Business & Economics
The business studies and economics department adopts a problem-solving approach to teaching in both subjects, and tries to encourage our 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 based on theories and concepts, and analyses markets, and the causes of market failure, as well as looking at the macro-economy and government policy.
The majority of 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.
To enhance their studies pupils attend lectures, visit industry 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.
Our Keynes Society 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.
Liz Gregory (Head of Department) is a business economics graduate from Reading University, with a specialist interest in international development economics. She is a principal examiner and trainer for the OCR economics A level.
Nicholas Lorimer is from New Zealand. He has a degree in commerce from the University of Auckland, and has taught both business studies and economics at prestigious schools and New Zealand and the UK. Nicholas is also an experienced cricket coach.
Tim Jordan is the newest member of the department. Tim studied economics and human geography at Liverpool JMU and joins us from The Warriner School, Oxfordshire where he was an Assistant Headteacher and Subject Leader for economics. Tim is married with three young children. He is a keen runner and has completed several triathlons.