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This section includes recent A-Level Economics past papers from OCR. You can download each of the OCR A-Level Economics past papers and marking schemes by clicking the links below.

OCR A-Level Economics June 2022 Past Papers (H060, H460)

A-Level H460/01: Microeconomics Download Past Paper     -    Download Mark Scheme

A-Level H460/02: Macroeconomics Download Past Paper     -    Download Mark Scheme

A-Level H460/03: Themes in Economics Download Past Paper     -    Download Mark Scheme

OCR A-Level Economics November 2021 Past Papers (H060, H460)

OCR A-Level Economics November 2020 Past Papers (H060, H460)

A-Level H460/01: Microeconomics Download Past Paper     -    Download Mark Scheme

A-Level H460/02: Macroeconomics Download Past Paper     -    Download Mark Scheme

A-Level H460/03: Themes in Economics Download Past Paper     -    Download Mark Scheme  

AS Level H060/01: Microeconomics Download Past Paper     -    Download Mark Scheme

AS Level H0600/02: Macroeconomics Download Past Paper     -    Download Mark Scheme

OCR A-Level Economics June 2019 Past Papers (H060, H460)

A-Level H460/01: Microeconomics Download Past Paper    -   Download Mark Scheme

A-Level H460/02: Macroeconomics Download Past Paper    -   Download Mark Scheme

A-Level H460/03: Themes in Economics Download Past Paper    -   Download Mark Scheme  

AS Level H060/01: Microeconomics Download Past Paper    -   Download Mark Scheme

AS Level H0600/02: Macroeconomics Download Past Paper    -   Download Mark Scheme

OCR A-Level Economics June 2018 Past Papers (H060, H460)

OCR A-Level Economics Past Papers (H060, H460)

OCR A-Level Economics June 2017

A-Level H460/01: Microeconomics -  Download Past Paper  -  Download Mark Scheme

A-Level H460/02: Macroeconomics -  Download Past Paper  -  Download Mark Scheme

OCR A-Level Economics June 2016

AS H060/01: Themes in Microeconomics -  Download Past Paper  -  Download Mark Scheme

AS H060/02: Themes in Macroeconomics -  Download Past Paper  -  Download Mark Scheme

OCR A-Level Economics Past Papers (H061, H461)

Unit F581: Markets in Action -  Download Past Paper  -  Download Mark Scheme

Unit F582: The National & International Economy -  Download Past Paper  -  Download Mark Scheme

Unit F583: Economics of Work & Leisure -  Download Past Paper  -  Download Mark Scheme

Unit F584: Transport Economics -  Download Past Paper  -  Download Mark Scheme

Unit F585: The Global Economy - Download Stimulus Material   -  Download Past Paper  -  Download Mark Scheme

OCR A-Level Economics June 2015

OCR A-Level Economics June 2014 

For more A-Level Economics past papers from other exam boards  click here .

ocr a level economics essay questions

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OCR A-Level Economics Past Papers

Get access to a comprehensive collection of OCR A-Level Economics past papers, practice tests, and revision materials on our page. Our resources are designed to help you prepare for your exams effectively and improve your exam-taking skills. With our practice tests, you can assess your understanding of the subject matter and identify areas where you need to improve. Start practicing today and ace your A-Level Economics exams with confidence!

OCR A-Level Economics June 2022 Past Papers (H060, H460)

  • 2022 | A-Level H460/01: Microeconomics Question Paper Mark Scheme
  • 2022 | A-Level H460/02: Macroeconomics Question Paper Mark Scheme
  • 2022 | A-Level H460/03: Themes in Economics Question Paper Mark Scheme

OCR A-Level Economics November 2021 Past Papers (H060, H460)

  • 2021 | A-Level H460/01: Microeconomics Question Paper Mark Scheme
  • 2021 | A-Level H460/02: Macroeconomics Question Paper Mark Scheme
  • 2021 | A-Level H460/03: Themes in Economics Question Paper Mark Scheme

ocr a level economics essay questions

OCR A-Level Economics November 2020 Past Papers (H060, H460)

