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Business Studies & Economics

The BTEC in Business has been designed to provide a focused vocational qualification. The qualification will provide students with the knowledge, understanding and skills necessary to prepare them for employment or higher education. The course has an essential core of knowledge and applied skills. The essential core gives learners the opportunity to gain a broad understanding and knowledge of a vocational sector.

The optional units provide a closer focus on Business studies, supporting progression onto a university course or into a work based apprenticeship.

Overall, the course has been developed to encourage students’ personal development of knowledge and skills relevant to the business world through practical participation in a range of vocational business activities.

KEY STAGE 4

At CFGS our Business studies department operates a 2 year Tech Award program in year 10 and 11 form designed to be accompanied by studies in additional subjects.  As part of their course All students should experience the following activities:

  • Discussion - one to one or in groups
  • Research – group or individual using a variety of methods
  • Report writing – manually or using ICT
  • Presentations – in groups or individually
  • Practical work
  • Display work
  • Visits to organisations/companies
  • Work with visitors

The course includes an one externally assessed unit in Finance and marketing and two further units covering Business aims and objectives and how to successfully pitch a business idea. Learners receive feedback on their progress throughout the course as they provide evidence towards the assessment criteria.

KS4 OVERVIEW AND ASSESSMENTS 

TERM YEAR 10 YEAR 11
Autumn Term 1 and 2 Component one: Exploring Enterprises Component 3:  Promotion and Finance for Enterprise
Spring Term 1 Component one: Exploring Enterprises Component 3:  Promotion and Finance for Enterprise
Spring Term 2 Component : Planning and Running an Enterprise Component 3:  Promotion and Finance for Enterprise
Summer Term 1 Component : Planning and Running an Enterprise Component 3:  Promotion and Finance for Enterprise
Summer Term  2  Component : Planning and Running an Enterprise  

EXAM BOARD AND WEIGHTINGS

BTEC Technical Award in Enterprise 

ENRICHMENT OPPORTUNITIES AT KEYSTAGE 4

  • Visits to local businesses
  • An opportunity to come up with your own business idea to pitch for finance (Similar to Dragons Den)
  • Independent research on local entrepreneurs

USEFUL WEBSITES, RESOURCES, REVISION MATERIALS AND EXEMPLAR WORK

Pearson BTEC Tech Awards Enterprise 

KEY STAGE 5

The BTEC Level 3 National can be taken as either a single or triple A level equivalent and will have either between two or four externally assessed units depending on the size of the qualification making up 25% of the coverall course. The other units are internally assessed by completing coursework assignments set by your teacher, based on the learning outcomes set by the awarding body.

The units covered across two years for the Single A level equivalent qualification (Extended Certificate)  are:

Unit 1 : Exploring Business

Unit 2: Developing a Marketing Campaign

Unit 3: Personal and Business Finance

Unit 27: Work Experience in Business

 

The units covered across the two years of the Triple A level equivalent (Extended Diploma) are:

 Unit 1 : Exploring Business

Unit 2: Developing a Marketing Campaign

Unit 3: Personal and Business Finance

Unit 4: Managing an Event

Unit 5: International Business

Unit 6: Principles of Management

Unit 7: Business Decision Making

Unit 8: Recruitment and Selection Process

Unit 16: Visual Merchandise

Unit 21: Training and Development

Unit 27: Work Experience in Business

Unit 31: Effective Management of Personal Debt

Unit 35: Insurance Principles and Policies

 

KS5 OVERVIEW AND ASSESSMENTS 

TERM YEAR 12 YEAR 13
Autumn Term 1 and 2

Unit 1 : Exploring Business

Unit 2: Developing a Marketing Campaign

Unit 6: Principles of Management

Unit 4: Managing an Event

Unit 6: Principles of Management

Unit 8: Recruitment and Selection Process

Unit 21: Training and Development

Unit 3: Personal and Business Finance

Unit 5: International Business

Unit 16: Visual Merchandise

Unit 35: Insurance Principles and Policies
Spring Term 1

Unit 1 : Exploring Business

Unit 6: Principles of Management

Unit 4: Managing an Event

Unit 6: Principles of Management

Unit 8: Recruitment and Selection Process

Unit 21: Training and Development

Unit 5: International Business

Unit 16: Visual Merchandise

Unit 35: Insurance Principles and Policies
Spring Term 2

Unit 6: Principles of Management

Unit 4: Managing an Event

Unit 6: Principles of Management

Unit 31: Effective Management of Personal Debt

Unit 5: International Business

Unit 35: Insurance Principles and Policies

Summer Term 1

Unit 6: Principles of Management

Unit 4: Managing an Event

Unit 6: Principles of Management

Unit 31: Effective Management of Personal Debt

Unit 5: International Business

Summer Term 2

Unit 27: Work Experience in Business

Unit 21: Training and Development

Unit 31: Effective Management of Personal Debt

 

EXAM BOARD AND WEIGHTINGS

Edexcel.  25% of overall grade comes from External exams.  75% comes from Coursework.

