A-level
Economics A-level:
Labour Markets
Learn It
Check you know the main principles by reviewing the list of different topic areas, either click on the topic heading to quick learn the whole topic or pick individual principles to brush up.
Labour Markets
The demand for labour
- The demand for labour is a derived demand
- Marginal revenue product theory
- The determinants of the elasticity of the demand for labour
The supply of labour
- Some definitions
- The individual's supply of labour curve
- The labour supply curve for the firm and the industry
- The determinants of the elasticity of the labour supply curve
The equilibrium wage
- The equilibrium wage in a perfectly competitive labour market
- The equilibrium wage in monopsony
- Transfer earnings and economic rent
Trade unions
- Trade unions v. a perfectly competitive labour market
- Trade unions v. monopsonist employers
- The decline of the trade unions
The minimum wage
- Minimum wage theory
- The case for the National Minimum Wage
- The case against the National Minimum Wage
- An evaluation of the National Minimum Wage
The changing UK labour market
Test It
Now you have learnt the main principles, test yourself with these sample questions. If you get stuck, go back and review the principle again.
Revise It
Print these out and carry them with you!