Economics 9708/11 May June 2022 | Cambridge AS Level Past Papers With Mark Scheme

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1. Exploring production possibility curves, opportunity costs, and the impact of shifts in resource allocation.
2. Analyzing demand and supply dynamics, price elasticity, and factors influencing equilibrium adjustments.
3. Evaluating consumer and producer surplus, maximum and minimum price effects, and market interventions like tolls and subsidies.
4. Examining fiscal and monetary policy impacts on inflation, exchange rates, and aggregate supply-demand equilibrium.
5. Understanding international trade, terms of trade, and the implications of tariffs, quotas, and currency fluctuations on trade balances.
6. Assessing fiscal and monetary policy effectiveness for addressing balance of payments deficits and controlling inflation.