Economics 9708/32 March 2023 | Cambridge AS Level Past Papers With Mark Scheme

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1. Utility theory's assumptions for rational consumers, exploring factors like complete information and independence in consumption decisions.

2. Dynamic efficiency in firms, emphasizing investment in technology and reduced barriers to entry for market competition.

3. Principal-agent problems in scenarios like landlord-tenant relationships, highlighting conflicts in incentives and responsibilities.

4. Allocative efficiency and cost-benefit analysis for public projects, considering government decisions based on externalities and resource allocation.

5. Macroeconomic principles like the accelerator theory, fiscal-monetary policy impacts, and their implications for economic growth, unemployment, and inflation.

6. Sustainable growth and development measures, incorporating components like income distribution, education, and poverty reduction alongside GDP metrics.