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Eaton Bank School > Business & Economics

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   to Business Studies & Economics!                   

 

Department Team:  Mrs J Fisher, Mr T McNulty, Mrs J Bradshaw.

 

 

What is Business Studies? 
 
Business Studies is a subject that provides pupils with an excellent academic grounding in the business world, and in particular how companies, large and small, operate.  It gives pupils a window into the world of business in that they learn about the internal workings of a firm, as well as the many things that can influence companies from the outside such as taxation, government regulations, pressure groups, exchange rates and interest rates. 

 

People in Business

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In this part of the course pupils will learn all about how a firm recruits, trains, motivates and rewards its most important asset – its people, or personnel.

 

Finance

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Essential to the success of all competitive companies is sound understanding and control of finance.  Students will, for example, examine sources of finance, different costs, and why revenue and profit are important.  Balance sheets, P & L accounts, and cash flow forecasts are both compiled and interpreted.

 

Marketing

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Pupils become familiar with how a company ensures that it meets the needs of its customers whilst making a profit. Market research, the product life cycle, and the marketing mix are examples of topics within this area.

 

Business Systems [Production]

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This section of the course introduces pupils to how a business best manages its resources to bring about the most efficient method of providing its products. Topics like stock control, quality control, and production methods are contained in this section.
...so what's Economics then?
 
Unlike Business Studies, Economics is available only at A-Level. Over the years though loads of Eaton Bank students have taken it up in the sixth form and have loved it! If you think it might be for you, see one of the teachers above!
 
 
"Economic ideas are more powerful than is commonly understood...indeed the world is ruled by little else"
 

The above quote is taken from the work of a very famous Economist called John Maynard Keynes. These words were written well over half a century ago. Yet, how often these days do we see programmes on TV and either involve ourselves in , or overhear conversations on precisely those 'economic ideas' - and wished we knew more about them?  Prices, wages, interest rates, profits, firms, recession, unemployment, inflation, exchange rates, the euro, poverty or pollution, to name just a few.

 
Studying Economics will enable you to better understand these 'ideas' and how they all interact to form what we call 'the economy'. Economics encompasses some of what is contained in Business Studies, but is different in that the economy as a whole is what is studied rather than the emphasis being placed mainly on the way just a company works, which is the main focus of Business Studies.
 
We will be examining key economic issues and problems that affect us all. We address questions such as:
  • Should the UK join adopt the euro as its currency? european_union.gif - (36K)
  • Why are some people wealthy and others poor?Guy_with_money.gif - (3K)
  • Should we pay for hospital treatment? Hospital_patient.gif - (10K)
  • Why does unemployment go up and down? Graphs.gif - (4K)
  • What is causing global warming and why is it such an important economic issue?
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  • Should we pay to drive on motorways? traffic_jam.gif - (3K)
 
  • What is the role of government in our economy? united_kingdom_2.gif - (0K)
Furthermore, as an Eaton Bank Economist, you will develop a critical understanding of government economic policies. How well does government understand the powerful 'economic ideas' and how effective are its policies for dealing with the problems and issues? What alternative steps could government take?
 
Both the Economics and Business Studies courses offered at Eaton Bank provide a sure academic foundation for those wishing to do Business Studies, Economics and other related courses at a higher level. In addition, when seeking employment, those who were able to say that they had studied these subjects at Eaton Bank found that this impressed employers at interview.
  
Busy secretary - Click image to download.
 
 
 
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