Business Studies

Course summary

The difference between Business Studies and Economics is essentially one of outlook. For example, events in the world such as the Ukraine crisis and the consequent increase in global food prices would be looked at in Business Studies in terms of its effects on business’ markets and suppliers, i.e. looking at events from the business person’s point of view. Business Studies is more interested in how the inputs of business can be organised and managed, in order to empower the business with the flexibility and dynamics needed. In this subject, we study the variables that influence the business internally and externally. Internal factors include personnel management (now called Human Resources), financial management, marketing and operations. Key Learning: The main requirements for the course are, an interest in business and commerce and a willingness to research using the internet, library and newspaper articles. Modern information and communication technology is an important tool in business. In the course you will learn why and how it is used, as well as developing your own computing skills. The course is of a practical nature and you will also be working with real world case studies involving collecting, calculating and handling data. In Business Studies lessons you will be taking part in discussions and will be expected to undertake presentations. Extensive exam practice is an integral part of student assessments, to enable students to practise key exam skills and techniques and become more effective in their written work. As part of the course, students will study concepts such as globalisation. Students are expected to keep up to date with business events both nationally and internationally.