Business & Economics

Business with Economics
Enterprise & Marketing

Exam Board: Edexcel

Course title and type of qualification: Business GCSE (9 - 1)

What will I learn?

GCSE Business is a popular GCSE subject at Abbey Grange. It is also a new subject to choose if you want a change from some of the subjects that you are used to.

Business Studies is an examination of the business world. If you choose to study this, you will look at real businesses and see how they operate. You will learn what it takes to be an entrepreneur, how to set up a business and make it a success.

Economics is an examination of how we allocate scarce resources, asking many different questions such as: should we encourage the development of offshore wind farms; why do we have rising levels of child poverty in an economy as rich as the UK and why do some people like professional footballers get paid a great sum of money, whilst refuse collectors are paid much less? The economics course also covers how the national economy works; what causes inflation; how to cure unemployment; and, how to stimulate growth and move from recession to recovery.

During this course you will study the following topics:

  • How to be an entrepreneur.
  • How to put a business idea into practice.
  • How businesses meet customer needs.
  • How to manage business finance
  • How to manage people in business.
  • How the global economy affects businesses.
  • What we import and export, why we import and export and what happens when exchange rates change.
  • What the European Union is and how it affects us.

How will I be assessed?

Examination: You will sit two written papers at the end of Year 11.

  • Paper 1 – Investigating Small Business - 50% Weighting - 1 hour and 30 minutes
  • Paper 2 – Building a Business - 50% Weighting - 1 hour and 30 minutes

What could I move onto?

If you are contemplating a career in Accountancy; Banking; Local or Central government; Law; Journalism or something similar, then you will find the economics element of this course useful. Or if you can see yourself setting up your own business one day, then having knowledge of how businesses work coupled with a basic knowledge of how the economy works is invaluable.

You could choose to continue your study of Business at A Level and Applied A Level or you could choose to continue your study of Economics at A Level in the sixth form. You could use your knowledge of how businesses work to support your studies in other subjects at GCSE and Post 16.

Also, because any organisation you will work in can be classed as a business, any knowledge you have of how businesses are run, how the different departments in a business are organised, the people who work in a business and what they do are all valued by employers. So you could use your business skills to get straight into work; onto an apprenticeship scheme or simply to get a part time job when you are old enough.

Links & Resources

There are no further resources for this subject.

Exam Board: OCR

Course title and type of qualification: Enterprise & Marketing Level 1/2 Cambridge National Certificate

What will I learn?

This Business Qualification is designed for students who might prefer a more “real world” approach to studying. The course is assessed over three years through coursework plus tested units. It would suit those students who prefer and do better in project work rather than exams. The course is also designed for those students who would rather “go out” and find out how a business is run in the real world and present what they have found in different ways. This qualification is awarded with Pass, Merit and Distinction (*) grading equal to one 5 - 9 GCSE grade.

The Cambridge National Certificate Enterprise & Marketing Business route provides you with a more practical introduction to business. You will have an opportunity to experience a wide range of business skills, including running a business enterprise in school; performing business presentations and role plays and developing advertising and promotion materials – all of which are assessed as part of the course.

You will complete the following units:

  • Enterprise & Marketing Concepts
  • Design a Business Proposal
  • Market & Pitch a Business Proposal

How will I be assessed?

The course is assessed mostly through assignments and activities based on realistic work situations throughout the three years (60% coursework which teachers will help you with, plus 40% tested units). The coursework is completed in lessons in the Business ICT suite.

What could I move onto?

If you would like a career in advertising, banking, retail, management, ICT, Law or even setting up your own business one day then this is a good choice for you now.

You could choose to continue your study of Business at A Level and Applied A Level in the sixth form. You could use your knowledge of how businesses work to support your studies in other subjects at GCSE and Post 16.

Also, because any organisation you will work in can be classed as a business, any knowledge you have of how businesses are run, how the different departments in a business are organised, the people who work in a business and what they do are all valued by employers. So you could use your business skills to get straight into work; onto an apprenticeship scheme or simply to get a part time job when you are old enough. Business produces a lot of young people with skills and knowledge which can help them to move in to a variety of areas in the future.

Links & Resources

Links & Resources

Links & Resources

Links & Resources

Abbey Grange C of E Academy

Butcher Hill
Leeds
LS16 5EA

Tel: 0113 275 7877
Fax: 0113 275 4784
info@abbeygrangeacademy.co.uk

Registered Office:

Abbey Multi Academy Trust
c/o Chapter House
Abbey Grange Church of England Academy
Butcher Hill
Leeds
LS16 5EA
Registered Company Number: 07705552

Links & Resources

Links & Resources

Links & Resources