51ºÚÁÏ

Edexcel A-level Economics A revision notes,
Year 2: Theme 3 and Theme 4

1. Business Behaviour & The Labour Market
   CONTENTS
   3.1 Business Growth
   3.1.1 Size & Types of Firms
   3.1.2 Business Growth
   3.1.3 Demergers
   3.2 Business Objectives
   3.2.1 Business Objectives
   3.3 Revenues, Costs & Profits
   3.3.1 Revenue
   3.3.2 Costs
   3.3.3 Economies & Diseconomies of Scale
   3.3.4 Normal Profits, Supernormal Profits & Losses
   3.4 Market Structures
   3.4.1 Effciency
   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
   3.5.1 Demand for Labour
   3.5.2 Supply of Labour
   3.5.3 Wage Determination in Competitive & Non-competitive Markets
   3.6 Government Intervention
   3.6.1 Government Intervention
   3.6.2 The Impact of Government Intervention

2. A Global Perspective
   CONTENTS
   4.1 International Economics
   4.1.1 Globalisation
   4.1.2 Specialisation & Trade
   4.1.3 Pattern of Trade
   4.1.4 Terms of Trade
   4.1.5 Trading Blocs & the World Trade Organisation (WTO)
   4.1.6 Restrictions on Free Trade
   4.1.7 Balance of Payments
   4.1.8 Exchange Rates
   4.1.9 International Competitiveness
   4.2 Poverty & Inequality
   4.2.1 Absolute & Relative Poverty
   4.2.2 Inequality
   4.3 Emerging & Developing Economies
   4.3.1 Measures of Development
   4.3.2 Factors Influencing Growth & Development
   4.3.3 Strategies Influencing Growth & Development
   4.4 The Financial Sector
   4.4.1 Role of Financial Markets
   4.4.2 Market Failure in the Financial Sector
   4.4.3 Role of Central Banks
   4.5 Role of the State in the Macroeconomy
   4.5.1 Public Expenditure
   4.5.2 Taxation
   4.5.3 Public Sector Finances
   4.5.4 Macroeconomic Policies in a Global Context