Business Studies IGCSE (CIE Syllabus 0450)

The Business Studies IGCSE will cover the major aspects of business activity in the modern world.

The course looks at business activity and its role within the economy of a country. Students will study business growth and the problems associated with it. Ideas such as internal organization and structure are related to the changing business environment across regional, national and international economies.

Students will study the main functions of a business, exploring the important role of Human Resources and the activities undertaken in Marketing. The course then develops by looking at the Operations management of a business and studying how financial decisions are made. Finally, students will understand the external influences on business activity, such as government policies and ethical issues.

Aims

By the end of the course students should have an understanding of how businesses operate in the world. They should be able to appreciate the perspectives of a range of stakeholders in relation to the environment, individuals, society, governments and enterprise. They will be able to distinguish between facts and opinions, and evaluate qualitative and quantitative data in order to help build arguments and make informed judgements. The students will use the knowledge they learn to become business advisors.

Assessment

Assessment is by two examination papers which are both equally weighted. Paper one is made up of shorter structured questions and paper two features a case study based on a fictional business.

The course is best suited to students who have an interest in business and how it operates in an international environment. The subject is ideal for those who enjoy problem solving. No previous knowledge of Business Studies is required although a good knowledge of current affairs helps a great deal