Business and Economics - KS4
Business GCSE is taught from year 10
Business Studies at GCSE is a multi-skilled subject. For example, with regards to entrepreneurial activity it is often creativity and individual flair that allows people to come up with original ideas. The finance section involves the use of numbers, although you don’t need to be a great mathematician to succeed at GCSE level. People management will teach you how to be a better manager and develop your own inter-personal skills. There will always be an aspect of the course that suits every individual’s strength, but it will also allow you to develop other skills that can be transferred across the curriculum and beyond.
The course is designed for maximum student access and understanding, particularly with the focus on entrepreneurship and small business. There are several key areas split across the two years.
In Theme 1, students look at showing enterprise, spotting a business opportunity, putting a business idea into practice, making a start-up effective and understanding the external influences.
Theme 2 looks at the growing an established business and the decision-making processes surrounding marketing, operational, financial, and human resource.
Whatever career you end up in Business Studies will be relevant in some way. There is a distinct possibility that you will either work for someone or for yourself. The range of transferable skills will be useful in your professional and personal lives.
From 2023:
Economics GCSE is taught from Year 10
A qualification in economics helps students understand the world around them. It enables students to understand people, businesses, markets and governments, and therefore better respond to the threats and opportunities that emerge when things change.
Year 10 – Microeconomics
Year 11 – Macroeconomics
Business Studies at GCSE is a multi-skilled subject. For example, with regards to entrepreneurial activity it is often creativity and individual flair that allows people to come up with original ideas. The finance section involves the use of numbers, although you don’t need to be a great mathematician to succeed at GCSE level. People management will teach you how to be a better manager and develop your own inter-personal skills. There will always be an aspect of the course that suits every individual’s strength, but it will also allow you to develop other skills that can be transferred across the curriculum and beyond.
The course is designed for maximum student access and understanding, particularly with the focus on entrepreneurship and small business. There are several key areas split across the two years.
In Theme 1, students look at showing enterprise, spotting a business opportunity, putting a business idea into practice, making a start-up effective and understanding the external influences.
Theme 2 looks at the growing an established business and the decision-making processes surrounding marketing, operational, financial, and human resource.
Whatever career you end up in Business Studies will be relevant in some way. There is a distinct possibility that you will either work for someone or for yourself. The range of transferable skills will be useful in your professional and personal lives.
From 2023:
Economics GCSE is taught from Year 10
A qualification in economics helps students understand the world around them. It enables students to understand people, businesses, markets and governments, and therefore better respond to the threats and opportunities that emerge when things change.
Year 10 – Microeconomics
- Economic Foundations - Economic activity Factors of production Economic problem Opportunity cost.
- Resource Allocation - Scarcity and choice Primary, secondary and tertiary sectors, specialisation.
- How prices are determined - Markets Economic sectors Demand, supply and market equilibrium Elasticity.
- Production, costs, revenue, and profit - business objectives, how to identify and calculate business performance.
Year 11 – Macroeconomics
- Government Objectives – Government Economic Objectives
- Rate of interest, savings, borrowing affects on spending and investment.
