Business and Economics

The impact of business and economic activity on our world is unquestionable, and an understanding of how businesses operate is crucial to making some sense of the complex society we live in. 

The Business curriculum gives students the opportunity to explore the fundamentals of entrepreneurship as they engage in the development of new products and tackle the challenges of a new business start-up.  Later, students will have the opportunity to critically reflect on the impact that business decisions can have on a wide spectrum of stakeholders locally, nationally and globally.

In addition, the Economics curriculum aims to provide our students with an understanding of their place in a dynamic and evolving global economy.  We encourage students to challenge the Classical hypotheses of rationality and perfect markets, and to consider the role of the institutions which seek to correct market failures and promote economic growth. Beyond this, students will be challenged to evaluate the wider consequences of public policy decisions. In a world of big data, the economics curriculum also ensures that our students are well placed to understand, interpret and extrapolate the truth that lies hidden within such data.

Within either discipline, the curriculum encourages students to be multivisionary- able to look at problems from many different perspectives. Students will be challenged to consider the moral or ethical problems and principles which arise when making decisions.  The curriculum will make certain that students know about our world, and will  challenge them to consider how best to live in this world. Our Business and Economics curricula promote academic excellence, personal best, character development, and an appreciation of human behaviour. Our aspiration is that this particular blend of skills will enable our students not only to further their study of Business and Economics, but also (and perhaps more importantly) to do the right thing beyond their time at The King’s.

a. Students will learn the fundamentals of business, including an understanding of complex systems, market forces, entrepreneurship and the theory and praxis of business.

b. Students will be able to engage meaningfully in the world of business through developing their confidence with innovation, driving ideas, marketing products and learning to make informed judgements on quality and efficiency.

c. Students will become morally responsible as they learn about integrity in the workplace, and that businesses are no less morally accountable than individuals and should be driven to contribute positively to society. Through studying business, we seek to form the character traits of determination and integrity.

d. Students will learn the dynamics of human behaviour at both a micro and a macro level, thereby enabling them to understand how markets work, how markets fail, and the role of institutions within markets.

e. Students will be able to model complex economic processes using theoretical constructs, analyse and evaluate the validity of their outcomes, and articulate their findings in a logical way.

f. Students will become ethically aware as they learn the principles and moral or ethical problems which can afflict households, firms, and/or governments, and consider their place in tackling some of the challenges that face humanity.