Business Studies/Economics

Business Studies/Economics

Head of Department – Ms S. Aziz

At TBGS, Economics & Business is solely a Sixth Form department. It is a small but vibrant department that prides itself on helping students develop skills that will allow them to look behind the façade of news headlines and critique them. It is department that encourages students to think outside the straitjacket of convention, to challenge populist beliefs with the tools of reason and logic and, above all to look make aware decisions and be wary of information failure.

We try to give them the tools with which to analyse and evaluate all socio economic phenomenon, and thus look at decision making, whether on a macro or micro level, through a multi-faceted lens; this facilitates plurality of views and the recognition that most issues are seldom black and white and there is seldom a right or wrong answer.

Students are encouraged to embrace the subjects that underpin politics and are integral in determining the multi-hued tapestry of life around us , both global and local, as existing alongside politics. To this end, the department runs an Economics Society, eSoc; where students are provided the opportunity to discuss issues as wide-ranging as whether NATO members should increase spending on defence to has the Universal Credit Scheme been successful from an economist’s perspective.

The aim is to allow students to become aware, independent-minded individuals who are leaders not followers.

The departmental ethos is one of high expectations from students and staff alike. We want our students to be ambitious, proactive and enthusiastic for only then can they truly enjoy a subject which is multi-faceted and dynamic in all respects.

Teaching is rigorous and robust and nearly 25% plus of the 6thForm opt to read Business and Economics course at university.

 


A-Level Business 
EXAMINATION BOARD – Edexcel

Business Studies offers a chance to develop life skills and to understand the basics of how business entities are run. In today’s world of shareholder activism and changes in the retail environment as we move from the traditional Bricks and Mortar stores to online retail. The challenges a business has to face in this swiftly changing landscape and the means to carry out a health check on any business will be covered in this course. Given that majority of our students go on to do business related courses, this is a stepping stone towards it.

Results in previous years have been good and candidates have gone on to join prestigious universities like Bath, Bristol and Leeds. 

THE COURSE

Business Studies aims to provide the student with some of the basic factual information surrounding businesses and their operations. It examines the objectives of business organisations and how these objectives are attained. The course is not intended to be vocational but aims to make candidates aware of all it involves in terms of strategy, workforce management and the wider world. It will enable the student to examine the aims, objectives and practices of business organisations from economic, environmental and social aspects, understanding the point of view of the nation, local community, industry, proprietors, management, employees and consumers.

ENTRANCE REQUIREMENTS

Previous examination is not required although candidates must have good numeracy and literacy skills.

A brief summary of some of the major areas covered in the Business Studies course are as follows:-

  • The problems of setting up a business, including location and management structures.
  • The need for effective communication and the uses of new technology.
  • The study of how firms organise efficient production to satisfy customers. This will include stock control, quality management, capacity utilisation and lean production methods.
  • Interpreting accounting reports and financial reports, to be able to say whether a firm is doing well or badly from the published accounts of that firm.
  • Marketing, including price, quality, packaging, advertising, distribution and transportation.
  • Manpower, including recruitment, training, bargaining and motivation.
  • Economic considerations and international trading.
  • Government policy.
  • Legal and social considerations.

ASSESSMENT A-Level

 

 

 

 

ORGANISATION OF WORK

Although regular weekly assignments are set throughout the course, dedicated students must be keen to supplement specific class and homework activities with individual research and investigation from books, journals, newspapers, computer based resources, television reports and video tapes. A lively interest in current affairs is essential.


Why do A-Level Economics?

Economics is about scarcity and choice, and the impact of our choices on each other. It relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and firms. An economic way of thinking can help people to make better choices. Economics is the right subject for you if you enjoy:

  • debating economic issues such as inequality, immigration and how we should pay for healthcare
  • using and interpreting data to analyse economic problems
  • discussing alternative courses of action for example in the Budget or when setting interest rates
  • understanding international trends, such as why poverty is falling so fast around the globe.

Most students at A Level haven’t studied economics before. You might have an interest in economics and want to know more about the impact of government policies on the world around you. You might want to investigate some of the stories you hear in the news – Why do some economies grow and others don’t? What will trade be like after Brexit? Will there be another global financial crisis? This course will help you to understand all this and more.

Studying economics will help you develop transferable skills that will prepare you for studying at university or moving into the world of work. These include skills in data interpretation and essay writing.

With an Economics A Level and related degree you can work in a variety of different fields from stock broking, finance and banking, public policy, sales and marketing, civil service, journalism, insurance and actuarial work. Five years after graduation, the income gap between students who studied the subjects that attract the highest and lowest salaries can be considerable. Economics comes second highest after medicine and dentistry, taking home an average of £40,000 five years after graduation, according to the IFS in 2017.

The most important thing is that you enjoy what you study, and do not feel that you need to understand everything the first time that you see it. Economics gets your brain “muscle” working! “It’s a great subject for those with questioning minds, curious about what goes on around them. And what’s more, it’s fun!” Lucy Rock, News Editor, The Observer

EXAMINATION BOARD – AQA 7136

ENTRANCE REQUIREMENTS

Previous examination is not required although candidates must have good numeracy and literacy skills.

THE COURSE

Major areas of the course are:

  • The Market system, price determination and market failure
  • Business Economics –oligopolies, monopolies and competition.
  • Wage determination, trade unions and labour market failure
  • The Macro-economy- the UK and its interaction with the global economy. 

ASSESSMENT – A-LEVEL