Business Studies GCSE
The course gives students a greater understanding and awareness of the world they live in, but more specifically how individuals and businesses work within the economy. This is a course comprising of Human Resource Management, Production, Business Ownership, Finance and Marketing modules. Students will be enjoying a combination of theory and practical based exercises. For example, in year 10 students will be given an opportunity to build their own brand and make marketing materials to promote their product. In addition, pupils are actively encouraged to keep up to date with current affairs and class discussions about how these events affect businesses locally, nationally and internationally.
Examination Specification (4130)
Unit 1 - Setting up a Business (40% of final grade)
In this unit students will tackle issues that arise with the setting up of a business. They will learn about the how small businesses operate and examine factors that determine their success or failure. It will also encourage students to analyse how the business activity can impact different stakeholders.
Areas of study
- Types of ownership
- People in Business
- Operations Management
Unit 2 – Growing as a business (35% of final grade)
In this unit students will examine the implications a business is likely to face as they grow and expand. They will specifically look at barriers faced by multinational organisations as a result of globalisation. Students will often participate in class discussions that deal with current issues including the importance of European Union, ethical stance, inflation and exchange rate.
Areas of study
- Types of growth
- Marketing and sales promotions
- Financial statements
- Motivation and leadership
- Operation Management
Unit 3 - Investigating Business - Controlled Assessment (25% of final grade)
This unit is a controlled assessment unit. The work must be each candidate’s own individual response and must be produced under controlled conditions. The students will be set a research task based on one of the topics they have studied and they will have to write a report, recommending improvements to the business they have researched and present their findings in a report.
Economics and Business remains a popular course in the Sixth Form. It requires no previous experience in the subject and students are drawn from a wide range of academic backgrounds having studied quite different GCSE subjects. The subject is very much based in the real world and an interest in current affairs and a questioning mind are great assets to have when taking this subject. The main aims of Economics are to provide students with an understanding of economic techniques and concepts, and apply them to society, such as unemployment, inflation and environmental issues. It should promote economic thinking in students and develop their ability to communicate this in their writing and through the use of diagrams.
Why choose A-Level Economics
- Improve understanding of Economics and the implications on 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 independent, enquiring, critical thinker.
- Develop an understanding of current economic issues and the problems that affect the general public.
- Apply economic concepts and theories to different real life situations and understand the cost benefits of certain business decisions.
- Understand the role of government and how they can influence the market economy.
The Young Enterprise is a relatively new scheme introduced to the school that has been very successful for the school and students. It comprises of a group of 25 students setting up a private limited company that manufactures, markets and sells their own brand of goods.
At the end of the year students are expected to produce a 10 page report which includes financial statements; a 4 minute presentation and one on one questioning from experienced judges at their trade stand. The winning team will proceed through different stages of the competition eventually the winning team and school will then represent the UK in the European finals.
In our first year team ‘ACE’ produced an innovative product made from polyurethane gel that allows you to attach small electronic devices vertically to the wall. In our debut year ACE were crowned UK champions and 1st runners up in the European finals.
Last year team ‘Alpha’ produced an anti-theft backpack that safeguards your valuables due to the unique position of the zip on the inside of the bag rather than the outside. Although, Alpha won the area finals (Kingston & Richmond) and South London they lost at the London finals.
This year, team ‘Zenith’ has found a gap in the market and aims to tackle the 5p plastic bag charge with their pioneering product ‘bag-it’.