Oxford Cambridge and RSA
June 2026 – Morning
A Level Economics
H460/03 Themes in economics
Time allowed: 2 hours
You can use:
• a scientific or graphical calculator
Please write clearly in black ink. Do not write in the barcodes.
Centre number Candidate number
First name(s)
Last name
INSTRUCTIONS
• Use black ink. You can use an HB pencil, but only for graphs and diagrams.
• Write your answer to each question in the space provided. If you need extra space use the lined
pages at the end of this booklet. The question numbers must be clearly shown.
• Answer all the questions.
INFORMATION
• The total mark for this paper is 80.
• The marks for each question are shown in brackets [ ].
• Quality of extended response will be assessed in questions marked with an asterisk (*).
• This document has 28 pages.
ADVICE
• Read each question carefully before you start your answer.
OCR A Level Economics Themes in economics (H460/03) Question
Paper And Mark Scheme
, 2
Section A
Write your answer to each question in the box provided.
1 Which point on the diagram represents productive efficiency for the firm?
Costs /
revenu es
MC
AC
AR
O Q1 Q2Q3 Q4 Quantity
MR
A Q1
B Q2
C Q3
D Q4
Your answer [1]
2 In the diagram what represents the opportunity cost of increasing production of wheat from W1 to W2?
Corn
C1
C2
C3
O W1 W2 W3
Wheat
A C1 to C2
B C1 to C3
C C2 to C3
D W2 to W3
,Your answer 3 [1]
Turn over
, 4
3 What is missing from the Harrod-Domar model?
? INVESTMENT
ECONOMIC INCREASE IN
GROWTH CAPITAL STOCK
A Banks
B Exports
C Microfinance
D Saving
Your answer [1]
4 The UK government imposes a tariff on imports of steel from Japan.
In retaliation the Japanese government imposes protectionist policies on UK firms.
What is a likely outcome for the UK economy?
A An increase in exports to Japan
B An increase in imports from Japan
C An increase in the consumer surplus in the steel market
D An increase in unemployment in UK exporting industries
Your answer [1]
June 2026 – Morning
A Level Economics
H460/03 Themes in economics
Time allowed: 2 hours
You can use:
• a scientific or graphical calculator
Please write clearly in black ink. Do not write in the barcodes.
Centre number Candidate number
First name(s)
Last name
INSTRUCTIONS
• Use black ink. You can use an HB pencil, but only for graphs and diagrams.
• Write your answer to each question in the space provided. If you need extra space use the lined
pages at the end of this booklet. The question numbers must be clearly shown.
• Answer all the questions.
INFORMATION
• The total mark for this paper is 80.
• The marks for each question are shown in brackets [ ].
• Quality of extended response will be assessed in questions marked with an asterisk (*).
• This document has 28 pages.
ADVICE
• Read each question carefully before you start your answer.
OCR A Level Economics Themes in economics (H460/03) Question
Paper And Mark Scheme
, 2
Section A
Write your answer to each question in the box provided.
1 Which point on the diagram represents productive efficiency for the firm?
Costs /
revenu es
MC
AC
AR
O Q1 Q2Q3 Q4 Quantity
MR
A Q1
B Q2
C Q3
D Q4
Your answer [1]
2 In the diagram what represents the opportunity cost of increasing production of wheat from W1 to W2?
Corn
C1
C2
C3
O W1 W2 W3
Wheat
A C1 to C2
B C1 to C3
C C2 to C3
D W2 to W3
,Your answer 3 [1]
Turn over
, 4
3 What is missing from the Harrod-Domar model?
? INVESTMENT
ECONOMIC INCREASE IN
GROWTH CAPITAL STOCK
A Banks
B Exports
C Microfinance
D Saving
Your answer [1]
4 The UK government imposes a tariff on imports of steel from Japan.
In retaliation the Japanese government imposes protectionist policies on UK firms.
What is a likely outcome for the UK economy?
A An increase in exports to Japan
B An increase in imports from Japan
C An increase in the consumer surplus in the steel market
D An increase in unemployment in UK exporting industries
Your answer [1]
