Economics 9708/33 May June 2015 | Cambridge AS Level Past Papers With Mark Scheme

Download the PDF file for reference and detailed examination of the questions.

- Economic efficiency criteria and conditions for optimal resource allocation.
- Utility maximization through marginal utility and its role in consumer behavior under budget constraints.
- Cost dynamics, including marginal and average costs, and their implications for profit-maximizing firms.
- Labor market effects of wage changes, economic rents, and elasticity of demand for labor.
- Macroeconomic dynamics, such as inflation-unemployment trade-offs, multiplier effects, and implications of changes in the money supply.
- Human Development Index considerations versus income-based metrics for evaluating economic development.