Business Studies

Business  The Junior Certificate Business course is designed to prepare students for the real world, to help them make informed decisions in the everyday business of living, to help develop enterprise skills for a rapidly changing commercial environment. By choosing business at Junior Certificate, students have three options to choose from at Leaving Certificate: Accounting, Business and Economics

Junior Certificate Course

At Junior Certificate, students have 4 periods per week and using the book New Studies in Business and will work on the following:

Year 1 Year 2 Year 3
Income ExpenditureBudgetingConsumerMoney + BankingBorrowingInsuranceInformation Technology EconomicsNational BudgetForeign Trade & EUTypes of Business Org’sBusiness PlanCash flow ForecastingFinance + BankingBusiness InsuranceCommunicationsChannels of DistributionsFinal Accounts 1 + 2 People at workIndustrial relationsMarketingDelivery systemsBusiness TransactionsCash BookFinal Accounts 3 + 4Double Entry Bookkeeping (H.L.)

The subject is assessed at Junior Certificate level as follows –

  •      Class QuestioningBusiness3
  •      Tests at the end of each chapter
  •      Online quizzes
  •      Presentations
  •      Worksheets, project work and homework assignments
  •      Exam papers
  •      Formal Christmas and Summer exams
  •      Junior Cert exam after 3 years

Leaving Certificate Courses

At Leaving Certificate level, Business Studies is split into 3 different strands namely:

Economics, Business, Accountancy

Economics

Economics is a subject that most people are relatively familiar with especially in today’s economic climate.  The media keeps us in touch with a wide range of economic issues that affect us all as citizens of a country.  some of the issues we should be keeping an eye on are:

  1. Unemployment and Job Creation,
  2. Inflation,
  3. The EU and The Euro,
  4. Taxation,
  5. Interest Rates,
  6. Government Policies,
  7. Performance of our Economy,
  8. Third World Issues
  9. The Banking System.

 

Economics is offered as one of the three business subjects – Business, Economics and Accountancy.

The study of economics is divided into two sections:

  1. MICRO-ECONOMICS

This is the study of individual markets.  i.e. buyers and sellers agree on a price.The price will help to decide who gets the goods and services and what factors of production are employed.

  1. MACRO-ECONOMICS

Deals with matters affecting the wealth of the whole community called the GROSS NATIONAL PRODUCT.  Topics include: International Trade & Finance, The EU, Population, Economic Growth and Role of the Government and the Economy.

Economics studies how scarce resources are best distributed to satisfy our infinite needs and wants.  Our resources are Land, Labour, Capital and Enterprise and economics looks at the alternative uses for these resources.

Higher Level and Ordinary Level options are available for Leaving Certificate.

5th Year students have 6 periods per week.

6th Year students have 5 periods per week.

It will develop a student’s skills as a clear & reasoned thinker.Students will understand current affairs better and media reports on economic issues.Students will have a better understanding of Ireland’s part in the global economy if proceeding to 3rd level the student will have studied a subject that will benefit them in subjects such as Arts, Engineering and Business Studies.

CAREERS

Those who study economics can have opportunities in a number of careers such as: Journalism, Politics, Administration, Accountancy, Financial Services, Trade Unions, Engineering, Marketing, Social Work and many more.  If at Third level you specialise in economics,  careers are available in large corporations and agencies including government departments, the banks, stock broking agencies and voluntary agencies.Business2

ASSESSMENT METHODS

Students are examined after each topic is completed in class.

Key Definitions relevant for Section A of Leaving Cert: exam Paper are examined on an on going basis throughout the school year.

Christmas and Summer Tests (based on term work).

Oral Examinations in class

 

Accounting

The subject has a dual role in education in that it has both a practical and theoretical aspect which are totally inter-linked throughout the syllabus. It is a form of communication with specific language and techniques which equips students for many areas of everyday financial business and social life. Accounting is of personal use and benefits to students whether they enter the workforce immediately or proceed to third level education and should they become involved in voluntary organisations.

 

At Leaving Certificate, students have 5 periods per week for 2 years and will work on the following:

  • Final accounts for limited companies
  • Departmental, sole trader and manufacturing companies and published accounts (Higher level only)
  • Analysis and Interpretation of Financial Statements
  • Cash flow statements, Suspense accounts and correction of errors
  • Club accounts and accounts of service firms
  • Introduction to management accounting:
  • Cost Classification
  • Product Costing
  • Marginal costing
  • Budgeting and Budgetary control
  • ASSESSMENT METHODS
  • Class test at end of topics/Chapter
  • Christmas Test
  • Mock Exams

Business

This is a practical and vocationally oriented course that introduces students to the world of business in a straight forward and logical way. It aims to create an awareness of the importance of business activity and do develop a positive and ethical attitude towards it. The importance of people in business is highlighted. The course sets out to illustrate the process of setting up a business and developing a new product or service. It emphasises the importance of good management and deals worth skills and activities necessary for good management practice. It also deals with the impact of technology, foreign trade, global firms and competition and with business structures and the national economy. This is a good stepping stone into a wide variety of jobs.

 

In this module of Business Studies students use the book ‘The Business World’ ‘and have 5 periods of Irish in 5th year and 6 periods of Irish in 6th year. Students will study the following topics at Leaving Certificate:

 

Unit 1 Unit 2 Unit 3
People in businessConflicting Interests Enterprise ManagementCommunications
Unit 4 Unit 5 Unit 6
Household + Business Finance, Insurance TaxationHuman Resource ManagementThe Changing Role of ManagementMonitoring the business including ratio analysis Identifying opportunitiesMarketingStart upExpansion Business SectorsStructuring of BusinessCommunity DevelopmentBusiness, Government + WorkersSocial + Ethical Responsibilities of Business
Unit 7
The International Trading EnvironmentThe European UnionInternational Business

 

 

 Department Staff Subject Web Resources
Subject Co-Ordinator – Ms M. McBride

Academic Staff – Ms K. McGonagle

Academic Staff – Ms A. McGonagle

Academic Staff – Ms C. McGovern

 

www.skoool.ie

www.businessstudiesonline.co.uk

www.teachnet.ie

www.consumerconnect.ie

www.itsyourmoney.ie

www.finfacts.ie

www.cso.ie

www.nera.ie

www.examinations.ie

 

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