Business & Economics

Economics is about all the fascinating things that are taking place around us at the moment – why are superstar footballers paid so much and nurses so little? What are the implications of Google having over 90% of the online search market? Why does the government believe reducing immigration will create a “high-wage, high-value” economy? Why are house prices going up so fast?

In addition to learning about some of the crucial developments of today, Economics teaches key skills such as critical analysis, which will be essential when students progress into the Sixth Form and beyond.

In Year 10, students will learn about the choices we make when we spend our money or allocate our time. They 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.

Studying Business explores how companies operate, make decisions, and adapt in a changing world. It covers key areas like marketing, finance, operations, and management while considering external influences such as economic and technological changes. Through real-world examples, students develop critical thinking and problem-solving skills essential for success in business.

The Edexcel GCSE Business course equips students with analytical and evaluative skills to understand and assess the modern business environment. By applying knowledge to real businesses and current events, the course fosters strategic thinking and adaptability, preparing students to thrive in an ever-evolving world.

The course is structured around 2 key themes:

Theme 1 - Investigating Small Business

• Enterprise and entrepreneurship
• Spotting a business opportunity
• Putting a business idea into practice
• Making the business effective
• Understanding external influences

Theme 2 - Building a Business

• Growing the business
• Making marketing decisions
• Making operational decisions
• Making financial decisions
• Making human resources decisions

BTEC Enterprise is a vocational qualification offered by Pearson that teaches skills and knowledge for starting and running a business, focusing on practical, applied learning rather than purely academic study.

What will I learn?

• Business Concepts: Understand what makes businesses succeed or fail. 
• Market Research: Learn to research markets and business environments. 
• Business Planning: Develop skills in creating a comprehensive business plan. 
• Marketing: Study marketing strategies, including the four Ps of the marketing mix. 
• Financial Management: Understand financial documents, profitability, and how to forecast finances and manage cash flow. 
• Entrepreneurial Skills: Acquire the techniques and attributes essential for success as an entrepreneur.