Economics 9708/12 March 2016 | Cambridge AS Level Past Papers With Mark Scheme

You can download the PDF file for complete details and context.

1. Exploring opportunity cost and production possibility frontiers to evaluate choices in resource allocation and efficiency.

2. Analyzing demand and supply elasticity concepts, including cross elasticity of demand and the impacts of taxes and subsidies on market equilibrium.

3. Investigating fiscal policies, such as minimum wage introduction, income tax changes, and their effects on income equality and aggregate demand.

4. Assessing trade policies, including tariffs, comparative advantage, and their influence on domestic production and international exchange rates.

5. Evaluating macroeconomic policies, such as expansionary fiscal measures, expenditure-switching strategies, and responses to deflationary pressures.

6. Examining labor market dynamics, including privatisation, wage structures, and the interaction of government interventions with private sector behavior.