Business & Economics

Leventhorpe 2017 Sixth Form 0805

The Business, Economics and Enterprise Curriculum


Business Studies is a popular foundation option choice for many students at Leventhorpe. It can first be chosen in Year 9, where lessons are tailored to give students a taste of both how the Business GCSE and Enterprise BTEC option are run in KS4.  Business Studies can be taken as a GCSE (AQA Specification) and as an A Level (Edexcel Specification) at 6th Form.

Within the Social Sciences Faculty, we aim to give learners the opportunity be independent thinkers, creative and develop an entrepreneurial spirit that will serve them well in either further study of Business and Economics related courses, or could be useful education with life skills that may be invaluable in setting up their own enterprise

Enterprise at Leventhorpe exists to give students the opportunity to experience real business and improve their employability skills ready for when they leave.  Enterprise forms part of the Year 9 curriculum and can be chosen as an option at KS4 as a more practical, course-work based alternative to GCSE Business and also at KS5, in 6th Form, where the Diploma offered is equivalent to two A Level qualifications.

Year 9 Business

In Year 9, students can get their first taste of Business and Enterprise at Leventhorpe.  The course is partly given to lessons that give a taste of how GCSE Business Studies will be run, with teaching mirroring how the course will be taught at KS4.  Some units are also planned in a more project-based manner to give students an idea as to how Enterprise coursework takes place and how the Enterprise courses at KS4 will work.

The Scheme of Work is broken down into the following sections:

1. Business Ethics
2. Success and Failure
3. Grow a £
4. The Cereal Box Project
5. The Enterprise Zone

Through the Grow a £ initiative, Year 9 students work to raise money for the Bishop’s Stortford based charity, Grove Cottage. Grove Cottage provides social and educational activities for people of all ages with learning disability.  Students are asked to, with an investment as small as a £, to grow this to the largest amount that they possibly can through enterprising activity.  Previous ideas have included busking, bag packing and raffles.  The students learn to negotiate with businesses as well as getting the opportunity to make sales in real life situations.  All the money that is raised from this is then donated to Grove Cottage.


Business and Enterprise at KS4

Students have the option of choosing the pathway that most appeals to them at KS4, with GCSE Business and BTEC Enterprise available as options for study.  Both courses require at Leventhorpe require students to participate in The Enterprise Fayre, and create their own micro-business for an Enterprise Day, where each small group will have their own stall and look to put what they have learned in class into practice!

AQA GCSE Business give students the opportunity to study Business and learn more about its functional areas. The course is broken down into six units, and each unit will be assessed via an end of unit assessment, with a student’s grade calculated entirely from exams sat at the end of Year 11.

The six units of study are as follows:

1. Business in the Real World
2. Influences on Business
3. Business Operations
4. Human Resources
5. Marketing
6. Finance

There are two exams at the End of Year 11:

Both papers are 1 hour 45 minutes long and account for 50% of a student’s overall grade.

Paper 1 consists of questions derived from Units 1, 2, 3 and 4.
Paper 2 consists of questions derived from Units 1, 2, 5 and 6.

The Level 1/2 Tech Award Enterprise BTEC gives students an opportunity to complete a more practical qualification, two components of coursework (Components 1 and 2), assessed internally and verified externally and one component (Component 3) assessed externally and sat as a formal exam at the end of Year 11.  This gives students the advantage of only sitting one exam in the summer and already having two-thirds of their grade “in the bank” before entering the summer exam period.

For students wishing to enter Leventhorpe 6th Form, a Level 2 Merit is considered to be worth a grade 5 at GCSE based on Leventhorpe’s own internal points systems.


Business and Enterprise at KS5

Students have the option of choosing the pathway that most appeals to them at KS5 also, with A Level Business and a Level 3 BTEC Enterprise Diploma available as options for study. 

The Edexcel A Level in Business (From September 2019) is available to students to study and is split into four broad themes:

Theme 1: Marketing & People
Theme 2: Managing Business Activities
Theme 3: Business Decisions and Strategy
Theme 4: Global Business – Case Study/Research

Examinations will take place at the end of Year 13, and students will sit three papers:
• Paper 1: Marketing, people and global business (35%)
– Themes 1 & 4
– 2 hours
– 100 marks available
• Paper 2: Business Activities, Decisions and Strategy (35%)
– Themes 2 & 3
– 2 hours
– 100 marks available
• Paper 3: Investigating Business in a Competitive Environment (30%)
– Assess across all four themes
– 2 hours
- 100 marks available

The Level 3 National Diploma in Enterprise and Entrepreneurship is equivalent to two A Levels and is a mixture of externally assessed units, taking the form of examinations and controlled assessments (timed writing of partially prepared reports in exam conditions) and internally assessed units of coursework, similar in function to what students may have experienced studying for the Level 1/2 Award in Enterprise.

