Economics 9708/32 May June 2011 | Cambridge AS Level Past Papers With Mark Scheme

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1. Utility maximization principles and their application in consumer choice and budget allocation.
2. Relationship between average and marginal product curves in labor inputs.
3. Analysis of labor market effects due to minimum wage policies and elasticities of demand and supply.
4. Implications of supply-side policies, fiscal measures, and tariffs on economic growth and trade balance.
5. Evaluation of monetary expansion, its short-term and long-term effects on unemployment, and the investment multiplier.
6. Examination of comparative advantage, production possibility curves, and efficiency in resource allocation.