Economics 9708/32 May June 2015 | Cambridge AS Level Past Papers With Mark Scheme

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1. Analysis of allocative efficiency threats in market economies, including monopolistic practices, externalities, and differentiated products.

2. Utility maximization and consumer spending decisions, addressing marginal utility comparisons across goods within a fixed income constraint.

3. Cost curve implications of external diseconomies and decreasing returns to scale, alongside the relationship between production inputs and output levels.

4. Equilibrium analysis in different market structures, with focus on monopoly, perfect competition, and monopolistic competition regarding profit and efficiency objectives.

5. Effects of government interventions:
- Minimum wages above equilibrium rates on employment.
- Budget deficits and their connection to cyclical economic shocks.

6. Economic growth and development indicators, examining changes in GDP per capita, education enrollment, and life expectancy to infer trends in national progress and development.