Economics • Exam technique

AS Essay Writer

AS Essay Writer — Explanation

Practice for the essays in Cambridge International AS Economics (9708) Paper 2: you answer one essay in Section B (mainly microeconomics) and one in Section C (mainly macroeconomics), each in two parts.

For each part, decode the question, draw the diagram, build the essay from sentences (some are the mistakes examiners see most), check it against the mark scheme, then read the model essay and the examiners’ advice. You can also write the essay in your own words, paragraph by paragraph, and mark it yourself against the same points and levels: the computer doesn’t mark what you type.

Evaluation isn’t a list of “it depends” statements: compare the strengths and weaknesses of the arguments, say which way each condition pushes the answer (“it depends on X, because…, so…”), and answer the question in its own words (always, best, more effective than…).

Objective: Cambridge International AS & A Level Economics 9708 (2026–2028), Paper 2, Sections B and C: essay structure, the assessment objectives (AO1 knowledge and understanding, AO2 analysis, AO3 evaluation), accurate diagrams (demand and supply, AD/AS), and evaluation leading to a justified conclusion.

Where this fits

  • Cambridge: Cambridge A Level Economics (9708); Cambridge AS Level Economics (9708)

AS Essay Writer — Key Terms

Key concepts in English, with te reo Māori, Chinese (Simplified) and Korean.

EnglishTe reo Māori中文(简体)한국어What it means on this page
Command Wordno attested term——The word in an exam question that tells you what kind of answer is needed, such as define, explain, analyse or discuss; each is marked in its own way.
Assessment Objectivesno attested term——The skills an exam rewards: AO1 knowledge and understanding, AO2 analysis, and AO3 evaluation.
Levels-Based Mark Schemeno attested term——A way of marking a longer answer by matching the whole answer to a level’s description, such as balanced, developed analysis for the top level, rather than counting points.
Maximum Priceno attested term——A legal upper limit on the price of a product, set below the equilibrium price to make it more affordable.
Transfer Paymentno attested term——A payment from the government for which no good or service is given in return, such as a pension or unemployment benefit.
Mark schemeno attested term评分标准채점 기준The official Cambridge document that gives the accepted answers this page’s trace tables are transcribed from.
Opportunity Costno attested term机会成本 (jīhuì chéngběn)기회비용 (gihoe biyong)The value of the next best alternative given up when resources are reallocated from producing one good to producing another — shown as a movement along the curve.
Market Equilibriumno attested term市场均衡 (shìchǎng jūnhéng)시장 균형 (sijang gyunhyeong)Where the quantity demanded equals the quantity supplied, so the price has no reason to change.
Consumer Surplusno attested term消费者剩余 (xiāofèizhě shèngyú)소비자잉여 (sobija ingyeo)The difference between what consumers are willing to pay for a good and what they actually pay.
Producer Surplusno attested term生产者剩余 (shēngchǎnzhě shèngyú)생산자잉여 (saengsanja ingyeo)The difference between the price producers receive for a good and the minimum price they would be willing to accept.
Aggregate Demand (AD)no attested term总需求 (zǒng xūqiú)총수요 (chongsuyo)The total planned spending on a country's goods and services at each price level: AD = C + I + G + (X − M).
Deflationno attested term通货紧缩 (tōnghuò jǐnsuō)디플레이션 (dipeulleisyeon)A fall in the general price level: a negative inflation rate. (Lower inflation, or disinflation, is not deflation: prices are still rising.)
Inflationno attested term通货膨胀 (tōnghuò péngzhàng)인플레이션 (inpeulleisyeon)A sustained rise in the general price level, measured as the percentage change in a price index such as the CPI.
Fiscal Policyno attested term财政政策 (cáizhèng zhèngcè)재정 정책 (jaejeong jeongchaek)The government's use of its spending and taxation to influence aggregate demand and the economy.
Monetary Policyno attested term货币政策 (huòbì zhèngcè)통화 정책 (tonghwa jeongchaek)The central bank's use of interest rates (and the money supply) to influence aggregate demand and inflation. In New Zealand it is set by the Reserve Bank through the Official Cash Rate.
Supply-side Policyno attested term供给侧政策 (gōngjǐcè zhèngcè)공급 측면 정책 (gonggeup cheungmyeon jeongchaek)A government policy that aims to increase the economy's productive capacity, such as spending on education and training, infrastructure or incentives to invest, shifting LRAS to the right.

On the te reo Māori column. Terms marked as gaps have no attested equivalent in the sources checked — Karaitiana Taiuru's Dictionary of Māori Computer and Social Media Terms, Paekupu, the Reserve Bank's te reo financial glossary, NZQA and Te Aka. No coinage is printed as though it were established; where a class needs one, commission it from Te Taura Whiri i te Reo Māori and credit the translator. Te reo Māori is not italicised and takes no plural "s".