Business Studies & Economics

Introduction

Business & Economics has a highly dedicated, supportive, humorous and effective team. We also have a good track record of developing colleagues within the department so that they can move to the next step in their career progression.

Teaching & Learning

The department uses a range of teaching and learning techniques, centred on real world scenarios and case studies where possible and trying to relate what we study to the local community where we can. We are always looking for new ways to engage pupils. We encourage experimentation in new techniques, especially those which are firmly rooted in real life scenarios.

Facilities

We are a well-resourced department, using electronic textbooks for GCSE work and usually having access to Computing rooms for GCSE lessons. Sixth form classes have a dedicated sixth form teaching room, located in the Computing building.

Enrichment

We tend to offer different things each year as we respond to current events and opportunities. Examples from recent experience include: The Chestnut Tree House £50 Challenge; The Marketing Eye, Young Business Minds competition; trips to the Sidcup plant of Coca-Cola UK PLC; and trips to New York.

Curriculum

Learning outcomes for Business Studies on pathway 8 – click here
Learning outcomes for Business Studies on pathway 7 – click here
Learning outcomes for Business Studies on pathway 6 – click here
Learning outcomes for Business Studies on pathway 5 – click here
Learning outcomes for Business Studies on pathway 4 – click here
Learning outcomes for Business Studies on pathway 3 – click here
Learning outcomes for Business Studies on pathway 2 – click here

Revision

The course information below is only an outline of course content / learning objectives and should NOT be used as a guide to the topics for revision purposes.  Detailed guidance for revision for this subject can be found as follows:

  • GCSE / Level 2 courses  will be assessed using the topic content of Years 9, 10 & 11 –  please click here for detailed revision advice
  • A level / Level 3 courses will be assessed using the topic content of Years 12 & 13 –  please click here for detailed revision advice
Year Course & Topics covered Level Contact for more detail
9

Edexcel GCSE Business, covering:

  • Enterprise and entrepreneurship.
  • Spotting a business opportunity.
  • Putting a business idea into practice.

The specifications for this course can be found by clicking here.

GCSE:  Levels 1 & 2 Mr O Perkins – operkins@heathfieldcc.co.uk
10

Edexcel GCSE Business, covering:

  • Putting a business idea into practice
  • Making the business effective
  • Understanding external influences on business
  • Growing the business
  • Making marketing decisions

The specifications for this course can be found by clicking here.

GCSE:  Levels 1 & 2
11

Edexcel GCSE Business, covering:

  • Growing the business
  • Making marketing decisions
  • Making operational decisions
  • Making financial decisions
  • Making human resource decisions

The specifications  for this course can be found by clicking here.

GCSE:  Levels 1 & 2
12

AQA GCE Business, covering:

  • What is a business?
  • Understanding different business types
  • Understanding that businesses operate  within an external environment
  • Understanding management, leadership & decision making
  • Understanding the role and importance of stakeholders
  • Setting marketing objectives
  • Understanding market and customers
  • Making marketing decisions:  segmentation, targeting, positioning
  • Making marketing decisions:  using the marketing mix
  • Setting operational objectives
  • Analysing operational performance
  • Making operational decisions to improve performance
  • Making operational decisions:  improving quality
  • Making operational decisions:  managing inventory & supply chains
  • Setting financial objectives
  • Analysing financial performance
  • Making financial decisions:  sources of finance
  • Making financial decisions:  improving cash flow & profit
  • Setting human resource objectives
  • Analysing human resource performance
  • Making human resource decisions: organisation design and managing the resource flow
  • Making human resource decisions: improving motivation and engagement
  • Making human resource decisions:  improving employer-employee relations
  • Mission, corporate objectives and strategy
  • Financial ratio analysis
  • Assessing financial strengths and weaknesses
  • Opportunities and threats from political and legal change
  • Opportunities and threats from economic change
  • Opportunities and threats from social and technological change
  • Opportunities and threats from the  competitive environment
  • Analysing strategic options:  investment appraisal

The specifications for this course can be found by clicking here.

