Close
Business studies

Business and Economics

The world of business and economics affects us all, and the courses we offer at Key Stage 4 and 5 offer our students the opportunity to gain a deeper understanding of their current and future roles as consumers, employees or entrepreneurs. Many of our students enjoy studying business because it is new to them and they can see the relevance of it to the world around them.

From Year 10 students considering the costs involved in running a farm or learning how to complete a cash flow forecast, to A level students applying their knowledge of economic theory to assess the economic implications of Brexit, many of the topics are alive, relevant, and often stimulate lively debate. Current business issues loom large in classroom discussions, and seeing a student’s delight in being able to apply their economic or business knowledge in order to explain a news story or situation gives me great job satisfaction.

Every year, several students’ progress after studying studying Economics or Business Studies onto business related degrees at university, and it is my hope that all students will remember their experiences in their lessons at Teesdale as a significant aspect in the shaping of their future as citizens and in the world of work. 

Economics is interesting and relates to real world. We are surrounded by brands and influenced by businesses every day. The economic theory we study is put into context and often linked to news stories which intrigues us and helps us understand more of the major issues facing societies in the 21st century.
Year 13 student

What's been happening in the business department recently?

A group of Teesdale sixth form students visited one of the UK’s leading sign makers - WM Smiths Ltd, as part of their research into features of business. After a factory tour where students followed the process from receipt of an order to dispatch to the customer, the students then visited the company’s new warehouse facility in Stainton Grove before attending an in depth presentation on the history, organisation and future direction of the business.

WM Smiths Ltd

Curriculum information:

Year 10

 

Learning outcomes

BTEC First Business focusses on developing students’ knowledge and skills in a vocational context. By the end of the year students will have learnt how to construct and interpret financial statements such as cash flow forecasts, breakeven, profit and loss accounts and balance sheets. They will also understand how businesses are organized and job roles within functional areas. The final area of work for the year looks at recruitment and selection procedures with each student researching a job that interests them and completing an application and interview.

Topics taught

  • Finance for business
  • Recruitment selection and employment

Year 11

 

Learning outcomes

Students in Year 11 are currently studying Edexcel GCSE Business Studies. The course focuses on providing an introduction to a small business, which introduces the main areas of marketing, showing enterprise, human resources, finance, production and the impact of the wider economic environment on business activity. This is further developed throughout year 11.

Topics taught

  • Marketing
  • Meeting customer needs
  • Effective financial management
  • Effective people management
  • The wider world affecting business.
The real value of learning about economics and business is that it helps me understand what is going on in the economy and to develop my personal financial skills and understanding.
Year 13 student