Economics 9708/31 Oct Nov 2020 | Cambridge AS Level Past Papers With Mark Scheme

The PDF file can be downloaded for reference. Key questions include:

1. Application of cost-benefit analysis for optimal resource allocation and externality management.
2. Market dynamics including price discrimination, predatory pricing, and factors influencing small firms’ survival in competitive markets.
3. Relationships between income distribution, Human Development Index components, and wealth indices like the Inclusive Wealth Index.
4. Effects of fiscal, monetary, and trade policies on inflation, unemployment, and GDP growth, including concepts like monetarism and the Keynesian approach.
5. Analysis of trade union impacts on wages, employment, and labour market outcomes.
6. Macroeconomic equilibrium, challenges in inflation targeting, and accelerator theory in investment dynamics.