Edexcel Unit 3 This and That

Edexcel Unit 3 This and That

Edexcel Unit 3 This and that

Teacher instructions

Look at the list of past questions. Pick a few topics that you want to revise, find the question on the past paper and type them onto a list of questions – add the marks allocated for each one and the date of each paper for reference.

Print and cut out both of pages 4 ‘Concept Cards’ and 5’Topic Triangles’ – either one set per student or one per group.

Task 1 – starter:

Each student takes one Topic Triangle and two Concept Cards; they must find a way to describe a link between each of the Cards and the Triangle.

Task 2: building theory into questions

Teacher picks and pre-prints a selection of past questions from the list on page 2-3 (don’t worry about the data response stimulus material, just give them the question). Type out the full questions, with marks available, on a sheet of paper, print and give the list of questions to the students.

They should find the appropriate ‘Topic Triangle’ and asmany as possible of the ‘Concept Cards’ that they could use in the answer to each question.

Differentiation – all should be able to identify at least two rectangles per question; the more able should be able to identify a longer list.

Types and motives of firms

Jan 10 q10c

June 14 q9c (shut down)

June 14 q10a (shut down)

Firms’ Growth

Jan 10 q10 b,d

June 10 q9a

Jan 11 q9a, c, d

June 11 q10c, d

Jan 12 q10b, c

June 12 q9a

Jan 13 q10a

June 15 9a

Costs

Jan 11 q9b

Jan 11 q10b

June 11 q10a, c

June 12 q10b

June 13 q9b

June 14 q9c (shut down)

June 14 q10a (shut down)

June 15 9b (and revenues)

Revenue

June 12 q 10 d

June 15 9b (and costs)

Economies of Scale

Efficiency

June 11 q10d

Profit

June 11 q10a

Jan 12 q9b

June 12 q9b

June 12 q10b

Jan 13 q9b

June 14 q10d

June 15 10b

Barriers to Entry

Jan 11 q10a

June 11 q9a

June 14 q9d

Market structures general

Jan 10 q9a

Jan 10 q10a

June 10q10a

Jan 12 q10a

June 12 q9d

June 12 q10a

Jan 13 q10d

June 13 q10a

June 14 q9a

June 15 10a

Perfect Competition

June 13 q9b

Monopoly

June 14 q9b (patents)

Monopsony

June 12 q9c

June 13 q9a

Oligopoly

June 10 q9b, c

June 10 q10d

Jan 11 q10d

Jan 12 q9a

Jan 12 q10d

June 12 q10d

June 13 q9d

June 13 q10b

Collusion

Jan 12 q9d

June 13 q10c

June 15 9c

Game theory

June 11 q10c

Jan 12 q9d

Jan 13 q10c

June 13 q9d

Monopolistic Competition

Jan 13 q10b, d

Contestability and Pricing Strategy

Jan 10 q9

June 10 q9d

June 10 q10c

June 11 q9d

Jan 12 q10d

June 12 q10c

June 13 q9d

June 14 q9d

June 14 q10b, d

June 15 10c, d

Price Discrimination

June 10 q10b

June 11 q10b

June 14 q10b, c

Government Intervention – Competition policy

Jan 10 q3b, c

June 11 q9b, c

Jan 12 q10b

Jan 13 q9d

June 13 q10 c, d

June 15 9d

Government Intervention – Regulation

Jan 12 q9c

June 13 q10c, d

Government Intervention – PFI/PPP

Jan 13 q9a, c

Government Intervention –

Government Intervention – EU

June 13 q9c

Price elasticity of demand / Market failure / Consumer surplus
Business integration / Economies of scale / Collusion
Productive efficiency / Allocative efficiency / Supernormal profit
Dynamic efficiency / X-inefficiency / Shut down price
Supernormal profit / Barriers to entry / Stakeholders
Market concentration / Shut down point / Producer surplus
Product differentiation / Interdependence / Competition and Markets Authority
Game theory / Sunk costs / Revenue maximisation
Price regulation / Profit maximisation / Sales maximisation
Long run / Short run / Non-price competition