Business and Economics

Overview

Welcome to the Business and Economics department, whether students are studying GCSE, A Level or Vocational options they are guaranteed the very highest standards of teaching, enabling students to achieve grades that will assist in their chosen future careers. Further to this, the department strives to give students a real understanding of business and economics by using carefully chosen case studies, support from established organisations and keeping students up to date with changes in the economic environment.

A highly successful department that values each and every student, we ask for the commitment to achieving the best grades possible and working with us to ensure this happens. We look forward to working with you. 


Key Staff

Miss Mills - Head of Department
Mr Aitken - Teacher in charge of Economics
Mr Dangerfield - Teacher of Business
Mr Matthews - Teacher of Economics
Mr Jackson - Teacher of Business and Economics
Mrs Shepherd - Teacher of Business
Mr Tinsley - Linked School Governor


Results 2018

-  Business GCSE results were outstanding with 87% of students achieving 9 - 4 grades, with 48% achieving grade 6 or above.
-  Economics GCSE were also excellent with 93% achieving 9 - 4 and 66% achieving a grade 6 or above.
-  Business BTEC Level 2 First Award students achieved 89% Distinction*- Pass with 30% achieving at least a Distinction
-  Business BTEC Level 3 students achieved 100% Distinction*- Pass with 62% achieving at least a Merit
-  A-Level Business students achieved 73% A*-C
-  A-Level Economics students achieved 81% A*-C 


Resources

Laptops: 30 new Dell Laptops available for student/staff use. Each classroom has between 6 – 8 PCs available for use
Shared area: the Business Studies department uses a student shared area on the school network to store lessons, resources and photos
Videos: there are a number of DVDs and videos on Business and Economics available at all times
Books: the online system available to all Key Stage 5 students to access the textbook remotely at any time. we also carry books for all classes in Key Stage 4 and Key Stage 5.
Exam papers: for Key Stage 5 A-Level students there is a range of past papers available in the shared area and a paper copy will be issued to all students to help in preparing for the Exam. Example answers and mark schemes are also available to save from the shared area. 


Curriculum Intent

The aim of the Business and Economics Department is to equip students with a broad understanding of the world of business and economics, by applying subject concepts to real-world issues. We promote a ‘Can-do’ attitude; and through learners’ curiosity, reflection, independence and grit, true potential is fulfilled – creating business and economic leaders of the future!


Key Stage 4

GCSE Business (Eduqas)

GCSE Business Studies offers an excellent level of understanding on how businesses operate and their influence on our everyday lives. It is one of the most popular options available at KS4 in Edgbarrow school.  Assessment - 100% 2 written exams

  • Business Studies teaches students how organisations operate, the problems they face and how to overcome them.
  • You will investigate the challenges and skills needed to set up a start-up organisation and what it is to be entrepreneurial.
  • You will study large multinational businesses and learn how to measure their successes/failures and how to improve their performance.
  • Regular discussions, presentations, real-life case studies and group working are just some of the methods we use in the department to ensure students understand and access this ever-changing landscape of business.

Year 10 Assessment

Year 11 Assessment


Business BTEC: Level 2 First Award

The Business BTEC first Award in Business is a two-year course designed to offer a genuine alternative to GCSE specifications. The course is designed to support and allow students to achieve their full potential whilst providing an engaging and stimulating introduction to the world of business.

The four units of study are:

  1. Enterprise in the Business World: internally assessed coursework
  2. Finance for Business: externally assessed. Unseen examination, 1 hour in length, onscreen testing
  3. Promoting a Brand: internally assessed coursework
  4. Principles of Customer Service: internally assessed coursework

The key points attached to the qualification are:

  • Equivalent to 1 grade at GCSE
  • 3 units of work over 2 years
  • 75% coursework 25% external exam (similar to controlled assessment)
  • Typically students outperform target grades

Year 10 Assessment

Year 11 Assessment


GCSE Economics (OCR)

Economics is an increasingly popular choice at Key Stage 5 achieving 81% A*-B in August 2019 A-Level results. We have recently introduced Key Stage 4 Economics which has proved a popular choice.

  • Economics is the science of decision making by people, organisations and governments as to how best to allocate scarce resources, therefore, involves problem-solving
  • You will learn about the real world all around us, how it works and investigate the UK economy, forming policies to manage it and its effects on all of us
  • There are lots of discussions, debate and critical thinking in economics about a range of issues, interpretation of data and diagrams as well as research and working in groups

Students are able to access the ground level knowledge of Economics prior to undertaking their A-Level Studies. Again a popular and oversubscribed option with many students continuing to read economics at University.

