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Cambridge A Level Economics

Syllabus 9708 · For examination in 2026, 2027 and 2028 · sourced from Cambridge International -- official AS & A Level Economics (9708) syllabus PDF, Version 1, published September 2023, verified 2026-08-19.

  1. 1. Basic economic ideas and resource allocation (AS)

    • 1.1 Scarcity, choice and opportunity cost
    • 1.2 Economic methodology
    • 1.3 Factors of production
    • 1.4 Resource allocation in different economic systems
    • 1.5 Production possibility curves
    • 1.6 Classification of goods and services

  2. 2. The price system and the microeconomy (AS)

    • 2.1 Demand and supply curves
    • 2.2 Price elasticity, income elasticity and cross elasticity of demand
    • 2.3 Price elasticity of supply
    • 2.4 The interaction of demand and supply
    • 2.5 Consumer and producer surplus

  3. 3. Government microeconomic intervention (AS)

    • 3.1 Reasons for government intervention in markets
    • 3.2 Methods and effects of government intervention in markets
    • 3.3 Addressing income and wealth inequality

  4. 4. The macroeconomy (AS)

    • 4.1 National income statistics
    • 4.2 Introduction to the circular flow of income
    • 4.3 Aggregate Demand and Aggregate Supply analysis
    • 4.4 Economic growth
    • 4.5 Unemployment
    • 4.6 Price stability

  5. 5. Government macroeconomic intervention (AS)

    • 5.1 Government macroeconomic policy objectives
    • 5.2 Fiscal policy
    • 5.3 Monetary policy
    • 5.4 Supply-side policy

  6. 6. International economic issues (AS)

    • 6.1 The reasons for international trade
    • 6.2 Protectionism
    • 6.3 Current account of the balance of payments
    • 6.4 Exchange rates
    • 6.5 Policies to correct imbalances in the current account of the balance of payments

  7. 7. The price system and the microeconomy (A)

    • 7.1 Utility
    • 7.2 Indifference curves and budget lines
    • 7.3 Efficiency and market failure
    • 7.4 Private costs and benefits, externalities and social costs and benefits
    • 7.5 Types of cost, revenue and profit, short-run and long-run production
    • 7.6 Different market structures
    • 7.7 Growth and survival of firms
    • 7.8 Differing objectives and policies of firms

  8. 8. Government microeconomic intervention (A)

    • 8.1 Government policies to achieve efficient resource allocation and correct market failure
    • 8.2 Equity and redistribution of income and wealth
    • 8.3 Labour market forces and government intervention

  9. 9. The macroeconomy (A)

    • 9.1 The circular flow of income
    • 9.2 Economic growth and sustainability
    • 9.3 Employment/unemployment
    • 9.4 Money and banking