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9708 · Cambridge International AS Level

9708/21

Paper 2

Economics · June 2023 · Variant 1

Relative difficulty

Demanding · 3.5/5

Analysis source: Cambridge Assessment International Education

Analysis aligned to the official syllabus and assessment design.

Relative difficulty

3.5 / 5

Total marks

90

Duration

180 min

Most tested topic

Unemployment

Cohort performance

Session statistics from official examination reports

Total marks

90

Duration

180 min

Session difficulty

3.5 / 5

Key examiner messages

Top priorities from the principal examiner before you revise

1

This analysis covers the May/June 2023 Cambridge International AS Level Economics papers (9708/11 and 9708/21).

2

The papers present a balanced yet challenging mix of microeconomic and macroeconomic principles, placing heightened emphasis on the newly structured assessment objectives—particularly explicit evaluation (AO3) in structured questions and accurate graphical representations of price stability, elasticities, and production limits.

Question difficulty map

How candidates performed on each question in this series

No data available in official reports

Assessment objectives

Skill and AO weighting from official examiner commentary

Knowledge andAO23
AnalysisAO32
Evaluation1

Skill weighting

Shows the skill mix this paper tested most heavily.

Knowledge andAO2Knowledge andAO2AnalysisAO3AnalysisAO3EvaluationEvaluation
SkillWeightShare
  • Knowledge andAO2

    Weight: 3100%
  • AnalysisAO3

    Weight: 267%
  • Evaluation

    Weight: 133%

Method marks watchlist

Where working, steps, or method marks were commonly lost

No data available in official reports

Recurring mistakes across years

Themes examiners flag in multiple recent sessions for this subject

No data available in official reports

Question choice intelligence

Mean scores and popularity for optional questions (HKDSE electives)

No data available in official reports

Level exemplars

What candidate scripts at each grade level looked like

No data available in official reports

Grade & admission context

How marks relate to grade thresholds and entry standards

Report type

Cambridge Principal Examiner Report — component performance and international standards

Level A

Approx. 54% of maximum mark

Level B

Approx. 44% of maximum mark

Level C

Approx. 37% of maximum mark

Level D

Approx. 29% of maximum mark

Level E

Approx. 22% of maximum mark

Deep insights

What top candidates did

Techniques and approaches examiners rewarded in this series

No data available in official reports

Command word playbook

How to match each command word to the expected response style

CalculateFrequency: 1

Show formula, substitution, and unit; method marks need visible working.

ExplainFrequency: 5

Give reasons and link mechanism to outcome; each point needs a because/so chain.

ConsiderFrequency: 4

Match the expected response style for “Consider” questions.

AssessFrequency: 6

Match the expected response style for “Assess” questions.

Time traps

Sections where candidates spent disproportionate time relative to marks

Paper 1 Multiple Ch…40m / 20 marks

Min per mark: 2

Paper 2 Section A (…40m / 20 marks

Min per mark: 2

Paper 2 Section B (…40m / 20 marks

Min per mark: 2

Syllabus traceability

Topics linked to questions and mark weighting in this session

Unemployment (The Macroeconomy (AS Level))

15 marks this session

Supply-side policy (Government macroeconomic intervention (AS Level))

13 marks this session

Classification of goods and services (Basic economic ideas and resource allocation (AS Level))

12 marks this session

MCQ trap analytics

Commonly chosen wrong options from examiner commentary

No data available in official reports

Topic heatmap across years

Mark concentration by topic and exam year for this subject

Mark intensity

LowHigh
Topic
2023
2024
2025
Σ

Production possibility curves

21
21

Fiscal policy

21
21

Unemployment (The Macroeconomy (AS Level))

15
15

Monetary policy

14
14

Fiscal policy (Government macroeconomic intervention (AS Level))

14
14

Government macroeconomic policy objectives (Government macroeconomic intervention (AS Level))

13
13

Supply-side policy (Government macroeconomic intervention (AS Level))

13
13

Resource allocation in different economic systems (Basic economic ideas and resource allocation (AS Level))

12
12

Difficulty trend

How session difficulty has shifted across recent years

202320242025
2023 June 2023 · 3.5/52024 June 2024 · 3.2/52025 June 2025 · 3.4/5

Paper comparison

Marks and duration breakdown across papers in this session

Paper 11 AS Level Multiple Choice:

30 marks60 min

Paper 21 AS Level Data Response and Essays:

60 marks120 min

Marks you can still earn

Where valid approaches outside the mark scheme may still gain credit

No data available in official reports

Practise what examiners flagged

Target weak topics from this report inside the Revui app

Self-diagnostic checklist

Key actions before you sit this paper — copy and tick off as you revise

  • 1Message

    This analysis covers the May/June 2023 Cambridge International AS Level Economics papers (9708/11 and 9708/21).

