Business and Economics
Why do we study business and economics? The simple answer is it affects our everyday lives. Areas such as the role of companies, government policies, tax, interest rates, wealth, and inflation all impact the society in which we live and us as individuals.
Business Studies helps you to understand more about how and why businesses operate in the way that they do by introducing students to the various aspects of the business world and the growth of businesses within the local community and throughout the world.
“Business opportunities are like buses, there’s always another one coming.” – Richard Branson
Economists provide the tools by which analysts can study the costs, benefits and effects of government policies in a range of areas that affect society. These can include healthcare and education. They help guide these decisions to work towards stable economic growth and a thriving society.
GCSE Business is a relevant and dynamic subject which offers students the chance to study how a business operates and to appreciate the many factors which impact upon business activity.
Pearson Edexcel Level 1/Level 2 GCSE (9 – 1) in Business (1BS0)
In Year 10 the course focuses on investigating small Businesses. It covers topics such as Enterprise and entrepreneurship, Marketing, Finance, Business structures and external influences such as legislation, technology and the economy.
In Year 11 the focus moves on to Building a Business. Topics include the different methods of growth, globalisation, marketing for a larger business, production methods, recruitment and motivation.
At the end of Year 11 you will sit two equally weighted 90 minute exams. They will consist of calculations, multiple-choice, short-answer and extended-writing questions.
Success in this subject.
To be successful in this subject you will need to be good at and enjoy using your knowledge of topics and then applying them to a range of business contexts. This will include calculations and the interpretation and use of quantitative and qualitative data in business contexts to help you make informed and justified business decisions.
Progression routes & Career opportunities
Business GCSE provides you with an excellent preparation for studying Business at a level and also an introduction to content and themes studied at A level Economics. It also leads to a wide range of future careers, such as Banking, Finance, Management, Accounting, Insurance, Law and the Civil Service to name a few.
Homework/ Extended learning
There will be regular homework set including exam style case study based questions.as well as regular tests to consolidate learning and to prepare for the GCSE exam. Students will be fully supported by their teachers to help them fulfil their potential. Students are also encouraged to keep up to date with business issues using websites such as the BBC news site and also online resources such as www.Tutor2u.net