AS and A-Level Economics course is designed to help students develop theoretical and practical business skills. It gives students opportunities to develop the skill of creative-thinking and problem-solving using different concepts of Economics.
The course mainly focuses on the study of fundamental economic ideas, including an introduction to the price system and government intervention, international trade and exchange rates, the measurement of employment and inflation, and the causes and consequences of inflation.
Students also study the theory of the firm, market failure, macroeconomic theory and policy, and economic growth and development.
Download AS and A-Level Economics Past Papers (All in One):
Below all the AS and A-Level Economics 9708 Past Papers are available in the PDF for free download:
AS and A-level Computer Science Past papers are also available
AS and A-level Business Past papers are also available
AS and A-level Physics Past papers are also available
AS and A-level Chemistry Past papers are also available
AS and A-level Biology Past papers are also available
AS and A-level Accounting Science Past papers are also available
AS and A-level Mathematics Past papers are also available
AS and A-level Psychology Past papers are also available
Now, Let’s discuss the Economics 9708 Paper Pattern.
AS and A-Level Economics 9708Paper Pattern:
This subject has 4 papers: Paper 1: Multiple choice questions with a duration of 1 hour. Paper 2: Data Response and Essay with a duration of 1.5 hours. Paper 3: Multiple choice with a duration of 1.15 hours. Paper 4: Data response and essay with a duration of 2.15hours.
Students with the AS certification will appear in Paper 1 and 2 in a single examination series. Students who have received AS certification will continue to appear in Paper 3 and paper 4. OR Students can appear in all 4 papers in a single attempt fo A-Level.
AS & A Level Economics 9708 Textbook:
The best Textbook for AS and A-Level Economics 9708 recommended by Cambridge Internationals is written by Colin Bamford, Susan Grant. It includes all the topics for Economics 9708. It is easily available.
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AS and A-Level Economics 9708 Subject Topics:
Candidates for Cambridge International AS Level Economics study the following topics:
Basic economic ideas and resource allocation:
For AS-Level:
- Scarcity, choice, and opportunity cost
- Positive and normative statements
- Factors of production
- Resource allocation in different economic systems and issues of transition
- Production possibility curves
- Money
- Classification of goods and services
For AS and A-Level:
- Efficient resource allocation
- Externalities and market failure
- Social costs and benefits;
- cost-benefit analysis
The price system and the micro economy:
For AS-Level:
- Demand and supply curves
- Price elasticity, income elasticity, and cross-elasticities of demand
- Price elasticity of supply
- Interaction of demand and supply
- Market equilibrium and disequilibrium
- Consumer and producer surplus
For AS and A-level:
- Law of diminishing marginal utility
- Indifference curves
- Budget lines
- Types of cost, revenue and profit, short-run and long-run production
- Different market structures
- Growth and survival of firms
- Differing objectives of a firmMarketing
Government microeconomic intervention:
For AS-Level:
- Maximum and minimum prices
- Taxes (direct and indirect)
- Subsidies
- Transfer payments
- Direct provision of goods and services Nationalization and privatization
For AS and A-Level:
- Policies to achieve efficient resource allocation and correct market failure
- Equity and policies towards income and wealth redistribution Labor market forces and government intervention:
- Demand and supply of labor
- Wage determination in perfect markets Wage determination in imperfect markets
- Government failure in the microeconomic intervention
The macroeconomy:
For AS-Level:
- Aggregate Demand and Aggregate Supply analysis
- Inflation
- Balance of payments
- Exchange rates
- The terms of trade
- Principles of absolute and comparative advantage
- Protectionism
For AS and A-Level:
- Economic growth, economic development and sustainability
- National Income statistics
- Classification of countries
- Employment/unemployment
- The circular flow of income
- Money supply (theory)
- Keynesian and Monetarist schools
- The demand for money and interest rate determination
- Policies towards developing economies; policies of trade and aid
Government macro intervention:
For AS-Level:
- Types of policy: fiscal, monetary and supply-side policy
- Policies to correct balance of payments disequilibrium
- Policies to correct inflation and deflation
For AS and A-level:
- Government macro policy aims
- Inter-connectedness of problems
- Effectiveness of policy options to meet all macroeconomic objectives
GenioPrep provides Economics 9708 Latest Past Papers and Resources that includes syllabus, specimens, question papers, marking schemes, FAQ’s, Teacher’s resources, Notes, and a lot more.
Economics 9708 past papers free download is provided from 2002 till now with new exams from May/Jun, Oct/Nov, and March Session as well.
Economics 9708 Past Papers from 2002, 2003, uptil 2015, 2016, 2017, 2018, 2019, 2020 are available. Syllabus for 2021, 2022, and future years is also provided.