Key Stage 5 - Business

A Level Economics

Subject Content: Individuals, firms, markets and market failure.

  1. Economic methodology and the economic problem
  2. Individual economic decision making
  3. Price determination in a competitive market
  4. Production, costs and revenue
  5. Perfect competition, imperfectly competitive markets and monopoly
  6. The labour market
  7. The distribution of income and wealth; poverty and inequality
  8. The market mechanism, market failure and government intervention in markets
  9. The national and international economy
  10. The measurement of macroeconomic performance
  11. How the macroeconomy works; the circular flow of income, AD/AS analysis, and related concepts
  12. Economic performance
  13. Financial markets and monetary policy
  14. Fiscal policy and supply –side policies
  15. The international economy

Paper 1: Markets and market failure

Paper 2: National and international economy

Paper 3: Economic princicples and issues

What's assessed:
Content 1-8 above

Assessed: 

  • written exam: 2 hours
  • 80 marks
  • 33.3% of A Level

What's assessed: 
Content 9-14 above

Assessed: 

  • written exam: 2 hours
  • 80 marks
  • 33.3% of A Level

What's assessed: 
Content 1-14 above

Assessed: 

  • written exam: 2 hours
  • 80 marks
  • 33.3% of A Level

 

Questions:

  • Section A: data response questions requiring written answers, choice of one from two contexts worth 40 marks
  • Section B: essay questions requiring written answers, choice of one from three worth 40 marks

Questions:

  • Section A: data response questions requiring written answers, choice of one from two contexts worth 40 marks
  • Section B: essay questions requiring written answers, choice of one from three worth 40 marks

Questions:

 

  • Section A: multiple choice questions worth 30 marks
  • Section B: case study questions requiring written answers, worth 50 marks

 

 

All the question papers are compulsory.

BTEC Personal Finance 

BTEC qualifications are equivalent to A Levels but are different in the way they are taught and assessed. This course features:

  • 100% coursework (which means no exams).
  • Six projects – graded Pass, Merit or Distinction.
  • Business links for every project - either visits out or speakers in school to offer expertise.
  • Career Academy.

Unit

Description

1

Financial services for individuals

This is an overview of the wide range of financial products available to individuals.  Students will learn about bank accounts, life assurance, mortgages, loans, ISAs, shares, pensions and investments and recommend products for people at different stages of their lives.

2

Business financial performance

This is an introduction to how businesses do their accounts. Students will learn about how businesses make profit and what they need to publish in their accounts. In studying two contrasting businesses, students will compare and contrast how they have performed.

3

Financial services to support business

Whether it is a small business just starting up, or a large business wishing to expand, all firms require financial or legal advice. Students will learn about the different sources of finance available to a firm and how firms are helped to stay afloat in difficult periods or changing times.

4

Financial service regulation, ethics and trends

In recent years, some areas of finance have been in the spotlight for the wrong reasons. This important unit looks at the laws and ethical codes that exist to protect consumers from financial institutions and examines why the banking crisis has happened and how it can be avoided in the future.

9

Preparing for work and careers

In this unit students will prepare for their internship. They will need to complete a skills audit, job applications, CVs and interviews.

10

Learning from employment

An assignment will need to be completed during the internship. Students will need to keep a log of what they have done and conduct research about the company and job role.

A Level Business

Students are introduced to business in Themes 1 and 2 through building knowledge of core business concepts and applying them to business contexts to develop a broad understanding of how businesses work. Breadth and depth of knowledge and understanding, with applications to a wider range of contexts and more complex business information, are developed in Themes 3 and 4, requiring students to take a more strategic view of business opportunities and issues.

Students are encouraged to use an enquiring, critical and thoughtful approach to the study of business, to understand that business behaviour can be studied from a range of perspectives and to challenge assumptions. Students have 3 exams at the end of year 13.

Theme 1: Marketing and People

Theme 2: Managing Business Activities

Students will develop an understanding of:

  • meeting customer needs
  • the market
  • marketing mix and strategy
  • managing people
  • entrepreneurs and leaders.

Student will develop and understanding of:

  • raising finance
  • finanacial planning
  • managing finance
  • resource management
  • external influences.

Theme 3: Business Decisions and Strategy

Theme 4: Global Business

This theme develops the concepts introduced in Theme 2. Students will develop an understanding of:

  • business objectives and strategybusiness growth
  • decision-making techniques
  • influences on business decisions
  • assessing competitiveness
  • managing change.

This theme develops the concepts introduced in Theme 1. Students will develop an understanding of:

  • globalisation
  • global markets and business expansion
  • global marketing
  • global industries and companies (multinational corporations).