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Home Tuition Scotland provides qualified Economics tutors in Edinburgh, Economics tutors in Glasgow, Economics tutors in Aberdeen and Economics tutors in Dundee.

Our Economics tutors are all GTC Scotland-registered schoolteachers and are experts in Standard Grade Economics revision, Intermediate Economics revision and Higher Economics revision curriculums including:

The Course content has been organised into three Units: Microeconomics, The UK Economy and The International Economy.
All of the Course content will be subject to sampling in the Course assessment.
The content of the Course is summarised below.
Microeconomics
The basic economic problem
The nature of the economic problem The concepts of scarcity, choice and opportunity cost.
Resources Factors of production - land, labour, capital and enterprise.
Substitution of resources. Mobility of resources. Measures to improve and mobility.
Choices What to produce? How much to produce? How to produce? For whom to produce?
The meaning of economic efficiency - satisfaction of maximum wants from available resources.
Opportunity cost Sacrifice of the most attractive alternative.
Individuals, firms, governments.
Demand
Theory of demand Effective demand.
Demand schedules.
Total, marginal and diminishing marginal utility.
The shape of the demand curve.
Determinants of market demand Price, income, prices of other goods (substitutes and complements), tastes, fashion, advertising, population.
Effects of changes in determinants of demand on quantity demanded.
Supply
The nature of supply Supply schedules.
The shape of the supply curve.
Determinants of market supply Price, prices of factors of production, technology, weather, taxes and subsidies.
Effects of changes in determinants of supply on quantity supplied.

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