Economics 9708/33 Oct Nov 2020 | Cambridge AS Level Past Papers With Mark Scheme

The user can download the PDF file for detailed review. Key questions summarized:

1. Examination of externalities in production and consumption, focusing on marginal social costs and benefits.
2. Analysis of consumer behavior changes due to shifts in budget constraints and rational decision-making with merit goods.
3. Exploration of market structures like monopolistic competition and their impacts on competition, pricing, and entry barriers.
4. Evaluation of income inequality using the Lorenz curve and Gini coefficient, with a focus on intergenerational equity policies.
5. Discussion of the effects of exchange rate depreciation on import and export pricing in open economies.
6. Use of Keynesian fiscal policies to address cyclical unemployment and promote macroeconomic equilibrium.