Paper 1 · AS Multiple Choice · Timezone 1
June 2024 · 9708/11
Cambridge (CIE) · A Level
Economics 9708
Explore scarcity, markets, government policy and international trade. Use economic models and evidence to explain decisions and their consequences.
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What you'll cover
- Scarcity, choice and opportunity cost
- Demand and supply curves
- AS · Topic 3 · Government microeconomic intervention
- AS · Topic 4 · The macroeconomy
- AS · Topic 5 · Government macroeconomic intervention
- AS · Topic 6 · International economic issues
Published syllabus exam years: 2023, 2024, 2025, 2026, 2027, 2028, 2029. Confirm exam-series and centre availability with your school and Cambridge.
Progress through Cambridge International AS & A Level Economics 9708
2026–2028 syllabus · Version 2; 2029 syllabus · Version 1
53 of 53 sections have teaching and practice
Start the learning pathwayStudy options and assessment
Fifty-nine original lessons map all 53 Cambridge International AS & A Level Economics 9708 sections: all 29 AS sections (1.1–6.5) and all 24 A Level sections (7.1–11.6), covering all 253 numbered syllabus objectives. Six complex sections are split across lessons to give their objectives room for teaching and practice. Each mapped lesson includes original explanations, a worked example, concept checks and guided, independent and transfer/application practice with worked steps and answers. Topic coverage is complete for the listed syllabus versions, but this is not full-paper preparation. Practice is self-checked, not Cambridge-marked; extended-response grade evidence, cumulative timed-paper practice and human subject-teacher review remain outstanding.
Checked against Cambridge's 2026–2028 Version 2 (latest version published December 2025) and 2029 Version 1 (published September 2026). Cambridge states that neither version has significant changes affecting teaching. Always follow the syllabus for the candidate's examination year.
Choose your paper route
- AS Level onlyPaper 1 · 1 hour · 30 marks · 33%; Paper 2 · 2 hours · 60 marks · 67%
All AS sections 1.1–6.5 map to lessons. Full timed-paper preparation and human marking remain outstanding.
- A Level staged over two yearsYear 1: Papers 1–2; Year 2: Papers 3–4
AS content is assumed for Papers 3–4. All AS and A Level topics map to lessons; staged timed-paper practice and human review remain outstanding.
- A Level in one seriesPapers 1–4 · Paper 3: 1 hour 15 minutes · 30 marks · 17%; Paper 4: 2 hours · 60 marks · 33%
Papers 1–2 contribute 17% and 33% respectively to the A Level. All topics map to lessons; cumulative paper practice and human review remain outstanding.
Cambridge recommends prior mathematics equivalent to Cambridge IGCSE Mathematics (Extended) or Cambridge O Level. A Level Paper 3 and Paper 4 assume knowledge of the AS content.
View syllabus coverage
All 53 sections and 253 numbered objectives from AS topics 1.1–6.5 and A Level topics 7.1–11.6 map to teaching and guided, independent and transfer practice. Cambridge offers AS-only (Papers 1–2), staged A Level (AS Papers 1–2 followed by A Level Papers 3–4 with AS knowledge) and full A Level in one series (Papers 1–4). Topic-level syllabus teaching is mapped for all three routes; cumulative timed-paper practice, Cambridge-style grade evidence and human subject-teacher review remain outstanding. Written practice is self-checked, not an official Cambridge grade.
