OCR A-Level Economics exam papers and weighting (H460)
Guide overview All 12 topics Sample questions Papers and weighting Look inside Questions and answers
What each OCR A-Level Economics paper assesses
OCR A-Level Economics (specification H460) is sat as three equally weighted papers of two hours each. Component 01 is microeconomics, component 02 macroeconomics, and component 03 is fully synoptic, drawing on both. Every student sits all three papers, choosing each extended response in components 01 and 02 from a pair, and the quantitative skills are applied throughout rather than examined on their own.
| Paper | Covers | Length | Marks | Weighting |
|---|---|---|---|---|
|
Component 01 Microeconomics |
The economic problem, the allocation of resources and opportunity cost Markets: demand, supply, elasticity, market failure and government intervention Business objectives, costs and revenue, market structures and the labour market Data response questions, then two extended responses, each chosen from a pair: one pair requires a quantitative answer and the other does not |
2 hours | 80 marks | 33.33% |
|
Component 02 Macroeconomics |
Aggregate demand and aggregate supply, and the circular flow of income The policy objectives of growth, employment, price stability and the balance of payments Fiscal, monetary and supply side policy, the global context and the financial sector The same format as component 01, focused on macroeconomics |
2 hours | 80 marks | 33.33% |
|
Component 03 Themes in economics |
Fully synoptic: draws on both the microeconomic and the macroeconomic content No content is prescribed for this paper beyond components 01 and 02 30 multiple choice questions, then 50 marks of questions applying economics to an unseen theme and reaching a judgement |
2 hours | 80 marks | 33.33% |
Every topic, and where it is examined
| Topic | Component | Examined on | Questions |
|---|---|---|---|
| Introduction to Microeconomics | Component 01: Microeconomics | Component 01, Component 03 | 70 |
| Microeconomics: the Role of Markets | Component 01: Microeconomics | Component 01, Component 03 | 257 |
| Microeconomics: Business Objectives | Component 01: Microeconomics | Component 01, Component 03 | 72 |
| Microeconomics: Market Structures | Component 01: Microeconomics | Component 01, Component 03 | 113 |
| Microeconomics: the Labour Market | Component 01: Microeconomics | Component 01, Component 03 | 75 |
| Macroeconomics: Aggregate Demand and Aggregate Supply | Component 02: Macroeconomics | Component 02, Component 03 | 111 |
| Macroeconomics: Economic Policy Objectives | Component 02: Macroeconomics | Component 02, Component 03 | 202 |
| Macroeconomics: Implementing Policy | Component 02: Macroeconomics | Component 02, Component 03 | 97 |
| Macroeconomics: the Global Context | Component 02: Macroeconomics | Component 02, Component 03 | 102 |
| Macroeconomics: the Financial Sector | Component 02: Macroeconomics | Component 02, Component 03 | 75 |
| Quantitative Skills for Economics | Across all three papers | Component 01, Component 02, Component 03 | 26 |
| Themes in Economics: Synoptic Application | Across all three papers | Component 01, Component 02, Component 03 | 26 |
Assessment details from the Cambridge OCR Level 3 Advanced GCE in Economics, specification H460, version 3.0. OCR specification.
Every paper is covered, because the guide runs the whole specification.Get the guide, £8
OCR A-Level Economics Active Recall Guide
1,226 questions across every paper on the specification.