Business and Economics
Due to the popularity of this subject and the introduction of the International Baccalaureate Economics, our ever-expanding department consists of five exceptional teachers with a wealth of experience and expertise in Business and Economics.
Year 9: Business, Economics and Finance Course Outline
Goal: To introduce students to the topics of Business and Economics and to develop their Financial Numeracy and understanding.
• Understanding Business Activity
• Enterprise and Entrepreneurism
• Profit and Costs
• Share Game
• Introduction to Economics
Highlights: Factors of Production Poster, Entrepreneur Research Project, Share Game, Snickers and Lobsters Game.
Highlights: Snack-Attack Fairtrade Project, researching and designing packaging and marketing campaign.
• Savings and Loans
• Pensions and Taxes
• International Economics
Highlights: Where and how shall I save research project. How shall we pay for it research project.
The course is supplemented by real life examples, guest speakers, and visits to local contributors.
Students are expected to contribute to class discussions and to utilize their ICT skills in researching and presenting their work.
We aim to fire students’ enthusiasm for Business, Economics and Finance by developing their understanding and applying it to the real world in which students live.
In the Senior School, the iGCSE in Business Studies follows the Cambridge syllabus. It is not necessary to have studied Business Studies in Year 9 to be highly successful in this course.
The Business Studies course that we follow includes all of the topics of the national criteria for Business Studies and the textbook has been specifically produced to meet the requirements of an iGCSE course.
The main topics are:
- Enterprise (setting up a small business)
- Marketing (including Pricing, Promotion)
- Production (including Efficiency, Location)
- Finance (including Accounting)
- Management of People (including Motivation, Industrial Relations)
- External Environment (including Economic Issues, Business Ethics)
Throughout the course we would expect pupils to make regular reference to the real world of business (both domestically and in an international context) and to use information from newspapers and other up-to-date sources. The specification will offer opportunities to develop core ‘key skills’ (IT, Application of Number, Communication) as well as contribute to the understanding of ‘Citizenship’ issues on topics such as the role of the economy and UK relations in Europe.
The course it taught in an interactive way using a combination of traditional teaching techniques, technology, interaction and student led learning. Students are expected to take responsibility for their own learning and to push themselves to a high standard. This course provides a foundation in business knowledge which is vital to any entrepreneur and important to any career.
In the Sixth Form, students can choose to study A Level Business or Economics or IB Economics. Pupils explore the ever-changing global economic climate and the various issues faced by today’s commercial world through topical and theoretical material, as well as participating in enthusiastic debate.