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
As well as learning about the work of the traditional functions of business, marketing, finance, human resources and operations, we will also examine business activity from the point of view of a variety of perspectives, including globalisation, ethics, the macro-economy and the environment.
Unit 1: Marketing and Enterprise
Unit 2: Business and People
Unit 3: Production, Finance and the External Environment

Assessment
Unit 1: Controlled assessment – 10 hours in research and six hours writing a report – 25%
Unit 2: Written one hour exam – data-response questions – 25%
Unit 3: Written one and a half hour exam – questions based on pre-release material – 50%

Find out more at: www.ocr.org.uk/qualifications/gcse-business-studies-j253-from-2012/

You do not have to study this course in order to study Economics A level in the Luckley Sixth Form.

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
AS Themes: 1 and 2, A2 Themes 1-4:

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
Two AS Papers – each paper comprises of one data response question, broken down into parts, and one extended open-response question based on data.
Three A2 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.