Business and Economics – Home
Business and Economics – Home
The Business and Economics Department consists of 3 staff and is housed in a suite of 3 classrooms, one of which is a fully equipped IT room. All classrooms benefit from a networked computer and an interactive whiteboard. We are a successful and dynamic department, committed to providing quality courses which are especially relevant given the current economic climate. We use up to date case studies, visits to companies, outside speakers, role play and internet research to cover a wide range of contemporary topics. Examples of recent business / economics stories can be accessed below:
The department consists of a team of 4 highly skilled and enthusiastic teachers who deliver KS4 and 5 Business / Economics courses.
- Mr G Maloy
- Mr R Jones
- Mrs L Newton
- Mr B Sutherland
Key Stage 4
Key Stage 4
At KS4, either GCSE Business Studies or GCSE Applied Business can be taken. These courses have distinct and different learning styles and assessment methods. With both courses, emphasis is placed on developing both the academic and entrepreneurial skills required to be successful in an increasing competitive and globalised world.
There is currently 1 group in Year 11 and 2 in Year 10. The EDEXCEL course is followed and the aim of the course is to develop an understanding of how real life businesses operate. This will include learning about the skills needed to set up a business – e.g. enterprise and organisational skills and how entrepreneurs identify a business opportunity, through the development of the necessary marketing and financial skills required to start up a business. Many of the themes touched on the TV programme, The Dragons Den are covered. Other content includes how businesses expand and put in place the strategies needed to operate successfully – eg the motivation of staff as well as how businesses are affected by external factors such as competition and the government. There are three units of assessment:
- Unit 1 – a 45 minute multi-choice examination worth 25% of the total marks.
- Unit 2 – where you have to research various aspects of a small business’ operations and write up your findings under controlled conditions in class. This is worth 25% of the total marks and is internally assessed by your teachers.
- Unit 3 – a 1½ hour examination worth 50% of the total marks
GCSE Applied Business
The Applied course is a double award subject worth 2 GCSEs. There is currently 3 groups in year 11 and 2 in year 10 and the AQA course is followed. The aim of the course is to encourage students to develop a practical knowledge and understanding of business organisations. Rather than simply learning about the topic in the classroom, the emphasis will also be on carrying out practical investigations into the day-to-day running of businesses. There are four units of assessment as follows:
- Written Paper – Unit 1- Setting Up in Business worth 20% of marks
- Controlled Assignment – Unit 4- People in Business worth 30% of the marks
- Controlled Assignment – Unit 5- Marketing & Customer Needs worth 30% of the marks
- Written Paper – Unit 7- Business Finance worth 20% of the marks
Additional information on the GCSE Business and Applied Business subject content can be accessed via the links below
Key Stage 5
Key Stage 5
Uptake and our retention rate into KS5 are excellent and we have a thriving post 16 curriculum where students can follow AS/A Levels in Business Studies, Economics or Applied Business to suit their interest and style of learning. The department consistently achieves some of the best post 16 results in the school and North Yorkshire.
Economics – OCR
Economics is very much a subject for students who wish to explore real life issues. The course aims to enable students to develop an appreciation of economic concepts & theories through a critical consideration of current issues & problems that affect everyday life. Recent examples of topics covered include:
- Should we pay to use motorways through tolls in future years?
- Is an independent Bank of England better able to control the economy than the government?
- Will quantitative easing assist the UK in exiting recession?
- What is globalisation and why are there street protests against it?
- Should there be intervention to make housing more affordable to local residents in London and UK tourist hotspots?
Business Studies – AQA
The AS course looks at the practical challenges and issues of a starting up a business such as gaining appropriate finance and the recruitment of well qualified and suitable staff. In addition, an introduction is given to the basic business tools that can be used in the planning of a business including calculating costs, revenues, profits, using a break-even analysis and cash-flow forecasting. The second half of the AS course then focuses on how established businesses might improve their effectiveness by making tactical decisions. Topics covered include the training and motivation of staff, supplier and quality issues and the marketing tactics employed to attract customers.
At A2, the scope is widened and focuses on large scale “macro level” business and the strategies they use in order to remain competitive in an increasingly complex and globalised business environment. The financial, marketing HR and operational strategies are investigated as well as the way external considerations such as political, economic and social factors impinge on the corporate world.
Applied Business – AQA
The Applied Business course is based on the application of business theory learned in classroom, to a real life business. Content includes the management of human resources, business planning, marketing and financial management – all functions of business that contribute to the successful operations of organisations.
2/3 of all marks are gained through the completion of coursework and 1/3 is gained through externally set tests. The course therefore rewards consistent hard work and each coursework unit is focused on an organisation such as Pavers Shoes, Coca Cola & Marks & Spencer. The acquisition of practical learning skills that can be used in later life are a major objective of the course. Activities such as conducting research from a wide variety of sources such as questionnaires and are developed.
As well as visiting many local businesses as part of the curriculum, the department has a number of extra-curricular activities. To support KS4 study, students visit the Coca Cola factory in Wakefield and learn about the operations and marketing activities that make the Coca Cola brand so successful in the UK and worldwide. All year 12 business students visit London in June and tour the Westfield Centre / 2012 Olympics site as well the Canary Wharf financial district of the City of London and the prestigious Ernst and Young accountancy firm.
Students also participate in national competitions including the Student Investor Stock Market Challenge where small teams compete against other schools by investing a virtual £100,000 into investments of their choice with the winning teams going forward to the regional and national finals.
As part of year 12 enrichment, many students participated in the Young Enterprise Scheme where they set up and ran a real life enterprise in order to provide a product/service to the local community as well as generate profit for shareholders.