Edexcel A-Level Economics A2 3.3.4 3b Causes of Changes in the Equilibrium Wage Rate and Quantity of Competitive and Labour Topic Practice

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Pearson Edexcel IAL Economics

Unit 3: Business Behaviour

3.3.1 - Types and sizes of businesses

3.3.2 - Revenue, costs and profits

3.3.3 - Market structures and contestability

3.3.4 - Labour markets

3.3.4.1a - Factors that influence the demand for labour to a particular labour occupation: •

3.3.4.1b - Factors that influence the elasticity of demand for labour

3.3.4.2c - Factors that influence the supply of labour to a particular labour occupation: • size

3.3.4.2d - Factors that influence the elasticity of supply of labour

3.3.4.3a - Labour market equilibrium. of wage rates in

3.3.4.3b - Causes of changes in the equilibrium wage rate and quantity of competitive and labour

3.3.4.3c - Wage setting in the public sector/state-owned enterprises

3.3.4.4a - Causes and consequences of the geographical immobility of the labour market labour

3.3.4.4b - Causes and consequences of the occupational immobility of labour

3.3.5 - Government intervention

Unit 4: Developments in the Global Economy

4.3.1 - Causes and effects of globalisation

4.3.2 - Trade and the global economy

4.3.3 - Balance of payments, exchange rates and international competitiveness

4.3.4 - Poverty and inequality

4.3.5 - The role of the state in the macroeconomy

4.3.6 - Growth and development in developing, emerging and developed economies

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