Economics 9708/33 May June 2022 | Cambridge AS Level Past Papers With Mark Scheme

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1. Conditions for Pareto optimality, external costs versus benefits, and production possibility curve efficiency in resource allocation.

2. Marginal utility equilibrium, budget line shifts due to price changes, and income/substitution effects for inferior goods.

3. Market structures, including collusion, small firm persistence, monopolistic competition dynamics, and direct provision challenges.

4. Policies addressing market failures, pollution permits trading impacts, labor market interventions, and nudge theory in behavioral economics.

5. Economic growth trends, national income overstatements in developing countries, and employment policies for technological unemployment.

6. Macroeconomic theories including liquidity preference, Kuznets curve, investment determinants, and consumption propensities under income variations.