Business Subject Desc

Economics A Level Business CAMTEC Level 3 Financial Studies LIB&F Level 3

business finance & economics

Business Studies A Level

Business Studies A Level When do I start studying for this qualification?

September 2020.

For how long will I study?

For two years.

What is this course about?

This course covers all sizes of businesses from those selling locally to those operating globally. All aspects of business will be studied and you will consider the many external influences that require decisions, planning and responses.

What topics will I study?

You will be introduced to core business concepts and apply them to business contexts to develop a broad understanding of how businesses operate. The core of the first year focuses on the four functional areas of marketing, operations, finance and managing people and considers how decision making improves performance.

The second year of the course moves from looking at the individual functional areas and decision making to strategic decision making for the whole business as well as causes and pressure for change and how to manage change effectively, both in domestic and global markets.

Themes studied are:

Theme 1: Marketing and People Theme 2: Managing Business Activities Theme 3: Business Decisions and strategy Theme 4: Global business How will my work be assessed?

In the second year there are three 2 hour exams taken at the end of the course. All three papers are assessed on one or more of the following contexts; local, national or global. Papers one and two each consists of two parts, each part comprising a data response question broken down into a number of sub questions. • • •

Paper 1 consists questions based on themes 1 and 4 (35% of total marks) Paper 2 consists questions based on themes 2 and 3 (35% of total marks) Paper 3 is based on a prereleased research theme together with data response material and can cover all four themes. (30% of total marks)

There is no coursework in either year.

Students may be assessed for an AS qualification in this course throughout the year and critically at the end of the first year as a

measure of progress and determine suitability for progress onto year 2.

What skills and interests do I need beforehand to be a successful applicant for this course?

No previous knowledge of Business Studies is required; indeed most students know very little about the subject before they start the course. An interest in current affairs is an advantage. You will need to be confident at writing essays, numerical skills and in analysing information and making judgements.

What skills will I need to develop during the course to succeed?

To succeed in Business Studies students need to able to absorb a lot of information quickly and be able to write fluent structured answers demonstrating knowledge, numeracy skills, application, analysis and evaluation.

Independent study skills are critical to develop.

Are there any specific entry requirements?

You need a minimum of five GCSEs at 9-4 or A*-C, including grade 4 in English Language.

What are the lessons like?

A range of teaching and learning styles are used during the course.

Formal lessons are combined with discussion, presentations, role play, case studies, task-based learning, and videos, all pitched at a level appropriate to the age

and experience of the students.

Independent study is a crucial part of this course.

What do students say about this course?

“I want to start my own business and the course is going some-way to prepare me for this.”

“I enjoyed the course so much that I wanted the opportunity to come back and tell prospective students about it.”

“What is on the news is now making more sense. ”What have I got to do in order to do well?

• Keep up-to-date with current affairs.

• Complete homework on time and to the best of your ability.

• Engage in class discussions and be prepared to share my ideas.

• Participate and learn from classroom activities.

• Develop good levels of response; knowledge, application, analysis and evaluation.

Is there a similar qualification to this one? If so how do I choose between them?

CAMTEC Level 3 Extended Certificate in Business double qualification, equivalent to one A Level after one year, with the option to take a Diploma for a further year and achieve one extra A Level equivalent. Alternatively,

the CAMTEC Extended Certificate single qualification can be studied over two years. The assessment on the CAMTEC is through coursework and exams and this qualification is recommended for people who have studied Business Level 2 BTEC who aim to progress to the next level.

A Level Economics is more theoretical and requires a deeper understanding of the economy and the workings of markets. Entry requirements are higher.

The London Institute of Banking & Financial (LIB&F) Diploma in Financial Studies is the equivalent of one A Level and is closely related to Business Studies.

Are there any other qualifications which combine particularly well with this one?

