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Business and Economics

Staff within the Department

Sivy Mannaru – Head of Department and Assistant Head Teacher(Secondment)Pupil Premium

BCom /Postgraduate in Education/NPQML       

David Shrier – Economics and Business Teacher

BSc(Economics) and Masters in Development

Kalsoom Mumtaz Alderton – Business Teacher and Head of Year 11

BA Honours in Business

Manjinder Bhachu-Patel – Business Teacher

BSc(Business)

Sarah Bickers – Business Teacher and Careers Co-Ordinator

BA Honours in Business and PGCE

 

The Business and Economics Department is a vibrant, diverse and exciting department comprising of a team of specialist Business and Economics teachers. Each member of the team has a passion for their subject and is dedicated to inspiring students, raising aspirations and raising standards.
We deliver a range of syllabi that are designed to encourage our students to develop their thinking. From the outset we create a proactive, participative environment which stimulates and encourages our students to make informed decisions using their knowledge and understanding of the subject.
The Business and Economics Department is all about reality and so learning resources are based on ‘real’ organisations and applying theory within those situations.

We aim to:
• Stimulate curiosity, interest and enjoyment in the Business World
• Enable students to acquire understanding and knowledge of the concepts, principles and        applications involved in all areas of Business/Economics
• Introduce students to current business practice and to the ways in which businesses operate.
• Allow students to become confident citizens in an increasingly technological and target-driven world, and be familiar with the language of Business.
• Appreciate the environmental impact of business activities in the various sectors.

KS4 - BUSINESS

If you enjoy:

• communicating and explaining your ideas

• thinking creatively and making decisions

• working with numbers to solve business problems and

• learning about the world of business

THEN THE GCSE BUSINESS COURSE IS THE RIGHT SUBJECT FOR YOU

 

Students may choose Business Studies as an option in Year 9, wherein they will complete the Edexcel qualification providing them with one GCSE by the end of year 11.

 

Autumn Term

Spring Term

Summer Term

Year 9

UNIT 1 Introduction to Small Business

Topic 1.1: Spotting a business opportunity

 

 

Topic 1.2: Showing enterprise

Topic 1.3: Putting a business idea into practice

Topic 1.4: Making the start-up effective

Topic 1.5: Understanding the economic context

Year 10

UNIT 3

Building a Business

Topic 3.1: Marketing

 

Topic 3.2: Meeting customer needs

Topic 3.3 Effective financial management

 

Topic 3.4:Effective people management

Topic 3.5 The wider world affecting business

Year 11

 UNIT 2

Investigating Small Business

 

Controlled Assessment

Review and revise Units 1 and 3

GCSE Examination

 

We follow the Edexcel Business Studies specification.  You can find more information about it here.

KS4 – ECONOMICS

This qualification is innovative yet retains coverage of the basic economic principles. This enables students to develop their ability to apply this knowledge to real-life situations in a range of local, national and global contexts.

 

Autumn Term

Spring Term

Summer Term

Year 9

UNIT A591

How the Market Works

Topic 1: What is the economic problem?

 

Topic 2: What are competitive markets?

Topic 3: How do firms operate in competitive markets?

Year 10

Unit A592

How the Economy Works

Topic 1: What are the economic objectives of a government?

 

Topic 2: How does the UK government raise and spend its money?

Topic 3: Which policies can the UK government use?

 

Year 11

 Unit A593

The UK Economy and Globalisation

Topic 1: Why do countries trade?

Topic 2: Why is the UK in the European Union?

Topic: 3 UK and international trade

Topic 4: How important is the value of currency?

Topic 5: How does a country become more competitive?

Topic 6: LEDC’s and growth

Topic 7: What measures support growth for LEDC’s

Review and revise all units

GCSE Examination

We follow the OCR GCSE Economics specification.  You can find more information about it here.

Activities to do at home

If students in GCSE are keen to progress in their Business or Economics education outside of school, the following would be useful:

  • Keep abreast with current business and economic affairs.  Students should write their analytical point of view to develop their analytical skills (iREAD).            
  • Develop mini lessons to reiterate their knowledge (iTEACH)
  • Participate in the WOHAA competition which is UCAS approved (Year 10)
  • Participate in the Tenner Competition (Year 9)
  • Publishing a Department Magazine

KS5 - ECONOMICS

The Edexcel A- level Economics specification aims to develop students' interest in, and enthusiasm for, the study of economics. It will help students appreciate how economics contributes to an understanding of the wider economic and social environment, and develop the skills, qualities and attitudes which will equip them for the challenges, opportunities and responsibilities of adult and working life.

 

Autumn Term

Spring Term

Summer Term

Year 12

Theme 1: Introduction to markets and market failure. 

