Economics
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Economics, Business and Enterprise

Economics, Business, and Enterprise faculty offers a variety of qualifications at Sandringham School, from Year 9 to Year 13.

The faculty comprises:

  • Rachel Harding- Director of Learning
  • Marvin Brown – Teacher
  • Vikki Borman – Teacher
  • Victoria Sage – Teacher
  • Katie Cave – Teacher

In Year 9, students get their first experience of the faculty through an Enterprise Module, where students learn about basic principles of business and enterprise, and work in teams on a variety of challenges:

  • Enterprise Module:
    • Autumn: Real Business Challenge
    • Winter: The Apprentice Challenge
    • Spring: Tenner Challenge
    • Summer: Ethical Challenge

In Year 10 and 11, students can take either BTEC Enterprise, GCSE Business or GCSE Economics:

BTEC Technical Award in Enterprise

What is BTEC Enterprise?

A BTEC Technical Award in Enterprise is a level 2 course, equivalent to one GCSE qualification. On this course, you will be able to learn Business practically. You will delve into the world of finance, marketing and promotion to gain a hands on experience of the business world. As part of the course you will also learn a variety of ways to analyse and evaluate real situations and, therefore, make judgements surrounding business strategy.

 

What topics will I cover?

During this course you will study:

  • The characteristics of enterprises and skills needed by entrepreneurs
  • Market research and competitor behaviour
  • Factors that contribute to the success of an enterprise
  • How to plan and pitch a micro-enterprise activity
  • The different promotional methods used by enterprises
  • The importance of keeping financial records
  • Ways that an enterprise can improve its performance

In the first component, you will learn how to set up and run a small business and reflect on the skills and attributes of entrepreneurs. You will learn about types of marketing; how and why businesses conduct market research and how they apply a marketing mix to attract their customers.  This component will require you to research a small business to understand why it is so successful. Building on from this you will then develop your own plan for a small business opportunity and pitch it to a provider of finance.  You will finally study how businesses promote their products and manage their finances. Throughout the course you will develop transferable skills, such as report writing, research, presenting and pitching an idea, data analysis and self-reflection.

What examination board will I follow?

Edexcel

 Who should I speak to for further information?

Mrs Harding, Miss Borman or Mr Brown

 

 

GCSE Business

What is GCSE Business?

On this course you will find out how businesses start up, grow and manage their day-to-day affairs. The course examines how businesses operate in the global economy. The course focuses on the key areas of business, such as; marketing, finance, operations and human resource management, and investigates how businesses are affected by their external environment. As part of the course, you will also learn a variety of ways to analyse and evaluate real situations and, therefore, make recommendations based on business strategy.

What topics will I cover?

Theme 1: Investigating Small Business (Year 10):

  • Enterprise and entrepreneurship
  • Spotting a business opportunity
  • Putting a business idea into practice
  • Making the business effective
  • Understanding external influences on business

Theme 2: Building a Business (Year 11)

  • Growing the business
  • Making marketing decisions
  • Making operational decisions
  • Making financial decisions
  • Making human resource decisions

 

You will learn about types of ownership, why businesses conduct market research and how they apply a marketing mix to attract their customers. You will consider why they analyse the market. You will also reflect on the skills and attributes of entrepreneurs, the main forms of businessownership and legal issues. You will study how businesses manage their finance and the sources of finance available to them. Simple economic concepts are introduced. You will gain an insight into how large businesses are run successfully and why they fail. Throughout the course, you will make links across the different areas of business to consider, for example, the implications for finance of launching a marketing campaign on a national scale. As part of this course you will have the opportunity to take part in the Tycoon in Schools Programme and in doing so you will get hands on experience of the world of Business

How am I assessed?

You will be assessed through two external examinations, each lasting 90 minutes and worth 50% of the overall qualification. The papers assess your knowledge, and ability to apply, analyse and evaluate problems in a specific business context using a mix of multiple choice questions, calculations, short answer questions, case study questions and extended responses.

  • Paper 1 covers: Theme 1: Investigating small business
  • Paper 2 covers: Theme 2: Building a business

 

What examination board will I follow?

Edexcel

Who should I speak to for further information?

Mrs Harding, Mrs Cave  or Mr Brown

 

 GCSE Economics

 

What is GCSE Economics?

On this course you will find out how individuals and firms operate in the UK and global economy. You will study how recent events such as BREXIT may impact the UK and Europe and understand the role of the political environment in which we exist.

What topics will I cover?

The course is split into two elements consisting of Microeconomics and Macroeconomics.

The break down can be seen below:

Microeconomics:

  • Introduction to Economics
  • How prices are determined
  • Production, costs, revenue and profit
  • Competition in markets
  • The role of money and financial markets

Macroeconomics:

  • Government objectives
  • How the government manages the economy
  • Limitations of markets
  • International trade and the global economy

 

You will gain an insight into what is happening in the current economic climate and strategies the government can use to influence the economy. You will study supply and demand and consider how to achieve sustainable growth in developing nations.  There may be an opportunity for you to take part in the Tycoon in Schools programme, and in doing so gain a deeper understanding of business decision making

 

What examination board will I follow?

OCR

Who should I speak to for further information?

Mrs Harding, Mrs Sage  or Mr Brown

In Year 12 and 13, students can take one of the following: GCE EconomicsGCE Business, or BTEC Business L3 (which is taught at both Sandringham and Beaumont). In addition, students can take a L3 Certificate in Financial Studies in Year 12.

GCE Economics

Course Aims

In this course you will be required to think like an economist and carefully weigh up the costs versus the benefits of many decisions. You will look at models and learn to think logically. You will need good written and oral communication skills. Strong mathematical skills are also required.