Business Studies A Level combines well with a very wide range of other A Levels from closely-related Economics and the LIB&F Diploma in Financial Studies, to A Level Maths or Statistics, to humanities such as A Level Psychology, A Level Sociology, A Level Geography and A Level History, to sciences and creative subjects.

You cannot study A level Business alongside CAMTEC Business.

What do people do with A Level Business Studies?

Business Studies is an excellent preparation for higher education in a number of areas, including the

further study of the subject itself or economics and entrepreneurship.

It is also an extremely useful background for those considering setting up their own business.

It provides an understanding of businesses, which will be useful for nearly all careers and workplaces.

Economics A Level When do I start studying for this qualification?

September 2020.

For how long will I study?

For two years.

What is this course about?

Economics is the study of how society produces, distributes and consumes resources and wealth. It tries to explain why we make and buy different things, and how the government manages and runs the economy. In both years, students will study related topics but with different levels of complexity.

Both years are divided into halves; Microeconomics, the study of individual markets and their workings. Macroeconomics, the study of the workings of the whole economy.

What topics will I study?

In the first year students will study: The operations of markets and market failure, and the national economy in a global context.

In the second year you will study: Individuals, firms, markets and market failure as well as national and international economies.

How will my work be assessed?

At the end of the second year there are three exams, two (Paper 1 and Paper 2) with an identical format - a choice of one data- response question from two options, and one essay from a choice of three. • Paper 1 is microeconomics. • Paper 2 is macroeconomics. • Paper 3 is made up of two parts: 30 multiple choice questions and a case study question requiring written answers. In addition to testing understanding of the modules, the exams include synoptic assessment.

Each exam makes up 33.3% of the course. There is no assessed coursework.

Students may be assessed for an AS qualification in this course at the end of the first year as a measure of progress.

What skills and interests do I need beforehand to be a successful applicant for this course?

No previous knowledge of Economics is required, however an interest in current affairs and recent history is an advantage, as is the willingness to engage in discussion and debate.

What skills will I need to develop during the course to succeed?

To succeed in Economics students will need to learn to absorb a lot of information quite quickly and write fluent and persuasive English.

Students need to develop the ability to use and interpret graphs and data.

An awareness of current affairs will be highly beneficial.

Are there any specific entry requirements?

You need a minimum of five GCSEs at 9-4 or A*-C, including grade 5 or above in Mathematics (as there is a need to interpret graphs and data, as well as carrying out some calculations) and a grade 4 in English Language.

What are the lessons like?

A range of teaching and learning styles is used during the course.

Formal lessons are combined with discussion, case studies, task- based learning, interactive use of Independent learning tasks and video, all pitched at a level appropriate to the age and experience of students.

What do students say about this course?

“Economics is particularly relevant to the world today; it gave me a greater understanding of news headlines on many issues, from interest rates to company takeovers.”

“The variety of teaching methods

used in this course constantly keeps your attention.”

“You get the chance to discuss issues in the news and about the broader economy, as well as following the syllabus.”

What have I got to do in order to do well?

• Keep up-to-date with current affairs and undertake wider background reading – show interest in the subject and try to challenge yourself.

• Complete all homework on time and to the best of your ability.

• Learn from what you have done, review your work and understand how each topic builds on preceding ones.

Is there a similar qualification to this one? If so how do I choose between them?

Business Studies A Level is less theoretical and more practical. It has different entry requirements.

Are there any other qualifications which combine particularly well with this one?

Students would normally combine Economics with two other A Levels.

Common combinations include Politics, History, Geography, Business Studies and Psychology as well as Maths and Statistics.

What do people do with A Level Economics?

A good grade in Economics is highly regarded by universities and employers. It provides an excellent background for degree level study and careers in Business, Management, Finance, Accounting, Law and Politics.

Business

CAMTEC Level 3 Extended Certificate/Diploma When do I start studying for this qualification?

September 2020.

For how long will I study?

For two years.

One year to complete the CAMTEC Level 3 Extended Certificate in Business (equivalent to one A Level).

