Business & Economics

Business & Economics:

Business and Economics are popular subjects at this high performing grammar school. The teaching room is equipped with an interactive whiteboard, projector and DVD player and there is excellent access to ICT provision. 

There are opportunities for Key Stage 3 students to take part in the national “Tenner Tycoon” competition and in Key Stage 4, all students are eligible to take part in the IFS Student Investor competition.  In the 6th form, Year 12 and 13 students can participate in the Young Co-operatives business enterprise project wherein they set up and run their own business. 

Business Year 12

Students begin by examining entrepreneurship and the setting up of new businesses. They consider how new businesses generate ideas for their product or service and test them through market research.  They go on to look at the sources of finance available to new businesses, competition, the costs, revenues and profits of businesses and the economic environment in which they operate.  In the second unit, students make a detailed study of the four functional areas of a business: finance, human resources, marketing and operations.

Business Year 13

International business is the initial focus for year 13.  Students find out about the reasons for and constraints upon international trade and the strategies adopted by a range of businesses in different countries.  Students also consider the causes and effects of globalisation.  The final unit of the A level focuses upon the strategies employed by businesses in order to achieve their objectives and decision making techniques employed by businesses.

Year 12 Economics

Students learn about different ways of allocating scarce resources and study the operation of markets in detail, including why markets sometimes fail and what can be done about this failure.  They go on to study what governments attempt to achieve through their economic policies and they learn about the influences on and the effects of international trade.

Year 13 Economics

Students begin by examining the demand for and the supply of labour and how governments can intervene when markets fail.  Students then focus on the costs, revenues and profits of firms and how this affects markets in the leisure industry.  In the final part of the course, students consider the recent economic performance of the UK, international trade in theory and practice and the economics of developing countries.