A co-educational independent through school
Nursery – Prep – Senior – Sixth Form

Economics and Business


Head of Department: Mrs C Redfern
Examination Board: Edexcel / AQA

Why Study Economics and Business at A-Level?

The course provides a solid foundation for studies at a higher level in the following subject areas: business management, business administration, accountancy and finance, human resource management, marketing, retail management, tourism management and international business. It can also lead on to a career in the commercial world. This qualification could also enable you to progress on to a straight economics degree or business economics. Alternatively you may wish to study economics with another subject as a combined degree.

Course Aims

The course offers a holistic understanding of business enabling you to develop a critical understanding of organisations and their ability to meet society’s needs and wants. It will provide an awareness of the ethical dilemmas and responsibilities faced by organisations and individuals. You will develop an understanding of a range of economic concepts and an ability to use those concepts in a variety of different contexts while acquiring a range of relevant business and generic skills, including decision making, problem solving, challenging assumptions and the quantification and management of information. By taking this course you will develop an enquiring, critical and thoughtful approach to the study of economics and an ability to think like an economist.

Course Content

AS Unit 1: Developing New Business Ideas
Business opportunities
Entrepreneurial skills
Business ideas in practice
Economic context to business
Unit 2b: Business Economics
How businesses are affected by market
forces and market structures
Why being a big business isn’t necessarilybetter
The extent to which macroeconomic change affects business
A2 Unit 3: International Business
Why a business looks for international markets
The changing economic world (growing economic power of China and India)
How a company decides which markets to target
Implications of trading internationally
Globalisation
Should multinationals be controlled
Unit 4b: The Wider Economic
Environment and Business
Market Failure
Regulation of markets
Macroeconomic policy
Government role in economic and social welfare

Assessment

AS – Two written papers, each worth 50% of the AS and 25% of the overall A level grade
A2 – Two written papers, each worth 50% of the A2 and 25% of the overall A Level grade

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