AS · Topic 1 · Basic economic ideas and resource allocation
- Scarcity, choice and opportunity cost1.1
- Economic methodology1.2
- Factors of production1.3
- Resource allocation in different economic systems1.4
- Production possibility curves1.5
- Classification of goods and services1.6
AS · Topic 2 · The price system and the microeconomy
- Demand and supply curves2.1
- Price elasticity, income elasticity and cross elasticity of demand2.2
- Price elasticity of supply2.3
- The interaction of demand and supply2.4
- Consumer and producer surplus2.5
AS · Topic 3 · Government microeconomic intervention
- Reasons for government intervention in markets3.1
- Methods and effects of government intervention in markets3.2
- Addressing income and wealth inequality3.3
AS · Topic 4 · The macroeconomy
- National income statistics4.1
- Introduction to the circular flow of income4.2
- Aggregate Demand and Aggregate Supply analysis4.3
- Economic growth4.4
- Unemployment4.5
- Price stability4.6
AS · Topic 5 · Government macroeconomic intervention
- Government macroeconomic policy objectives5.1
- Fiscal policy5.2
- Monetary policy5.3
- Supply-side policy5.4
AS · Topic 6 · International economic issues
- The reasons for international trade6.1
- Protectionism6.2
- Current account of the balance of payments6.3
- Exchange rates6.4
- Policies to correct imbalances in the current account of the balance of payments6.5
A Level · Topic 7 · The price system and the microeconomy
- Utility7.1
- Indifference curves and budget lines7.2
- Efficiency and market failure7.3
- Private costs and benefits, externalities and social costs and benefits7.4
- Types of cost, revenue and profit, short-run and long-run production7.5
- Different market structures7.6
- Growth and survival of firms7.7
- Differing objectives and policies of firms7.8
A Level · Topic 8 · Government microeconomic intervention
- Government policies to achieve efficient resource allocation and correct market failure8.1
- Equity and redistribution of income and wealth8.2
- Labour market forces and government intervention8.3
A Level · Topic 9 · The macroeconomy
- The circular flow of income9.1
- Economic growth and sustainability9.2
- Employment/unemployment9.3
- Money and banking9.4
A Level · Topic 10 · Government macroeconomic intervention
- Government macroeconomic policy objectives10.1
- Links between macroeconomic problems and their interrelatedness10.2
- Effectiveness of policy options to meet all macroeconomic objectives10.3
A Level · Topic 11 · International economic issues
- Policies to correct disequilibrium in the balance of payments11.1
- Exchange rates11.2
- Economic development11.3
- Characteristics of countries at different levels of development11.4
- Relationship between countries at different levels of development11.5
- Globalisation11.6
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- 01
Scarcity, choice and opportunity cost
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Not started - 02
Economic methodology and time periods
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Not started - 03
Factors of production and specialisation
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Not started - 04
Resource allocation in market, planned and mixed economies
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Not started - 05
Production possibility curves
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Not started - 06
Classifying goods and services
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Not started - 07
Demand and supply curves
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Not started - 08
Price elasticity of demand
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Not started - 09
Price elasticity of supply
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Not started - 10
The interaction of demand and supply
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Not started - 11
Consumer and producer surplus
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Not started - 12
Reasons for government intervention in markets
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Not started - 13
Methods and effects of government intervention in markets
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Not started - 14
Addressing income and wealth inequality
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Not started - 15
National income statistics
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Not started - 16
Introduction to the circular flow of income
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Not started - 17
Aggregate Demand and Aggregate Supply analysis
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Not started - 18
- 19
- 20
- 21
Government macroeconomic policy objectives
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Not started - 22
Fiscal policy and aggregate demand
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Not started - 23
- 24
Supply-side policy
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Not started - 25
The reasons for international trade
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Not started - 26
- 27
Current account of the balance of payments
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Not started - 28
- 29
Policies to correct imbalances in the current account of the balance of payments
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Not started - 30
Externalities and market failure
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Not started - 31
Utility and consumer choice
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Not started - 32
Indifference curves and budget lines
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Not started - 33
Efficiency and market failure
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Not started - 34
Production and cost functions
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Not started - 35
Revenue and economic profit
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Not started - 36
Market structures and barriers to entry
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Not started - 37
Market performance, competition and concentration
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Not started - 38
Growth and survival of firms
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Not started - 39
Firm objectives, pricing policies and revenue
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Not started - 40
Policies to improve allocation and correct market failure
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Not started - 41
Equity, poverty and redistribution
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Not started - 42
Labour demand, marginal revenue product and supply
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Not started - 43
Labour-market equilibrium, wage differences and rent
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Not started - 44
The multiplier, aggregate demand and equilibrium income
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Not started - 45
Growth, the business cycle and sustainability
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Not started - 46
Full employment and types of unemployment
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Not started - 47
Natural unemployment, labour mobility and policy
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Not started - 48
Money, the quantity theory and commercial banks
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Not started - 49
Money creation, inflation and interest rates
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Not started - 50
Macroeconomic objectives and trade-offs
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Not started - 51
Interrelationships among macroeconomic problems
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Not started - 52
Choosing policies and evaluating macroeconomic outcomes
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Not started - 53
Balance-of-payments accounts and adjustment policies
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Not started - 54
Exchange-rate systems and external adjustment
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Not started - 55
Measuring economic development and living standards
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Not started - 56
Population, inequality and economic structure
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Not started - 57
Aid, trade, investment and multinational companies
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Not started - 58
Foreign debt and the roles of the IMF and World Bank
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Not started - 59
Globalisation, regional integration and trade effects
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Browse 53 topics →AS & A Level Economics 9708 · Starter Paper
3 questions · 45 min · Timed practice
Official papers
Historical and specimen papers may follow a different syllabus. Check the year and component before practising.
Paper 2 · AS Data Response and Essays · Timezone 1
June 2024 · 9708/21
Paper 3 · A Level Multiple Choice · Timezone 1
June 2024 · 9708/31
Paper 4 · A Level Data Response and Essays · Timezone 1
June 2024 · 9708/41