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Key Stage 5


 

A level Economics (B)

Exam board:        

EDEXCEL

Qualification:

A level

Entry Requirements:

Five GCSEs A*- C (you do not need to have a GCSE in Business Studies)

Grade B in GCSE English and Maths

Course Content:

The course combines elements of both Business Studies and Economics.  

The course is split into the following modules:-             AS: Theme 1: Markets, Consumers and Firms

                                                                                       AS: Theme 2: The Wider Economic Environment

                                                                                       A2: Theme 3: The Global Economy                                 

                                                                                       A2: Theme 4: Marking Markets Work

 

AS: Theme 2 : Markets, Consumers and Firms

Content Summary:

The unit covers the characteristics students would need to develop to be successful in business and how new or existing businesses generate their product or service ideas and test them through market research. Students should also consider the competition in the market; the economic climate; how the business might be financed and how much revenue the idea might generate.

Assessment:

Examination of 1hour 30minutes

AS: Theme 2 : The Wider Economic Environment

Content Summary:

This unit considers the market that the business may be operating in; how competition in the market and macroeconomic change is likely to affect it and how businesses can seek to minimise uncertainty throughout their actions.

Assessment:

Examination of 1hour 30minutes

A2: Theme 3: The Global Economy

Content Summary:

The aim of this unit is to introduce the student to the world of international business and issues which a company trading internationally would have to consider.

Assessment:

Examination of 2 hours

A2: Theme 4 : Making Markets Work

Content Summary:

In this unit, students consider why certain markets fail; how government decision making affects the economy and markets in which companies operate, and the income and welfare of private individuals. The unit should enable students to assess why government economic policy can succeed or fail and why regulation of some markets is necessary.

Assessment:

Examination of 2 hours

There is also a case study exam for 90 minutes.

Method of Teaching:

This course is based on current events and therefore much use if made of newspapers, magazines and TV programs. In addition, there are many investigations so use is made of the internet and CDROMs. To support students with their studies visits will take place in a local, national and international setting. Wherever it is possible great effort is made to relate the course to the students own experience. In lessons, discussion and debate are important techniques.

Should you do the course?

  • Yes, if you are interested in current affairs.
  • Yes, if you enjoy problem solving.
  • Yes, if you are independent and like to use your initiative.
  • Yes, if you are relatively organised
 

                     BTEC Diploma in Business

Exam Board:     

EDEXCEL

Qualification:

BTEC National Diploma (equivalent to 2 GCE A-Levels)

Entry Requirements:

Students must have a minimum of five GCSEs at grade C or above, including Math’s and English.

GCSE in Business studies would be beneficial but not essential.

You will complete 8 units across the two years:

Unit 1                    Exploring Business (coursework)

Unit 2                    Developing a Market Campaign (exam)

Unit 3                    Personal and Business Finance (exam)

Unit 4                    Managing an Event (coursework)

Unit 5                    International Business (coursework)

Unit 6                    Principles of Management (exam)

Unit 8                    Recruitment and Selection (coursework)

Unit 21                  Training and Development (coursework)

Teaching Methods:

The Diploma in Business is a course in which the focus is on the student. Learners will have to carry out investigations, solve problems and draw conclusions. Assignments are set wherever possible on real life situations. Learners will be required to carry out the investigations, visit firms, interview people, read articles in the press and business magazines, use case studies and textbooks.

The course is varied and the emphasis has to be on the vocational element. Part-time work would be an advantage. Students are encouraged to use a variety of I.T. skills particularly for presentation. The internet is a valuable resource for research.

Students taking this option will also take part in the Sixth Form Young Enterprise course delivered during the commentary studies program.

How will I be assessed?

This course is assessed by a combination of external exams (45%) and coursework units (55%). The advantage of this is that you will be continually assessed throughout the year, with the opportunity for students to receive feedback on assignments.

 Who should take a Diploma in Business?

A person who:

  • …prefers a combination of coursework and examined assessments;
  • …can work independently;
  • …can work as part of a team;
  • …can solve problems;
  • …can use their initiative;
  • …is organised and is able to meet deadlines;
  • …has an interest in the way businesses operate;
  • …is considering studying a Business course at University.
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