Business & Economics

We aim to give students access to a well sequenced, broad, and balanced curriculum, that covers the best of what is/has been said, written, created, and thought in Business Studies, Economics and the wider world, so students are knowledgeable, critical, and enriched. Through recognising talent, securing both substantive and disciplinary knowledge and experiencing success.


Students at The Kibworth School are fortunate enough to begin their study of enterprise with one hour per week throughout key stage 3. We have selected 6 key areas of study which we revisit and build upon throughout their time in key stage 3. These 6 core units are:

  • Personal Finance
  • Business Finance
  • Marketing
  • Careers and Entrepreneurship
  • The Wider World
  • Economics

As students revisit these units each year we strengthen their prior knowledge and build on their understanding with new content. These units of work are carefully selected to ensure we expose our students to key concepts in careers, business and economics.

We introduce and passionately support students to develop a broad subject vocabulary which enables confident discussions of real-world business decisions. We aim to give young people and the confidence to discuss the impact of government decisions on businesses and the general population.

Students are fortunate enough to have options of 3 different pathways. We support students throughout key stage 3 to make choices which we believe they will both enjoy, and which best suit their learning style.

A common question asked is the difference between business studies and economics. They are two closely linked areas of study and they complement each other nicely for those wishing to take both as options. However, it is important to understand the difference to help you decide which suits you the most.

Economics is the study of scarce resources; there are finite amounts of resources on the planet, and infinite wants, therefore in economics we study the decisions made by consumers, producers and the government as to how best to produce and distribute these finite goods . As such, Economics is more than just the study of money, finance or the economy.

Some of the questions that economists study include:

  • How to help billions of people who live in poverty?
  • Can appropriate policies be designed to save the environment without sacrificing economic growth?
  • Should governments tax the rich more to reduce income inequality?

GCSE Economics students will need to regularly apply mathematical calculations to their work and as such we express the importance of confident mathematicians choosing to study this subject at GCSE level.

There are two 105 minute exam papers worth 50% each; both of which take place in June of year 11. The exam papers consist of a range of multiple choice, short and longer answer questions; building up to a 15 mark essay at the back of each paper. Paper one focuses on how markets work, whereas paper two focuses on how economies work.

The 15 mark essay requires students to apply theoretical knowledge to an unseen case study. Students opting to study economics often develop a keen interest in current affairs and politics, which enables them to readily contextualise their knowledge to real world decisions being made by producers and the government.

Business studies focuses more directly on the running of a business and the factors a business owner must consider when setting up a new business or planning for expansion. We explore methods of production, human resource management and the legislations which businesses must adhere to as well as building on the marketing, finance and wider world units of key stage 3.

Some of the questions we might explore include:

  • Which source of finance best suits the needs of this business?
  • Which method of production might create the highest quality products?
  • How might a business promote a product to enable them to charge a premium price?

We offer two pathways of study for business depending on students preferred method of assessment.

GCSE Business is 100% examination, with two 90 minute exams taking place in June of year 11, each worth 50%. The exam papers consist of a range of multiple choice, short and longer answer questions; building up to a 12 mark essay at the back of each paper. Paper one focuses on small start-up businesses whereas paper two focuses on larger businesses preparing for business growth.
Students opting for GCSE Business often prefer to demonstrate their understanding of their business through time limited tests. They are concise in their responses and can recall knowledge well in exam conditions.

NCFE Business and Enterprise is 40% examination and 60% coursework. The 90 minute exam takes place in November of year 11 with an opportunity for a retake in March of year 11, the exam is a mixture of multiple choice, short and longer answer questions; building up to a 9 mark essay at the back of the paper. Students also complete an open book piece of coursework based on a pre released case study. The prerelease comes out in December and we begin the coursework in January of year 11, students have one opportunity to resubmit after external moderation has taken place in March.


Summary of Pathways to choose from:


NCFE Level ½ Technical Award in Business and EnterpriseGCSE BusinessGCSE Economics
Exam BoardNCFEEdexcelAQA
Exam %40%

1 x 90 minute Paper

Exam sat in November of Year 11

1 retake is possible in March Year 11


2 x 105 Minute Exams

Exams are sat in June of year 11


2 x 105 Minute Exams

Exams are sat in June of year 11


Coursework %60%0%0%
You might choose this course if…You are interested in how businesses are run.

You prefer project-based assessment to exam-based assessment


You would like to study a vocational qualification in business at college such as BTEC Level 3 Business

You are interested in how businesses are run.

You prefer exam-based assessment to project based assessment


You would like to study an A Level in Business at college

You are a confident mathematician and have an interest in the impact producers, consumers and the government have on the economy.


You prefer exam-based assessment to project based assessment


You would like to study an A Level in Business at college

Please see Subject Policies/Plans.

Subject Leader/s

G Taylor
K Rees