Economics and Business Studies

The Economics and Business Department is a dynamic and highly-motivated department that strives to ensure all pupils achieve their potential. The Head of Department, Philip Spencer, is supported part-time by Tiffany Spencer, both of whom are highly qualified teachers with many years of experience in teaching the syllabuses on offer. The department offers Sixth Form students a choice between Economics & Business and Applied Business Studies A Levels.  All Applied Business lessons and most Economics lessons are taught in a dedicated classroom which has an interactive whiteboard and seating for up to sixteen pupils at desks and thirteen pupils at computer. The classroom displays contain up to date economic data as well as helping showcase high attaining pieces of student coursework. Students are encouraged to read the business news regularly, helping them keep up to date with both UK and International economic issues.  Both subjects have an encouraging number of students who pursue the subject at A Level and who go on to do an Economics or Business related degree at university.

Academic Programme

AS/A2

Students have a choice at A Level between a vocational subject – Applied Business Studies or an academic subject – Economics & Business.

Applied Business Studies

  • Students gain a broad understanding of business and are able to study selected areas in more depth, such as marketing and business planning.
  • Helps to develop skills, knowledge and understanding in business.
  • Offers students the opportunity to apply learning in a practical and realistic way.
  • The programme of study enables progression to both employment and training within business, or higher education.
  • Develops Key Skills that are highly valued by employers and universities.
  • Students gain confidence through developing independent learning skills.

Economics & Business

  • Examines real world problems in order to create a genuine understanding of the important concepts in economics and business.
  • Using an investigative approach throughout, it encourages students to take responsibility for their own learning.
  • This combined course offers an interesting, stimulating and challenging subject content that helps students understand the complex economic and business world in which we live.
  • It will help them to develop an understanding of economic concepts and theories through a critical consideration of current economic issues and business problems.

Students can learn how to participate effectively in society as a citizen, producer and consumer.

Extra-Curricular Activities

The Economics & Business Department offers a variety of activities.

  • Young Enterprise Company Programme allows up to fifteen Year 12 students the opportunity of running their own company. Students hold weekly board meetings, supported by an external business advisor and their link teacher,  in which action plans and discussions centre on proposed business ventures to be developed through the Autumn and Spring terms. Students sit an external exam based on their experiences helping them to gain up to 40 extra UCAS points.
  • The IFS Proshare Challenge is a national competition that offers students the opportunity to trade on a virtual stock market. Each team is given a virtual £100,000 to invest over a period of 3 months.  The teams are supported by their teacher in weekly lunchtime meetings and have a guest speaker from the competition’s organisers to help them achieve good results.
  • House Competitions across all Key Stages are held throughout the year, such as the business logo competition and the Wallace & Grommet Big Ideas competition.

Staff

Mr Philip Spencer, Head of Department – pspencer@ratcliffe.leics.sch.uk
Miss Tiffany Spencer, Teacher of Economics & Business – tspencer@ratcliffe.leics.sch.uk