Business and Economics
Miss Bhogal (Head of Department)
Mrs Steadman (Head of Sixth Form)
At KS4 we offer:
1 - Edexcel GCSE (9-1) Business
2 - OCR Cambridge National in Enterprise and Marketing
3 - OCR GCSE (9-1) Economics
Edexcel GCSE (9-1) Business
This three year GCSE course is structured into two themes, taking you through how entrepreneurs start businesses (Theme 1) through to growing and becoming a global businesses (Theme 2).
Theme 1: Investigating Small Business
Theme 2: Building a Business
Theme 1 concentrates on key business concepts, issues and skills involved in starting and running a small business. It provides a framework for students to explore core concepts through the lens of an entrepreneur setting up in business. Theme 2 examines how a business develops beyond the start-up phase. It focuses on the key business concepts, issues and decisions used to grow a business, with an emphasis on aspects of marketing, operations, finance and human resources. It also considers the impact of the wider world on the decisions a business makes as it grows. Both units are assessed at the end of Year 11, with two written examinations, which are 90 minutes in length. Each paper is worth 50% of the overall qualification, and both papers will consist of calculations, multiple-choice, short-answer and extended-writing questions.
OCR Cambridge National in Enterprise and Marketing
This qualification is for learners aged 14-16 who wish to develop applied knowledge and practical skills in enterprise and marketing. It is designed with both practical and theoretical elements, which will prepare students for further study of qualifications in enterprise, marketing or business.
All learners will study three mandatory topics. The first topic underpins the wider learning in this qualification. Learners will develop essential knowledge and understanding of enterprise and marketing concepts, which can be applied to the other units within the qualification. In the second topic, learners will develop the skills to design a business proposal to meet a specific business challenge. They will identify a customer profile for a specific product, complete market research to generate product design ideas, and use financial calculations to propose a pricing strategy and determine the viability of their product proposal. In the third topic, learners will develop the skills to create a brand identity and promotional plan for their specific business product proposal developed in the second topic. They will develop pitching skills in order to pitch their business proposal to an external audience. Finally, they will review their pitching skills and business proposal using their learning, self-assessment and feedback gathered.
GCSE OCR Economics (9-1)
Economics is about people and their economic choices. This course enables learners to appreciate we are all part of the economy and that economics relates to every aspect of our lives – from the decisions of individuals or families to the structures created by governments and producers. It will develop learners’ understanding of how economic issues affect choices about resources and markets and vice versa.
OCR’s GCSE (9–1) in Economics equips learners with the skills and confidence to explore how consumers, producers and governments interact in markets nationally and internationally. It provides a well-rounded introduction to this subject and an excellent foundation for advanced study in Economics. By learning how to explain and evaluate economic problems and possible solutions, learners will acquire a way of thinking as economists and develop a logical approach to thinking and reasoning.
The course will enable learners to become better-informed and more responsible citizens, consumers and producers, by allowing them to develop an awareness for the importance of the economic dimension to our lives. This will allow them to become more confident in the economic choices relating to their life and work.
The course is delivered in two sections. Component 01 introduces learners to the main economic agents, the basic economic problem and the role of markets, including the labour market and the importance of the financial sector. Component 02 focusses on the main economic objectives, such as economic growth, low unemployment, fair distribution of income and price stability, and other roles of government. Other aspects are the importance of international trade and the impact of globalisation. This course is assessed at the end of Year 11, with two written examinations which are both 50% of the overall qualification.