Business Studies and Economics

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Mr P Lucey

Mr P Lucey Head of Department p.lucey@danum.outwood.com

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Mr S Walsh

Mr S Walsh Teacher of Business s.walsh@danum.outwood.com

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Business studies is a subject which has an enormous impact on everyone in society. The reason for this is that we are all involved because we all use different businesses every day and by studying this subject it will enable you to understand how the engine that drives the world’s economies works.

Economics is the ‘study of the factors that influence income, wealth and well-being’. It is a social science which incorporates mathematics and statistics as well as having connections with the physical sciences (biology, medicine and physics) and many other disciplines (politics, law, geography, psychology, sociology).

Overview of the Year for Business Key Stage 4

Course – Edexcel Business Communications
Exam Board – Edexcel
Exam – Unit 1 25%
Exam – Unit 4 50%
Coursework – Unit 2 25%

Within the course there are two exams and one piece of coursework which students need to complete.
Students will learn a range of skills throughout their time on the course through their study of the different business contexts such as:

  • practical skills: personal organisation and time management;
  • presentational skills: producing a business report; making an oral presentation
  • personal skills: initiative; creativity; perseverance; willingness to learn and progress
  • interpersonal skills: working in teams; discussing problems or issues; leading a team
  • cognitive skills: investigative and research skills; problem solving; decision-making; using theory to analyse a real organisation; planning a project.

Course – Edexcel BTEC Business
Exam Board – Edexcel
Exam – Unit 2 25%
Coursework – Unit 1 25%
Coursework – Unit 3 25%
Coursework – Unit 8 25%
Within the course there is one exam and three pieces of coursework which students need to complete all.
Students will learn a range of skills throughout their time on the course through their study of the different business contexts such as:

  • practical skills: personal organisation and time management;
  • presentational skills: producing a business report; making an oral presentation
  • personal skills: initiative; creativity; perseverance; willingness to learn and progress
  • interpersonal skills: working in teams; discussing problems or issues; leading a team
  • cognitive skills: investigative and research skills; problem solving; decision-making; using theory to analyse a real organisation; planning a project.

Overview of the Year for Business Key Stage 5

A-level Business Studies helps student’s develop a critical understanding of organisations, the markets they serve and the process of adding value be aware that business behaviour can be studied from the perspectives of a range of stakeholders acquire a range of skills including decision-making and problem-solving be aware of the current structure of business and business practice

Course – AQA GCE Business Studies
Exam Board – AQA
As Exams – Paper 1 50% and Paper 2 50%
A Exam – Paper 1 33.3%, Paper 2 33.3% and Paper 3 33.3%

The Units covered across the 2 years of the course are:

  • What is business?
  • Managers, Leadership and decision making.
  • Decision making to improve marketing performance.
  • Decision making to improve operational performance.
  • Decision making to improve financial performance.
  • Decision making to improve human resource performance.
  • Analysing the strategic position of a business. (A level only)
  • Choosing strategic direction (A level only)
  • Strategic methods: how to pursue strategies. (A level only)
  • Managing Strategic change (A level only)

Economics aims to make sense of the world in which we live. It is concerned with the real world and is therefore constantly in the news. Economics examines such questions as what kind of policies can reduce unemployment in the UK? What economic measures can be taken to deal with pollution? Should the Government cut the tax on petrol? Will a single European currency be a good thing for the UK? Should we tax the rich more? Is the growth of the Chinese Economy an opportunity or a threat? These questions, and many more, will lead us into plenty of lively debate!

Course – AQA GCE Economics
Exam Board – AQA
As Exams – Paper 1 50% and Paper 2 50%
A Exam – Paper 1 33.3%, Paper 2 33.3% and Paper 3 33.3%

The Units covered across the 2 years of the course are:

The AS course builds on understanding of the important concepts that underpin the study of Economics, in particular, we look at how the Government is running the economy and how we, as consumers, make our decisions.

The A2 course focuses on international trade and in particular, the European Union. It also analyses economic decision-making in detail and studies the role of competitive markets in the economy.