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HIGH SCHOOL SUBJECT

Business Studies & Economics

Business Studies and Economics

Concord students collaborating during a lesson

Our approach

Knowledge students can understand, question and apply.

Business Studies and Economics

We develop students’ understanding of business activity in the public and private sectors by illuminating the importance of innovation and change. Students find out how the major types of business organisation are established, financed and run, and how their activities are regulated. Factors influencing business decision-making are also considered, as are the essential values of cooperation and interdependence.

From the curriculum

What students develop.

  • 01Understand different forms of business organisations, the environments in which businesses operate and business functions such as marketing, operations and finance
  • 02Appreciate the role of people in business success.
  • 03Calculate and interpret business data
  • 04The ability to analyse business situations and reach decisions or judgements.
  • 05Apply their knowledge and critical understanding to current issues and problems in a wide range of business contexts
  • 06Make effective use of relevant terminology, concepts and methods, and recognise the strengths and limitations of the ideas used in business
  • 07Distinguish between facts and opinions, and evaluate qualitative and quantitative data in order to help build arguments and make informed judgments.
  • 08Appreciate the perspectives of a range of stakeholders in relation to the business environment, individuals, society, government and enterprise
  • 09Develop knowledge and understanding of the major groups and organisations within and outside business, and consider ways in which they are able to influence objectives, decisions and activities
  • 10Develop knowledge and understanding of how the main types of businesses are organised, financed and operated, and how their relations with other organisations, consumers, employees, owners and society are regulated
  • 11Develop skills of numeracy, literacy, enquiry, selection and use of relevant sources of information, presentation and interpretation
  • 12Develop an awareness of the nature and significance of innovation and change within the context of business
  • 13Understanding of economic theory, terminology and principles
  • 14Ability to apply the tools of economic analysis
  • 15Ability to distinguish between facts and value judgments in economic issues
  • 16Understanding and usage of econometrics
  • 17Ability to take a greater part in decision-making processes in everyday life
  • 18Ability to use examples from a variety of economies

Curriculum detail

The published
course information.

Students not only study business concepts and techniques but also enhance related skills such as numeracy and enquiry.

Through this course, students are able to:

Understand different forms of business organisations, the environments in which businesses operate and business functions such as marketing, operations and finance

Appreciate the role of people in business success.

Calculate and interpret business data

The ability to analyse business situations and reach decisions or judgements.

The aims are to enable students to:

Apply their knowledge and critical understanding to current issues and problems in a wide range of business contexts

Make effective use of relevant terminology, concepts and methods, and recognise the strengths and limitations of the ideas used in business

Distinguish between facts and opinions, and evaluate qualitative and quantitative data in order to help build arguments and make informed judgments.

Appreciate the perspectives of a range of stakeholders in relation to the business environment, individuals, society, government and enterprise

Develop knowledge and understanding of the major groups and organisations within and outside business, and consider ways in which they are able to influence objectives, decisions and activities

Develop knowledge and understanding of how the main types of businesses are organised, financed and operated, and how their relations with other organisations, consumers, employees, owners and society are regulated

Develop skills of numeracy, literacy, enquiry, selection and use of relevant sources of information, presentation and interpretation

Develop an awareness of the nature and significance of innovation and change within the context of business

Economics

In Economics classes, we seek to develop our students’ understanding of economic theories, terminologies and principles. Students study the economics of different countries and how these interrelate. They also learn to work with simple economics data and to use the tools of economic analysis.

Lifelong skills to be gained include:

Understanding of economic theory, terminology and principles

Ability to apply the tools of economic analysis

Ability to distinguish between facts and value judgments in economic issues

Understanding and usage of econometrics

Ability to take a greater part in decision-making processes in everyday life

Ability to use examples from a variety of economies

WAEC and IGCSE

Our syllabus is structured to prepare our students for both the West African Senior Secondary Examinations and the International General Certificate Secondary Examinations in Economics.

Using an extensive range of practical activities with theory studied. we complete all topics of syllabus for both WAEC and IGCSE exams before the end of the 11th year(SS2) with our students writing the IGCSE exams May/June of that year.

To give an idea of the exam results which our students at The Concord school achieve at WAEC and IGCSE, we have provided the results in Economics over the most recent year, 2019. WAEC A1-B3:100%. IGCSE A*-B:91%, A*-C: 100%

Copy migrated from the previous Concord School website.

Inside Concord

Business Studies & Economics in the classroom.

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