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2026
January (4)Practise Economics 9640 by topic
634 questions from these 34 papers are cut up and sorted into 85 syllabus topics — answer them one by one and mark yourself against the official mark scheme.
Paper EC01
The nature and purpose of economic activityEconomic resourcesScarcity, choice and the allocation of resourcesProduction possibility diagramsEconomic methodologyThe demand for goods and servicesPrice, income and cross elasticities of demandThe supply of goods and servicesPrice elasticity of supplyThe determination of market pricesThe interrelationship between marketsHow markets and prices allocate resourcesProduction and productivitySpecialisation, division of labour and exchangeCosts of productionEconomies and diseconomies of scaleAverage revenue, total revenue and profitMarket structures (AS)The objectives of firms (AS)Competitive marketsMonopoly and monopoly power (AS)The competitive market processThe meaning of market failurePrivate goods, public goods and quasi-public goodsPositive and negative externalitiesMerit and demerit goodsMarket imperfectionsAn inequitable distribution of income and wealthGovernment intervention in marketsGovernment failureQuantitative skills
Paper EC02
The objectives of government economic policyMacroeconomic indicatorsThe circular flow of incomeAggregate demand and aggregate supply analysisDeterminants of aggregate demandAggregate demand and economic activityDeterminants of short-run aggregate supplyDeterminants of long-run aggregate supplyEconomic growth and the economic cycleEmployment and unemploymentInflation and deflationThe balance of payments on current accountConflicts between macroeconomic objectivesMonetary policyFiscal policySupply-side policiesQuantitative skills
Paper EC03
The individual as a rational decision makerBehavioural influences on decision makingThe objectives of firmsThe growth of firmsDiminishing returns and returns to scaleShort-run cost curvesLong-run cost curvesMarginal, average and total revenue curvesProfitTechnological changeMarket structuresPerfect competitionMonopolistic competitionOligopolyMonopoly and monopoly powerPrice discriminationContestable marketsThe dynamics of competitionStatic and dynamic efficiencyConsumer and producer surplusCompetition policyPublic ownership, privatisation, regulationDemand for labour and marginal productivityThe supply of labour to different labour marketsWages in perfectly competitive labour marketsWages in imperfectly competitive labour marketsDiscrimination in the labour marketMinimum wage lawsThe distribution of income and wealthPolicies to reduce poverty and inequalityEconomic methodologyPrice, income and cross elasticities of demandPrice elasticity of supplyThe interrelationship between marketsHow markets and prices allocate resourcesGovernment intervention in marketsQuantitative skills
Paper EC04
GlobalisationTradeThe balance of paymentsExchange ratesFinancial marketsMeasuring growth, development and living standardsFactors that affect economic developmentPolicies to promote developmentPrice, income and cross elasticities of demandThe determination of market pricesGovernment intervention in marketsThe objectives of government economic policyMacroeconomic indicatorsAggregate demand and aggregate supply analysisDeterminants of aggregate demandAggregate demand and economic activityDeterminants of long-run aggregate supplyEconomic growth and the economic cycleEmployment and unemploymentInflation and deflationConflicts between macroeconomic objectivesMonetary policyFiscal policySupply-side policiesQuantitative skills
Practise by topic — một chủ đề mở miễn phí