BUSINESS AND ECONOMICS DEPARTMENT

Jill Duncan           :  Head of Department

Daryl Sims           :  Assistant Headteacher

Rachel O’Reilly    :  Head of Year 12

Jonathan Green   :  Full time Teacher/BTEC Coordinator/Gifted and Talented

Laura Secker        : Part Time Teacher

Jill Duncan          :   jduncan@englishcollege.ac.ae

Daryl Sims           :  dsims@englishcollege.ac.ae

Rachel O’Reilly    :  roreilly@englishcollege.ac.ae

Jonathan Green  :   jgreen@englishcollege.ac.ae

Laura Secker       :  lsecker@englishcollege.ac.ae

Business Studies and Economics are two separate qualifications that are offered at both GCSE and A Level. They are very popular options choices for GCSE students and the majority of English College students study either one for an A Level.

To put it simply, Business Studies is a study of how to set up a business and how to run/expand a business. Economics is a study of the world (the economy) around us, to understand the behaviour of businesses, consumers and the government.

The department consists of 5 members of staff who all have extensive teaching experience and relevant knowledge of industry. Students can expect a wide range of stimulating teaching resources, including textbooks, notes and online material to help aid with attainment. Additional support and revision sessions are readily available to meet students’ individual needs.

Business GCSE is through the exam board Edexcel. Course code is 1BS0.

September 2017 onwards will see students using the new grading system of 1-9 with the new specification.

The course consists of two units:

1)     Investigating small businesses (studied in Year 10) – 50% of overall grade

2)     Building a business (Studied in Year 11) – 50% of overall grade

This GCSE involves two examinations taken at the end of Year 11. Both papers consist of calculations, multiple choice, short answer and extended writing questions. Questions in Sections B and C will be based on Business contexts given.

Economics GCSE is the exam board AQA. Course code is 8136.

September 2017 onwards will see students using the new grading system of 1-9 with the new specification.

The course consists of two units:

1)     How markets work – 50% of overall grade

2)     How the economy works – 50% of overall grade

This GCSE involves two examinations taken at the end of Year 11. Both papers consist of two sections. Section A: 10 multiple choice questions followed by a range of calculation, short and extended response questions. Section B: five questions involving a mix of calculations, short and extended responses.

Key Stage 5  (include specification and current certification grading & qualification code – Ofqual)

Business AS – course code 8BS0                 Business A2 – course code 9BS02

Economics AS – course code 8ECO            Economics A2 – course code 9ECO

Both A Level Business and Economics are a two-year course using Edexcel exam board. Students have the option to study for just one year and sit the AS Level, or study for two years to achieve the full A Level.

A Level Business consists of four themes:

1)     Marketing and people

2)     Managing business activities

3)     Business decisions and strategy

4)     Global business

A Level Economic consists of four themes:

1)     Introduction to markets and market failure

2)     The UK economy – performance and policies

3)     Business behaviour and the labour market

4)     A global perspective

The AS Level consists of two examination, using Themes 1 and 2. The A Level consists of three examinations, covering all four themes.

GCSE – Students should expect to complete two hours homework a week. This will be through tasks set by the teacher and independent study.

A Level – Students should expect to study for the equivalent of 6 lessons outside the classroom each week. This will be through tasks set by the teacher in addition to independent study.

Year 10 Business

 

  Unit Topic 1 Topic 2 Topic 3 Topic 4 Topic 5
Autumn 1 Enterprise and Entrepreneurship The dynamic nature of business Risk and Reward The role of business enterprise
Autumn 2 Spotting a business opportunity Customer needs Market research Market segmentation The competitive environment
Autumn 3 Putting a business idea into practice Business aims and objectives Business revenues, costs and profit Cash and cashflow Sources of business finance
Autumn 4 Making the business effective The options for start-up and small businesses Business location The marketing mix Business plans
Autumn 5 Understanding external influences on business Business stakeholders Technology and Business Legislation and business The economy and business External influences
Autumn 6 Coursework preparation

Year 10 Economics

  Unit Topic 1 Topic 2 Topic 3 Topic 4 Topic 5 Topic 6
Autumn 1 Economic Foundations Economic Activity Factors of production Making choices
Autumn 2 Resource Allocation Markets and allocations of resources Economic sectors Specialisation, division of labour and exchange
Autumn 3 How prices are determined Demand for goods and services Supply for goods and services Equilibrium price Intermarket relationships Price elasticity of demand Price elasticity of supply
Autumn 4 Production, costs, revenue and profits Importance of cost, revenue and profit for producers Production and productivity Economies of scale
Autumn 5 Competitive and concentrated markets The importance of market structures on producers and consumers Competitive markets Non- Competitive markets The labour market
Autumn 6 Market Failure Misallocation of resources Externalities


