Economics 9708/31 May June 2021 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Analysis of externalities, consumption, and production decisions, including cases of diminishing marginal utility and externalities.
2. Cost structures, efficiency, and pricing decisions for monopolistic and competitive markets.
3. Effects of taxation policies and government interventions on market outcomes, including Gini coefficient analysis and tax incidence.
4. Application of the Kuznets curve and the Measure of Economic Welfare (MEW) to economic development and inequality.
5. Mechanisms of fiscal and monetary policies, including their roles in growth stimulation, quantitative easing, and the multiplier process.
6. Theoretical concepts like the Laffer curve and their relevance to tax rates and revenue relationships.