Business Studies and Economics

GCSE Business Studies

Examination board: OCR

Aims and outline of the Course:
Business Studies involves the investigation of how enterprise adds value by organising the production of goods and services. Using case studies, Business Studies ensures that students have knowledge, understanding and experience of the real world of business organisation.  The subject content attempts to match the way the real world of business operates and includes the external environment, the ownership and control of business, the aims and objectives of business, the management of people within a business, finance, production and marketing.
The course employs an analytical, evaluative and investigative approach to the study of Business Studies with the integration of Information Technology. This will require students to both understand the dynamic environment in which businesses operate to be able to appreciate the many varied factors that impact upon business activity and behaviour in the twenty-first century.

Subject Specific Skills Taught:

  • Problem solving e.g. researching business problems
  • Decision making within business context
  • Evaluate qualitative and quantitative data
  • Creative and imaginative e.g. simulation exercises based on Apprentice and Dragons’ Den-style type tasks.
  • Business communication
  • Distinguish between fact and opinion

Outline of Assessment Procedure:
Unit A291 Marketing and enterprise
Controlled assessment

  • Approx 16 hours 60 marks
  • 25% of the qualification
  • Candidates select one of the two controlled assessment tasks made available by OCR.

Unit A292 Business and people
Written paper

  • 1 hour 60 marks
  • 25% of the qualification
  • Question paper: 2 short-answer data-response questions. Candidates answer both questions.

Unit A293 Production, finance and the external business environment
Written paper

  • 1 hour 30 mins 90 marks
  • 50% of the qualification
  • Question paper: 3 questions based on a pre-released case study. Candidates answer all questions.

Career Opportunities:
Business Studies is useful and relevant for any type of organisation or career choice.  Clearly, marketing, finance, personnel and production related careers specifically involve areas that students may learn about on a business course.
The following link will take you to the examination board specification:
http://www.ocr.org.uk/qualifications/gcse-business-studies-j253-from-2012/

Further information about the course can be found there.

 

A Level Economics B

Examination board: Edexcel

Aims and outline of the Course:
The advanced GCE in Economics B comprises of both theoretical elements of Economics combined with the more practical understanding of economics and business. Therefore, the Economics B A Level develops and number of important skills that will help students progress in their careers. Such skills include; excellent communication skills, numeracy, in depth analysis of data as well as the ability to analyse and evaluate the outcomes of a variety of economic situations. An interest in current affairs related to the economy and the business environment will be beneficial, but it is not necessary to have studied either subject at GCSE level.
Students learn about the market economy and how market forces shape the way in which firms meet consumer demand, how business growth and competitive advantage lead naturally to the ways in which consumers are influenced by and respond to changes in income. Students will develop an understanding of the meaning of globalisation and will be able to investigate competition and market power, as well as other aspects of market failure.
The course is divided into four other themes:

  • Theme 1: Markets, consumers and firms
  • Theme 2: The wider economic environment
  • Theme 3: The global economy
  • Theme 4: Making markets works.

Themes 1 and 2 will be studied in Year 12 and Themes 3 and 4 will be studied in year 13.

Subject Specific Skills Taught:

  • Application of key economic theory to all kinds of real-life scenarios
  • Decision making within a business and wider economic context
  • Evaluate qualitative and quantitative data
  • An appreciation of the trade-offs between various courses of action

Outline of Assessment Procedure:
Students will demonstrate their awareness of current economic events and policies and be assessed by 3 externally examined papers in May/June in any single year (at the end of Year 13). All papers are 2 hours long.

  • Paper 1 will assess markets and questions will be drawn from Themes 1 and 4.
  • Paper 2 will assess the global economic environment and questions will be drawn from Themes 2 and 3.
  • Paper 3 will be assessed using a pre-released document. Students are required to apply their knowledge and understanding from Themes 1, 2, 3 and 4.

Career Opportunities:
Economics is useful and relevant for any type of organisation or career choice.  Clearly, marketing, finance, personnel and production related careers specifically involve areas that students may learn about on a Economics course.
The following link will take you to the examination board specification:
https://qualifications.pearson.com/en/qualifications/edexcel-a-levels/economics-b-2015.html
Further information about the course can be found there.

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