Oxford Cambridge and RSA
wThursday 5 June 2025 – Morning
Ytygd fdfhdgfhf fdf898eiweb fd0dha s fbgnjggfczd
feeA Level Economics dsjvhc7tge scvk
rtrH460/03 Themes in economics A-Level OCR 2025
rggTime allowed: 2 hours Economics Paper 3
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.
1
Turn over
, 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 [1]
© OCR 2025
, 3
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]
© OCR 2025 Turn over
wThursday 5 June 2025 – Morning
Ytygd fdfhdgfhf fdf898eiweb fd0dha s fbgnjggfczd
feeA Level Economics dsjvhc7tge scvk
rtrH460/03 Themes in economics A-Level OCR 2025
rggTime allowed: 2 hours Economics Paper 3
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.
1
Turn over
, 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 [1]
© OCR 2025
, 3
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]
© OCR 2025 Turn over
