Business Studies & Economics

Economics and business are hot topics and affect all our lives every day. Students will gain the opportunity to study and investigate real life business and economic issues and apply them to all aspects of their academic and personal lives.

Our aim is to provide all our students not only with the core understanding of business and economics, but instil a passion and interest that continues outside of the classroom. We have incredibly high expectations and we encourage all our students to think independently, be challenged and achieve highly.

Students flourish in our dynamic department and develop understanding of knowledge and skills which can be used across the curriculum and in their own lives.

We welcome visitors and speakers to all our courses so if you would like to be involved please get in touch by tweeting us or email

 

Meet the Staff

All members of the Business and Economics team were industry professionals before pursuing a career in teaching.

Mrs A Wickson: Head of BEC Faculty

Miss N Oliver: Business, Economics and Computing Teacher

Miss H Stafford: Business Teacher

Follow our business and economics teachers on Twitter!

Mrs Wickson @bizatthebox

 

Business Studies & Economics at KS3

Business and Economics is currently not offered at KS3. Students have to opportunity to study money management through our PSHE programme and take part in the KS3 Dragon Den competition which is run throughout the summer term.

 

Business Studies & Economics at KS4

GCSE Edexcel Business

In Year 10 students will study the following units:

Theme 1 - Investigating small business:

  • Topic 1.1 Enterprise and entrepreneurship
  • Topic 1.2 Spotting a business opportunity
  • Topic 1.3 Putting a business idea into practice
  • Topic 1.4 Making the business effective
  • Topic 1.5 Understanding external influences on business

 

In Year 11, students will study the following units:

Theme 2 - Building a business:

  • Topic 2.1 Growing the business
  • Topic 2.2 Making marketing decisions
  • Topic 2.3 Making operational decisions
  • Topic 2.4 Making financial decisions
  • Topic 2.5 Making human resource decisions

 

ASSESSMENT AND EXAMINATION

GCSE Business Studies follows the specification set by the exam board Edexcel (1BS0) and students are assessed at the end of year 11 by 2, hour and 30 minute examinations:

Exam 1: Based on theme 1 topics, 1 hour 30 minutes written examination, worth 50% of the qualification

Exam 2: Based on theme 2 topics, 1 hour 30 minutes written examination, worth 50% of the qualification

EACH paper is divided into three sections:

  • Section A: 35 marks
  • Section B: 30 marks
  • Section C: 25 marks

The paper will consist of calculations, multiple-choice, short-answer and extended-writing questions. Questions in Sections B and C will be based on business contexts given in the paper.

Students are also regularly assessed each term. All students will have key terms tests to check understanding of core knowledge and end of unit assessment. Class teachers will set additional questions, designed to build up capability and confidence for the essay based exam papers.

 

Homework requirements

Students will be set at least one hour of homework each week.  Homework tasks include:

  • Key term revision

  • Practice questions

  • Investigations, research

  • Analysis and evaluation tasks

  • Individual and group projects

  • Creating quizzes, questions and tasks

 

Edexcel Business Studies KS5

Theme 1:

Marketing and People

  • Meeting customer needs
  • The Market
  • Marketing Mix and strategy
  • Managing people
  • Entrepreneurs and leaders

Theme 2:

Managing Business Activities

  • Raising finance
  • Financial planning
  • Managing finance
  • Resource management
  • External influences

Theme 3:

Business Decisions and Strategy

(Follows on from Theme 2)

  • Business objectives and strategy
  • Business growth
  • Decision-making techniques
  • Influences on business decisions
  • Assessing competitiveness
  • Managing change

Theme 4:

Global Business

(Follows on from Theme 1)

  • Globalisation
  • Global markets and business expansion
  • Global marketing
  • Global industries and companies

 

 

Course Assessment

Paper 1:

Marketing, People and Global Businesses 

What’s assessed – Themes 1 and 4, and from local, national and global contexts

Written exam – 2 hours (35% of A level). 100 marks available.

Sections A and B each comprise one data response question broken down into a number of parts, including one extended open-response question.

Paper 2:

Business Activities, Decisions and Strategy 

What’s assessed – Themes 2 and 3, and from local, national and global contexts

Written exam – 2 hours (35% of A level). 100 marks available.

Sections A and B each comprise one data response question broken down into a number of parts, including one extended open-response question.

Paper 3:

Investigating Business in a Competitive Environment

What’s assessed – all topics

Written exam – 2 hours (30% of A level). 100 marks available.

Pre-release context will be released in the November before the exam. Section A will focus on the broad context provided. Section B will focus on at least one strand within the context provided, such as a particular business.