Year 11 Business

Unit Topic 1 Topic 2 Topic 3 Topic 4 Topic 5
Autumn 1 Marketing Marketing Repeat purchase and product trial Product life cycle Branding and differentiation Building a marketing mix
Autumn 2 Meeting customer needs Design and research development Managing stock Quality Cost effective operations and competitiveness Effective cstomer service
Spring 1 Effective financial management Improving cashflow Improving profit Break even analysis Financing growth
Spring 2 Effective people management Organisational Structure Motivation theory Communication Remuneration
Summer 1 The wider world Affecting business Ethics Environmental Issues Economic issues affecting international trade Impact of government and the EU
Summer 2 Revision Exam

Year 11 Economics

Unit Topic 1 Topic 2 Topic 3
Autumn 1 MANAGING THE ECONOMY Economic objectves of the government Economic growth and ethical issues The welfare state and alternatives
Autumn 2 MANAGING THE ECONOMY The economy at work Government economic policy Thr role of the European Union
Spring 1 CURRENT ECONOMIC ISSUES RESEARCH TASKS
Spring 2 CURRENT ECONOMIC ISSUES
Summer 1 REVISION Revision
Summer 2 Exam Exam

Year 12 Business

Unit Topic 1 Topic 2 Topic 3
Autumn 1 THEME 1 – MARKETING AND PEOPLE Meeting Customer Needs The Market Marketing Mix and Strategy
Autumn 2 THEME 1 – MARKETING AND PEOPLE Managing People Entrepreneurs and Leaders
Spring 1 THEME 2 – MANAGING BUSINESS ACTIVITIES Raising finance Financial Planning Managing finance
Spring 2 THEME 2 – MANAGING BUSINESS ACTIVITIES Resource Management External Influences
Summer 1 Revision Revision
Summer 2 Revision Exam

Year 12 Economics

Unit Topic 1 Topic 2 Topic 3
Autumn INTRODUCTION TO MARKETS AND MARKET FAILURE (TEACHER 1) Nature of economics How markets work
THE UK ECONOMY – PERFORMANCE AND POLICIES (TEACHER 2) Measures of economic performance Aggregate demand Aggregate supply
Spring INTRODUCTION TO MARKETS AND MARKET FAILURE (TEACHER 1) Market Failure Government Intervention
THE UK ECONOMY – PERFORMANCE AND POLICIES (TEACHER 2) National Income Economic Growth Macroeconomic objectives and policy
Summer Revision Revision
Revision Exam

Year 13 Business

Unit Topic 1 Topic 2 Topic 3
Autumn 1 THEME 3 – BUSINESS DECISIONS AND STRATEGY Business and objectives and strategy Business growth Decision making techniques
Autumn 2 THEME 3 – BUSINESS DECISIONS AND STRATEGY Influences on business decisions Assessing competitiveness Managing Change
Spring 1 THEME 4 – GLOBAL BUSINESS Globalisation Global Markets and business expansion
Spring 2 THEME 4 – GLOBAL BUSINESS Global Marketing Global industries and companies
Summer 1 Revision Revision
Summer 2 Revision Exam

Year 13 Economics

Unit Topic 1 Topic 2 Topic 3
Autumn THEME 3 – BUSINESS BEHAVIOUR AND THE LABOUR MARKET (TEACHER 1) Business Growth Business objectives Revenues, costs and profit
THEME 4 – A GLOBAL PERSPECTIVE (TEACHER 2) International Economics Poverty and inequality Emerging and developing economies
Spring THEME 3 – BUSINESS BEHAVIOUR AND THE LABOUR MARKET (TEACHER 1) Market Structure Labour market Government intervention
THEME 4 – A GLOBAL PERSPECTIVE (TEACHER 2) The financial Sector Role of the state in the macro economy
Summer Revision Revision
Revision Exam

Each year the department runs numerous enterprise competitions including the whole school competition of ‘The Ecprentice’.

Trips are being planned for within the UAE and abroad

Information about GCSE Business Studies

https://qualifications.pearson.com/content/dam/pdf/GCSE/Business/2009/Specification%20and%20sample%20assessments/GCSE_Business_Spec_2012.pdf

Information about GCSE Economics

http://filestore.aqa.org.uk/subjects/AQA-4130-W-SP-14.PDF

Information about GCE Business

AS: https://qualifications.pearson.com/content/dam/pdf/A%20Level/Business%20Studies/2015/specification-and-sample-assessment-materials/9781446912591_GCE2015_AS_BUS_WEB.PDF

A2: https://qualifications.pearson.com/content/dam/pdf/A%20Level/Business%20Studies/2015/specification-and-sample-assessment-materials/9781446914694_GCE2015_A_BUS_WEB.PDF

Information about GCE Economics

AS: https://qualifications.pearson.com/content/dam/pdf/A%20Level/economics-a/2015/specification-and-sample-assessment-materials/PearsonEdexcel-AS-EconomicsA-AccreditedSpec-August14.pdf

A2: https://qualifications.pearson.com/content/dam/pdf/A%20Level/economics-a/2015/specification-and-sample-assessment-materials/PearsonEdexcel-Alevel-EconomicsA-AccreditedSpec-August14.pdf

Useful websites:

http://www.tutor2u.net/

http://www.bbc.co.uk/schools/gcsebitesize/

http://www.bbc.com/news

http://www.economist.com/