Year 10 Assessment

Year 11 Assessment


Key Stage 5

A Level Business - (AQA)

There are three exams entitled Business 1, Business 2 and Business 3, each worth 33.3%. All three exams are synoptic and cover all of the content taught at A-Level. Assessment is a mixture of multiple choice, short answer, data response and essay questions.
There are ten main themes taught across the two-year course including what businesses are, management and leadership, decision making in Finance, Marketing, Human Resources and Operations Management, strategic position, direction and methods and management of change.

Future opportunities

A-Level Business develops many skills and students gain much insight into the business world. It is, therefore, appropriate for almost any chosen career path. In particular, roles in management, finance, marketing, human resources and operations are well served. The independent and analytical thinking nature of the course prepares students well for university.


A Level Economics - (Edexcel)

The new specification for economics will focus on three core areas, each with an attached exam.

  • Unit 1 (micro) – Markets and business behaviour – An introduction to economics and economic thought, a study of how markets work and why they fail, economic problems and models, supply and demand, market structure, costs, revenues and profit, efficiency, game theory, mergers/takeovers and labour economics (35% of A-Level).
  • Unit 2 (macro) – The national and global economy – This unit focuses on government policies, the economy and its indicators and the economics of happiness, limitations of government, international trade and currencies, global and development economics, poverty and inequality and emerging economies (35% of A-Level).
  • Unit 3 (synoptic) – covers both microeconomics and macroeconomics (30% of A-Level)
    Assessment is a mixture of multiple choice, short answer, data response and essay questions.
Future opportunities

Students will be well prepared for courses at university due to the rigorous academic nature of the subject as well as the analytical and logical nature of Economics. Economics will be of particular benefit to degrees in Economics, Business Management, Finance, History, Politics and Mathematics, as well as a range of careers, in particular in finance, banking, trading and management. 


Level 3 Business Diploma BTEC (Edexcel)

An established and highly regarded option for Key Stage 5 students The Diploma in Business  allows students to explore a wide-reaching number of topics across the business spectrum.  We are offering both a double and single award.

The key elements of the course are found below:

  • Unit 1:  Exploring Business
  • Unit 2:  Developing a Marketing Campaign
  • Unit 3:  Personal and Business Finance
  • Unit 4:  Managing an event
  • Unit 5:  International Businesses
  • Unit 6:  Principles of Management (externally assessed)
  • Unit 8:  Recruitment and Selection Process
  • Unit 14:  Investigating Customer Service

Students study eight units over the two years, six of which are coursework based (55% of their overall grade) and two which are externally assessed (45% of their overall grade).

The diploma is the equivalent of two A-Levels and takes up two option blocks.

Level 3 Business Diploma BTEC (Edexcel)

The certificate looks at the core areas of business and is worth one A-Level with students studying four units over the two years, two being coursework based (42% of overall grade) and two of which are externally assessed (58% of overall grade).

  • Unit 1:  Exploring Business
  • Unit 2:  Developing a Marketing Campaign
  • Unit 3:  Personal and Business Finance
  • Unit 14:  Investigating Customer Service

The certificate is the equivalent of one A-Level and takes up one option block.

Both courses are recognised by universities and UCAS.


Level 2 Customer Services (BTEC Technical Certificate)

This is a vocational pathway for students who do not currently meet the entry requirements to study Level 3 qualifications. This is a one-year course that will provide you with a practical, real-world approach to learning which will include relevant work experience. This is a stand-alone package and cannot be combined with any other Level 3 course that we offer. This pathway is designed to provide you with progression into future Level 3 course, employment or apprenticeships.

Your programme of study is as follows:

  • Pearson BTEC Level 2 Technical Certificate in Customer Service Operations
  • Resit opportunities for GCSE English and Maths (if required)
  • Extended Work Experience
  • Enhanced tutorial
  • Access to a range of enrichment opportunities

Assessments are through assignment-based coursework and by examinations. The assignments are continuous throughout the course with a variety of written reports, reflective journals, presentations, teacher observation, discussions and written tests.

For full course details please see the following website. Alternatively, you can contact a member of the Business Studies Department


Trips

The Business and Economics department work in conjunction with a number of well-known and established businesses. each year different opportunities arise however we often visit Thorpe Park, Harry Potter World, Dell, O2 and take our KS5 students to superb revision conferences offered by Tutor2u!
In addition, students are able to speak with staff directly through Twitter and the school email system to ensure they are fully up to date on work, revision and what is going on in the business world. 


For further information regarding our Business and Economics Curriculum please contact:
Miss Mills keniesha.mills@edgbarrowschool.co.uk