Economics & Business
At Lingfield all Economics staff have enjoyed successful careers in a commercial setting, so are able to offer bring real world expertise in areas such as law and tourism. We offer Economics at GCSE and both Economics and Business Studies at A Level.
In Economics students will look at topics such as the forces of demand and supply, investigating government policy and how it affects growth, our role in the European Union and the impact on global trade of the increasing power of China.
In Business Studies students explore the challenge of starting a business, how the functions of a business (finance, human resources, operations and marketing) work together, the behaviour of major PLCs in challenging market environments and how culture and leadership affect decision-making.
Within the College the department is well-placed to provide students with key insights to help them as they move up the educational system or out into the world of work, in what is becoming an increasingly competitive environment. We are all passionate about our subject specialities, and our greatest satisfaction is seeing that being passed to the students
Joss Bolton, Head of Economics and Business Studies
In Year 10, students will learn about the choices we make when we spend our money or allocate our time. Students will study how this affects firms and how firms seek to achieve their objectives. They will get an understanding of a key topic of our times, market failure, and what governments can do to help correct these failures. In Year 11 students will study how economies function and what policies can be used to help them grow sustainably. Additionally, they will also learn about globalisation and international trade.
A Level Business
The course is very much an “applied subject” meaning it gives students a chance to learn how businesses are structured, what entrepreneurship is, what makes a good leader, as well as introducing them to different types of businesses and the strategies they put in place for success.
Aims of the Course
- to develop students’ understanding of organisations and the markets they serve and the processes of adding value and decision-making in a dynamic external environment
- to make students aware of the economic, environmental, ethical, legal, governmental, social and technological issues associated with business activity.
- To enable students to gain the sort of analytical skills that will enable them to work successfully in management roles, or to pursue higher qualifications.
The course is structured around 4 key themes:
- Marketing and people
- Managing business
- Business decisions and strategy
- Global business
A Level Economics
Economics is broadly divided into two main areas – microeconomics and macroeconomics. Students study both aspects together both in Year 12 and Year 13, with different teachers.
Aims of the Course
Many students study Economics with a view to continuing to university level or starting careers in government, financial and corporate roles. The course is very effective at introducing students to issues that will have a significant impact on their lives. There is a very strong emphasis on the development of critical thinking skills.
The course is structured over 2 key themes:
- Individuals, Firms, Markets and Market Failure
Business BTEC Level 3 National Qualification
BTEC Business covers many similar areas as the Business A Level but with assessment spread across the two years of Sixth Form, with a mixture of internal coursework, external exam and controlled assessment units. The course provides access to a wide range of possible career and higher education opportunities through practical-based learning about different types of businesses, their objectives, how they operate, how they are organised, how they market themselves and aspects of finance. Students develop skills that they can use in either planning their own business start-up or for working within a small, medium, or large organisation. The emphasis is on practical knowledge and skills.
Aims of the Course
- to develop students’ understanding of organisations and the markets they serve (Unit 1)
- to make students aware of personal financial decisions and the importance of finance to business success (Unit 3)
- to allow students to appreciate what is required to develop a marketing campaign for a small or medium sized business (Unit 2)
- to study aspects of our Criminal Justice system though the Law unit (Unit 23)
Outside the curriculum, we run clinics to help students further develop their essay writing skills in Micro and Macro Economics. Our Sixth Form students edit an economics and business magazine. Students are invited to attend evening lectures at the London School of Economics and Gresham College. We take part in debates with local schools on key current affairs topics.
Mr Joss Bolton
Head of Economics & Business Studies
IEA Budget Challenge 2021 finals
Lingfield through to the next round!