In Year 12 students will be introduced to Micro- and Macro-economics. Micro-economics seeks to explain how firms and individuals make choices in a world with scarce resources. You will become familiar with some basic economic models such as supply and demand. Macro-economics seeks to explain trends in the wider economy and how the government can influence these trends. You will be assessed through examinations which require multiple-choice plus a justification of your answer, data-response questions, and open-ended essay questions.

Course Structure

Examination Board: Edexcel www.edexcel.com

 A Level   

Paper 1: Markets and business behaviour – Exam: 35% – 2 hrs

Paper 2: The national and global economy – Exam: 35% – 2 hrs

Paper 3: Microeconomics and macroeconomics – Exam: 30% – 2 hrs

 Future Pathways

Students go on to study a wide variety of related subject such as: Accountancy, Consultancy, International Business, Investment Banking, Retail Management and Politics. For students considering studying a degree in Economics, universities expect students to have studied A Level Mathematics.

GCE Business

Course Aims:

Students are introduced to business through building knowledge of core business concepts and applying them to business contexts to develop a broad understanding of how businesses work. Breadth and depth of knowledge and understanding, with applications to a wider range of contexts and more complex business information, are developed in the second year, requiring students to take a more strategic view of business strategies and issues.

Course Structure

Edexcel www.edexcel.com

At the end of year thirteen students will sit three papers, broken down as follows:

A Level                 

Paper 1: Marketing, people, and global businesses – Exam: 35% – 2 hrs

Paper 2: Business activities, decisions, and strategy – Exam: 35% – 2 hrs

Paper 3: Investigating businesses in a competitive environment – Exam: 30% – 2 hrs

 

The course is split into a number of themes. Themes 1 and 2 are studied in year 12, while Themes 3 and 4 are studied in year 13.

Theme 1 and 4 will be assessed in paper 1. Theme 2 and 3 will be assessed in paper 2, and paper 3 is a combination of all themes based on a pre-release case study.

Future Pathways

Students go on to study such a wide variety of related subject such as: Accountancy, International Business, Retail Management and Politics. Hopefully some students will become the successful entrepreneurs and world leaders of the future!

BTEC Business

 

BTEC Level 3 National Extended Certificate in Business

Course Aims:

The BTEC Level 3 National Extended Certificate in Business broadens knowledge focus from the BTEC Enterprise Level 2 qualification. There is potential for the qualification to prepare learners for employment in the appropriate vocational sector and it is suitable for those who have decided that they wish to enter a particular area of work. It is the equivalent  of one A Level.

 Qualifications and Qualities Needed

Students must achieve GCSE grades ‘5’ in English Language and Mathematics or a ‘Merit’ grade in BTEC Level 2Enterprise. You must be an independent learner and able to meet deadlines.

Course Structure

Edexcel www.edexcel.com

The course is divided into internally assessed units and externally assessed units. Internally assessed units will be  assessed, via students completing coursework assignments. The assignments will use a variety of assessment methods, such as writing reports, delivering presentations, or demonstrating skills within a group. In accordance with Exam board regulations, students will be given one resubmission opportunity to achieve the Pass, Merit or Distinction criteria, so they must complete their work on time, to a high standard.

Units studied

  • Exploring Business (internally assessed)
  • Developing a Marketing Campaign (externally assessed)
  • Personal and Business Finance (externally assessed)
  • Investigating Customer Service (internally assessed)

 

Future Pathways:

Students go on to study such a wide variety of related subject such as: Accountancy, International Business, Retail Management and Marketing. Hopefully some students will become the successful entrepreneurs of the future!

Enterprise

Furthermore, we aim to offer enterprise opportunities to students across the school:

  • KS4: Tycoon in Schools
  • KS5: Young Enterprise
  • A route to higher education
  • A career in financial services
  • UCAS tariff of 60 points at grade A

Course Aims

The qualification will enable students to make informed and confident decisions regarding their finances. It will help students to become responsible borrowers, sensible savers and have an appreciation of the need for financial planning throughout their life. It is designed to encourage students to be inspired to meet their lifetime aspirations.

Qualifications and Qualities Needed.

Students are expected to be self-motivated and be interested in the financial world. Wider reading from appropriate websites and the personal finance section from newspapers is expected. Students receive a set of course notes and they will be expected to keep up with the required reading as well as consult the LIBF website for further relevant materials.

Course Structure

The course is divided into three units and each unit will focus on a different aspect of finance.

Unit 1:  Financial management in the short term

Unit 2:  Financial management in the medium to long term

The course is designed to teach students how to apply appropriate solution(s) from the wide range available within the evolving financial services marketplace. The course provides financial literacy and life skills which is appropriate for students wishing to pursue a career in finance, or simply wishes to understand how to manage their finance better.

Assessment

There are four exam papers:

Unit 1 Part A: 35 multiple choice questions (25%)

Unit 1 Part B: small mark and essay questions based on a pre-released case study (25%)

Unit 2 Part A: 35 multiple choice questions (25%)

Unit 2 Part B: small mark and essay questions based on a pre-released case study (25%)

Future pathways

This qualification is the  equivalent to AS and worth 28 UCAS points at grade A*). It is possible to study finance to degree level. This qualification acts as a great springboard to future careers in business, finance, managerial and economics. It complements any university applications for courses in these areas.

Enterprise

Furthermore, we aim to offer enterprise opportunities to students across the school :

KS4 : Tycoon in Schools

KS5 : Young Enterprise

At KS4 the enterprise opportunities  are integrated within the curriculum, whilst Young Enterprise is open to any student in the Sixth Form.

 

Beyond Sandringham

Finally, there is keen focus on providind our students with the passion and understanding and skills to study Economics, Business and Enterprise relates courses at college or university or pursue related careers.