Both Business and Economics A Levels are very popular at The Oratory. There are around 80 students studying either Business or Economics in the 6th Form.  All Business and Economics students follow the Edexcel specification.

Many of our students progress to Economics and Business related degree courses at both UK and international universities.

Economics is about making choices, particularly in allocating scarce resources amongst competing needs. In essence, Economics develops theories aimed at enhancing prosperity and well-being in society. The course equips students with critical thinking skills and analytical tools. These enable students to understand and address socio-economic issues, such as poverty, unemployment, inflation, income inequality, and environmental sustainability.

The course is split between microeconomics and macroeconomics and is studied via four broad themes. Theme 1 and Theme 3 introduce microeconomic theory, which is applied to the behaviour of consumers and firms. Theme 2 and Theme 4 introduce macroeconomic theory, which looks at the behaviour of governments and economies at both the national and global level.

We prefer that a student has achieved a sound grade in both Mathematics and English Language at GCSE level before embarking on the course.

This A Level requires solid but not advanced Mathematics skills (usually indicated by a 6 or above at GCSE) and also an ability to write factual material coherently and in detail.
 

Beyond the course: Many of our students progress to Economic and Business related degrees at UK and international universities. Economics instils a broad range of highly transferable skills, from learning to read data effectively, to avoiding ‘fake news’, to constructing a coherent argument based on potentially conflicting pieces of evidence. You will learn how to analyse complex situations and structure arguments in a focused and effective manner. Your thinking will become disciplined and sharp.

A level Business introduces students to the fundamental principles of business management, enabling students to assess why a company like Zara became a multinational success at a time when other clothes retailers were disappearing from the high street. A Level Business students should be motivated, hardworking, have an inquisitive mind, and enjoy being able to link theories and ideas from the classroom to real life examples. No prior knowledge is required, just an interest in the subject.

The A Level syllabus content is divided into four themes. These cover the main functional areas of a business, which include: marketing, human resource management, operations management, finance and accounting, as well as business strategy and international business management.

Beyond the course: A Level Business lays a strong foundation for higher education and careers in business, management, finance, marketing, and related fields. The curiosity and adaptability nurtured in the A Level course enable students to confidently navigate and excel in the ever-changing dynamics of the business landscape. The skills acquired are highly transferable and valuable in diverse professional settings. Many of our students go on to study Business Management and International Business Management at UK and international universities.  
 

This vocational course, which will follow the Edexcel exam board syllabus, offers an alternative to A levels. It will enable students to study topics such as business development and strategy; financial planning and accounting; marketing; and recruitment and selection. Analysing data and communicating using written, numerical, visual and verbal methods are all important parts of the course.

On this programme, students will study three core units and a fourth optional unit:

• Exploring a Business
• Developing a Marketing Campaign 
• Personal and Business Finance
• The fourth optional unit could be ‘The Recruitment and Selection Process’

Lessons will be based around local and international business case studies and within each unit, students conduct research, give presentations, produce papers, and take part in group work.

The BTEC Level 3 Extended Certificate is assessed through a mix of coursework, supervised assessment, and formal exams. Progression options include:

• Higher Education: students can progress to undergraduate degrees in various business-related fields
• Apprenticeships: BTECs can lead to apprenticeship opportunities in different sectors
• Direct Employment: The qualification can lead to entry-level positions in various businesses and organisations across the public and private sectors

Beyond the course: The BTEC Level 3 Extended Certificate in Business qualification is widely accepted by universities and can lead to diverse career paths in areas such as business administration, marketing, and human resources.

We believe in providing our students with holistic learning experiences that extend beyond the confines of the classroom. The Business & Economics department offers a range of co-curricular activities aimed at enriching students' educational journey and broadening their horizons. Below are some of the exciting opportunities that await:

The Museum of Brands: Explore the fascinating world of branding and marketing at the Museum of Brands. Gain insights into the evolution of consumer culture and its impact on business strategies. This immersive experience will deepen your understanding of branding principles and their application in real-world scenarios.

The Royal Mint: Delve into the history and significance of currency and monetary systems with a visit to The Royal Mint. Discover the intricate processes involved in coin production and learn about the role of economics in shaping monetary policies. This trip offers a unique perspective on the intersection of economics, finance, and government.

Thorpe Park Resort: Enjoy a thrilling day out at Thorpe Park. The trip will include a talk that explores how Thorpe Park operates as a successful business enterprise. Learn about the importance of creative marketing, efficient environmental management, and evolving customer service in achieving business objectives. This unique combination of entertainment and education offers valuable lessons in business management and strategy.

Cadbury World: Embark on a sweet journey through the history of Cadbury and its integration into Mondelez International. Explore the fascinating story of how Cadbury became part of one of the world's leading confectionery companies. Engage in a discussion on business ownership and its implications for market dynamics. Gain insights into Cadbury's position in the UK and international markets, as well as its strategies for remaining competitive and relevant. This visit provides a delicious blend of history, business, and chocolate.

New York and Washington Trip with the Politics Department: Expand your horizons with an unforgettable study tour to New York and Washington. Immerse yourself in the vibrant energy of New York City, home to global financial centres and iconic landmarks. Explore the political and economic hub of Washington, D.C., and gain insights into policy-making and international relations. This experience offers invaluable insights into global business practices and cross-cultural communication.

Participation in these co-curricular activities will not only enhance students' understanding of business and economics but also provides them with practical insights and real-world experiences that will enrich their academic journey. We encourage all students to take advantage of these opportunities to broaden their perspectives, develop critical thinking skills, and prepare for future success in the world of business.