Summer 2019 Tanzania Expedition

Following the success of this summer’s expedition it is very exciting to be offering our Year 10, ...

6th Form Open Evening 2017

Sixth Form Open Evening for Entry Sept 2018 takes place on Wednesday 15th November 5pm. Applicatio...

Press Release GCSE Summer 2017

At Therfield we are, once again, very pleased with our students’ results in the more challenging G...

Press Release A Level Exams 2017

We are delighted with this year’s A Level results, all the more considering the increased level of...

DT Workshop – Curriculum Enrichment Days (July 2017)

On Monday 17th and Tuesday 18th July, the Year 7 cohort collaborated in a one day ‘DT Workshop’ wh...

  • Summer 2019 Tanzania Expedition

  • 6th Form Open Evening 2017

  • Press Release GCSE Summer 2017

  • Press Release A Level Exams 2017

  • DT Workshop – Curriculum Enrichment Days (July 2017)

Business and Economics

The Business and Economics department KS4 and KS5. We are fully committed to the school's mission statement and deliver high quality teaching and learning by engaging the students. The students have the opportunity to study the social, political, economic and environmental issues that face the UK today.

We strongly believe that the department’s subjects provide students with both skills and knowledge that will benefit them throughout their lives. By encouraging students to develop intellectual, critical and leadership skills, we believe that students will be fully equipped to be active citizens in modern UK society.

 

AQA GCSE Business 

GCSE qualifications in Business Subjects should encourage students to be inspired, moved and challenged by following a broad, coherent, satisfying and worthwhile course of study and gaining an insight into related sectors. Business Studies prepares students to make informed decisions about further learning opportunities and career choices.

GCSE Business Subjects enable students to:

  • Actively engage in the study of Business in order to develop as effective and independent students and as critical and reflective thinkers with enquiring minds.
  • Use an enquiring, critical approach to distinguish facts and opinions so as to build arguments and make informed judgments.
  • Develop and apply knowledge, understanding and skills to contemporary issues in a range of local, national and global contexts.
  • Consider the extent to which business and economic activity can be ethical and sustainable.

Assessment

Unit 1: Setting up a Business 40%  Exam taken at the end of Year 11

Unit 2: Growing as a Business 35% Exam taken at the end of Year 11

Unit 3: Controlled assessment 25% Research Project about a small local Business in the area

AQA Exam Board Link: http://www.aqa.org.uk/subjects/business-studies/gcse/business-subjects-and-economics-4130

 

AS/A Level AQA Economics

The course involves the study of microeconomics (how prices are determined and how markets work) and macroeconomics (how the national and international economy operates).

At AS Level the course examines macroeconomic issues including current government policy on issues such as unemployment, inflation and economic growth. Microeconomic issues explored include how markets work and how they sometimes fail exploring current issues such as government policy towards the environment and the monopoly power of big business. At A Level the two units develop these ideas to cover business economics including the labour market and the national and international economy in more detail. The emphasis at A2 is on how the European Union and globalisation influence micro and macroeconomic policies and outcomes.

The course is delivered using discussions, quizzes, group work, plenary sessions, hand-out-based class activities, video material and use of the Internet. Students are encouraged to undertake wider reading.

Assessment

Two modules are taken at AS level, and another two modules taken in Year 13 complete the full A level. All four modules are assessed by examinations only.

Unit 1: Markets and Markets Failure 25% 

Unit 2: The National Economy 25% 

Unit 3: Business Economics and the Distribution of Economy25%

Unit 4 The National and International Economy 25%

 

Why study Economics?

Economics provides a sound basis for career development in fields such as finance, management, politics and accounting and forms a suitable stepping-stone to higher education courses as diverse as business, journalism, accountancy, law, geography. history or economics. 

Competent Economics graduates can expect to earn more over their working lives than those in many other professions as they are usually in short supply and because the program of study develops their critical thinking skills. It is an "academic" subject and recognised by the Russell Group of leading universities whose members include the Universities of Oxford, Cambridge, The LSE, Exeter, Warwick, Durham and Leeds amongst others. Many students find that economics complements mathematics, politics, history, geography, languages or science A levels very well and an interest in current affairs is particularly beneficial. If you are thinking about taking economics at university you will be expected to have a high standard of mathematics so studying AS mathematics alongside this subject would be advisable.