Cambridge 9708 · A2 Level

Master Economics
at A2 Level

Animated diagrams, precise theory, and exam technique — built for Cambridge 9708. Every concept explained the way examiners want to see it.

17Topics
6+Diagrams
3Sections
Start with Micro → 8edu.co.uk
Section 01

Microeconomics

Consumer theory, market structures, efficiency, and government intervention.

MICRO · 01
Utility & Indifference Curves
Substitution and income effects for normal, inferior, and Giffen goods. Full Hicksian decomposition.
✓ Live 6 animated diagrams
MICRO · 02
Efficiency & Market Failure
Allocative, productive and dynamic efficiency. Private vs social costs. Externalities — consumptive and productive. X-inefficiency.
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MICRO · 03
Costs, Revenue & Production
Short and long run costs. Revenue curves. Returns to scale. Economies and diseconomies of scale.
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MICRO · 04
Market Structures
Perfect competition, monopoly, monopolistic competition, oligopoly. Profit maximisation. Concentration ratios.
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MICRO · 05
Firms' Objectives
Profit maximisation, revenue maximisation, satisficing, managerial objectives. Principal-agent problem.
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MICRO · 06
Government Micro Interventions
Taxes, subsidies, price controls, regulation, nationalisation. Correcting market failure.
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MICRO · 07
Labour Markets
Marginal revenue product, wage determination, monopsony, trade unions, discrimination.
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Section 02

Macroeconomics

National income, growth, employment, money, and the key macro models.

MACRO · 01
Circular Flow of Income
Injections and withdrawals. The multiplier. MPC, MPS and the Keynesian multiplier formula.
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MACRO · 02
Economic Growth
Actual vs potential growth. Output gaps. Growth and the PPF. Costs and benefits of growth.
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MACRO · 03
Employment
Types of unemployment. Natural rate. Causes and consequences. The labour market.
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MACRO · 04
Money Supply
Functions of money. Quantity theory. Monetary policy. Interest rates and the money market.
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MACRO · 05
Phillips Curve & AD/AS
Traditional Phillips Curve. Expectations-augmented Phillips Curve. AD/AS model. How demand shocks transmit across both frameworks — the Paper 4 killer combination.
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MACRO · 06
Laffer Curve
Tax rates and tax revenue. Supply-side economics. The revenue-maximising tax rate.
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Section 03

International Economics

Trade, exchange rates, development, and economic integration.

INTL · 01
Balance of Payments
Current account, capital account, financial account. Deficits and surpluses. Adjustment mechanisms.
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INTL · 02
Exchange Rates
Fixed vs floating. Appreciation and depreciation. Marshall-Lerner condition. J-curve effect.
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INTL · 03
Economic Development
HDI, development indicators. Harrod-Domar model. Barriers to development. Aid vs trade.
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INTL · 04
Trade Blocs, Trade Creation & Diversion
Free trade areas, customs unions, common markets. Viner's trade creation and trade diversion. WTO.
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