National 5

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Nat 5 Economics covers the following topics:

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ECONOMIES OF THE MARKET - Personal economics, basic economic problem, theory and determinants of demand and supply, costs/revenue/profit, and markets

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UK ECONOMIC ACTIVITY - Government finance, government aims, and Scotland's place in the economy

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GLOBAL ECONOMIC ACTIVITY - Understanding global trade, multinationals, exchange rates, and understanding the impact of the global economy

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Higher

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Higher Economics covers the following topics:

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ECONOMIES OF THE MARKET - The economic problem, PPDs, PED, markets, production, costs, market structures, and market intervention

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UK ECONOMIC ACTIVITY - Government finance, government aims, government policies, national income, and place of Scotland in the UK economy

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GLOBAL ECONOMIC ACTIVITY - Understanding global trade, multinationals, exchange rates, Balance of Payments, and understanding the impacts of the global economy​​​​​​​​​​​​​​​​​​​​​​