Two years to complete the CAMTEC Level 3 Diploma in Business (equivalent to 2 A Levels).

What is this course about?

The qualification is designed to prepare students for employment in the business sector, progression to higher education or apprenticeship opportunities. Students will have the opportunity to develop practical, interpersonal and thinking skills alongside gaining a theoretical understanding of business related topics. This qualification fits well alongside subjects such as Financial Studies and Economics. Government & Politics and Law are other popular subject combinations.

What topics will I study?

All units are mandatory and cover: Units Year 1: 1. The Business Environment Exam.

2. Working in Business Exam.

3. Customers and Communication Coursework.

4. Marketing and Market Research Coursework.

5. Principles of Project Management Coursework.

Units Year 2 (in addition to those units in Year 1): 1. Business Decisions Exam.

2. Change Management Exam.

3. Marketing Strategy Coursework.

4. Marketing Campaign Coursework.

5. Delivering a Business Project Coursework.

To ensure students gain vital industry experience there is a requirement to complete some work experience.

This is a 20-hour (one working week) requirement of all students working with local businesses in the area to develop an array of business skills. Students should explore possibilities early in the course to ensure a work experience placement

of their preference. This ties in with units such as customers and communication and the business environment.

How will my work be assessed?

Externally assessed units (50%/42% of the one/twoyear course) will be examination based. Internally assessed units (50%/58% of the one/twoyear course) will be in a range of formats. These include practical tasks, written or typed documents, presentations as well as professional conversations and role plays.

Are there any specific entry requirements?

You need a minimum of five GCSEs at 9-4 or A*-C, or a Business BTEC Level 2 Certificate.

What skills and interests do I need beforehand to be a successful applicant for this course?

No previous knowledge of Business Studies is required, however an interest in current affairs is an advantage.

What skills will I need to develop during the course to succeed?

• An ability to manage time effectively and to be organised in terms of college work, independent study and part time work to ensure success on this course. Deadlines must be followed.

• The ability to self-assess their own work along with teacher

support to maximise grades.

• Ability to work well in groups •

• •

in a range of situations both theoretically and practically.

Solid all round practical and theoretical business knowledge to apply to relevant units and maximise grades.

Research and analysis skills.

Cognitive and problem-solving skills, students will use critical thinking, approach non-routine problems applying expert and creative solutions and use systems and technology as part of their learning.

What are the lessons like?

A range of teaching and learning styles are used during the course.

Lessons include discussions, group work, role play, case studies, taskbased learning, use of IT and DVDs. The course is continuously assessed therefore students must be highly organised with a positive work ethic to ensure full success.

Our excellent teaching staff are always on hand to support students during this course to provide an environment for success and progression. This can be in the form of 1:1 or group subject support.

What do students say about this course?

“This course is preparing me for a junior management role by giving me a general understanding of all the areas of business and the necessary skills to manage”

“The course is providing me with ideas to set up and run my own business.�

What have I got to do in order to do well?

Keep up-to-date with the completion of assignments Learn from classroom activities and develop the appropriate skills.

Is there a similar qualification to this one? If so how do I choose between them?

There is the A Level in Business Studies which is assessed 100% through examinations, whereas 50%/58% of this qualification is assessed through coursework, and 50%/42% through exam.

Are there any other qualifications which combine particularly well with this one?

This is the equivalent of two A Levels in Business so it can be combined with a wide range of other subjects.

Closely related subjects are Financial Studies and Economics, Politics and Law are other popular combinations.

You cannot study CAMTEC Business alongside A Level Business.

What do people do with the Business BTEC Level 3 National Extended Certificate/Diploma?

This qualification carries UCAS points and is recognised by higher education providers as contributing to meeting admissions requirements for many courses if taken alongside other qualifications as part of a twoyear programme of learning.

