SHSubjectHub

Wage Rates and the Minimum Wage

Edexcel 9EB0T3-4bA-levelLesson packSubscription
Also online

This worksheet marks itself

Set it as homework or classwork and every answer is marked as pupils go, with feedback on what they got wrong. The scores go straight into your mark book, so you can see who needs help before the next lesson.

  • 11 questions
  • 45 marks
  • about 55 minutes
  • marked instantly

Question types: short answer, multiple choice, true or false, fill the gap, matching.

Try it with a class, freeHow it works

About this resource

Edexcel Economics B (9EB0) Theme 3 'The global economy' (Paper 2), Unit 3.5 'Global labour markets' — spec refs 3.5.2 and 3.5.3. Covers WAGE DETERMINATION via the supply of and demand for labour (labour demand as DERIVED demand, downward-sloping; labour supply, upward-sloping; equilibrium wage; f…

21 slides.

Lesson outline

  1. Do Now — Retrieval
  2. Hinge Check — Retrieval
  3. The Labour Market — Wage as the 'Price' of Labour
  4. Labour Demand — A Derived Demand
  5. Hinge Check — Derived Demand
  6. Labour Supply — Upward Sloping
  7. What Shifts Labour Demand and Labour Supply?
  8. Hinge Check — Demand Shift or Supply Shift?
  9. The National Minimum Wage — A Wage Floor
  10. Reading the Diagram — Excess Supply Explained
  11. Hinge Check — Does the Minimum Wage Always Cause Unemployment?
  12. Evaluation — Arguments FOR a Minimum Wage
Unit bundleTheme 3 · The global economy
Part of: Theme 3 · The global economy: the whole unitEvery resource in the unit in one zip.

More from Theme 3 · The global economy