• BusStudies1

Business Studies

 

Welcome to HWGA Business Studies Department, where we believe…

“It’s never too early to study about the world of business.”

“Why study business?”

Business and related subjects (such as the ‘FAME’ group – finance, accounting, management and economics) are among the most popular fields of study at universities worldwide, particularly at graduate level. You might have some vague ideas that this is because business graduates are in high demand worldwide.  Business touches on pretty much every aspect of modern human society. Careers with a business degree are diverse and often highly paid.

Staffing:

 

Head of Business Studies - Mrs S. Butt - Room W103

 

Aims

help students fulfill their potential through studying a wide range of business & economics related topics

develop students’ future work-related and employability skills.

Courses offered

The courses available at HWGA enable students to develop independent thinking skills, solve problems and develop decision-making whilst understanding the dynamics of business activity and the influence this has on decision-making processes within a business. 

KS4 - AQA Business Studies

Examination requirements

Two written external examinations and one controlled supervised assessment

Unit 1 - Starting a Business

External Assessment of 60 marks

1 hour in length

Worth 40% of a GCSE grade

Unit 2 - Growing as a Business

External Assessment of 60 marks

1 hour in length

Worth 35% of a GCSE grade

Unit 3 - Controlled assessment

A pre-released business investigation & research scenario set by the exam board [AQA]

Students are allowed a maximum of eight hours [class time] to research the business and scenario

Students have three hours to write up their findings, working independently under teacher supervision and exam conditions

Worth 25% of a GCSE grade

KS5 - GCE A LEVEL - AQA BUSINESS STUDIES

This Advanced Level course offers students a varied, entertaining and demanding two years. The course enables students to focus on the dynamic nature of the contemporary business world. It provides them with opportunities for research into topical business issues and to follow business developments.

Students will gain an insight into different contexts which will help them to understand the key issues and to think critically when analysing business situations.

A level

What is business?

Managers, leadership and decision making

Decision making to improve marketing performance

Decision making to improve operational performance

Decision making to improve financial performance

Decision making to improve human resource performance

Analysing the strategic position of a business

Choosing the strategic direction

Strategic methods: how to pursue strategies

Managing strategic change

External Assessment

Paper1: based on all the A level content

2 hour written examination

100 marks, 33.3% of A Level weighting

Three data response compulsory questions

Paper 2: based on all the A level content

2 hour written examination

100 marks, 33.3% of A Level weighting

One compulsory case study

Paper 3: based on all the A level content

2 hour written examination

100 marks, 33.3% of A Level weighting

One compulsory case study

Entry requirements

GCSE grade A*-C in Mathematics and English is preferred. It is not necessary to have studied Business Studies at GCSE level.

KS5 - Ifs UNIVERSITY COLLEGE – LEVEL 3 FINANCIAL CAPABILITY

The Certificate in Financial Studies (CeFS) is primarily designed for students aged 16–19 and provides a comprehensive introduction to personal finance. The CeFS provides a solid basis for creating financial inclusion, by exploring social-economic trends and their relationship with an individual’s circumstances and attitudes.

The Diploma (DipFS) builds on the skills and knowledge acquired through successful completion of the Certificate in Financial Studies and extends this to include areas such as financial sustainability within the wider financial services system, and the long-term impact of debt. Within DipFS the student explores the political, economic, social, technological, ethical and legal impacts of personal finance in the short, medium and longer terms. Through this, a greater understanding of the impact that global events can have upon consumers and the wider financial services industry is developed.

Y12 CeFS –Level 3 Certificate in Financial Studies

Key content areas

Importance of financial capability in the immediate, short, medium and long term.

Financial services and products, including sources of help and advice.

Borrowing, budgeting, financial planning and cash flow forecasting.

The impact of external influences at different stages in the personal life cycle.

Risk and reward in managing personal finance.

Entry requirements

There are no prior learning requirements although students would be expected to have acquired a minimum GCSE grade C in English and Mathematics to enable study at Level 3. This qualification carries the maximum UCAS points available, as described on their website.

Structure of the CeFS

CeFS is made up of two mandatory units which need to be successfully completed in order for the student to achieve the certificate:

i. Unit 1: Financial Capability for the Immediate and Short Term (15 credits)

ii. Unit 2: Financial Capability for the Medium and Long Term (15 credits)

External assessment Structure

All components and units are mandatory. Both units will be assessed by e-test / written paper made up of the following components:

(Part A) multiple-choice questions: 35 x 1 mark for each correct answer (total marks: 35 / 100);

(Part B) a written examination based on a pre-released case study requiring essay responses to 5 questions (total marks: 60 / 100); and spelling, punctuation and grammar to be marked through the essay responses (total mark 5 / 100).

Y13 DipFS –Level 3 Diploma in Financial Studies   

Key content areas

Importance of financial capability in the immediate, short, medium and long term.

The impact of external influences at different stages in the personal life cycle.

