Economics 9708/31 May June 2017 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Evaluating examples of market failure, including externalities and inequality, and selecting government projects using cost-benefit analysis.

2. Analyzing marginal utility, production possibility curves, and indifference curves to assess consumer behavior and economic efficiency.

3. Investigating integration types in business takeovers and challenges faced by small firms in industries with high competition or standardization.

4. Exploring minimum wage impacts in monopsony labor markets, understanding economic rent, and comparing income distribution using Gini coefficients.

5. Assessing national income influences, including effects of borrowing, output gaps on inflation, and trends in GDP and unemployment cycles.

6. Examining macroeconomic policies such as fiscal stability, automatic stabilizers, and methods for addressing balance of payments deficits and demand-pull inflation.