Cambridge A Level Economics

The Cambridge A Level Grade 12 Economics curriculum (syllabus 9708) extends the AS Level content by covering advanced topics across both microeconomics and macroeconomics, with the full A Level qualification requiring students to complete Papers 3 and 4 in addition to the two AS Level papers . The A Level content includes the price system and microeconomy (utility, indifference curves and budget lines, efficiency and market failure, externalities, types of cost/revenue/profit, different market structures including perfect competition, monopoly, monopolistic competition, and oligopoly, collusion and game theory, growth and survival of firms, differing objectives of firms), government microeconomic intervention (policies to achieve efficient resource allocation, equity and redistribution of income and wealth, labor market forces), the macro economy (circular flow of income, economic growth and sustainability, employment/unemployment, money and banking), government macroeconomic intervention (effectiveness of policy options to meet all macroeconomic objectives), and international economic issues (policies to correct balance of payments disequilibrium, exchange rates, economic development, characteristics of countries at different levels of development, relationship between countries, and globalization)

Subject

Economics

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