Business and Economics
“Great things in business are never done by one person. They're done by a team of people. ”
- Steve Jobs
Why Study Business and Economics?
The business studies and economics department adopts a problem-solving approach to teaching in both subjects, and tries to encourage pupils to think for themselves. In both subjects there are few definitive right or wrong answers, and the ability to evaluate arguments is crucial. Pupils are encouraged to read contemporary publications such as 23 Things They Don’t Tell You About Capitalism and the Undercover Economist, as well as following the business and economic news in the media.
Economics and business studies are very different subjects, with no more than a 15% overlap in content. Business studies is an applied subject that investigates real-life case studies from the business world, starting with small firms and building up to international companies. Economics is more theory and concept based, and analyses markets and the causes of market failure, as well as looking at the macro-economy and government policy.
The majority of our pupils go on to study either a straight (or related) business or economics degree at a Russell Group University, and some go on to Oxbridge.
The Keynes Society
To enhance their studies, pupils attend lectures, visit local industries and participate in competitions such as the Bank of England Target 2.0 challenge, the Royal Economic Society Essay competition, the IFS Student Investor competition, and the BASE management competition.
The Keynes Society is the school's economics and politics society, which provides pupils with the chance to debate current economic and political issues. Both subjects give a great introduction to the workings of the real world; economics develops a critical way of thinking, while business studies provides the skills needed for most aspects of the business world.
Now in its third year, the society is going from strength to strength. Chaired and driven by Upper Sixth students, it is open to all students with an interest in economics and politics.
In 2015, we had the excitement of our inaugural debate between four members of the Keynes Society and a group of Bristol Grammar School economists. The motion posed was: 'This house agrees that the UK should remain in the European Union.'
Speakers include both students and external experts on subjects ranging from income inequality and game theory, to Corbynomics, the nordic model, and African economics.
Tim has an economics degree from Liverpool JMU and joined us from The Warriner School, Oxfordshire where he was an assistant headteacher and subject leader for economics.
New Zealand born Nicholas has a degree in commerce from the University of Auckland, and has taught both business studies and economics at prestigious schools in New Zealand and the UK.
Matthew has a business degree from Brunel University and joins us from Collingwood College, Surrey where he was curriculum leader for economics and business studies.