Economics 9708/03 May June 2009 | Cambridge AS Level Past Papers With Mark Scheme

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1. Identifying the economic challenges contributing to scarcity and their effects on market equilibrium.
2. Examining consumer behavior and how changes in income and prices impact demand for goods.
3. Exploring labor market dynamics, including wage rates, union influence, and productivity changes.
4. Analyzing the impact of market structures, such as monopolies and perfect competition, on pricing and output decisions.
5. Investigating the role of government interventions like subsidies, taxes, and price controls in addressing market inefficiencies.
6. Understanding macroeconomic factors such as exchange rates, inflation, and fiscal policies in shaping economic growth and stability.