Economics 9708/03 Oct Nov 2004 | Cambridge AS Level Past Papers With Mark Scheme

You can download the full PDF file for reference. Key questions extracted:

1. Evaluation of allocative and productive efficiency in perfectly competitive markets.
2. Analysis of consumer utility maximization across multiple goods based on marginal utility and price relationships.
3. Discussion of labor market dynamics, including shifts in supply and wage elasticity.
4. Examination of monopolistic and oligopolistic market behaviors, including price discrimination and profit-maximizing strategies.
5. Exploration of Keynesian economic principles, such as multipliers, liquidity traps, and the accelerator effect on investment.
6. Assessment of fiscal and monetary policy impacts on inflation, unemployment, and balance of payments adjustments.