Business & Economics - KS5

What do you need to know, or be able to do, before taking this course?

You may not have studied any business or economics related subjects before, but that does not matter! What is much more important is that you show a commitment to succeed in setting up and running a business and how a business may be affected by the global economy. You will be expected to have at least a grade ‘C’ in GCSE Maths and English.

What Will You Learn?

AS Level (2 Modules)

1. Developing New Business Ideas (50% of the total AS marks)

  • Business Opportunities
  • Entrepreneurial skills
  • Business ideas in practice
  • Economic context for business

2. Business Economics (50% of the total AS marks)

  • How businesses are affected by market forces and market structures
  • Microeconomics
  • Macroeconomics and affects on business

A2 Level (2 Modules)

3. International Business (50% of the total A2 marks)

  • International Markets
  • International trade
  • Globalisation
  • Multinationals

4. The Wider Economic Environment and Business (50% of the total A2 marks)

  • Market Failure
  • Regulation of markets
  • Govt role in economic and social welfare

Method of Assessment

AS Level

2 written papers, each lasting 1 hour 15 minutes.

A2 Level

2 written papers. Module 3 is a case study based examination. Module 4 requires student to write a decision making report based on a pre-released case study.

What can you do after you have completed the course?

The course provides a solid foundation for studies at a higher level in the following subject areas:

  • Business Management/Administration
  • Accountancy & Finance
  • Human Resources Management
  • Marketing
  • Retail Management
  • Tourism Management
  • International Business

It can also lead on to a career in the commercial world, e.g. in banking, sales, product management or general management. Business and management skills are also desirable in public sector organisations or charities.