ENRICHMENT OPPORTUNITIES AT KEYSTAGE 5 

  • 1 week of work experience
  • Opportunities for workplace visits
  • Opportunities for career workshops
  • Opportunities to join a share portfolio club

USEFUL WEBSITES, RESOURCES, REVISION MATERIALS AND EXEMPLAR WORK

Pearson BTEC Nationals Business (2016)

Please contact us at Business@central.towerhamlets.sch.uk

 

ECONOMICS

Economics is offered as an A Level at CFGS.  It is studied across two years in the sixth form with three exams undertaken at the end of year 13.

It is a rigorous academic subject which is well respected by both universities and employers. Therefore to be successful it requires dedication and a great deal of time spent on mastering the theory. It requires a good level of numeracy and literacy skills including equations, calculations, working with statistical data and a large amount of interpreting and manipulating graphs and models.

Economics is the study of how people choose to use resources, including land, buildings, labour, equipment, tools and knowledge. Should we devote more resources to healthcare or to defence? Should we use resources to produce more cars or to produce more iPods? Individuals have to make decisions as well. Should I spend my income on a new kitchen or on a holiday? Should I go to university or go straight into employment?

The aim of the subject is for students to understand how economic decisions are made and how economics can help to solve problems like pollution, unemployment and inefficiency. Economics requires students to think analytically and form opinions on the key economic debates of the moment.

Students study micro and macroeconomics. Microeconomics addresses individual markets and issues such as: ‘Why are house prices so high?’, ‘Can pollution effectively be controlled?’ and ‘Should governments interfere with markets?’. The macroeconomic issues look at the whole economy and cover: ‘Why does the government have an inflation rate target and how does it affect us?’, ‘What happens to the economy if people decide to spend more?’ and ‘How are we affected by the Chinese and Indian economies?’

KEYSTAGE 5 

At CFGS our Business studies department operate a 2 year Economics A Level program in year 12 and 13 form designed to be accompanied by studies in additional A level subjects or level 3 BTECs.  As part of their course All students should experience the following activities:

  • Discussion - one to one or in groups
  • Research – group or individual using a variety of methods
  • Report writing – manually or using ICT
  • Presentations – in groups or individually
  • Practical work
  • Display work
  • Visits to organisations/companies
  • Work with visitors

The course includes three externally assessed units covering a range of Macro and Micro Economics subjects.

