Economics 9708/43 May June 2011 | Cambridge AS Level Past Papers With Mark Scheme

The user can download the PDF file for detailed review. Key questions summarized:

1. Analysis of emerging economies’ growth during the 2009 recession, focusing on exchange rate strength and GDP growth rates compared to developed economies.
2. Examination of policy shifts in China, including reliance on domestic demand, fiscal stimulus, and credit expansion to drive economic recovery.
3. Discussion of export-led growth models versus domestic-demand-driven growth in emerging markets, highlighting advantages and limitations.
4. Exploration of market failures in car production and consumption, emphasizing government interventions to achieve resource efficiency.
5. Analysis of the equi-marginal principle in consumer demand and its linkage to demand curve derivation and market dynamics.
6. Evaluation of macroeconomic aims and their conflicts, focusing on the balance between economic growth, employment, and inflation control.