For Business Studies, pupils have the opportunity to study topics in marketing, finance, human resource management and operations management. The subject looks at the practical application of subject concepts to real life businesses. It is interesting to realise that one of the largest organisations in the world, Apple plc, does not believe extensive market research is important to them as a business. Steve Jobs in 1985 said, “We built [the Mac] for ourselves. We were the group of people who were going to judge whether it was great or not. We weren't going to go out and do market research.”
As a department, we not only pride ourselves on delivering the subject content but also on developing the employability skills of our pupils. As such, we have numerous opportunities for the Sixth Form such as the Haberdashers’ Monmouth Enterprise Initiative, The Young Enterprise, CIPFA management game, Business Accountancy and Skill Education (BASE) etc. For GCSE Business studies, the opportunities include the House Enterprise Championship, The Ryman National Challenge and other local council based initiatives.
Economics is an ever-changing subject which has relevance to every person for each day of their lives. It looks at the micro-economic decisions faced by businesses and households using our finite resources to improve the economic and social welfare of the world population. It also looks at government policy decisions and their implication for employment, economic growth, inflation, etc., and how the UK trades with the EU and the rest of the world.
Interesting headlines such as these allow you to understand how economic models can be used to analyse and evaluate economic variables.
The popularity of this subject has soared since the 2008 financial crisis as most pupils want to find out why the financial crisis happened and what new regulations are in place to prevent another global recession. Many of our pupils have gone on to study the subject at prestigious universities such as Oxbridge, Warwick, Lancaster and Loughborough.
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Financial studies was introduced to AS level pupils from 2015 and is a one-year course aimed at developing pupils’ accounting skills. More information about the course can be found here.
Mr S Obeng-Asare
B.Ed. (Cape Coast) M.A. (Wolverhampton) PGCE (Homerton College, Cambs)
Head of Junior Boarding and Head of Business Studies & Economics