Economics 9708/31 May June 2016 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Understanding efficiency in production, Pareto efficiency in resource allocation, and the downward slope of the demand curve.

2. Analyzing market structures like perfect competition and oligopolies, barriers to entry, and non-cooperative behavior among firms.

3. Exploring profit maximization, conditions for price discrimination, and cost curves in firm operations.

4. Investigating labor market dynamics, including minimum wage effects in monopsony markets and policies to raise employment in specific industries.

5. Evaluating fiscal policies to reduce income inequality, net welfare gains from lifting quantity restrictions, and national income exclusions.

6. Assessing economic metrics like employment-output relationships, Phillips curve agreements, and factors influencing productivity gaps between rich and poor countries.