Cambridge Cambridge International AS & A Level Economics 9708 · 1.1

Scarcity, choice and opportunity cost

Code: 1.1
In: 1 Basic economic ideas and resource allocation (AS Level)
Course: Cambridge International AS & A Level Economics 9708
Board: Cambridge

Grade boundaries·Cambridge command words

Codes and titles are read by a script from Cambridge's published specification and have not been checked by a person. What each point covers is in the specification itself: Cambridge’s specification.

Points under 1.1

1.1.1 fundamental economic problem of scarcity
1.1.2 need to make choices at all levels (individuals, firms, governments)
1.1.3 nature and definition of opportunity cost, arising from choices
1.1.4 basic questions of resource allocation

Points in 1 Basic economic ideas and resource allocation (AS Level)

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