  • 2020 | A-Level H460/01: Microeconomics Question Paper Mark Scheme
  • 2020 | A-Level H460/02: Macroeconomics Question Paper Mark Scheme
  • 2020 | A-Level H460/03: Themes in Economics Question Paper Mark Scheme
  • 2020 | AS Level H060/01: Microeconomics Question Paper Mark Scheme
  • 2020 | AS Level H0600/02: Macroeconomics Question Paper Mark Scheme

OCR A-Level Economics June 2019 Past Papers (H060, H460)

  • 2019 | A-Level H460/01: Microeconomics Question Paper Mark Scheme
  • 2019 | A-Level H460/02: Macroeconomics Question Paper Mark Scheme
  • 2019 | A-Level H460/03: Themes in Economics Question Paper Mark Scheme
  • 2019 | AS Level H060/01: Microeconomics Question Paper Mark Scheme
  • 2019 | AS Level H0600/02: Macroeconomics Question Paper Mark Scheme

OCR A-Level Economics June 2018 Past Papers (H060, H460)

  • 2018 | A-Level H460/01: Microeconomics Question Paper Mark Scheme
  • 2018 | A-Level H460/02: Macroeconomics Question Paper Mark Scheme
  • 2018 | A-Level H460/03: Themes in Economics Question Paper Mark Scheme
  • 2018 | AS Level H060/01: Microeconomics Question Paper Mark Scheme
  • 2018 | AS Level H0600/02: Macroeconomics Question Paper Mark Scheme

OCR A-Level Economics June 2017 Past Papers (H060, H460)

  • 2017 | A-Level H460/01: Microeconomics Question Paper Mark Scheme
  • 2017 | A-Level H460/02: Macroeconomics Question Paper Mark Scheme

OCR A-Level Economics June 2016 Past Papers (H060, H460)

  • 2016 | AS H060/01: Themes in Microeconomics Question Paper Mark Scheme
  • 2016 | AS H060/02: Themes in Macroeconomics Question Paper Mark Scheme

OCR A-Level Economics June 2016 Past Papers (H061, H461)

  • 2016 | Unit F581: Markets in Action Question Paper Mark Scheme
  • 2016 | Unit F582: The National & International Economy Question Paper Mark Scheme
  • 2016 | Unit F583: Economics of Work & Leisure Question Paper Mark Scheme
  • 2016 | Unit F584: Transport Economics Question Paper Mark Scheme
  • 2016 | Unit F585: The Global Economy Question Paper Mark Scheme

OCR A-Level Economics June 2015 Past Papers (H061, H461)

  • 2015 | Unit F581: Markets in Action Question Paper Mark Scheme
  • 2015 | Unit F582: The National & International Economy Question Paper Mark Scheme
  • 2015 | Unit F583: Economics of Work & Leisure Question Paper Mark Scheme
  • 2015 | Unit F584: Transport Economics Question Paper Mark Scheme
  • 2015 | Unit F585: The Global Economy Question Paper Mark Scheme

OCR A-Level Economics June 2014 Past Papers (H061, H461)

  • 2014 | Unit F581: Markets in Action Question Paper Mark Scheme
  • 2014 | Unit F582: The National & International Economy Question Paper Mark Scheme
  • 2014 | Unit F583: Economics of Work & Leisure Question Paper Mark Scheme
  • 2014 | Unit F584: Transport Economics Question Paper Mark Scheme
  • 2014 | Unit F585: The Global Economy Question Paper Mark Scheme

FREE A Level Economics Study Buddy

  • Revision tips for all topics
  • Covers EVERY exam board specification

1-to-1 lessons tailored to OCR A-Level Economics Past Papers

→ what is ocr a-level economics.

OCR A-Level Economics is a qualification offered by the Oxford, Cambridge, and RSA Examinations (OCR) board. It covers topics related to micro and macroeconomics, including markets, competition, fiscal and monetary policy, international trade, and more.

