BUSINESS & ECONOMICS

Teachers

Mr H Bouri-Ward - Subject Leader
Ms S Brown

Subject: GCSE Business Studies and Economics

Course Outline:

Unit One - An Introduction to Small Businesses
  • Spotting a business opportunity
  • Showing enterprise
  • Putting a business idea into practice
  • Making the start-up effective
  • Understanding the economic content
Unit Two - Investigating Small Businesses (Controlled Assessment)
  • Select a task from a list of options
  • Research/investigation
  • Analysis/evaluation of task
Unit Five- Introduction to Economic Understanding
  • How can I start to think like an economist?
  • Risk or uncertainty?
  • Big or small?
  • Is growth good?
  • Is the world fair?
Assessment:

Unit One:
  • External examination
  • 45 minutes in length
  • Consists of multiple-choice and objective test questions
  • Total of 40 marks
  • Externally assessed
Unit Two:
  • Internally assessed controlled assessment
  • Two weeks of preparation time in class and researching at home
  • Analysis/evaluation of task (final write up) 3 hours maximum
  • The scripts are internally marked and moderated by Edexcel
  • Total marks 40
Unit Five:
  • Written external examination: 1 hour 30 minutes
  • All questions must be answered
  • Questions will contain multiple choice questions, short and extended answer questions
  • The questions will be data response and scenario based questions
  • Total marks 90
  • Externally assessed

Subject: A Level Economics

A Level Economics A-level Economics is of interest to students who:
  • want to more fully understand global political and economic events, and many of the major issues and problems facing the world today
  • want to play a role in turning our global community into a fairer and more equitable society
  • are interested in careers in business, finance, politics, journalism, management consultancy, accounting, teaching or public policy
  • want another highly regarded A Level to support university applications
  • are numerate
A-level Economics helps students:
  • develop an interest and enthusiasm for economics and its contribution to the wider political and social environment
  • develop an understanding of a range of concepts and acquire an ability to use these concepts in a variety of different contexts
  • develop an enquiring, critical and thoughtful 'economist's mind'
  • practice skills, qualities and attitudes which will equip them for the challenges, opportunities and responsibilities of adult and working life
  • develop an understanding of current economic issues, problems and institutions that affect everyday life
  • apply economic concepts and theories in a range of contexts and appreciate their value and limitations in explaining real world phenomena
  • analyse, explain and evaluate the strengths and weaknesses of the market economy and the role of government within it
A Level Economics is taught through applying economic theory to real world case studies, and it is important that students have a genuine interest in and passion for current affairs. We have chosen AQA as our exam board specifically because of this link between theory and world events.

Paper One: Markets and market failure

This paper covers the core ideas in microeconomics including:
  • Economic methodology and the economic problem
  • Individual economic decision making
  • Price determination in a competitive market
  • Production, costs and revenue
  • Perfect competition, imperfectly competitive markets and monopoly
  • The labour market • The distribution of income and wealth: poverty and inequality
  • The market mechanism, market failure and government intervention in markets
Paper Two: The national and international economy

This paper covers the core ideas in macroeconomics including:
  • The measurement of macroeconomic performance
  • How the economy works: the circular flow of income, AD/AS analysis and related concepts
  • Economic performance
  • Financial markets and monetary policy
  • Fiscal policy and supply-side policies
  • The international economy
Paper Three: Economic principles and issues

All subject areas outlined within paper one and two are included within paper three.

Assessment:

Paper 1: Markets and market failure
  • Written examination (2 hours)
  • 80 marks
  • 33.3% of A Level
  • Section A: Data response questions requiring written answers. Choice of two available
  • Section B: Essay questions requiring written answers. Choice of one from three options
Paper 2: National and international economy
  • Written examination (2 hours)
  • 80 marks
  • 33.3% of A Level
  • Section A: Data response questions requiring written answers. Choice of two available
  • Section B: Essay questions requiring written answers. Choice of one from three options
Paper 3: Economic principles and issues
  • This examination brings together all the contents from papers 1 and 2
  • Written examination (2 hours)
  • 80 marks
  • 33.3% of A Level
  • Section A: multiple choice questions worth 30 marks
  • Section B: case study questions requiring written answers worth 50 marks