Economics 9708/11 Oct Nov 2016 | Cambridge AS Level Past Papers With Mark Scheme

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1. Examining production possibility curves, opportunity costs, and technological improvements' effects on economic efficiency.
2. Analyzing demand and supply dynamics, price elasticity concepts, and the impact of government interventions like taxes and subsidies.
3. Evaluating consumer and producer surplus, the consequences of maximum and minimum price regulations, and income tax systems.
4. Understanding inflation, exchange rate fluctuations, and aggregate supply-demand shifts' impacts on trade balances and national income.
5. Exploring international trade concepts, terms of trade indices, and the benefits and limitations of trading possibility curves.
6. Assessing fiscal and monetary policies to address balance of payments deficits, aggregate demand increases, and deflationary pressures in open economies.