Business Studies & Economics

Head of Economics & Business Studies: Ms L Stephens, BA (Hons) York

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GCSE

Think about the new top you bought last week: what businesses made it possible for you to be wearing it right now? Not just obvious ones like the shop and factory, but what about the cotton growers, the label makers, the delivery companies and the marketing professionals who persuaded you to buy it? Considering all those processes and people allows you begin to understand what Business Studies is about. Business principles and practices are used in every business and workplace, making Business Studies a valuable, interesting and useful GCSE to study.

Course Content

Theme 1: Investigating small business: enterprise and entrepreneurship; spotting a business opportunity; putting an idea into practice; making the business effective; external influences on business
Theme 2:  Building the business: growing the business; making marketing decisions; making operational decisions; making financial decisions; making human resource decisions

Find out more at: http://qualifications.pearson.com/en/qualifications/edexcel-gcses/business-2017.html

Assessment

Paper 1: 90-minute paper based on Theme 1 comprising a mixture of multiple choice, short answer and extended writing questions, based on a business context
Paper 2: 90-minute paper based on Theme 2 comprising a mixture of multiple choice, short answer and extended writing questions, based on a business context

You do not have to study this course in order to study Economics or Business A level.

A Level

There could hardly be a more exciting time to study Economics. Terms like ‘credit crunch’, ‘budget deficit’, ‘poverty trap’ and ‘brain drain’ have become part of our everyday language. Leaders have to look for increasingly innovative responses to ensure their citizens and businesses stay one step ahead. Studying Economics will give you the tools to address these complex issues; you may not have studied Economics or Business before but that does not matter. This course will give you a fascinating, and useful, insight into the real world.

Course Content

Theme1: Markets, Consumers and Firms
How consumers make choices, entrepreneurs create desirable products and how the macroeconomy impacts on businesses.

Theme 2 : The Wider Economic Environment
How firms can become more competitive, including globalization, trade and economic issues and the business cycle.

Theme 3: The Global Economy
The international economic environment and emerging markets.

Theme 4: Making Markets Work
Competition within markets; social costs and benefits and how governments may improve the functioning of markets and the economy.

Assessment
Three Papers – Papers 1 and 2 comprise of one data response question, broken down into parts, and two extended open-response questions based on data.
Paper 3 comprises an extended open-response questions based on a pre-release context and stimulus material.