Curriculum Information by Subject

Economics and Business Studies

Economics and Business Studies

Economics and Business Studies

Economics - Key Stage 5
Business Studies - Key Stage 5

Economics - Key Stage 5

What do students study in lessons?

Unit 1: Markets and Market Failure
Students are introduced to microeconomics. This considerers particular parts of our economy and addresses issues such as “Why do house prices fluctuate so much?”, “Can pollution effectively be controlled?” and “Should governments interfere with markets?”

Unit 2: The National Economy
This unit takes a macroeconomic perspective covering issues including “Why does the Government have an inflation rate target and how does it affect us?”, “What happens to the economy if people decide to spend more?” and “How are we affected by the Chinese and Indian economies?”

Unit 3: Business Economics and the Distribution of Income
Here students consider the importance of the nature of competition between firms along with the implications of market forces for income and wealth inequality.

Unit 4: The National and International Economy
Students look at the challenges that face government in designing and implementing effective macroeconomic policy.

An important feature of both the A2 units is that in building on earlier ideas they are both taught and assessed in the context of the UK’s membership of the European Union in an increasingly globalising world economy.

 

Business Studies - Key Stage 5

What do students study in lessons?

Unit 1: Planning and Financing a Business
Students consider all the issues that face a business start-up. The unit includes information on the different types of business structure and an introduction to money matters

Unit 2: Managing a Business
This unit provides more knowledge on developing a business once it is established. It thinks about increasing profits, recruiting and managing employees, operations management (including customer service and technology), plus marketing.

Unit 3: Strategies for Success
This unit includes financial strategies to improve profits, strategies to take on the competition and operational strategies to improve products and employee relations. These are the four cornerstones of a successful business.

Unit 4: The Business Environment and Managing Change
This helps students to plan the vision of a business, and how to deal with the impact of economic, cultural, political or technological changes on an organisation.

An important feature of both the A2 units is that in building on earlier ideas they are both taught and assessed in the context of the UK’s membership of the European Union in an increasingly globalising world economy.