Risk and reward in managing personal finance.

Personal and external factors that lead to change.

Maintaining financial sustainability and avoiding long-term debt.

The financial services system and financial sustainability (individual and general).

Marketing techniques

Entry requirements

DipFS is made up of four mandatory units, the first two of which are achieved through the Certificate in Financial Studies (QN 6008537X). Students are expected to have acquired a minimum GCSE grade C in English and Mathematics to enable study at Level 3.

Progression and preparation for further study

This qualification serves as an excellent grounding for undergraduate study within finance and business-related disciplines, with many students going on to study accounting, business, finance and banking. The DipFS provides an excellent platform for progression through further or higher education. As a larger qualification than the Certificate in Financial Studies, it has a higher UCAS tariff and carries the maximum UCAS points available, as described on the website.

Structure of the DipFS

DipFS is made up of four mandatory units which need to be successfully completed in order for the student to achieve the diploma. Units 1 and 2 are studied as the CeFS

i. Unit 1: Financial Capability for the Immediate and Short Term (15 credits)

ii. Unit 2: Financial Capability for the Medium and Long Term (15 credits)

iii. Unit 3: Sustainability of an Individual’s Finances (15 credits)

iv. Unit 4: Sustainability of the Financial Services System (15 credits)

External Assessment Structure

All components and units are mandatory. All four units will be assessed by e-test / written paper made up of the following components:

(Part A) multiple-choice questions: 35 x 1 mark for each correct answer (total marks: 35 / 100);

(Part B) a written examination based on a pre-released case study requiring essay responses to 5 questions (total marks: 60 / 100); and spelling, punctuation and grammar to be marked through the essay responses (total mark 5 / 100).

A total of 400 marks are available from all four units comprising 100 marks per unit. The pass mark for Part A will be 40%. The pass mark for Part B will be set for each session to reflect any small variations in question paper difficulty. A unit pass requires 40% of UMS marks, though both Part A and Part B must also be passed.

Visits and Events

Educational visits are an integral part of any Business Studies course. They allow students to gain a real life experience of the concepts studied in the classroom.  At HWGA, we endeavour to provide students with varied opportunities to deepen their knowledge and understanding of the broad range of topics explored. The purpose of these visits enables students to fully develop their application, analysis and evaluative skills: essential in all elements of written work and examination answers to achieve success at a high level.

Visits currently planned include:-

Year 10 Autumn 1 -Tutor2u Entrepreneur LIVE Road Show, Star City, Birmingham

Year 11 Spring 1 – Jaguar, Castle Bromwich Birmingham, presentation & tour

Year 12/13 Spring 2 - Tutor2u Student Revision Conferences, Star City, Birmingham

Educational visits to business districts in Europe & New York are currently being investigated for future consideration in 2016-2017.

Enrichment & Competitions

Business and Economic activities outside the classroom provide students across all Key Stages a fantastic prospect to develop essential life and employability skills. By being creative risk takers they are able to follow structured programmes that allow them to put their innovative ideas into action as real entrepreneurs. Various enterprise challenges/projects are available that provide students a channel to apply and showcase their business interests.  At HWGA the following opportunities are currently available:-

Mosaic Enterprise Challenge

Tycoon in Schools

Young Chambers Skills Factor Competition

HWGA Y9 Dragons’ Den Competition

HWGA Business Buddies Club

 

Homework & Assessment

Students will be set homework on a weekly basis which will be posted onto Bromcom for parents to track.  Similar to the diverse range of learning activities complete during the lessons, a variety of tasks will also be set for homework and assessment to develop students’ knowledge of the subject, a range of exam techniques and skills essential useful for the work of world.

How parents can help

To achieve success at a high level in any subject, wider reading is crucial to embed the learning acquired during the lessons.  This is paramount for Business Studies as it is an ever changing subject that examines issues that are current to every aspect of our daily lives. Parents should encourage their daughter to make notes to supplement classroom discussions if she wish to achieve high grades in her written work and external exams. Below are some suggested reading materials.

 

AQA                GCSE             Business Studies                     Malcolm Surridge & Andrew Gillespie

AQA                GCSE             Business Studies                     Peter Stimpson, Rachel Sumner, et. el

AQA                AS                   Business Studies                     S. Foden, D. Mansell & P. Stimpson

AQA                AS                   Business Studies                     Gwen Coates & John Wolinski

AQA                A                      Business Studies                     H. Coupland-Smith et. el

AQA                A                      Business Studies                     Gwen Coates & John Wolinski

AQA                GCSE             CPG Business Studies Revision Guide          Various

AQA                AS                   CPG Business Studies Revision Guide          Various

AQA                A LEVEL         CPG Business Studies Revision Guide          Various

Ifs                    LEVEL 3          Course Unit textbooks

All                    A LEVEL         Business Review magazine    Publisher – Philip Allan

All                    4 & 5                Good quality newspapers