Paper 1: Microeconomics · H460/01

OCR A-level Paper 1, June 2022

All 10 written questions from OCR A-level Paper 1 (June 2022), Microeconomics. Case studies: Changing consumer trends in the UK?. Each question shows its marks and topic, and opens the question paper and mark scheme at the right page.

Question paper Mark scheme Examiner report

Section A

Case study

Changing consumer trends in the UK?

In the extracts: Shell, Renewables Terawatt, CarbonBrief Coal, Daily Telegraph, Kwasi Kwarteng, Tesco and BP, Estimates, Changing, Managers, Nuclear

Q1(a)Explain2 marks

Explain what is meant by the term 'subsidy'.

TopicGovernment intervention in markets

Question paper p.4 Mark scheme p.9 Examiner report p.2 Open in the tool

Q1(b)4 marks

"...more taxes may be imposed to change the marginal private cost of using petrol cars, so that the price paid is closer to the marginal social cost inflicted on society." Lines 36–38 Explain, using an appropriate diagram, how this could be achieved.

TopicMarket failure

Question paper p.4 Mark scheme p.9 Examiner report p.2 Open in the tool Draw it: negative externality diagram

Q1(c)2 marks

Refer to lines 40–42. Calculate the percentage change in price required to achieve a 6.5% fall in demand for petrol in the short run.

TopicDemand, supply and elasticity

Question paper p.5 Mark scheme p.9 Examiner report p.2 Open in the tool

Q1(d)(i)2 marks

Using the data in Fig. 2, explain how there are economies of scale in the global production of car batteries.

TopicCosts, revenues and profit

Question paper p.5 Mark scheme p.32 Examiner report p.2 Open in the tool

Q1(d)(ii)Evaluate8 marks

Evaluate, using evidence from the stimulus material, whether it is a disadvantage if the market for car battery production is a natural monopoly.

TopicMarket structures

Question paper p.5 Mark scheme p.32 Examiner report p.2 Open in the tool Practise the natural monopoly diagram

Q1(e)Evaluate12 marks

Evaluate, using evidence from the stimulus material, the factors which may influence the choice of objectives for a firm such as Shell.

TopicThe economic problem and resource allocationInternational trade and exchange rates

Question paper p.7 Mark scheme p.9 Examiner report p.2 Open in the tool

Section B

Q2OptionalEvaluate25 marks

Evaluate, using an appropriate diagram(s), whether such collusion is the most significant disadvantage of an oligopolistic market.

TopicMarket structures

Question paper p.9 Mark scheme p.16 Examiner report p.2 Open in the tool Draw it: kinked demand diagram Or: monopoly diagram

Q3Optional25 marks

Approximately 90% of all teachers work in the state sector. Evaluate, using an appropriate diagram(s), the impact of a bilateral monopoly on equilibrium in the labour market.

TopicMarket structuresThe labour marketDemand, supply and elasticity

Question paper p.9 Mark scheme p.20 Examiner report p.2 Open in the tool

Section C

Q4OptionalEvaluate25 marks

Evaluate whether governments should finance large infrastructure projects such as Crossrail.

TopicMacroeconomic objectives and policy

Question paper p.13 Mark scheme p.24 Examiner report p.2 Open in the tool

Q5OptionalEvaluate25 marks

Evaluate whether it is possible to allocate resources efficiently in a centrally planned economic system.

TopicThe economic problem and resource allocation

Question paper p.13 Mark scheme p.28 Examiner report p.2 Open in the tool

Question text is quoted from the question papers, © OCR (Oxford Cambridge and RSA), for students’ private study. Open the official papers and mark schemes from the links on each question. Examiner insights are written with AI assistance and moderated by Finn.

Section A

Changing consumer trends in the UK?

Section B

Section C

Other years of OCR A-level Paper 1

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