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Spalding Grammar School

Business and Economics

Staff

  • Miss A Smith (Head of Department)
  • Mr D Morris
  • Mrs S Stafford
  • Mrs I Busby

 

 

Resources

Business Studies and Economics are both dynamic subjects and relate to the world we live in today. During lessons students apply real life examples to business theory and models.  A large emphasis is placed on looking at industries and Economic policies and seeing how they shape people’s lives.

The majority of teaching is carried out in the modern, purpose built Business Studies block which houses a Boardroom and a Lecture Theatre, and use of ICT is encouraged outside of lessons and used during teaching.

 Business

Curriculum

At A level Business, students will follow the Edexcel 2 Year linear course.

A Level Business is an enjoyable and rewarding course. It is suitable for students who have a lively and enquiring mind and a willingness to explore new ideas. The course aims to provide knowledge and understanding of business activity and also to develop useful skills to higher education or employment.  The course focuses on the dynamic nature of the contemporary business works.

A Level course content:

Theme 1 - Marketing and people

Theme 2 - Managing a business

Theme 3 - Business decisions and strategy

Theme 4 - Global business

Formal Assessment - Three external examinations will be taken in Year 2 of the course.

Key Stage 4

At Key Stage 4, students follow the Cambridge IGCESE in Business, and study six main topics which are:

  • Understanding business activity
  • People in business
  • Marketing
  • Operations management
  • Financial information and financial decisions
  • External influences on Business activity

These topics allow students a real insight into the world of business and look at why entrepreneurs enjoy the challenges of setting up a business. The marketing section is filled with detailed information about advertising, the significance of market research and why this must be carried out if a business wants to success;  the importance of listening to customers and fulfilling their needs.  The finance section teaches students the importance of managing a business’s performance, by completing cash flow forecasts, breakeven charts and looking at ratios.  The external influence chapter lends itself to international business operations and ethical issues and polices which must be adopted and adhere to by businesses.  

Key Stage 5

At Key Stage 5 students are given the option of taking A level Business or A level Economics.

 Economics

Curriculum

Economic issues are central to an understanding of the real world. Studying Economics will give students the opportunity to view what is going on in the world we live in today and an understanding of why it is happening. Phrases such as Government spending, economic slowdown, fiscal policy, national debt and the ever increasing budget deficit will all become clear. Policies adopted by the Government and the understanding of the chancellor's budget will all form the basis of learning. Students may understand why government grants for tuition fees for university courses starting in September 2016 have now become loans. 

A Level course content:

Theme 1 – Introduction to markets and market failure

Theme 2 – The UK economy – performance and policies

Theme 3 – Business behaviour and labour markets

Theme 4 – A global perspective

Formal Assessment - Three external examinations will be taken in Year 2 of the course.

Key Stage 5

At A level Economics students will follow the Edexcel 2 Year linear course.   

Enrichment

Year 12 and 13 students will have the opportunity to take part in the ICAEW BASE National Business and Accounting Competition

In 2015 a group of talented Business and Economic students will enter the Bank of England’s Target two point Challenge.

Proposed trips include visits to:

  • ‘The Business of Chocolate’ – Cadbury World
  • Jaguar Landover plant Castle Bromwich
  • AMEY Waste Management service – Waterbeach Cambridge
  • The Bank of England
  • An Overseas Residential