Business, Economics and Finance

MMA_VanDyke_2010_1_678Five members of staff deliver the curriculum. Members of staff in the Department have a wide range of experience, both within and outside education. The Department is successful and well established, with many students taking courses at GCSE and A-Level.

The Department is very sucessful at both GCSE and A level, with the subject consistently improving its results.  Students are inroduced to the real business world using exciting real business case studies.

The Department offers an extensive range of courses:

Key Stage 4 - GCSE Business Studies (Edexcel)

The course is divided into three sections:
• Unit 1 – Introduction to Small Business (25% - assessed by exam)
• Unit 2 – Investigating Small Business (25% - assessed by controlled assessment)
• Unit 3 – Building a Business (50% - assessed by exam)

The first two units aim to introduce students to issues concerning the setting up and operation of small businesses. They explore the activities of businesses and the reasons for success and failure. Students are encouraged to appreciate that businesses must operate within society and that this involves businesses engaging with a wide range of stakeholders.
In unit 3 students will learn more about how small businesses are developed and discover how businesses promote themselves and keep their customers happy. Students will also learn how businesses manage both their finances and the people who work for them.

Key Stage 5

A Level Business (Edexcel)

At AS Level, Business introduces students to the challenges and issues of finance, marketing and people within business, including financial planning. It then focuses on how established businesses might improve their effectiveness by making tactical decisions at a functional level.

At A2 Level, Business Studies considers strategies for larger businesses and how managers might measure the performance of the business. Finally, it considers the affects that external factors can have on businesses and how a business can plan for and manage change, including leadership style and change in business culture.

A Level Economics (AQA)

At AS Level, Economics introduces students to basic microeconomic models, such as demand and supply and the operation and failings of the price mechanism which are used to analyse the behaviour of consumers and firms. Basic macroeconomic models are used to explain the behaviour of the national economy and explore issues such as growth, recession, unemployment and the exchange rate and the use of monetary and fiscal policy to try to achieve economic objectives.

At A2 Level, Economics considers models of competition, monopoly and oligopoly to analyse the behaviour of firms. Students will also gain an understanding of the labour market and factors which influence wage rates and the distribution of income and wealth. More advanced macroeconomic models and ideas are used to understand the economy at large in more detail.

Certificate and Diploma in Finance (IFS)
(AS and A2 Equivalents)
The Finance course has been designed to encourage students to be inspired to meet their lifestyle aspirations. This will be achieved by considering appropriate solutions from a wide range of financial products and services available within the dynamic and constantly evolving financial services marketplace. Students will learn how to make informed and confident decisions regarding their finances in the future.

For further information, please contact:

Mrs G Salgania (Head of Business Studies):