Theme 3: Business behaviour and the labour market

Notes for the Edexcel A-Level Economics module: Theme 3: Business behaviour and the labour market. These have been made according to the specification and cover all the relevant topics for examination in May/June.

Edexcel A-Level Theme 3: Business behaviour and the labour market Notes:

• 3.1.1 Sizes and types of firms
• 3.1.1 Sizes and types of firms
• 3.1.2 Business growth
• 3.1.2 Business growth
• 3.1.3 Trading blocs
• 3.1.3 Demergers
• 3.1.3 Demergers
• 3.2.1 Business objectives
• 3.2.1 Business objectives
• 3.3.1 Revenue
• 3.3.1 Revenue
• 3.3.2 Costs
• 3.3.2 Costs
• 3.3.3 Economies and diseconomies of scale
• 3.3.3 Economies and diseconomies of scale
• 3.3.4 Normal profits, supernormal profits and losses
• 3.3.4 Normal profits, supernormal profits and losses
• 3.4.1 Efficiency
• 3.4.1 Efficiency
• 3.4.2 Perfect competition
• 3.4.2 Perfect competition
• 3.4.3 Monopolistic competition
• 3.4.3 Monopolistic competition
• 3.4.4 Oligopoly
• 3.4.4 Oligopoly
• 3.4.5 Monopoly
• 3.4.5 Monopoly
• 3.4.6 Monopsony
• 3.4.6 Monopsony
• 3.4.7 Contestability
• 3.4.7 Contestability
• 3.5.1 Demand for labour
• 3.5.1 Demand for labour
• 3.5.2 Supply of labour
• 3.5.2 Supply of labour
• 3.5.3 Wage determination in competitive and non-competitive markets
• 3.5.3 Wage determination in competitive and non-competitive markets
• 3.6.1 Government intervention
• 3.6.1 Government intervention
• 3.6.2 The impact of government intervention
• 3.6.2 The impact of government intervention