Business and Economics

Staff within the Department

Ms A. Tyrrell – Head of Department 

Ms S. Dabreo - Teacher of Business / Economics

Ms K. Mumtaz Alderton – Teacher of Business and Assistant Head

BA Honours in Business

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.

 

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