Business Studies, Economics and Enterprise
Welcome to the Economics and Business Studies Department
Business Studies and Economics are very popular subjects both at GCSE and A Level.
At (I)GCSE level we run two courses at DESC. These are GCSE Business Studies (AQA) and IGCSE Economics (CIE).
GCSE Business Studies introduces students to key concepts and ideas used in business. These include Finance, Marketing, Human Resource Management and Operations. Students are expected to use the skills they develop to solve ‘real life’ business problems. The course is examined by two written papers at the end of Year 11 (75%) and a Controlled Assessment (25%) which requires research about an existing business and how it could improve its operations.
Cambridge IGCSE Economics is accepted by universities and employers as proof of knowledge and understanding of economics.
Successful Cambridge IGCSE Economics candidates gain lifelong skills, including:
- an understanding of economic theory, terminology and principles
- the ability to apply the tools of economic analysis
- the ability to distinguish between facts and value judgements in economic issues
- an understanding of, and an ability to use, basic economic numeracy and literacy
- the ability to take a greater part in decision-making processes in everyday life
- an understanding of the economies of developed and developing nations
- an excellent foundation for advanced study in economics.
The course is examined by two written papers at the end of Year 11.
Paper 1 Multiple choice 45 minutes Candidates answer 30 multiple choice questions. Weighted at 30% of total available marks.
Paper 2 Structured questions on real economic situations, 2 hours 15 minutes , Weighted at 70% of total available marks.
At A level the content is split into two main sections, the first section introduces students to microeconomic issues and the second section covers mainly macroeconomic issues. At this stage of the course students will learn to appreciate that microeconomics and macroeconomics are not entirely distinct areas of study. They will be aware that microeconomic principles often provide fundamental insights into understanding aspects of the macroeconomy. Similarly, that economic issues and problems often contain both a microeconomic and macroeconomic dimension.
At A level, students will be assessed through three examination papers. The first paper will examine microeconomics, Individuals, firms, markets and market failure and the second paper will examine macroeconomics, The national and international economy.
The third paper will include both micro and macroeconomics. At this stage of the course students will be expected to recognise when it is appropriate to use microeconomic and/or macroeconomic models.
To find out more about each of these subjects, click on the subject link above.