Economics 9708/13 May June 2016 | Cambridge AS Level Past Papers With Mark Scheme

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1. Understanding production possibility curves and calculating opportunity costs in resource allocation.
2. Examining government interventions, including subsidies, sales taxes, and their effects on demand and supply dynamics.
3. Exploring price elasticity concepts, including cross-elasticity, income elasticity, and their implications for complementary and substitute goods.
4. Evaluating aggregate demand and supply shifts due to fiscal, monetary, and trade policies, and their effects on inflation and trade balances.
5. Analyzing terms of trade, comparative advantage, and specialization impacts on global trade and national output.
6. Assessing fiscal and monetary policy tools for managing inflation, trade deficits, and macroeconomic stability under different exchange rate systems.