Economics 9708 (Cambridge International AS & A Level)
Original practice questions with long-form, step-by-step worked solutions, organised by the 9708 syllabus strands. Everything here is free to read.
- Subject code
- 9708
- Tier
- AS & A2
- Topics
- 15
- Worked questions
- 150
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Official Cambridge references: 9708 syllabus ↗ · past papers ↗
Basic Economic Ideas and Resource Allocation
Scarcity, Choice and Opportunity Cost
Explain the fundamental economic problem of scarcity and unlimited wants and how it forces choices at every level of decision-making; define opportunity cost…
Economic Systems and Production Possibility Curves
Identify the factors of production and their rewards, and compare how market, planned and mixed economies allocate resources; draw and interpret a production…
The Price System and the Microeconomy
Demand, Supply and Elasticity
Derive market demand and supply curves from their determinants and find equilibrium price and quantity, distinguishing a shift in a curve from a movement…
Market Structures, Costs and Revenue
Calculate short-run and long-run costs, revenue and profit from production data and explain the shape of average and marginal cost curves; describe economies…
Market Failure and Externalities
Distinguish productive efficiency from allocative efficiency and identify the main sources of market failure; calculate marginal social cost and marginal…
Government Microeconomic Intervention
Labour Markets and Wage Determination
Model a firm's demand for labour as a derived demand using marginal revenue product theory and the supply of labour to a firm or occupation; explain wage…
Government Intervention and Inequality
Explain why governments intervene in individual markets and evaluate indirect taxes, subsidies, price controls, direct provision and buffer stock schemes as…
The Macroeconomy
The Multiplier, Growth and Money and Banking
Calculate the multiplier and use it with the income/AD model to find the equilibrium level of national income and the effect of a change in a component of AD…
National Income and AD/AS Analysis
Define and calculate national income measures (GDP, GNI and NNI) and trace the circular flow of income between households, firms and government; construct the…
Economic Growth, Unemployment and Inflation
Distinguish nominal from real GDP growth and identify the causes and consequences of economic growth; classify frictional, structural, cyclical, seasonal and…
Government Macroeconomic Intervention
Fiscal, Monetary and Supply-Side Policy
Compare fiscal, monetary and supply-side policy as tools for meeting government macroeconomic objectives; distinguish a budget deficit from a budget surplus…
Macroeconomic Policy Conflicts and the Phillips Curve
Analyse the interrelatedness of macroeconomic objectives, including the relationships between growth, inflation, unemployment and the balance of payments; use…
International Economic Issues
Balance of Payments and Exchange Rates
Calculate the balance of trade in goods and services and the current account balance, and explain the causes and consequences of a current account imbalance…
International Trade and Protectionism
Distinguish absolute advantage from comparative advantage and explain the case for free trade and specialisation between countries; evaluate tariffs, import…
Economic Development and Globalisation
Compare fixed and managed exchange rate systems with a floating rate; use monetary and composite indicators, including the Human Development Index, to compare…