The course is also an extremely useful background for those considering setting up their own business. It provides an understanding of business, which will be useful for nearly all careers and workplaces giving students valuable skills and experience which can be used to gain employment.

Financial Studies LIB&F Level 3 Certificate/Diploma When do I start studying for this qualification?

September 2020.

• Dealing with debt and the impact

For how long will I study?

Two years.

In the second year Diploma, the topics focus on understanding personal financial capability in a wider context: • Sustainability of an individual’s finances and consequences from the financial crisis • Impact of external factors such as the economy, government policies, social, environmental, ethics, legal and technological change on personal financial decision making.

• The impact of global events and ethics and recent changes to the financial environment.

• The role of different businesses selling to the financial services market and how they are regulated and compete.

• Attracting, retaining and satisfying customers and product development • Skills required to work in the financial services industry.

One year to complete the Level 3 Certificate in Financial Studies (equivalent to half an A Level).

Two years to complete the Level 3 Diploma in Financial Studies (equivalent to one full A Level).

What is this course about?

The course is designed to develop the skills of students to manage their personal finances and provide an understanding of the financial services sector.

What topics will I study?

In the first year Certificate, the following topics will be studied: • Managing money at different life stages • Everyday banking • Saving your money • Borrowing money • Budgeting and financial planning for the future • Making informed choices and understanding the relationship between risk and reward on different financial products.

of unforeseen circumstances.

• Earnings.

By studying the Certificate and Diploma students will: • Gain an appreciation of individual need, wants and aspirations.

• A good understanding of financial

•

•

•

products available to the consumer at different stages of the life cycle.

Learn how to apply financial decisions to different circumstances, appreciating risk and sources of advice available.

Developing an understanding of the wider financial services industry and explore the key developments affecting consumers in recent years.

Writing skills in order to achieve success in the long answer written questions.

How will my work be assessed?

All assessments are a combination of multiple choice questions (35 marks) through on-line tests and written responses based on a pre-released case study (65 marks).

For the Certificate (ie in year 1), the tests are in January (Unit 1: Financial Capability for the Immediate and Short Term) and in April (Unit 2: Financial Capability for the Medium and Long Term) with resit opportunities for both units in March and June.

For the Diploma, the assessment follows the same cycle for the 2 units.

What skills and interests do I need beforehand to be a successful applicant for this course?

No previous knowledge of Personal Finance is required but an interest in the world of personal finance and the work of the financial services sector is essential.

What skills will I need to develop during the course to succeed?

Students will need to be able to absorb information, carry out research, work as part of a team, work through on-line resources and develop presentation skills.

In addition, students will learn organisational, time management and note taking skills and some students will gain leadership qualities.

Are there any specific entry requirements?

You need a minimum of five GCSEs at 9-4 or A*-C, including a minimum grade 4 in Mathematics and English Language.

What are the lessons like?

A range of teaching and learning styles are used during the course to meet each learner’s needs. Lessons include discussions, group work, role play, case studies, presentations, task-based learning and use of IT. Most of the resources are online, including practice tests, which can also be accessed from home. A visit to the Bank of England and walking tour of the City of London is arranged and where possible, external speakers from financial organisations are invited into lessons to enhance student understanding of topics. 1:1 support is available to all students.

What do students say about this course?

“It teaches you loads of useful skills to help you make the right choices in the future.”

“I am already managing my money better and have set up an ISA.” What have I got to do in order to do well?

• Keep up to date with the completion of work.

• Learn from classroom activities and develop the appropriate skills.

• Watch, listen and read finance related media to stay abreast of current issues.

What do people do with the Financial Studies LIB&F Level 3 Diploma?

Progression to an LIB&F degree or other professional qualification for the financial services industry.

It provides life skills which will always be needed to help you make the right decisions about personal finances.

It provides basic skills and knowledge to enter a career in financial services.

It is also an extremely useful background for those considering setting up their own business.

LIB&F - London Institute of Banking & Finance.

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