Cambridge International AS & A Level Economics (9708)

1. Basic economic ideas and resource allocation

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. The price system and the microeconomy

3. Government microeconomy intervention

4. The Macroeconomy

5. Government macroeconomic intervention

6. International economic issues

Concept/A-Level CAIE Economics/AS/1. Basic economic ideas and resource allocation/1.1 Scarcity, choice and opportunity cost

1.1 Scarcity, choice and opportunity cost

Syllabus: 9708–2026–2027
Topic: 1.1
Level: AS

What you’ll learn

4 learning objectives

Choose one objective for a focused lesson, or study the complete topic.

1.1 Scarcity, choice and opportunity cost