Broad comparisons of the structure of earnings and employment between the UK and the rest of the EU, and with other international economies.
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Card 7
Front
The structure of UK employment and earnings categorised by age, gender, ethnicity, occupation, region and sector.
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Card 8
Front
understand the nature and influences on firms’ revenues
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Card 9
Front
explain the models of market structure: – monopoly, – oligopoly, – monopolistic competition
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Card 10
Front
The costs and revenues of firms: total, average and marginal concepts.
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Card 11
Front
The concept of an efficient market structure in terms of costs, prices, output and profit. The models of market structure: • monopoly; • oligopoly; • monopolistic competition. The concept of contestability in markets
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Card 12
Front
Application of these models to the behaviour of firms in leisure markets, to include the markets for holidays and leisure travel, spectator sports, broadcasting and cinema admissions.
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Card 13
Front
explain the characteristics of a contestable market
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Card 14
Front
discuss the relationship between efficiency and market structure in leisure markets