→ What are OCR A-Level Economics past papers?

OCR A-Level Economics past papers are previous years' exam papers that were used for the A-Level Economics exams. These past papers can be used as practice material for students who are preparing for their exams or as a way to assess their understanding of the subject matter.

→ Why should I use OCR A-Level Economics past papers to prepare for my exams?

Using OCR A-Level Economics past papers to prepare for exams can help you understand the structure and format of the exam, the type of questions that are asked, and the level of difficulty of the exam. It can also help you identify your strengths and weaknesses in the subject and give you a chance to practice your exam-taking skills.

→ Where can I find OCR A-Level Economics past papers?

OCR A-Level Economics past papers can be found on the OCR website or on other educational websites that specialize in past papers and revision materials. You can also find them in libraries or by asking your teacher or tutor.

→ How do I use OCR A-Level Economics past papers effectively?

To use OCR A-Level Economics past papers effectively, start by familiarizing yourself with the exam structure and format. Then, take a practice test using a past paper and time yourself as if you were taking the actual exam. After completing the practice test, review your answers and identify areas where you need to improve. You can also seek feedback from your teacher or tutor to help you improve.

→ Are there any tips for using OCR A-Level Economics past papers effectively?

Yes, some tips for using OCR A-Level Economics past papers effectively include setting a realistic study schedule, practicing past papers regularly, and focusing on areas where you need to improve. It is also important to take breaks, stay organized, and seek help if you need it. Finally, try to stay positive and motivated throughout your exam preparation process.

ocr a level economics essay questions

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A-Level OCR Economics: Unit 1

Download A-Level OCR Economics: Unit 1 Past Papers & Mark Schemes

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Our refreshed Economics A Level qualification gives a strong grounding in both micro- and macroeconomics, and applies both to the modern world, making it topical and engaging. It helps students develop the skills, knowledge and understanding that will enable them to think and reason as economists.

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Specification code: H060 Qualification number: 601/4801/9 This qualification is available in English only

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Revision Essay: Exchange Rate Depreciation and Macroeconomic Objectives

Last updated 22 Jan 2019

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Here is a sample answer to this question: " Evaluate the possible impact of a depreciation of the sterling exchange rate against leading currencies on key macroeconomic objectives."

A depreciation of sterling would occur inside a free-floating currency system and has happened on several occasions in the past most notably in June 2016 when the pound’s external value fell in the immediate aftermath of the Brexit referendum result. The sterling effective exchange rate depreciated 20% between November 2015 and October 2016, including a record 6.5% fall between June and July 2016 following the EU referendum vote. The effective exchange rate is an index weighted by the percentage of trade that the UK does with individual countries and trading blocs.

The impact of a depreciation on macro objectives depends on the scale, duration and timing of a currency fall and also the strength of the transmission mechanism from currency movement to other indicators. This essay will look at three objectives namely, sustained GDP growth , low stable price inflation and an improvement in the trade balance in goods and services.

ocr a level economics essay questions

In theory a fall in the currency is a monetary stimulus to an economy open to international trade and investment. A weaker pound increases the sterling price of imported products and this increase in relative prices ought to improve the price and cost competitiveness of domestic suppliers in the UK. It also allows UK exporters to lower their prices (expressed in a foreign currency) and hopefully achieve an expansion of overseas sales. The combined effect of this is to stimulate aggregate demand (where AD = C+I+G+X-M) and provide a short-term fillip to economic activity. In the summer of 2016, the fall in sterling helped the UK to avoid the full-blown recession that some analysts had predicted. Growth slowed but remained positive and the weaker pound injected extra demand in industries such as tourism and transport. Manufacturing was assisted with a more competitive exchange rate although this sector accounts for only ten percent of total UK GDP.