GCE AS Level & Year 1 GCE A Level:  Level 3 Mr O Perkins – operkins@heathfieldcc.co.uk
 

AQA GCE Economics, covering:

  • Economic methodology
  • The nature and purpose of economic activity
  • Economic resources
  • Scarcity, choice & the allocation of resources
  • Production possibility diagrams
  • The determination of demand
  • Price, income & cross elasticises of demand
  • The determination of supply
  • Price elasticity of supply
  • Equilibrium market prices
  • The interrelationships between markets
  • Production & productivity
  • Specialisation, division of labour & exchange
  • Costs of production
  • Economies & diseconomies of scale
  • Average revenue, total revenue and profit
  • Market structure
  • The objectives of firms
  • Competitive markets
  • Monopoly & monopoly power
  • The competitive market process
  • How markets and prices allocate resources
  • The meaning of market failure
  • Public goods, private goods and quasi-public goods
  • Use of index numbers
  • The circular flow of income
  • Aggregate demand and aggregate supply analysis
  • The determinants of aggregate demand
  • Aggregate demand and the level of economic activity
  • Determinants of short run aggregate supply
  • Determinants of long run aggregate supply
  • Economic growth and the economic cycle
  • Employment and unemployment
  • Inflation and deflation
  • The balance of payments on current account
  • Conflicts between policy objectives
  • Monetary policy
  • Fiscal policy
  • Supply side policies

The specifications for this course can be found by clicking here.

GCE AS Level & Year 1 GCE A Level:  Level 3
13

AQA GCE Business, covering:

Analysing the strategic position of a business (opportunities, threats & strategies)

  • financial ratio analysis
  • overall performance
  • political and legal change
  • economic change
  • social and technological change
  • the competitive environment
  • investment appraisal

Choosing strategic direction

  • choosing which markets to compete in and what products to offer
  • choosing how to compete

Strategic methods: how to pursue strategies

  • Assessing a change in scale
  • Assessing innovation
  • Assessing internationalisation
  • Assessing greater use of digital technology

Managing strategic change

  • Managing change
  • Managing organisational culture
  • Managing strategic implementation
  • Problems with strategy and why strategies fail

The specifications for this course can be found by clicking here.

GCE A Level Year 2:  Level 3
 

AQA GCE Economics, covering:

Individual economic decision making

  • Consumer behaviour
  • Imperfect information
  • Aspects of behavioural economic theory
  • Behavioural economics and economic policy
  • The law of diminishing returns and returns to scale
  • Costs of production
  • Economies and diseconomies of scale
  • Marginal, average and total revenue
  • Profit
  • Technological change
  • The objectives of firms
  • Perfect competition
  • Monopolistic competition
  • Oligopoly
  • Monopoly and monopoly power
  • Price discrimination
  • The dynamics of competition and competitive market processes
  • Contestable and non-contestable markets
  • Market structure, static efficiency, dynamic efficiency and resource allocation
  • The demand for labour, marginal productivity theory
  • Influences upon the supply of labour to different markets
  • The determination of relative wage rates and levels of employment in perfectly competitive labour markets
  • The determination of relative wage rates and levels of employment in imperfectly competitive labour markets
  • The Influence of trade unions in determining wages and levels of employment
  • The National Minimum Wage
  • Discrimination in the labour market
  • The distribution of income and wealth
  • The problem of poverty
  • Government policies to alleviate poverty and to influence the distribution of income and wealth
  • Competition policy
  • Government intervention in markets
  • Government failure

 

The national and international economy

  • Employment and unemployment
  • Inflation and deflation
  • Possible conflicts between macroeconomic policy objectives
  • The structure of financial markets and financial assets
  • Commercial banks and investment banks
  • Central banks and monetary policy
  • The regulation of the financial system
  • Fiscal policy
  • Supply-side policies
  • Globalisation
  • Trade
  • The balance of payments
  • Exchange rate systems
  • Economic growth and development

The specifications for this course can be found by clicking here.

GCE A Level Year 2:  Level 3