Business Studies (0450)
The Cambridge IGCSE Business Studies syllabus develops learners’ understanding of business activity in the public and private sectors, and the importance of innovation and change. Learners find out how the major types of business organisation are established, financed and run, and how their activities are regulated. Factors influencing business decision-making are also considered, as are the essential values of cooperation and interdependence.
Learners not only study business concepts and techniques but also enhance related skills such as numeracy and enquiry. The syllabus provides both a foundation for further study at Cambridge International A Level and an ideal preparation for the world of work.
Link to full syllabus: https://www.cambridgeinternational.org/Images/414126-2020-2022-syllabus.pdf
Cambridge IGCSE Business Studies is accepted by universities and employers as proof of an understanding of business concepts and techniques across a range of different types of businesses. Learners will be able to:
- understand different forms of business organizations, the environments in which businesses operate and business functions such as marketing, operations and finance
- appreciate the role of people in business success.
- They will also gain lifelong skills, including:
- the ability to calculate and interpret business data
- communication skills needed to support arguments with reasons
- the ability to analyze business situations and reach decisions or judgments.
Cambridge Internationals programmes balance a thorough knowledge and understanding of a subject and help to develop the skills learners need for their next steps in education or employment.
Recognition and Progression
The combination of knowledge and skills in Cambridge IGCSE Business Studies gives learners a solid foundation for further study. Candidates who achieve grades A* to C are well prepared to follow a wide range of courses including Cambridge International AS & A Level Business.
Cambridge IGCSEs are accepted and valued by leading universities and employers around the world as evidence of academic achievement. Many universities require a combination of Cambridge International AS & A Levels and Cambridge IGCSEs or equivalent to meet their entry requirements.
UK NARIC, the national agency in the UK for the recognition and comparison of international qualifications and skills, has carried out an independent benchmarking study of Cambridge IGCSE and found it to be comparable to the standard of GCSE in the UK. This means students can be confident that their Cambridge IGCSE qualifications are accepted as equivalent to UK GCSEs by leading universities worldwide.
The following are the preferred resources at Istanbul International School:
- Cambridge IGCSE Business Studies 0450 Coursebook
Cambridge International Examinations
Short Answer and Data Response – 50% (1 hour 30 minutes)
Four questions requiring a mixture of short answers and structured data responses
Candidates answer all questions
Case Study – 50% (1 hour 30 minutes)
Four questions based on a case study, provided as an insert with the paper
Candidates answer all questions