If exports rise following a depreciation, this can be shown by an outward shift of aggregate demand (as shown in my analysis diagram) leading to an expansion of short-run aggregate supply. A weaker currency can act as a useful shock absorber when a country experiences unexpected turbulence.

ocr a level economics essay questions

In evaluation, we can question whether a sterling depreciation actually helps economic growth in the medium term. There is no guarantee for example that exporting businesses will take advantage of additional competitiveness, cut the price of their exports and increase output, investment and employment. There is some evidence that UK firms have instead opted to raise the sterling price of exports and therefore enjoy a higher profit margin on each unit sold. Imports are also made more expensive and this can harm the profitability and expansion plans of businesses who rely heavily on raw materials, components and capital technology sourced from outside of the UK.

A second theoretical effect of a currency depreciation is on the rate of consumer price inflation. A weaker currency increases the prices of imported products and can feed through directly to higher prices in the shops for many items. This cost-push inflation can be shown by an inward shift of short-run aggregate supply and it has the effect of dampening the impact of a falling pound on growth. In the UK, the 20 percent depreciation in 2015-16 was undoubtedly a factor behind CPI inflation rising well above target. CPI inflation in the UK rose from 0.4% in June 2016 to 2.6% in June 2017 and 3.0% in October 2017 and this was a factor explaining falling real wages for millions of people in work.

ocr a level economics essay questions

However, the exchange rate is not the only external factor influencing inflationary pressures in the UK. For example in 2015 and 2016, inflation was also rising in the economies of some of the UK’s major trading partners and there was also the effect of strong global commodity prices to consider. The extent to which a currency depreciation does lead to higher inflation depends on the import dependency for a country - in the case of the UK, around one third of national output each year comes from imports of finished and semi-finished products, energy supplies and raw materials. So the flow-through from a fall in the pound can happen quickly.

My third point concerns the extent to which a sterling depreciation leads to an improvement in the net trade balance for goods and services. Again in theory, we might predict that a 20% fall in the £ against the Euro and the US dollar ($) would increase demand for UK exports and squeeze demand for imports, thereby improving the trade balance. Such a move might be welcome for the UK given the structural trade deficit we run overall and the large trade imbalance with the Euro Zone in particular.

However, theory and reality rarely coincide! Analysis of the J curve concept (shown in my diagram below) suggests that it can take time for demand and output to adapt. Instead the immediate effect of a currency depreciation is usually to increase the price of imports which - if demand is price inelastic - will lead to a worsening of the trade deficit. The trade balance will improve over time providing that the Marshall-Lerner condition is satisfied. This states that net trade will improve if PED for exports + PED for imports >1 . A worry is that, in the medium term, a sterling depreciation increases the prices that UK firms have to pay for imported capital technologies which in turn might limit the scope for increasing productive capacity and raising labour productivity.

ocr a level economics essay questions

Overall, a depreciation of sterling is likely to provide a short-term stimulus to some parts of the economy (especially those engaged with international trade) but risks causing a fall in real living standards for households who will also see a cut in the purchasing power of their tourist dollar or euro when overseas. A weaker currency rarely helps to improve the non-price competitiveness of a country.

ocr a level economics essay questions

  • Currency market
  • Foreign exchange
  • Exchange Rate
  • Real exchange rate
  • Foreign exchange market

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Monopoly Notes & Questions (A-Level, IB)

Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory

Monopoly Definitions: – A Monopoly (Pure Monopoly) is defined as having only one seller in the market. – A legal monopoly is defined as a firm controlling more than 25% of market share under UK competition regulation.

Monopoly Examples & Explanation: Since there is no competition in the market, monopolies have full control on how much they charge consumers for their goods (i.e. are price setters/makers). To maintain this, monopoly markets have high barriers to entry meaning it is difficult for new firms to enter into the market. Monopolies tend to restrict output and raise market prices to maximise profit , and as a result create a welfare loss to society through market failure and inefficiency . An example will be Transport for London (TFL) which provides the London Underground railway service. They control the price for tickets and there are no close substitutes for how it is designed to make you sweat . New companies cannot enter the market and provide railway transportation due to the initial cost of building a railroad.

