Economics A Level (9708) Paper 3 (MCQ’s) Topical Worked Solutions- Solved Past Papers with Mark Schemes – 153- Read and Write

Economics A Level Paper 3 (MCQ’s) Topical Worked Solutions– 153- Read and Write includes each topic of the syllabus covered in a separate chapter containing MCQs from the past papers. Latest edition.

Article Number 153, Subject code 9708. Economics A Level Paper 3 book provides a thorough exercise of paper 3 for students taking Cambridge International Examinations A-Level Economics (9708).

Salient Features: 

• • All variants
  • 1274 MCQs Classified in 20 chapter and 84 subtopics
  • References of repeated questions added
  • Solved with explanation of all choices A,B,C & D
  • Questions order from new to old & easy to difficult
  • MCQ’s grouped in (Descriptive)(Graphical)
  • (Numerical) questions

MCQs from Economics A Level past Paper examinations are sorted into relevant chapters and topics which will enable students to practice their understanding systematically. A key to questions is added at the end of each chapter. Further help is provided in detailed answers.

Each topic of the syllabus has been covered in a separate chapter containing MCQs from the past papers. All the MCQs in this Book have been compiled according to the May June or October November year in which they were set in the A Level Cambridge examinations.

For the better understanding of the questions detailed answers are also given at the end of each chapter. CAIE Students will find “Student Evaluation Card” quite useful. This will enable them to compare their performances and focus on the weaker areas.

The correct answers to the Questions are given in the answer key at the end of each chapter.

Topics covered in Economics A Level Topical Solved Paper 3 book:

Following Topics are Covered in this book Economics A Level Topical Solved Paper

TABLE OF CONTENTS

UNIT 1 THEORY OF CONSUMER BEHAVIOR

1.1 Law of diminishing marginal utility
Answer Section
1.2 Law of equiutility
Answer Section
1.3 Budget line
Answer Section
1.4 Indifference curve analysis
Answer Section

Economics A Level Topical Solved Paper

UNIT 2 PRODUCTION & COST

2.1 Law of diminishing returns
Answer Section
2.2 Long Run production function (Least cost inputs mix)
Answer Section
2.3 Accounting cost and economic cost
Answer Section
2.4 Short costs
Answer Section
2.5 Returns to scale
Answer Section
2.6 Economies and dis economies of scale
Answer Section
2.7 Minimum efficient scale
Answer Section
2.8 Isoquant and isocost
Answer Section
2.9 Small firms
Answer Section
2.10 Multiple topics of chapter 2
Answer Section

UNIT 3 RULES OF FIRM’S BEHAVIOR

3.1 Profit maximization (MR=MC) rule
Answer Section
3.2 Shut down Rule
Answer Section
3.3 Multiple topics of chapter 3
Answer Section

UNIT 4 PERFECT COMPETITION

4.1 Perfect Competition price and output determination
Answer Section
4.2 Perfect Competition supply curve of a firm
Answer Section
4.3 Multiple topics of chapter 4
Answer Section

UNIT 5 MONOPOLY

5.1 Monopoly curves
Answer Section
5.2 Monopoly price and output determination
Answer Section
5.3 Monopoly topics of chapter 5
Answer Section

UNIT 6 MONOPOLISTIC COMPETITION

6.1 Monopolistic Competition
Answer Section

Economics A Level Topical Solved

UNIT 7 OLIGOPOLY

7.1 Oligopoly Demand Curve
Answer Section
7.2 Oligopoly leadership and cartel
Answer Section
7.3 Oligopoly of price collusion
Answer Section
7.4 Oligopoly of firms (Mergers and integration)
Answer Section
7.5 Oligopoly topics of chapter 7
Answer Section

