Business & Economics

Business and Economics are very popular options amongst our students.

In Business Studies students develop understanding of business activities in the public and private sectors and the importance of innovation and change. Learners find out how the major types of business organisations are established, financed and run and how their activities are regulated. Factors influencing business decision-making are also considered, as are the essential values of cooperation and interdependence.

Learners not only study business concepts and techniques but also enhance related skills such as application, analysis and evaluation as well developing personal competences.

Through the GCSE, AS and A Level Economics, learners study how to explain and analyse economic issues and arguments, evaluate economic information, and organise, present and communicate ideas and judgments clearly.

The course covers a range of basic economic ideas, including an introduction to the price system and government intervention, international trade and exchange rates, the measurement of employment and inflation, and the causes and consequences of poverty and inequality.

Learners also study the price system, the theory of the firm, market failure, macroeconomic theory and policy, and economic growth and development.

KEY STAGE 4

Business Studies GCSE
Subject content
Paper 1: Influences of operations and HRM on business activity
• Business in the real world
• Influences on business
• Business operations
• Human resources

Paper 2: Influences of marketing and finance on business activity
• Business in the real world
• Influences on business
• Marketing
• Finance

Economics GCSE
Introduction to Economics
• Introduction to Economics
• The role of markets and money

National and International Economics
• Economic objectives and the role of government
• International trade and the global economy

KEY STAGE 5

Year 1
What is business?
Managers, Leaders and Decision Making
Decision making to improve:
• Marketing Performance
• Operational Performance
• Financial Performance
• Human Resources Performance

Year 2
Analysing the strategic position of a business
• Choosing strategic direction
• Strategic methods
• Managing Strategic change

Economics A-level
Subject content
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

The national and international economy
• The measurement of macroeconomic performance
• How the macroeconomy 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

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