  • 2Message

    The papers present a balanced yet challenging mix of microeconomic and macroeconomic principles, placing heightened emphasis on the newly structured assessment objectives—particularly explicit evaluation (AO3) in structured questions and accurate graphical representations of price stability, elasticities, and production limits.

Teacher briefing pack

One-page session summary for tutors and classroom review

June 2023 2023

Economics

This analysis covers the May/June 2023 Cambridge International AS Level Economics papers (9708/11 and 9708/21). The papers present a balanced yet challenging mix of microeconomic and macroeconomic principles, placing heightened emphasis on the newly structured assessment objectiv

  • This analysis covers the May/June 2023 Cambridge International AS Level Economics papers (9708/11 and 9708/21).

  • The papers present a balanced yet challenging mix of microeconomic and macroeconomic principles, placing heightened emphasis on the newly structured assessment objectives—particularly explicit evaluation (AO3) in structured questions and accurate graphical representations of price stability, elasticities, and production limits.

Total marks
90
Duration
180 min
Session difficulty
3.5 / 5

Session analysis

This analysis covers the May/June 2023 Cambridge International AS Level Economics papers (9708/11 and 9708/21). The papers present a balanced yet challenging mix of microeconomic and macroeconomic principles, placing heightened emphasis on the newly structured assessment objectives—particularly explicit evaluation (AO3) in structured questions and accurate graphical representations of price stability, elasticities, and production limits.

Updated Jun 12, 2026

Paper breakdown

Paper 11 AS Level Multiple Choice:

30 marks60 min

Paper 21 AS Level Data Response and Essays:

60 marks120 min

Top chapters

Unemployment (The Macroeconomy (AS Level))15 marks
Supply-side policy (Government macroeconomic intervention (AS Level))13 marks
Classification of goods and services (Basic economic ideas and resource allocation (AS Level))12 marks

Exam structure insights

Marks by chapter

See where the marks were concentrated so revision time goes to the highest-value topics.

Unemployment15 marks
Supply-side policy13 marks
Classification of goods and ser12 marks
Production possibility curves9 marks
Price stability9 marks
Government macroeconomic policy6 marks
Exchange rates4 marks
Methods and effects of governme3 marks

Mark accessibility

Estimate which marks were basic, mid-level, or high-difficulty.

78% within easy or medium reach

32
38
20
Easy: 32 marksMedium: 38 marksHard: 20 marks

Command word frequency

Spot common command words so answers match the expected response style.

Calculate1 times
Explain5 times
Consider4 times
Assess6 times

Question type mix

Compare the mark share of each paper section and question type.

90Marks
  • Structured Essay

    40·2·44%

  • Multiple Choice

    30·30·33%

  • Data Response

    20·5·22%

Study ROI

Bigger bubbles recur more often; higher bubbles carry more marks, helping you rank revision priorities.

DifficultyRecurrence %Production possibi…UnemploymentClassification of …Supply-side policy

Time vs marks

Compare marks with suggested time allocation to plan exam pacing.

MarksMinutesMarks / min

Paper 1 Multiple Ch…

0.50 m/min
20
40

Paper 2 Section A (…

0.50 m/min
20
40

Paper 2 Section B (…

0.50 m/min
20
40

Total marks

60

Total time

120 min

Avg pace

0.50

Next-year prediction

Topics worth watching next year, with the reason shown directly below each bar.

Circular Flow of Income (Circular flow of income (AS Level))

85%

85%

Protectionism & Tariffs

80%

80%

Exam tips

Paper format

Duration
2h
Total marks
60

Analysis is paraphrased for study purposes. Always verify against the official examiner report and mark scheme.

9708/21 — Cambridge International AS Level Economics (June 2023) | Revui