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Cambridge International AS & A Level Economics (9708)

1. Basic economic ideas and resource allocation

2. The price system and the microeconomy

2.1 Demand and supply curves

2.2 Price elasticity, income elasticity and cross elasticity of demand

2.2.1—PED, YED and XED

2.2.2—Elasticity formulae

2.2.3—Elasticity coefficients

2.2.4—Elasticity values

2.2.5—PED on straight-line demand

2.2.6—Elasticity determinants

2.2.7—PED and total expenditure

2.2.8—Elasticity and decision-making

2.3 Price elasticity of supply

2.4 The interaction of demand and supply

2.5 Consumer and producer surplus

3. Government microeconomy intervention

4. The Macroeconomy

5. Government macroeconomic intervention

6. International economic issues

A-Level/CAIE/Economics//AS/Concept/2. The price system and the microeconomy/2.2 Price elasticity, income elasticity and cross elasticity of demand/2.2.4—Elasticity values

2. The price system and the microeconomy

Syllabus: 9708–2026–2027
Section: 2
Level: AS

Exam analysis

Most tested topics

Demand and supply curves
Price elasticity, income elasticity and cross elasticity of demand
Price elasticity of supply
The interaction of demand and supply
Consumer and producer surplus