Economics is about choice and its impact. It relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and businesses.
Studying Economics will help you understand and make use of economic information. You will learn to analyse, interpret, predict and explain the actions of individuals, businesses and governments to various economic situations. You will develop an appreciation of how markets and governments work and how the decisions taken in these economic contexts affect our daily lives.
Economics is therefore a useful subject for many students, particularly if you are interested in a career in business or finance, central or local government.
To see what career areas this subject could lead to and the routes to get there, download and view these career pathways:
This is at the discretion of the school/college but you would normally be expected to have attained one of the following:
The course comprises three areas of study.
Economic Markets: Structures and Intervention
National and Global Economic Issues
Researching an Economic Issue
The course assessment has two components with a total of 120 marks:
For Component 2, you will select and research an appropriate economic issue to produce a report.
Both the question paper and the project are set and externally marked by the Scottish Qualifications Authority (SQA).
The grade awarded is based on the total marks achieved across course assessment.
The course assessment is graded A-D.
Further study, training or employment in: