Economics 9708/33 Oct Nov 2015 | Cambridge AS Level Past Papers With Mark Scheme

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1. Understanding consumer behavior through budget line shifts, indifference curves, and marginal utility optimization.
2. Analyzing production and cost dynamics, including marginal product, returns to scale, and short-run average costs.
3. Evaluating market structures, including monopolies, oligopolies, and perfect competition, with focus on contestable markets.
4. Examining national income concepts like the consumption propensity, multipliers, and deflationary gaps in closed economies.
5. Exploring inflation-unemployment trade-offs, demand-pull inflation, and Keynesian interest rate determinants.
6. Assessing global trade policies, including tariff reductions and their impacts on developing economies through increased specialization and productivity.