Lower 6th Form CurriculumSyllabus Followed: Edexcel
Entry Requirements: Grade B in Mathematics plus Grade B in English Language
Three units are covered and externally assessed.
Three units are covered and externally assessed.
Every society has to make decisions about how to use its limited resources. The study of Economics begins by attempting to analyse how these decisions and choices are made by individuals, firms and governments. Economics offers powerful insights into the way we live. By studying Economics, you should improve your understanding of matters that profoundly affect us all.
Business Studies can be viewed in part as the practical application of Economics to the business environment of the real world. In Business Studies, government and consumer behaviour are analysed in terms of their effects on business. For example, the Economist will be trying to answer the question “What factors will lead to changes in the level of interest rates?” For the business analyst, the important issue is “What effects will changing the rate of interest have on business?”
In Economics, the emphasis is rather wider; it involves the implications for society. In turn, Business Studies is much wider than the practical application of Economics; it also involves consideration of aspects of law, accountancy and psychology, which are not covered in the Economics course.
You will be expected to use and interpret graphs, tables, bar charts, pie charts etc. In some topic areas numerical calculations such as percentage changes are also required. However, you will not be required to undertake exceptionally difficult calculations. You will also be required to combine your ability to interpret data, with an ability to write coherently and analytically.
