Economics 9708/33 May June 2017 | Cambridge AS Level Past Papers With Mark Scheme

You can download the full PDF file for reference. Key questions extracted:

1. Analysis of government interventions in addressing external costs and achieving optimal economic welfare through subsidies or taxes.
2. Explanation of returns to scale and diminishing returns in production processes.
3. Evaluation of market structures, including monopolistic competition and oligopoly, and their characteristics like price rigidity and profit behavior.
4. Assessment of fiscal measures for income redistribution and the calculation of the Gini coefficient using Lorenz curves.
5. Discussion of macroeconomic concepts like the multiplier effect, quantitative easing, and their implications for economic growth and stability.
6. Exploration of factors driving economic growth, including savings rates, foreign trade openness, and the efficiency of financial systems.