Theme 3: Business behaviour and the labour market

03 A Level

THEME 3

Business behaviour and the labour market

Revise business growth, objectives, costs and revenues, market structures, labour markets and government intervention.

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20 published topics A Level course content

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3.1

Business growth

3 published topics

3.1.1 Sizes and types of firms 3.1.2 Business growth 3.1.3 Demergers
3.2

Business objectives

1 published topic

3.2.1 Business objectives
3.3

Revenues, costs and profits

4 published topics

3.3.1 Revenue 3.3.2 Costs 3.3.3 Economies and diseconomies of scale 3.3.4 Normal profits, supernormal profits and losses
3.4

Market structures

7 published topics

3.4.1 Efficiency 3.4.2 Perfect competition 3.4.3 Monopolistic competition 3.4.4 Oligopoly 3.4.5 Monopoly 3.4.6 Monopsony 3.4.7 Contestability
3.5

Labour market

3 published topics

3.5.1 Demand for labour 3.5.2 Supply of labour 3.5.3 Wage determination in competitive and non-competitive markets
3.6

Government intervention

2 published topics

3.6.1 Government intervention 3.6.2 The impact of government intervention

THEME 3

A2 Edexcel Microeconomics Revision Guide

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