Economics 9708/43 May June 2022 | Cambridge AS Level Past Papers With Mark Scheme

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1. Definition of productivity and factors affecting productivity in G7 countries, with specific reference to innovation, R&D, and sectoral performance in the UK and the US.

2. The relationship between investment in IT, infrastructure, and workforce skills with high productivity, supported by comparative data.

3. Discussion on the UK's productivity challenges, including Brexit-related uncertainties, low R&D investment, and poor management practices.

4. Public goods as a source of market failure, highlighting the non-rivalrous and non-excludable characteristics and their impact on private sector provision.

5. Comparative efficiency analysis of firms in perfect and monopolistic competition, exploring long-term normal profits and efficiency using diagrams.

6. Game theory applications to oligopolistic pricing interdependence, addressing how firms make strategic pricing decisions under mutual dependence.

7. Impacts of trade unions and national minimum wages on wage levels, employment, and distribution of costs and benefits between employers and employees.

8. Circular flow model explaining the potential of export-led growth to improve living standards in developing economies through increased income and consumption.

9. Keynesian and monetarist approaches to unemployment, contrasting budget deficits' demand-side effects with supply-side policy measures for long-term reductions.