Economics 9708/33 Oct Nov 2016 | Cambridge AS Level Past Papers With Mark Scheme

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- Equations of social costs and benefits, including their components in market and governmental contexts.
- Efficiency and scale dynamics in firms, highlighting diseconomies and fixed costs.
- Role of monopolistic competition in price-setting through differentiation and marketing.
- Trade-offs between efficiency and equity in microeconomic policies, considering redistributive and growth-oriented strategies.
- Labour market structures, addressing monopsony, mobility barriers, and trade union impacts on wages.
- National income determinants, including multiplier effects, savings-investment balance, and implications of unemployment and fiscal policies.