Skip to content ↓


In Economics you will develop your understanding of the economic environment in which we live by enabling  you to understand economic concepts in real-life contexts.

The courses highlight how important economic concepts, government policies and global trade affect our daily lives, and deepen understanding of how markets work.  You will  develop an in-depth understanding of economic problems, as well as the ability to explain those problems and consider possible solutions to them.

It covers the following areas of study:

  • Economics of the Market - understanding choices and how consumers/businesses react to changes in markets.
  • UK Economic Activity - understanding economic issues such as inflation and unemployment and UK taxation.
  • Global Economic Activity - the world of international trade, exchange rates, rich and poor countries.

It is assessed as follows:

Nat 5 & Higher

  • Question Paper = 90 marks  
  • Assignment = 30 marks

Adv. Higher

  • Question Paper = 80 marks
  • Assignment = 40 marks

Due to the fact that we are a small school, Economics is not offered every year. Please speak to Mrs Martin if you are interested in studying this subject.

National 5 Economics Information

Higher Economics Information

Higher Economics in a Nutshell