Information on units studied at Leventhorpe can be found below:er
Unit title GLH Type How assessed
1 Enterprise and Entrepreneurs   Mandatory    Internaldators
2 Developing a Marketing Campaign   Mandatory and Synoptic  External
3 Personal and Business Finance   Mandatory    External
4 Launch and Run an Enterprise   Mandatory    Internal
5 Survival and Growth     Mandatory    Internal
6 Business Decision Making    Mandatoryand Synoptic External
7 Social Enterprise     Optional    Internal
9 Innovation and Enterprises    Optional    Internal

Units of work are graded as Pass, merit and Distinction and points are awarded based on which grading per unit, a student achieves.  Learners must gain a Pass, or Near Pass, in all mandatory units to pass the course.

Grades can range from a Pass Pass, equivalent to Es at A Level, to Distinction* Distinction*, which is equivalent to two A* grades at A Level.


Economics at KS5

AQA Economics A Level Students also have the option of choosing an Economics A Level at KS5, which is examined across three papers at the end of Year 13 and the course is generally split into Microeconomics (The study of individual markets) and Macroeconomics (Which looks at the economy as a whole).

The topics studied are broadly as follows:

Microeconmics:

1. Economic methodology and the economic problem
2. Price determination in a competitive market
3. Production, costs and revenue
4. Competitive and concentrated markets
5. The market mechanism, market failure and government intervention in markets
6. Individual economic decision making
7. The labour market
8. The distribution of income and wealth: poverty and inequality

Macroeconmics:

1. The measurement of macroeconomic performance
2. Economic performance
3. How the macroeconomy works
4. Macroeconomic policy
5. Revisiting and developing macroeconomic theory
6. Financial markets and monetary policy
7. Revisiting fiscal policy and supply-side policies
8. The international economy


Curriculum Overview Linked Documents

Ways in which Parents can support Students

  • Check they have completed their homework using Showmyhomework
  • Discuss what is going on in the business world from the news and other media
  • Offer advise on starting a business (for those who have done so)
  • Discuss the value of money and the importance or working hard for something
  • Help students to remain organised

Enterprise Academy at Leventhorpe

The Enterprise Academy at Leventhorpe exists to give students the opportunity to experience real business and improve their employability skills ready for when they leave.  There are two sections: Junior and Senior.

Junior Academy: Grow a £

Year 9 students work to raise money for the Bishop’s Stortford based charity, Grove Cottage. Grove Cottage provides social and educational activities for people of all ages with learning disability.  Students are given £1 and their task is to grow this to the largest amount that they possibly can.  Previous ideas have included busking, bag packing and raffles.  The students learn to negotiate with businesses as well as getting the opportunity to make sales in real life situations.  All the money that is raised from this is then donated to Grove Cottage.

Senior Academy – BTEC Enterprise

The Senior Academy is a programme of study in Years 12 and 13 and will provide opportunities for students to explore and develop their ideas into viable businesses.  The first session centres on looking at students’ ideas and then begins the process of helping them to develop their plans.  These budding entrepreneurs will be supported throughout the process in areas such as Marketing, Finance, Selling and Business Skills.
Students on this course have timetabled lessons and learn how to set up and run a small business. The students are entered into Tycoon In Schools, a national competition set up and run by the Peter Jones Foundation gives students the chance to run their own business. Students have to create an idea, produce a business plan and pitch for a start-up loan from Tycoon in School. This will allow them to get the business up and running.

The winning team will be the one that scores highest in the categories of Innovation, Marketing, Finance (Sales and Profits), Ethics, Business Skills and the Presentation.  The competition will really stretch the competitors, as students will need to demonstrate a number of key skills such as team-working, problem-solving, perseverance, communication and commitment.  Whatever profits the teams make they keep.  They worked for it and it is important that they realise any successes they achieve will be rewarded.  On the other hand, should students make a loss, they are treated just like a real entrepreneur and are responsible for the losses!

Smudge Stationery Letter 2018

We use Cookies to help provide you with the best possible online experience. For full information, and to accept the use of Cookies, please see our Privacy/Cookies Policy.