 

BTEC Level 3 Diploma in Business

BTEC Business is an alternative qualification to A levels and the course we do at Henry Box School is equivalent to 2 A levels.  It analyses a wide range of business topics including setting up a business, finance, marketing and international business.

Below is a list of the compulsory modules that are completed over the 2 years:

  • Exploring Business
  • Developing a Marketing Campaign
  • Personal and Business Finance
  • Managing an Event
  • International Business
  • Principles of Management

There are also 2 extra modules that are chosen from a range of available topics, currently we are doing the following modules:

  • Team Building in Business
  • Visual Merchandising

Throughout the 2 years you will be expected to sit 2 controlled assessment style modules (Developing a Marketing Campaign and Principles of Management) and one exam (Personal and Business Finance).  All other modules will be conducted internally.

For more information, please visit:

Pearson BTEC Nationals

 

EDEXCEL ECONOMICS KS5

Theme 1:

Introduction to Markets and Market Failure

  • The nature of economics
  • How markets work
  • Market failure
  • Government intervention

 

Theme 2:

The UK Economy - Performance and Policies

  • Measures of economic performance
  • Aggregate demand
  • Aggregate supply
  • National income
  • Economic growth
  • Macroeconomic policy and objectives

Theme 3:

Business Behaviour and the Labour Market

(Follows on from Theme 1)

  • Business growth
  • Business objectives
  • Revenues, costs and profits
  • Market structures
  • Labour market
  • Government intervention

Theme 4:

A Global Perspective

(Follows on from Theme 2)

  • International economies
  • Poverty and inequality
  • Emerging and developing economies
  • The financial sector
  • Role of the state in the macroeconomy

 

 

Course Assessment

Paper 1:

Markets and Business Behaviour 

What’s assessed – microeconomics from themes 1 and 3

Written exam – 2 hours (35% of A level). 100 marks available.

Section A comprises a range of multiple choice and short answer questions. Section B comprises one data response question, broken down into a number of parts. Section C comprises a choice of extended open-response questions; students select one from a choice of two.

Paper 2:

The National and Global Economy 

What’s assessed – macroeconomics from themes 2 and 4

Written exam – 2 hours (35% of A level). 100 marks available.

Section A comprises a range of multiple choice and short answer questions. Section B comprises one data response question, broken down into a number of parts. Section C comprises a choice of extended open-response questions; students select one from a choice of two.

Paper 3:

Microeconomics and Macroeconomics

What’s assessed – all four themes.

Written exam – 2 hours (30% of A level). 100 marks available

Students are required to apply their knowledge and understanding, make connections and transfer higher-order skills across all four themes.

The paper comprises two sections. Each section comprises one data response question broken down into a number of parts, including a choice of extended open-response questions; students select one from a choice of two.

 

Homework requirements

Students will be set at least four hours of homework each week.  Homework tasks include:

  • Key term revision

  • Practice questions

  • Investigations, research

  • Analysis and evaluation tasks

  • Individual and group projects

  • Creating quizzes, questions and tasks

 

Enrichment

We offer extensive enrichment opportunities for all students. At KS3 students have the opportunity to compete in a Dragons' Den competition.

At KS4, business students’ learning is enhanced by regular projects based on real life business in the Witney area and globally. Workshops and talks are also given by business people from a wide range of backgrounds and topics including digital printing, logistics and retail. In Year 10, learning is based around creating a business plan, culminating in a presentation event of their business plans in the summer term.

At KS5, business students learning is also based around real life businesses both locally and globally. Students also take part in a Dragons’ Den competition in December, which complements their first unit of study. Every year we take two teams to take part in the ICAW BASE Accounting Competition and students are given the opportunity to take part in the IFS Investor Challenge.

Our economists’ learning is also based around current affairs and at A2, students compete in the Bank of England Target 2.0 where a team of students assume the role of the Monetary Policy Committee and have to make a presentation of what The Bank of England should do with the current interest rate using up to date economic knowledge and data.

All our A2 students are regularly invited to take part in workshops and lectures which are crucial in their final units which are based around their application to real life business and economic conditions. Recent lectures and workshops have included Hunts Printing, Hegele Logistics, Charles Stanley Investment Bakers, Supergroup, Rooster UK Retail Consultancy and Coaching, Siemans and Handelsbanken.

 

After School Clubs offered

All teachers provide one to one support with students when required and there is a clinic once a week to help with homework or any other issues. Revision workshops and clinics are run before summer exams where students are expected to complete extension work at home in preparation.

 

Useful links

Mrs Wickson has a Scoop-it page to support, challenge and extend all business and economics students’ learning.  

 

Useful websites

tutor2u

BBC Bitesize GCSE Business

S-cool

Business Ed

BBC News - Business

Independent Business

The Gauardian News - Business