Economics 9708
About Course
Cambridge International AS & A Level Economics (9708) is an internationally recognised qualification that prepares students, typically aged 16–19 years, for higher education and future careers. The qualification is accepted by leading universities and employers worldwide and develops advanced economic knowledge, analytical thinking and evaluation skills. It is recommended that learners have a sound general secondary education before starting the course. The qualification is typically completed over 1 year for AS Level or 2 years for the full A Level, comprises four examination papers for the full A Level (or two papers for the standalone AS Level), and is normally completed within the relevant examination series.
Throughout this course, you will develop a deep understanding of how individuals, businesses and governments make economic decisions in local and global contexts. You will study resource allocation, markets, microeconomics, macroeconomics, government intervention, international trade, development economics and globalisation while strengthening your ability to analyse data, interpret economic models, evaluate policy choices and construct well-reasoned arguments. The course provides excellent preparation for university programmes in Economics, Finance, Business, Public Policy, International Relations and related disciplines, while also supporting careers in banking, consulting, entrepreneurship, government, international organisations and economic research.
At Polymath Institute, your study partner, you will learn through a structured digital learning platform designed around the official Cambridge syllabus. You will benefit from syllabus-aligned video lessons, guided practice, topic exercises, quizzes, assessments, extensive past paper practice, mock examinations, focused revision programmes and continuous progress tracking. With 24/7 tutoring support, you can learn at your own pace, revisit challenging topics, strengthen weaker areas and monitor your examination readiness throughout the course. Our comprehensive learning approach helps you prepare confidently for higher grades while connecting advanced economic knowledge with university success and future professional opportunities.
What Will You Learn?
- Explain advanced economic concepts, theories and terminology accurately.
- Analyse microeconomic and macroeconomic issues using economic models.
- Evaluate government policies and international economic developments critically.
- Interpret statistical, graphical and economic data confidently.
- Construct well-reasoned economic arguments supported by evidence.
- Demonstrate effective examination techniques through past papers and mock exams.
- Apply analytical, research and problem-solving skills to complex economic scenarios.
- Prepare confidently for university study and professional careers in economics-related fields.
Course Content
Syllabus overview – Economics 9708 (AS & A Level)
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Course Introduction
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Economics 9708 syllabus and exam overview
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Set your study goals and strategy
STARTING OF ECONOMICS 9708 AS LEVEL | Quick overview of AS Level syllabus
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Economics 9708 AS Level syllabus overview
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Set your grade goal and design your optimal learning strategy
Module 1: Basic economic ideas and resource allocation
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1.1 Scarcity, choice and opportunity cost
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1.2 Economic methodology
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1.3 Factors of production
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1.4 Resource allocation in different economic systems
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1.5 Production possibility curves
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1.6 Classification of goods and services
Module 2: The price system and the microeconomy
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2.1 Demand and supply curves
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2.2 Price elasticity, income elasticity & cross elasticity of demand
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2.3 Price elasticity of supply
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2.4 The interaction of demand and supply
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2.5 Consumer & producer surplus
Module 3: Government microeconomic intervention
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3.1 Reasons for government intervention in markets
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3.2 Methods & effects of government intervention in markets
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3.3 Addressing income and wealth inequality
Module 4: The macroeconomy
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4.1 National income statistics
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4.2 Introduction to the circular flow of income
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4.3 Aggregate Demand and Aggregate Supply analysis
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4.4 Economic growth
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4.5 Unemployment
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4.6 Price stability
Module 5: Government macroeconomic intervention
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5.1 Government macroeconomic policy objectives
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5.2 Fiscal policy
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5.3 Monetary policy
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5.4 Supply-side policy
Module 6: International economic issues
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6.1 The reasons for international trade
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6.2 Protectionism
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6.3 Current account of the balance of payments
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6.4 Exchange rates
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6.5 Policies to correct imbalances in the current account of the balance of payments
AS LEVEL ECONOMICS 9708 SYLLABUS COMPLETED | LET’S GET READY FOR THE EXAM
EXAM DONE! LET’S SUBMIT YOUR GRADES
STARTING OF A LEVEL ECONOMICS | Quick overview of A Level syllabus (Module 7 – 12)
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Economics 9708 A Level syllabus overview
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Set your grade goal and design your optimal learning strategy
Module 7: The price system and the microeconomy (Continued from Module 2)
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7.1 Utility
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7.2 Indifference curves and budget lines
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7.3 Efficiency and market failure
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7.4 Private costs & benefits, externalities & social costs & benefits
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7.5 Types of cost, revenue & profit, short-run and long-run production
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7.6 Different market structures
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7.7 Growth and survival of firms
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7.8 Differing objectives and policies of firms
Module 8: Government microeconomic intervention (Continued from Module 3)
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8.1 Government policies to achieve efficient resource allocation & correct market failure
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8.2 Equity & redistribution of income & wealth
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8.3 Labour market forces and government intervention
Module 9: The macroeconomy (Continued from Module 4)
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9.1 The circular flow of income
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9.2 Economic growth & sustainability
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9.3 Employment/unemployment
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9.4 Money & banking
Module 10: Government macroeconomic intervention (Continued from Module 5)
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10.1 Government macroeconomic policy objectives
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10.2 Links between macroeconomic problems and their interrelatedness
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10.3 Effectiveness of policy options to meet all macroeconomic objectives
Module 11: International economic issues (Continued from Module 6)
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11.1 Policies to correct disequilibrium in the balance of payments
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11.2 Exchange rates
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11.3 Economic development
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11.4 Characteristics of countries at different levels of development
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11.5 Relationship between countries at different levels of development
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11.6 Globalisation