This theme focuses on microeconomic concepts. Students will develop an understanding of:

? nature of economics

? how markets work

? market failure

? government intervention

 

Theme 2: The UK economy

This theme focuses on macroeconomic concepts. Students will develop an understanding of:

? measures of economic performance

 ? aggregate demand

? aggregate supply

? national income

? economic growth

? macroeconomic objectives and policy

Review and Revision of Theme 1 and Them 2

 

AS Level Internal Examination

Year 13

Theme 3: Business behaviour and the labour market

This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics. Students will develop an understanding of:

? business growth

 ? business objectives

? revenues, costs and profits

? market structures

? labour market

? government intervention

 

Theme 4: A global perspective

This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context. Students will develop an understanding of:

? international economics

? poverty and inequality

? emerging and developing economies

? the financial sector

? role of the state in the macroeconomy

Review and Revision of Theme 1, Theme 2, Theme 3 and Theme 4

 

AS Level Internal Examination

We follow the Edexcel GCE Economics specification.  You can find more information about it here.

KS5 - BUSINESS

 

Autumn Term

Spring Term

Summer Term

Year 12

Theme 1: Marketing and people

Students will develop an understanding of:

· meeting customer needs

· the market

· marketing mix and strategy

· managing people

· entrepreneurs and leaders.

Theme 2: Managing business activities

Students will develop an understanding of:

· raising finance

· financial planning

· managing finance

· resource management

· external influences.

Review and Revision of Theme 1 and Them 2

 

A2 Level Examination

Year 13

Theme 3: Business decisions and strategy

This theme develops the concepts introduced in Theme 2. Students will develop an understanding of:

· business objectives and strategy

· business growth

 · decision-making techniques

· influences on business decisions

· assessing competitiveness

· managing change.

Theme 4: Global business

This theme develops the concepts introduced in Theme 1. Students will develop an understanding of:

· globalisation

· global markets and business expansion

· global marketing

· global industries and companies (multinational corporations).

Review and Revision of Theme 1, Theme 2, Theme 3 and Theme 4

 

A2 Level Examination

We follow the Edexcel GCE Business specification.  You can find more information about it here

KS5 – BTEC LEVEL 3 NATIONAL EXTENDED CERTIFICATE in BUSINESS

 

Autumn Term

Spring Term

Summer Term

Year 12

Unit 1: Exploring Business (Internal)

In this unit, you will gain an overview of the key ingredients for business success, how businesses are organised, how they communicate, the characteristics of the environment in which they operate, and how this shapes them and their activities. You will also look at the importance of innovation and enterprise to the success and survival of businesses, with the associated risks and benefits.

Unit 2: Developing a Marketing Campaign(External)

You will examine the marketing aims and objectives for existing products/services and understand the importance of relevant, valid and appropriate research in relation to customers’ needs and wants. You will use given market research data and other information to make recommendations about the type of marketing campaign that a business should undertake. In this unit, you will draw on your learning from across your programme to complete the assessment task.

Submission of Internal Unit and External Examination Revision

Year 13

Unit 8: Recruitment and Selection Process(Internal)

This unit will give you a foundation for progression to employment, for example in a human resources role, or to higher education. Through undertaking recruitment activities the unit will help you to develop the skills needed in an interview situation. You will have an opportunity to review your individual performance and analyse your skills for development.

Unit 3: Personal and Business Finance(External)

This unit will provide a foundation for a number of other finance and business units and will help you to analyse profitability, liquidity and business efficiency. It will give you the knowledge and understanding to manage your personal finances and will give you a background to business finance and accounting as you progress to employment or further training.

Submission of Internal Unit and External Examination Revision

We follow the Edexcel BTEC National.  You can find more information about it here

Activities to do at home

If students in GCE are keen to progress in their Business or Economics education outside of school, the following would be useful:

  • Keep abreast with current business and economic affairs.  Students should write their analytical point of view to develop their analytical skills (iREAD).
  • Develop mini lessons to reiterate their knowledge (iTEACH)
  • Participate in the Young Enterprise competition(Year 12 Business)
  • Participate in the Target 2.0 competition which is facilitated by the Bank of England (Year 13 Economics)
  • Participate in the departments’ peer mentoring program

 

Enrichment Activities and Trips

Year 9 – KIDZANIA

Year 9 – Tenner Challenge

Year 10 – Krispy Kreme

Year 10 - WOHAA

Year 12 - Farm

Year 12 – Young Enterprise

Year 12 – Visit to Eaton College Economics Club

Year 13 – Target 2.0

 

Career Paths

Financial Risk Analyst

Retail and Sales

Human Resources

Actuary

Statistician

Chartered Accountant

Forensic Accountant

Management Consultant