Unit 5 Edexcel Economics

I want to know what topics to study for unit 5 Edexcel economics? Which are the important ones?

If you are doing unit 5A Labour Markets the most important topics are:

• Determination of wages
• Impact of Trades Unions / minimum wages on labour markets
• Monopsony
• Flexible Labour Markets
• Government Intervention in Labour markets
• Unemployment in labour markets
• The impact of Ageing population on labour markets
• Causes of Inequality
• Policies to deal with inequality
• Measuring inequality
• See: essays on Labour Markets

Unit 5B Economic development

See List of Essays on Economic Development

• Causes of growth
• Meaning of development
• Costs of growth
• Development strategies. agriculture vs Industry
• External Finance e.g. MNCs and World Bank
• The merits of Aid
• Structural adjustment policies

• Labour Markets notes