Theme 3 Edexcel A Economics A Level Resources

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Resources (model answers, diagrams and further practice questions)

Full practice paper for Paper 1 [Features the water industry, covers theme 1 and theme 3] | Section B model answers.

Practice question for section B, theme 3 only. [Case study on Google and internet search]

Model answers to the 2024 Paper 1 exam

25 marker model answer [monopoly]

25 marker model answer [minimum wage]

25 marker model answer [policies to intervene in market power]

Multiple choice quiz for theme 3

All key Edexcel Economics A micro diagrams [theme 1 and theme 3]

Content notes with examples, evaluation points and practice questions

3.1.1 Types and size of firms

3.1.2 Business growth

3.1.3 Demergers

3.2.1 Business objectives

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 (including the effect of shifts on cost-revenue diagrams).

3.4.2 Perfect competition

3.4.3 Monopolistic competition

3.4.4 Oligopoly

3.4.5 Part 1 – monopoly

3.4.5 Part 2 – price discrimination

3.4.6 Monopsony

3.4.7 Contestability

3.5.1 Demand for labour

3.5.2 Supply of labour

3.5.3 Wage determination and current labour market issues

About the author

Tom Furber

Helping economics students online since 2015. Previously an economist, I now provide economics resources on tfurber.com and tutor A Level Economics students. Read more about me here.