Business & Economics

KS4


GCSE Business (9-1)
Exam Board: Edexcel (1BSO)

Assessment Methods 

Is this the right subject for me?

If you enjoy:
• Communicating and explaining your ideas.
• Thinking creatively and making decisions.
• Working with numbers to solve business problems.
• Learning about the world of business through real and relevant local and international brands.


What will I learn?

You’ll start by exploring the world of a small business through the lens of an entrepreneur:
• How and why do business ideas come about?
• What makes a business successful?


You’ll learn how to develop an idea, spot an opportunity and turn it into a successful business. You will understand how to make a business effective, manage money and see how the world around us affects small businesses and all the people involved. Then you’ll move on to investigating business growth. You’ll learn about meeting customer needs, making marketing, operational, financial and human resourcing decision and you’ll explore how the wider world impacts the business as it grows.

How will I be assessed?

The qualification will be assessed in two equally weighted exam papers. There is no coursework.
• Paper 1: Theme 1-Investigating small business
• o 90 minutes, 90 marks and 50% of the total GCSE
• Paper 2: Theme 2-Building a business
• o 90 minutes, 90 marks and 50% of the total GCSE


Level 2: Certificate in Business and Enterprise. (VCERT)
This qualification is suitable for learners aged pre-16 and above. This qualification is designed for learners who want an introduction to business and enterprise that includes a vocational and hands-on element. It has been developed to enthuse and inspire learners about a career in business and enterprise. The qualification will appeal to learners who wish to either set up their own business, move into employment or progress onto further study.

The course is solely coursework based with no exams and the 4 mandatory units are:
1. Introduction to Business and Enterprise.
2. Marketing for Business and Enterprise.
3. Finance for Business and Enterprise
4. Plan, develop and participate in a Business or Enterprise project.


For more information visit: https://www.ncfe.org.uk/qualification-search/ncfe-level-1-certificate-in-business-and-enterprise-4278.aspx

KS5

A level Business Studies (7132)
Exam Board: AQA

Students will be studying the newly designed and updated A Level Business Studies qualification. The new Business Studies A Level qualification enables students to develop practical problem solving skills and to acquire the higher order thinking skills necessary to effectively engage in the analysis and evaluation of the issues and challenges that both small and larger businesses face. An overview of the main subject content includes:

Management, leadership and decision making.
• Decision making to improve business performance in the functional areas of; marketing, operations, finance and human resources.
• Business strategy.
• Managing change.

The course is formally assessed at the end Year 13 where students will take three examinations each worth one third of the overall A Level grade. These three examinations will each be two hours in length and assessed out of 100 raw marks. The examinations combine a mixture of different assessments and include; multiple choice questions, short answer questions, essay questions, data response questions and questions based on business case studies.

For more information visit this course's page on the Exam Board's Website


Level 3 Certificate in Financial Studies
Objective
The objective of CeFS is to enable students to make informed and confident decisions regarding their finances.

Topic content
• Importance of financial capability in the immediate, short, medium and long term.
• Financial services and products, including sources of help and advice.
• Borrowing, budgeting, financial planning and cash flow forecasting.
• The impact of external influences at different stages in the personal life cycle.
• Risk and reward in managing personal finance.

Assessment
The course is made up of two units in Y12. They are both assessment by one multiple choice paper (45 minutes) and a pre released written paper 1 hour 45 minutes. More information can be found at: http://www.libf.ac.uk/study/professional-qualifications

Business Administration Level 2 and Level 3 Certificate (NVQ)
This Certificate is aimed at people in an administrative role who want to develop their skills. Administrators should be able to demonstrate how they work and communicate in a business environment using a wide range of everyday administrative tasks.

Each unit in this qualification is split into learning outcomes with associated assessment criteria and some of the mandatory units include:
• Work in a business environment
• Improve own performance in a business environment
• Communicate in a business environment.
Students will gain experience in a real work environment and reflect on what they have learnt by building a portfolio of work.

A-Level Economics (A) 9EC0

Exam Board Edexcel
What will I learn?
Economics is about choice and the impact of our choices on each other. It relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and firms.

An economic way of thinking can help you make better choices.
• In Theme 1 and Theme 2 you will be introduced to the nature of economics, how markets work and why they fail. You will also consider the role of government and the UK economy.
• In Theme 3 and Theme 4 you will explore how businesses grow and compete, the labour market and how the government intervenes to make markets work better.
• You will also explore international trade, inequality within and between countries, emerging and developing economies, and the public finances. You will also have an opportunity to consider the role and impact of the financial sector.

Studying economics will help you develop transferable skills that will prepare you for studying at university or moving into the world of work. These include skills in data interpretation and essay writing. Suitable higher education courses include economics degrees or degrees in applied economics such as environmental economics, labour economics, public sector economics or monetary economics. You might choose to study business economics, econometrics or a business and management degree. Economics students can follow a wide range of careers in industry, commerce, finance and the civil service.

Pearsons Qualifications Edexcel A Level Search

Full details of the A-level Economics (A) specification can be found at: http://www.edexcel.com/quals/gce/gce15/economics/Pages/default.aspx

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