Economics 9708/32 May June 2024 | Cambridge AS Level Past Papers With Mark Scheme

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- Consumer behavior analysis through marginal utility, budget constraints, and utility maximization concepts.
- Market structures, including perfect competition, monopolistic competition, and contestable markets, with cost-benefit implications for firms.
- Impact of privatization, labor market dynamics, and employment incentives in various economic scenarios.
- Government policy implications, such as inflation control, unemployment reduction, and recession recovery through fiscal, monetary, and supply-side strategies.
- Balance of payments adjustments, currency valuation, and trade policy effects, including expenditure-switching and comparative advantage applications.
- Economic indicators like GDP, Human Development Index, and environmental factors in assessing changes in living standards and welfare.