Economics & Business AS A2 at Guilsborough School
The aim of the course is to enable students to develop an interest and enthusiasm for the study of economics and business, and appreciate the contribution the subject makes to the understanding of the wider economic and social environment.
Economics and Business provides students with the knowledge and insight necessary to understand the impact of developments in business, society and the world. It enables students to understand the decisions of households, businesses and governments based on human behaviour, beliefs, structure, constraints and need.
Everyone makes economic decisions every day of their lives, and economics can help to improve decision making. Economics and Business offers a way of thinking about the world that enables people to make the best of what they have.
This exciting course is built around a core unit with an enterprise theme, to enable students to think of a new business idea and how they might research and develop it. It will also introduce students to international business, enabling them to appreciate its dynamic nature and its opportunities in an international context.
Economics and Business relates to a whole range of other subjects. To have a good grasp of how economies and businesses function, it also helps to be able to see economic problems in their historical context and how economic ideas have developed over time. For this reason, economics is closely related to history. Economics and Business is closely related to geography as it considers the impact of economic and business activities on the world and the environment around us. To analyse economic problems, student will use a number of techniques, including mathematical and statistical methods. In addition, Economics and Business is a social science, so it is closely related to subjects such as sociology and psychology.
Content and Assessment
Unit 1 - Developing New Business Ideas
Assessment : Assessment for this unit will consist of one examination of 1 hour 15 minutes. The examination will consist of supported multiple choice and a data response question.
This 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 will also consider the competition in the market; the economic climate; how business might be financed and how much revenue the idea might generate.
Unit 2b - Business Economics
Assessment : One examination of 1 hour 15 minutes. The question paper will consist of supported multiple choice and a data response question.
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 though their actions.
Unit 3 - International Business
Assessment : One examination of 1 hour and 30 minutes. The question paper will consist of a data response question and case study questions.
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.
Unit 4b - The Wider Economic Environment and Business
Assessment : One examination of 1 hour and 30 minutes. The question paper will consist of a data response question and a decision-making report.
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.
No previous experience of Economics or Business Studies is required to study this course.
At least 5 GCSEs at grade C or above, including B in Maths and C in English.Overview
Examination - see above for details
For further information contact Mr Sattar
How to apply
If you want to apply for this course, you will need to contact Guilsborough School directly.