Economics 9708/11 May June 2010 | Cambridge AS Level Past Papers With Mark Scheme

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1. Identifying the causes of scarcity and the economic principles involved in the allocation of resources.
2. Analyzing the effects of changes in income and prices on the demand for normal and inferior goods.
3. Exploring the role of market structure in determining price and output, with focus on monopolies and competition.
4. Understanding the implications of government interventions like subsidies, taxes, and price controls.
5. Evaluating the relationship between exchange rates, trade, and balance of payments in a global context.
6. Discussing the role of inflation, interest rates, and fiscal policy in achieving economic stability.