ZIMSEC A-Level Economics
6Theory of Distribution
Overview
Form 5 (competency matrix 8.1.6) and Form 6 (8.2.4). The matrix also lists interest rate determination (Loanable Funds and Liquidity Preference theories) here and under Money and the Price Level; it is transcribed once, as 10.5.
In this topic
Lessons
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Economic rent, transfer earnings and quasi-rent
50 min
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Rent, wages, interest and profit: the rewards to the factors of production
45 min
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How wages are determined: competitive markets, unions, minimum wages and monopsony
55 min
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The demand for labour and marginal revenue product theory
55 min
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The supply of labour: to a firm, to an occupation and to the economy
50 min
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Wage differentials: why different jobs pay different wages
55 min
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Sample question
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