Economics A Level Topical Solved

UNIT 8 COMPARISON OF MARKET STRUCTURES

8.1 Comparison of market structures
Answer Section
8.2 Concentration ratio
Answer Section

UNIT 9 FIRM’S OBJECTIVES, PRICE DISCRIMINATION AND CONTESTABLE MARKETS

9.1 Objectives of firms
Answer Section
9.2 Price discrimination
Answer Section
9.3 Contestable markets
Answer Section

Economics A Level Topical Solved

UNIT 10 ECONOMIC EFFICIENCY & MARKET FAILURE

10.1 Economic efficiency
Answer Section
10.2 PPC & economic efficiency
Answer Section
10.3 Socially optimum output & types of market failure
Answer Section
10.4 Imperfect market & market Failure
Answer Section
10.5 Government policies
Answer Section
10.6 Multiple topics of chapter 10
Answer Section

Economics A Level Topical Solved

UNIT 11 LABOUR MARKET

11.1 Marginal revenue product (MRP)
Answer Section
11.2 Individual Supply of labour
Answer Section
11.3 Firm and market supply of labour
Answer Section
11.4 Marginal cost of labour
Answer Section
11.5 Wage determination in perfect market
Answer Section
11.6 Wage determination in monopsony
Answer Section
11.7 Wage determination with trade union
Answer Section
11.8 Strength of trade union
Answer Section
11.9 Wage differentials
Answer Section
11.10 Economic rent and transfer earnings
Answer Section
11.11 Multiple topics of chapter 11
Answer Section

UNIT 12 INEQUALITY AND POLICIES TO DISTRIBUTE INCOME

12.1 Means tested benefits
Answer Section
12.2 Types of taxes
Answer Section
12.3 Gini coefficient and Lorenz curve
Answer Section
12.4 Multiple topics of chapter 12
Answer Section

UNIT 13 NATIONAL INCOME ACCOUNTING

13.1 Concepts of national income
Answer Section
13.2 Nominal and Real GDP
Answer Section
13.3 Methods of measuring national income
Answer Section

UNIT 14 ECONOMIC GROWTH & DEVELOPMENT

14.1 Meaning of economic growth
Answer Section
14.2 Actual versus potential growth
Answer Section
14.3 Factors contributing to economic growth
Answer Section
14.4 Costs and benefits of growth
Answer Section
14.5 Standard of living
Answer Section
14.6 Economic development and classification of countries
Answer Section

UNIT 15 KEYNESIAN THEORY OF INCOME & EMPLOYMENT

15.1 Circular flow of income
Answer Section
15.2 Consumption function
Answer Section
15.3 Marginal and average propensities
Answer Section
15.4 National income equilibrium
Answer Section
15.5 Multiplier (K)
Answer Section
15.6 Accelerator (a)
Answer Section
15.7 Multiple topics of chapter 15
Answer Section

UNIT 16 MONEY, BANKING & INTEREST RATE DETERMINATION

16.1 Banking
Answer Section
16.2 Credit Creation
Answer Section
16.3 Money Supply
Answer Section
16.4 Liquidity preference
Answer Section
16.5 Changes in interest rate
Answer Section

UNIT 17 MONETARY AND DEVELOPMENT POLICIES

17.1 Quantity Theory of Money
Answer Section
17.2 Macroeconomic policies
Answer Section
17.3 Automatic stablizers
Answer Section
17.4 Multiple topics of chapter 17
Answer Section

UNIT 18 EMPLOYMENT AND UNEMPLOYMENT

18.1 Types of Unemployment
Answer Section
18.2 Effects of Unemployment
Answer Section
18.3 Labour force and labour productivity
Answer Section

UNIT 19 MACROECONOMIC OBJECTIVES AND CONFLICTS

19.1 Short run phillips curve
Answer Section
19.2 Government macroeconomic aims
Answer Section
19.3 Approaches of macroeconomics
Answer Section

UNIT 20 OTHERS

20.1 Aggregate demand and supply
Answer Section
20.2 Elasticity
Answer Section
20.3 Absolute and percentage values
Answer Section
20.4 General questions
Answer Section

YEARLY PAPERS

March 2017 Paper 32
Answer Key
May 2017 Paper 32
Answer Key
October 2017 Paper 32
Answer Key
2018 Paper 32
Answer Key