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Business & Economics

BUSINESS AND ECONOMICS

Prince Henry’s is home to a vibrant Business and Economics Department. We offer Business at GCSE level as an option for our Y10 and Y11 students and both Economics and Business at A Level for our sixth form students. The department has three specialist teachers, all of whom have significant experience in teaching both subjects and in working outside education in industry.

Lessons are taught in a dedicated Business and Economics department which consists of a computer room, a large classroom and a seminar room.

There are opportunities within the school for students to take part in the Young Enterprise scheme and the department regularly enters students in inter-school and industry competitions.

KEY STAGE 4

Business is a popular optional subject and is studied at GCSE level following the Edexcel Level 1/Level 2 GCSE (9-1) specification 1BS0. There are two themes. Theme 1 is taught in Year 10 and is an introduction to small business. It provides a framework for pupils to explore core concepts through the lens of an entrepreneur setting up a business. Pupils will develop mathematical skills to support, inform and justify business decisions. Theme 2 is taught predominantly in Year 11 and explores business in a national and global context.

KEY STAGE 5

The A Level Business course offered is the AQA 7132 linear course. In Year 12 students gain a detailed insight into the functional areas of business: finance, marketing, human resources and operations. In Year 13 the emphasis is on strategy in a local, national and international context. Teaching is shared between two members of staff.
Information on the course content can be found on the following AQA website;
https://www.aqa.org.uk/subjects/business/as-and-a-level/business-7131-7132

The A Level Economics course follows the Edexcel 9EC0 specification. There are two themes studied in Year 12 in which students gain an understanding of how markets work and why they fail. Current macroeconomic issues are also investigated such as economic growth, employment and inflation. In Year 13 the focus is on business economics and the global economy. An awareness of the current economic climate is strengthened by participation in national financial competitions. Teaching is shared between two members of staff.
Information on the course content can be found on the following Edexcel website;
https://qualifications.pearson.com/en/qualifications/edexcel-a-levels/economics-a-2015.html

EXTRA CURRICULUM

For GCSE students we arrange a Business fayre for Y10 students each December. This is an opportunity for students to plan, implement, market and sell their own products to fellow students during one lunchtime. This is valuable experience in putting into practice business theory such as break-even analysis, the marketing mix and profit (or loss!) analysis. We also regularly take part in different inter-school Business competitions either run by individual businesses or by Government institutions.

For A level students we arrange a trip to see Business and Economics concepts in action in the outside world. This might be to individual businesses or institutions such as the Bank of England. We also take part in sixth form competitions. For example in 2019 we were runners up in a national, export themed, competition run by the Department of International Trade.

July 2020