Economics 9708/33 May June 2016 | Cambridge AS Level Past Papers With Mark Scheme

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1. Explain economic efficiency concepts, such as consumption, production, and pricing efficiency, with examples.

2. Analyze the implications of positive externalities using the concept of marginal social benefit and marginal social cost.

3. Evaluate the use of indifference curves in determining consumer equilibrium, considering substitution and income effects.

4. Discuss firm behavior in competitive markets, focusing on marginal cost, average cost, and the effects of subsidies on resource allocation.

5. Analyze the role of fiscal and supply-side policies in stabilizing economies, addressing unemployment, and boosting productivity.

6. Explain key trade theories and policies, such as comparative advantage and tariffs, in improving balance of payments and economic growth.