Economics: Higher
Entry to this course is at the discretion of the centre.
Candidates should have achieved the National 5 Economics course or equivalent qualifications and/or experience prior to starting this course.
Course Content:
The course highlights the importance of economic concepts, government policies and global trade. It builds on candidates’ own experiences as consumers and helps them to interpret economic situations through the application of these concepts. Candidates have the opportunity to analyse, interpret, predict and explain the actions of individuals, firms and governments in various economic situations.
Candidates develop understanding of:
- how markets work
- how governments attempt to address economic problems
- how to analyse, interpret and communicate economic information
The Course has 3 areas of study:
Economics of the market
Candidates develop their understanding of how to analyse the basic economic problem. They examine and analyse how demand and supply drives resource allocation and economic production.
UK economic activity
Candidates develop their understanding of how to analyse government income and expenditure. They evaluate the role of the public and private sectors in the economy. Candidates develop the ability to assess the policies and other methods used by the UK government to achieve its economic aims.
Global economic activity
Candidates develop their understanding of how to analyse the global nature of economics. They explore global trade and its importance to the UK economy. Candidates examine economic features and impacts of developing countries, emerging economies, global institutions and the EU.
Assessment:
Question paper (90 marks)
Course Assessment (30 marks)
Progression Pathway:
Advanced Higher Economics
