Edexcel B Theme 4: Making Markets Work

Market structures, barriers to entry, oligopoly, pricing and efficiency

• 4.1.1 Spectrum of Competition
• 4.1.2 Barriers to Entry
• 4.1.3 Oligopoly
• 4.1.4 Business Objectives and Pricing Decisions
• 4.1.5 Productive and Allocative Efficiency

Market power, business regulation and the case for and against it

• 4.2.1 Market Power and Market Failure
• 4.2.2 Business Regulation
• 4.2.3 Arguments For and Against Regulation

Public and merit goods, externalities and policies to correct them

• 4.3.1 Market Failure in Society
• 4.3.2 Externalities
• 4.3.3 Policies to Deal with Market Failure

The AD/AS model, demand-side and supply-side policies and their effects

• 4.4.1 The AD/AS Model
• 4.4.2 Demand-Side Policies
• 4.4.3 Supply-Side Policies
• 4.4.4 The Impact of Macroeconomic Policies

Risk, the financial sector, the central bank and the 2008 crisis

• 4.5.1 Risks and Uncertainty
• 4.5.2 The Role of the Financial Sector
• 4.5.3 The Role of the Central Bank
• 4.5.4 The Global Financial Crisis