Economics 9708/32 March 2017 | Cambridge AS Level Past Papers With Mark Scheme

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1. Exploring allocative efficiency and divergences between private and social costs through subsidies, regulation, and externality management.

2. Analyzing economies of scale, diminishing returns, and pricing strategies in market structures, including perfect competition and monopolies.

3. Investigating barriers to collusion, price discrimination, and predatory pricing impacts on firm revenues and market dynamics.

4. Understanding Gini coefficient trends for income distribution, nudge theory applications, and advantages of property rights in externality control.

5. Examining factors influencing economic growth, such as technological innovations, education, and resource utilization, and their costs for present and future generations.

6. Evaluating macroeconomic variables like national income, employment policies, fiscal decisions, and government interventions in industrial expansion and budget surpluses.