Monopoly Economics Notes with Diagrams

It can be argued that the Apple app store is a monopoly . In this case, iphone app makers are consumers of Apple, as they pay Apple a part of their revenues to use the Apple app store. However, there is no alternative way for them to reach iphone users. It is also very difficult to create a store for apps due to patents and number of users meaning there is high barriers to entry. Amazon is an interesting example as it can be regarded as a monopoly in e-commerce , but have not maximised profits in its early years. The size of Amazon allows it to take advantage of economies of scale, meaning lower production costs so they can charge consumers less. However, will they have enough incentive to do so in the future?

Monopoly Video Explanation – EconPlusDal

The left video explains the monopoly market structure, the right evaluates the advantages and disadvantages of the monopoly market structure.

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Price Controls Notes (A-Level, IB Economics)

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ocr a level economics essay questions

AQA AS Economics Past Papers

Download AQA AS Economics past papers for Paper 1 (Microeconomics) and Paper 2 (Macroeconomics) from 2017 to 2019 below. AQA A2 Economics […]

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ocr a level economics essay questions

Financial Markets Notes (A-Level, IB)

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  2. OCR A-Level Economics Past Papers

    This section includes recent A-Level Economics past papers from OCR. You can download each of the OCR A-Level Economics past papers and marking schemes by clicking the links below. OCR A-Level Economics June 2022 Past Papers (H060, H460) A-Level H460/01: Microeconomics Download Past Paper - Download Mark Scheme A-Level H460/02: Macroeconomics

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  4. PDF H460/02 Macroeconomics Sample Question Paper

    Write your answer to each question in the space provided. Additional paper may be used if required but you must clearly show your candidate number, centre number and question number(s). Do . not . write in the bar codes. INFORMATION The total mark for this paper is 80. The marks for each question are shown in brackets [ ].

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  6. OCR A-Level Economics Past Papers

    With our practice tests, you can assess your understanding of the subject matter and identify areas where you need to improve. Start practicing today and ace your A-Level Economics exams with confidence! OCR A-Level Economics June 2022 Past Papers (H060, H460) 2022 | A-Level H460/01: Microeconomics Question Paper Mark Scheme

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  8. 2018 Practice Essays for A Level Economics

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    Download A2 OCR Economics past papers for Paper 1 (Microeconomics), Paper 2 (Macroeconomics) and Paper 3 (Themes in Economics) for 2017 and 2018 below, including the sample assessment materials for your exam practice. OCR AS Economics past papers is available for students studying Economics in the first year of their sixth form.

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    Our assessment > Our advisors are here to help Contact the team > OCR AS and A Level Economics (from 2015) qualification information including specification, exam materials, teaching resources, learning resources

  19. OCR A level Economics Notes

    20 Pages • Complete Study Notes • Year Uploaded: 2022. Includes essay plan for OCR A level Economics. A 20+ page revision guide created for my AS Level Economics students covering all of the topics in this unit and linked to the specification. Includes diagrams and evaluative comments in a simple and easy to understand format.

  20. Oligopoly Notes & Questions (A-Level, IB)

    An Oligopoly is a market structure where only a few sellers dominate the market. Because there are only a few firms (players) in an Oligopoly, they tend to be highly interdependent of one another - meaning they will take in account each others' actions when trying to compete in the market. Another characteristic is these markets also ...

  21. Revision Essay: Exchange Rate Depreciation and Macroeconomic ...

    Here is a sample answer to this question: "Evaluate the possible impact of a depreciation of the sterling exchange rate against leading currencies on key macroeconomic objectives."A depreciation of sterling would occur inside a free-floating currency system and has happened on several occasions in the past most notably in June 2016 when the pound's external value fell in the immediate ...

  22. Monopoly Notes & Questions (A-Level, IB)

    Monopoly Notes & Questions (A-Level, IB) - A Monopoly (Pure Monopoly) is defined as having only one seller in the market. - A legal monopoly is defined as a firm controlling more than 25% of market share under UK competition regulation. Since there is no competition in the market, monopolies have full control on how much they charge ...

  23. A Level Economics Past Papers & Questions by Topic

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