Economics 9708/32 Oct Nov 2022 | Cambridge AS Level Past Papers With Mark Scheme

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1. Understanding allocative efficiency, market entry, and concentration ratios’ impacts on economic welfare.
2. Analyzing cost-benefit analysis for infrastructure projects, considering externalities and community benefits.
3. Exploring concepts like marginal utility, budget lines, and indifference curves in consumer behavior analysis.
4. Assessing firm behaviors in imperfect competition, including revenue maximization and cost structures.
5. Evaluating government policies to address income inequality, demerit goods, and labor market interventions.
6. Examining macroeconomic concepts, including GDP indicators, inflation impacts, foreign direct investment benefits, and Phillips curve dynamics.