Business and Economics

Business and Economics

“We are currently preparing students for jobs that don’t yet exist, using technologies that haven’t been invented, in order to solve problems we don’t even know are problems yet.” Richard Riley, former US Secretary of Education.

 

 

Business and Economics

Our department wishes to build a brand of students who are able to succeed in the real-world business environment both, academically and through the wider attributes students will develop.

The Business and Economics faculty is a thriving entity that develops core business and economic knowledge and applies current and relevant examples into our teachings. We aim to develop a mindset that encourages critical thinking and confidence in our students that shapes the next generation of entrepreneurs.

It has never been of more importance for young minds to have an understanding of the business and economic environment and the implications that this has on them currently and in future. Recent events such as Brexit, Covid-19 and the changing of leadership in foreign countries has created a very dynamic environment in which we live and will inevitably lead to consequences that impact on our prosperity. Our ability to trade freely within the EU has been compromised and this will impact on duties, fees and potentially the exchange rate with other currencies. The reduced interest rates by the Bank of England have led to lower mortgage repayments, increased borrowing and encouraging spending of households. Additionally, the restrictions by the government will impact on the human capital of the UK economy and our ability to compete on an international scale. Business, economics and travel has never been of such importance.

There are four teachers in the faculty, each with their own specialisms and degrees of real-life experience operating within business which allows us to successfully deliver the subjects with a personal touch and insight.

KS4

AQA GCSE Business

Year 9

  • The reasons that businesses exist
  • Types of legal structures in business
  • Business plans
  • Different stakeholders in business
  • Business growth

Year 10

  • Organisational structures
  • Process of recruitment and documents
  • Financial and non-financial motivation
  • Types of training
  • Production processes
  • Just-in-time production
  • Quality
  • Customer service
  • External impacts on business

Year 11

  • Identifying customer needs
  • Market research
  • Market segmentation
  • Pricing strategies
  • Promotional methods
  • Place
  • Produce life cycle
  • Boston matrix
  • Sources of finance
  • Costs, revenues and profit
  • Cash flow forecasting
  • Average rate of return
  • Financial statements
  • Understanding financial ratios

 

AQA GCSE Economics

Year 9

  • Introduction to economics
  • Factors of production
  • How prices are determined
  • The UK national economy
  • Government objectives

Year 10

  • Production, costs and revenues
  • Competitive and concentrated markets
  • Conflicts in government objectives
  • Government intervention in the economy

Year 11

  • Competitive and concentrated markets cont.
  • Labour market
  • Market failure
  • International trade
  • The role of money and financial markets

 

Edexcel BTEC Travel & Tourism

Year 9

  • The importance of the UK as a tourist destination – learners will investigate and analyse the UK as a tourist destination for both inbound and domestic tourists. They will develop knowledge of how to carry out research, apply geographical knowledge and meet financial and client requirements in order to fulfil a given In order to support the development of knowledge and skill.

Year 10

  • Component 1 – TRAVEL AND TOURISM ORGANISATIONS AND DESTINATIONS
  • Component 3 – CUSTOMER NEEDS IN TRAVEL AND TOURISM

Year 11

  • Component 2 – Exam, INFLUENCES ON GLOBAL TRAVEL AND TOURISM

KS5

AQA A Level Business

Year 12

  • Nature and purpose of business
  • Management and leadership
  • Legal structures
  • Influences on marketing decisions
  • Influences on financial decisions
  • Influences on operational decisions
  • Influences on HR decisions

Year 13

  • Mission, corporate aims and strategy
  • Analysing the strategic position of a business
  • Choosing strategic direction
  • Strategic methods: how to pursue strategies
  • Managing strategic change

 

AQA A Level Economics

Year 12

  • Introduction to economics
  • Factors of production
  • How prices are determined
  • Concentrated and competitive markets
  • Market failure
  • The measurement of macroeconomic performance
  • The circular flow of income
  • AD/AS analysis
  • Economic performance

Year 13

  • Behavioural economics
  • Distribution of income and wealth
  • Market failure
  • Methods of government intervention
  • Economic growth and inflation and unemployment
  • Financial and monetary markets
  • Fiscal policy
  • Globalisation
  • Economic development

 

Edexcel BTEC Business L3

Year 12

  • Investigating business
  • Aims and business success
  • Innovation and marketing
  • The extended marketing mix

Year 13

  • Business and personal finance
  • Recruitment and selection
  • Interviews and final examination preparation

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