Business and Economics
Business and Economics Curriculum Intent Statement
In Business and Economics, we aspire to provide an enjoyable learning experience for all our students so they develop into rational citizens, through their consumer behaviour and decision-making. Having acquired a full understanding of how and why businesses behave in certain ways in the real world, and the impact changes in the economy have on these businesses, students will see the importance of making rational decisions.
Learning how to apply their knowledge and understanding to different business contexts ranging from small enterprises to large multinationals and businesses operating in local, national and global contexts, students’ develop a curiosity and interest in the decision-making process and behaviour of businesses. They understand how businesses meet the needs and wants of society. Analysing the importance of each of the different functions in a business such as the Accounting and Finance department, Human Resources Department, Operations Management Department and Marketing Department enhances their ability to understand the internal workings of a business. By analysing both internal and external factors, students see how both business and economics influences simple everyday consumer behaviour, such as how the price they pay for goods and services, is influenced by decisions made by the Government through taxation, and the Bank of England through changes in interest rates.
|KEY AREAS THAT EMBED THE TEACHING OF BUSINESS AND ECONOMICS|
|Business in the real world||Accounting and Finance||Economic Growth||Monetary Policy|
|Internal and external influences on business||Risk and contingency management||Full Employment||Supply-side policy|
|Business Operations||Business objectives and strategic decisions||Price Stability||Market Failure|
|Human Resources||The Global Environment||Balance of Payments||Government intervention/Failure|
|Marketing||Forecasting and decision making||Fiscal Policy||Competitive market|