Head of Faculty
Mr Craig Benoit
The purpose of the Business Education programme at Key Stage 3 is to give students the opportunity to explore the theories and concepts of the business and economic world. Students undertake written and practical tasks to investigate business and its environment. The course of study provides progression for those wishing to continue their studies to GCSE Business or GCSE Economics.
Year 8 Business Studies
The Year 8 programme introduces students to Entrepreneurship, Business Ownership, Business Finance, Operations Management, HRM and Marketing.
Homework and Marking
Students are set an extended research project on an entrepreneur of their choice during the ‘Setting up a Business’ unit. The ‘Marketing a New Drink’ project requires students to conduct primary and secondary research outside class time and this work will be set by their class teacher at the appropriate time.
Year 9 Business Studies
The Year 9 programme introduces students to Economics, they study the basic economic problem, types of economies, the price mechanism and the national economy. A personal finance unit develops students’ skills and knowledge in money management.
Students create a poster to demonstrate their understanding of key economic terms and concepts. They are asked to research and collect data from the current national economy.
Assessment and Feedback
Each student is issued a study booklet at the start of each unit. Class work tasks are either self, peer or teacher assessed; and targets are set accordingly. There are two formal assessments during the year, a test result and project mark. The aim of these assessments is to give students feedback on their progress and develop in them the skills, knowledge and techniques needed to succeed if they continue their studies to GCSE level.
GCSE Business – 2 year course
The AQA specification allows you to have the opportunity to explore real business issues and how businesses work. You will learn to apply your knowledge and understanding to different business contexts ranging from small enterprises to large multinationals and businesses operating in local, national and global contexts.
The course is linear meaning that student will sit two exams at the end of Year 11
Paper 1 – The influences of operations and Human Resource Management on business activity which
consists of the following units:
· Business in the real world
· Influences on business
· Business operations
· Human resources
Paper 2 – The Influence of marketing and finance on business activity which consists of the following units:
· Business in the real world
· Influences on business
Student will learn to understand how markets and economies work, which will develop an economic awareness to benefit you personally and professionally for years to come. The subject content looks at economic activity through the lens of consumers, producers, government and the workings of the global economy. As you go through the course you will be presented with opportunities to focus on real-world issues. You will consider and reflect upon moral, ethical and sustainable issues that arise as a result of the impact of economic activity. You will investigate national global economic situations and issues from the last 15 years, learning about the policies that governments have used to attempt to manage these situations and issues. You will develop quantitative skills relevant to the subject content and should be able to make relevant calculations from economic data and be able to interpret data presented in the form of graphs and charts.
The course is linear, meaning that students will sit two examinations at the end of Year 11. The course is split into two sections:
Year 10 – How markets work
Paper 1 – Topics include;
· Economic foundations
· Resource allocation
· How prices are determined
· Production, costs, revenue and profit
· Competitive and concentrated markets
· Market failure.
Year 11 – How the economy works
Paper 2 – Topics include;
· Introduction to the national economy
· Government objectives
· How the government manages the economy
· International trade and the global economy
· The role of money and financial markets.
AS and A2 Business
A-level Business Studies helps students:
- develop a critical understanding of organisations, the markets they serve and the process of adding value
- be aware that business behaviour can be studied from the perspectives of a range of stakeholders
- acquire a range of skills including decision-making and problem-solving
- be aware of the current structure of business and business practice.
The specification studied requires students to develop their ability to acquire a range of important and transferable skills including data skills, presenting arguments, making judgments and conducting research. This course has no coursework or controlled assessment.
AS and A2 Economics
A-level Economics helps students:
- develop an interest and enthusiasm for economics and its contribution to the wider political and social environment
- develop an understanding of a range of concepts and acquire an ability to use these concepts in a variety of different contexts
- develop an enquiring, critical and thoughtful ‘economist’s mind’
- practice skills, qualities and attitudes which will equip them for the challenges, opportunities and responsibilities of adult and working life
- develop an understanding of current economic issues, problems and institutions that affect everyday life
- apply economic concepts and theories in a range of contexts and appreciate their value and limitations in explaining real world phenomena
- analyse, explain and evaluate the strengths and weaknesses of the market economy and the role of government within it.