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 as many 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
Monopsony
Jan 10 q10c
Profit
June 12 q9c
June 14 q9c (shut down)
June 11 q10a
June 13 q9a
June 14 q10a (shut down)
Jan 12 q9b
June 12 q9b
Firms’ Growth
June 12 q10b
Oligopoly
Jan 10 q10 b,d
Jan 13 q9b
June 10 q9b, c
June 10 q9a
June 14 q10d
June 10 q10d
Jan 11 q9a, c, d
June 15 10b
Jan 11 q10d
June 11 q10c, d
Jan 12 q9a
Jan 12 q10b, c
Jan 12 q10d
June 12 q9a
Barriers to Entry
June 12 q10d
Jan 13 q10a
Jan 11 q10a
June 13 q9d
June 15 9a
June 11 q9a
June 13 q10b
June 14 q9d
Costs
Collusion
Jan 11 q9b
Market structures general
Jan 12 q9d
Jan 11 q10b
Jan 10 q9a
June 13 q10c
June 11 q10a, c
Jan 10 q10a
June 15 9c
June 12 q10b
June 10q10a
June 13 q9b
Jan 12 q10a
Game theory
June 14 q9c (shut down)
June 12 q9d
June 11 q10c
June 14 q10a (shut down)
June 12 q10a
Jan 12 q9d
June 15 9b (and revenues)
Jan 13 q10d
Jan 13 q10c
June 13 q10a
June 13 q9d
June 14 q9a
Revenue
June 15 10a
June 12 q 10 d
Monopolistic Competition
Jan 13 q10b, d
June 15 9b (and costs)
Perfect Competition
Economies of Scale
June 13 q9b
Contestability and Pricing
Strategy
Jan 10 q9
Monopoly
Efficiency
June 11 q10d
June 14 q9b (patents)
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
Shut down point Producer surplus
concentration
Product
Interdependence Competition and
differentiation
Markets
Authority
Game theory
Sunk costs
Revenue
maximisation
Price
regulation
Profit
maximisation
Sales
maximisation
Long run
Short run
Non-price
competition
Perfect
competition
Contestable
markets
Price
discrimination
Costs
Revenues
Privatisation
Oligopoly
Business
growth
Monopsony
Natural
monopoly
Pricing
Monopolistic
competition