KS5 OVERVIEW AND ASSESSMENTS 

TERM YEAR 12 YEAR 13
Autumn Term 1

3.1.1.1 Economic methodology

3.1.1.2 The nature and purpose of economic activity

3.1.1.3 Economic resources

3.1.1.4 Scarcity, choice and the allocation of resources

3.1.1.5 Production possibility diagrams

3.1.2 Price determination in a competitive market

3.1.2.1 The determinants of the demand for goods and services

3.1.2.2 Price, income and cross-elasticities of demand

3.1.2.3 The determinants of the supply of goods and services

3.1.2.4 Price elasticity of supply

3.1.2.5 The determination of equilibrium market prices

3.1.2.6 The interrelationship between markets

4.1.4. Production, costs and revenue


4.1.4.4 The costs of production (part)


4.1.4.5 Economies and diseconomies of scale (part)


4.1.4.6 Marginal, average and total revenue (part)


4.1.4.7 Profit (part)


4.1.4.8 Technological change


4.1.4.3 The law of diminishing returns and returns to scale


4.1.4.4 The costs of production (part)


4.1.4.5 Economies and diseconomies of scale (part)


4.1.4.6 Marginal, average and total revenue (part)


4.1.4.7 Profit (part)

4.1.4.8 Technological change


4.1.5 Perfect competition, imperfectly competitive markets and monopoly


4.2.1 The measurement of macroeconomic performance


4.2.1.4 Uses of national income data


4.2.2 How the macroeconomy works: the circular flow of income, AD/AS analysis and related concepts


4.2.2.4 Aggregate demand and the level of economic activity


4.2.2.6 Determinants of long-run aggregate supply


4.2.3 Economic performance


4.2.3.1 Economic growth and the economic cycle


4.2.3.2 Employment and unemployment


4.2.3.3 Inflation and deflation


4.2.3.4 Possible conflicts between macroeconomic policy objectives
 

Autumn Term 2 

3.2.1 The measurement of macroeconomic performance

3.2.1.1 The objectives of government economic policy

3.2.1.2 Macroeconomic indicators

3.2.1.3 Use of index numbers

3.1.3 Production, costs and revenue

3.1.3.1 Production and productivity

3.1.3.2 Specialisation, division of labour and exchange

3.1.3.3 Costs of production

4.1.5.1 Market structures


4.1.5.2 The objectives of firms


4.1.5.3 Perfect competition


4.1.5.4 Monopolistic competition


4.1.5.5 Oligopoly


4.1.5.6 Monopoly and monopoly power


4.1.5.7 Price discrimination


4.1.5.8 The dynamics of competition and competitive market processes


4.1.5.9 Contestable and non-contestable markets


4.1.5.10 Market structure, static efficiency, dynamic efficiency and resource allocation


4.1.5.11 Consumer and producer surplus


4.2.4 Financial markets and monetary policy


4.2.4.1 The structure of financial markets and financial assets


4.2.4.2 Commercial banks and investment banks


4.2.4.3 Central banks and monetary policy


4.2.4.4 Regulation of financial markets
 

Spring Term 1

3.1.3.4 Economies and diseconomies of scale

3.1.3.5 Average revenue, total revenue and profit

3.2.2 How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts

3.1.4 Competitive and concentrated markets

3.1.4.1 Market structures

3.1.4.2 The objectives of firms

4.1.6 The labour market


4.1.6.1 The demand for labour, marginal productivity theory


4.1.6.2 Influences on the supply of labour to different markets


4.1.6.3 The determination of relative wage rates and levels of employment in perfectly competitive labour markets


4.1.6.4 The determination of relative wage rates and levels of employment in imperfectly competitive labour markets


4.1.6.5 The influence of trade unions in determining wages and levels of employment


4.1.6.6 The National Minimum Wage


4.1.6.7 Discrimination in the labour market


4.2.5 Fiscal policy and supply-side policies


.4.2.5.1 Fiscal policy


4.2.5.2 Supply-side policies
 

Spring Term 2

3.1.4.3 Competitive markets

3.1.4.4 Monopoly and monopoly power

3.1.4.5 The competitive market process

3.1.5 The market mechanism, market failure and government intervention in markets

3.1.5.1 How markets and prices allocate resources

 

3.2.2.2 Aggregate demand (AD) and aggregate supply (AS) analysis

3.2.2.3 The determinants of aggregate demand

3.2.2.4 Aggregate demand and the level of economic activity

3.2.2.5 Determinants of short-run aggregate supply

3.2.2.6 Determinants of long-run aggregate supply

4.1.7 The distribution of income and wealth: poverty and inequality


4.1.7.1 The distribution of income and wealth


4.1.7.2 The problem of poverty


4.1.7.3 Government policies to alleviate poverty and to influence the distribution of income and wealth


4.1.8 The market mechanism, market failure and government intervention in markets


4.1.8.1 How markets and prices allocate resources (part)


4.2.6 The international economy


4.2.6.1 Globalisation


4.2.6.2 Trade


4.2.6.3 The Balance of Payments


4.2.6.4 Exchange rate systems

Summer Term 1

3.1.5.2 The meaning of market failure

3.1.5.3 Public goods, private goods and quasi-public goods

3.1.5.4 Positive and negative externalities in consumption and production

3.1.5.5 Merit and demerit goods

3.1.5.6 Market imperfections

3.1.5.7 An inequitable distribution of wealth

 

 

3.2.3 Economic performance

3.2.3.1 Economic growth and the economic cycle

3.2.3.2 Employment and unemployment

3.2.3.3 Inflation and deflation

3.2.3.4 The balance of payments on current account

3.2.3.5 Possible conflicts between macroeconomic policy objectives

4.1.8.3 Public goods, private goods and quasi-public goods (part)


4.1.8.4 Positive and negative externalities in consumption and production (part)


4.1.8.5 Merit and demerit goods (part)


4.1.8.6 Market imperfections


4.1.8.7 Competition policy


4.1.8.8 Public ownership, privatisation, regulation and deregulation of markets


4.1.8.9 Government intervention in markets (part)


4.1.8.10 Government failure (part)


4.2.6.5 Economic growth and development
 

Summer Term 2

3.1.5.8 Government intervention in markets

3.1.5.9 Government failure

3.2.4 Macroeconomic policy

3.2.4.1 Monetary policy

3.2.4.2 Fiscal policy

3.2.4.3 Supply-side policies

4.1.2. Individual economic decision-making

4.1.2.1 Consumer behaviour

4.1.2.2 Imperfect information

4.1.2.3 Aspects of behavioural economic theory

4.1.2.4 Behavioural economics and economic policy

 

EXAM BOARD AND WEIGHTINGS

AQA - Three exams at the end of Year 13 

ENRICHMENT OPPORTUNITIES AT KEYSTAGE 5 

  • 1 week of work experience
  • Opportunities for workplace visits
  • Opportunities for career workshops
  • Opportunities to join a share portfolio club
  • Links to London Universities Economics Departments

USEFUL WEBSITES, RESOURCES, REVISION MATERIALS AND EXEMPLAR WORK

AQA  AS and A Level Economics 

Please contact us at -  Economics@central.towerhamlets.sch.uk

 

WHO’S IN THE BUSINESS AND ECONOMICS TEAM?

 ​​​​​Mr. J. Whitfield, Head of Business Studies & BTEC Quality Nominee

Ms. L. Sattin Laura, Teacher of Business Studies

Mr. J.  Amin, Teacher of Economics & Lead for Enterprise Education