Business and Economics

Staff members:

  • Mr S Pegg – Head of Business and Economics
  • Miss F Bailey – Teacher of Business and Assistant Headteacher
  • Mr P Ashford – Teacher of Economics
  • Mrs S Nagra – Teacher of Business, ICT and Health and Social Care
  • Mrs C Pope – Teacher of Business and Sociology

Business Education Teaching:

GCSE Business Studies and BTEC Business are offered as options at Key Stage 4, with  Business Studies and Economics being offered as options at Key Stage 5.

The department’s key objectives are to provide:

  • A well-resourced environment in which quality teaching and effective learning take place
  • A curriculum that seeks to develop to the full the potential of each pupil
  • A caring environment which recognises the worth of each individual
  • A team that prepares its pupils for the future.

Key Stage 3:

The department is involved in helping with the delivery of Enterprise activities with Year 8 & Year 9 pupils and the Young Enterprise sponsored “Tenner Challenge”

Business at Key Stage 4:

The following are available as Key Stage 4 options:

a)      GCSE – Business Studies (Edexcel Examination Board)

Topics of study include

“An Introduction to Small Business”

  • Spotting a business opportunity
  • Showing enterprise
  • Putting a business idea into practice
  • Making the start-up effective
  • Understanding the economic context

“Building a Business”

  • Marketing
  • Meeting customer needs
  • Effective financial management
  • Effective people management
  • The wider world affecting business.

Examinations include:

  1. Compulsory objective test and multiple choice questions “introduction to Small Business  (25%)
  2. A controlled assessment based on researching a small, local business (25%)
  3. A traditional written paper “Building a Business” (50%)

b)     BTEC First Award in Business – (Edexcel Examination Board)

Topics of study include:

  • Enterprise in the business world (Portfolio assessment – 25%)
  • Finance for business (On-screen assessment – 25%)
  • Promoting a brand (Portfolio assessment – 25%)
  • Principles of customer service (Portfolio assessment – 25%)

Business and Economics at Key Stage 5:

The following are available as Key Stage 5 options:

a)       Business Studies (AQA Examination Board)

AS Level

Topics of study include

“Planning and Financing a Business”

  • Starting a business
  • Financial Planning

“Managing a Business”

  • Finance
  • People in business
  • Operations management
  • Marketing and the competitive environment

Examinations include

  • Short answer questions and extended responses based on a mini case study  & compulsory, multi-part data response questions.

A Level

Topics of study include

“Strategies for Success”

  • Functional objectives and strategies
  • Financial strategies and accounts
  • Marketing strategies
  • Operational strategies
  • Human resource strategies

“The Business Environment and Managing Change”

  • Corporate aims and objectives
  • Assessing changes in the business environment
  • Managing change

Examinations include

  • Extended answers based on an unseen case study drawing upon knowledge from AS units & pre-release research tasks and a choice of essays drawing upon knowledge from all four AS and A Level units.

b)      Economics (AQA Examination Board)

AS Level

Topics of study include

“Markets and Market Failure”

  • The economic problem
  • The allocation of resources in competitive markets
  • Production and efficiency
  • Market failure
  • Government intervention in the market

“The National Economy”

  • The measurement of macroeconomic performance
  • How the macroeconomy works; AD/AS analysis, the circular flow of income and related concepts
  • Economic performance
  • Macroeconomic policy

Examination include

  • Answering a mixture of compulsory objective test questions and a choice of one of two data response questions.

A Level

Topics of study include

“Business Economics and the Distribution of Income”

  • The Firm:  Objectives, costs and revenue
  • Competitive markets
  • Concentrated markets
  • The Labour market
  • Government intervention in the market

“The National and International Economy”

  • Macroeconomic indicators
  • Managing the national economy
  • The international economy

Examinations include

  • Answering one of two data response questions and one of three essay questions

Over and above these curriculum options, the department is keen to allow the students to develop a deeper understanding of the business world through involvement in activities in the local community such as trying to save Wotton Cinema and the Wotton teenager project, and competitions such as The Student Investor challenge, The Real Business Challenge, Target 2.0 (an economics competition run by the Bank of England), and The National Business Competition for schools run by the ICAEW.