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Business Studies and Economics
At Claremont Fan Court School we believe that all young people are entitled to opportunities for developing an awareness of the business, economic and social environment in which they live. Pupils are encouraged to develop a capability to use their knowledge, understanding and skills in order to be prepared to participate fully in business, economic and political roles within society. They should fully understand their role as a consumer, employee and citizen. A balanced curriculum is on offer which gives progression through Years 10 to Upper Sixth. All courses offer opportunities for exploration of some cross-curricular themes particularly within the humanities faculty.
At GCSE, pupils are offered a combined business studies and economics course. In Year 10 they study enterprise and the role of an entrepreneur as well as the analysis of how to set up and run a small business by carrying out market research and completing cash flow forecasts.
In Year 11 pupils complete the economics section of the course. This includes basic economic theories about scarcity, inflation, unemployment, commodity prices, interest rates and exchange rates.
A Level - Economics
During Lower Sixth, students learn about the basic economic problem of scarcity of resources and their allocation as well as topics such as pollution, labour shortages, monopoly power and government intervention. The second unit explores the structure and management of the national economy including the economic cycle, economic indicators such as inflation, interest rates, unemployment and government approaches to economic policy.
The Upper Sixth course covers the structure of firms, decision making by different organisations and the nature of competition. The course also explores the nature of globalisation and the impact of living in a global economy.
A Level - Business Studies
This course gives students an understanding of the functions of organisations both small and large. Students gain a holistic understanding of business through considering how a new idea is developed, understand how an organisation is managed, how its performance is analysed and how it could trade overseas. There is also consideration of wider issues facing businesses such as government legislation and economic factors. Students will be able to carry out complex mathematical calculations and interpret their results.
The business and economics department offers a wide range of co-curricular activities. Students take part in the Enterprise UK £10 challenge and the Surrey University junior apprentice competition. Year 10 pupils undertake an annual trip to Canary Wharf and the City of London to learn about the history and development of London as a global financial centre. Sixth Form students welcome a number of high profile business speakers as part of their critical thinking programme and often visit manufacturing plants during their overseas enrichment trip. Every year teams are also entered into the Young Enterprise scheme with many awards subsequently being won.