Mr Edward Harvey – Head of Social Sciences (Business Studies, Economics & Law)
Mrs Hasina Ali – Teacher in charge of Business Studies and teacher of Economics
Mr Richard Coulthard – Teacher of Economics
Mr Tanweer Ahmed – Teacher of Economics and Computer Science
Department goals for students
As a result of studying the Business & Economics curriculum we desire to achieve the following goals:
- Students will learn the fundamentals of business, including an understanding of complex systems, market forces, entrepreneurship and the theory and praxis of business.
- Students will be able to engage meaningfully in the world of business through developing their confidence with innovation, driving ideas, marketing products and learning to make informed judgements on quality and efficiency.
- Students will become morally responsible as they learn about integrity in the workplace, and that businesses are no less morally accountable than individuals and should be driven to contribute positively to society. Through studying business, we seek to form the character traits of determination and integrity. Thus, reinforcing the CARES values.
- Students will learn the dynamics of human behaviour at both a micro and a macro level, thereby enabling them to understand how markets work, how markets fail, and the role of institutions within markets.
- Students will be able to model complex economic processes using theoretical constructs, analyse and evaluate the validity of their outcomes, and articulate their findings in a logical way.
- Students will become ethically aware as they learn the principles and moral or ethical problems which can afflict households, firms, and/or governments, and consider their place in tackling some of the challenges that face humanity.
Course Calendars and Curriculum Mapping
Curriculum: Business Studies at KS4
The GCSE that the department teaches is a Business Studies GCSE run by AQA. This GCSE is not essential for the A’ level Business Studies course but it is a useful introduction to those who feel that they have an interest in this area.
The course is comprised of six units.
- Business in the real world
- Influences on business
- Business operations
- Human resources
The course requires students to draw on their knowledge and understanding to:
- Use business terminology to identify and explain business activity
- Apply business concepts to familiar and unfamiliar contexts
- Develop problem solving and decision making skills relevant to business
- Investigate, analyse and evaluate business opportunities and issues
- Make justified decisions using both qualitative and quantitative data including its selection, interpretation, analysis and evaluation and the application of appropriate quantitative skills
Assessment is via two 1hr 45 min exams with a variety of question types including multiple choice and short answer questions as well as longer data response/case study questions
The business environment is dynamic and ever changing and delivery of the course content will be supported by reference to current developments in the business world. GCSE Business Studies requires students to have both good numerical and good writing skills and is a good GCSE to study in preparation for a wide variety of careers.
Curriculum: Business Studies at KS5
Students choosing Business at A level follow the AQA specification (7132). The two Business teachers share responsibility for the teaching of each of the ten units that make up the A level Business course. Broadly, students study functional decision-making units (1-6) in Year 12 and strategy units (7-10) in Year 13. By the end of year Year 12, students are expected to understand six units enabling an end of year mock examination to take place that broadly follows the AS examination. Teachers have a degree of flexibility in delivering aspects of the syllabus bearing in mind the make-up of the class. It may be the case that aspects of ‘strategy’ (Year 13 material) will be taught in Year 12 if the makeup of the class consists primarily of students who have studied GCSE Business. Students are assessed half-termly, perhaps under timed conditions in lessons, using examination-based questions and essays. All units should be taught by Easter of Year 13 allowing for full revision and students to have the ability to sit full practice exams in each of the three papers.
A level Business Studies aims to give students an understanding of the many problems businesses can face and encourages students to develop analytical and evaluative ways to solve them. Year 1 of the course focuses on leadership, management and decision making in the various departments of a business and Year 2 looks at the fundamental decisions on strategy made at board level. All units will require working with a business and provide significant opportunities for students to investigate the real world.
There are ten mandatory units which are detailed below:
- What is business?
- Managers, leadership and decision making
- Decision making to improve marketing performance
- Decision making to improve operational performance
- Decision making to improve financial performance
- Decision making to improve human resource performance
- Analysing the strategic position of a business
- Choosing strategic direction
- Strategic methods: how to pursue strategies
- Managing strategic change
Assessment is via 3 examinations of 2 hours each. These contain multiple choice, short answer, and extended case study questions as well as essays. Students need to have both good numerical and good writing skills. Business Studies combines well with Economics for those interested in pursuing a finance-based degree but is a good general A level that will support any career.
Curriculum: Economics at KS5
A Level Economics is a more conceptual course than Business Studies and we focus on the powerful forces that shape the world in which individual businesses must operate. The course is structured to enable students to study how whole economies (macroeconomics) and individual markets (microeconomics) work as well as a look at international aspects in both Years 12 and 13. Students should be numerate and able to write clearly but having an interest in what is going on in the world and wanting to understand it more is also important.
Economics sits in the middle of the learning spectrum. In one direction is has close links to Mathematics as calculations are invariably needed. In the other, its demand in terms of analytical essay writing skills align it with the ‘arts’ subjects such as History, English, Politics and Psychology.
Component 1 – Individuals, firms, markets and market failure
- Economic methodology and the economic problem
- Individual economic decision making
- Price determination in a competitive market
- Production, costs and revenue
- Perfect competition, imperfectly competitive markets and monopoly
- The labour market
- The distribution of income and wealth: poverty and inequality
- The market mechanism, market failure and government intervention in markets
Component 2 – The national and international economy
- The measurement of macroeconomic performance
- How the macro-economy works: the circular flow of income, AD/AS analysis, and related concepts
- Economic performance
- Financial markets and monetary policy
- Fiscal policy and supply-side policies
- The international economy
Assessment is via three 2 hour external examinations: Paper 1: Markets and market failure (33.3%) Paper 2: National and international economy (33.3%) Paper 3: Economic principles and issues (33.3%).