ECONOMICS-H060 · Cambridge OCR AS Level
ECONOMICS-H060/21
Macroeconomics
Economics - H060 · 2023 · Variant 1
Relative difficulty
Analysis source: OCR
Analysis aligned to the official syllabus and assessment design.
3.2 / 5
120
180 min
Market Failure and Resource Allocation Mechanisms
Cohort performance
Session statistics from official examination reports
Total marks
120
Duration
180 min
Session difficulty
3.2 / 5
Key examiner messages
Top priorities from the principal examiner before you revise
The 2023 OCR AS Level Economics series (H060/01 and H060/02) represents a fair, mid-level challenge.
It features accessible multiple-choice sections alongside demanding context-driven evaluations.
While Paper 1 focuses on market structures, failures, and elasticities, Paper 2 delves deep into macroeconomic indicators, government spending, and aggregate demand.
The analytical jump from basic recall to evaluation is significant, particularly in the 10-mark and 20-mark questions.
Question difficulty map
How candidates performed on each question in this series
No data available in official reports
Assessment objectives
Skill and AO weighting from official examiner commentary
Skill weighting
Shows the skill mix this paper tested most heavily.
Quantitative & Diagrammatic Skills
Weight: 7100%Theoretical Knowledge
Weight: 686%Logical
Weight: 457%Analysis
Weight: 343%Critical Evaluation
Weight: 229%
Method marks watchlist
Where working, steps, or method marks were commonly lost
No data available in official reports
Recurring mistakes across years
Themes examiners flag in multiple recent sessions for this subject
No data available in official reports
Question choice intelligence
Mean scores and popularity for optional questions (HKDSE electives)
No data available in official reports
Level exemplars
What candidate scripts at each grade level looked like
No data available in official reports
Grade & admission context
How marks relate to grade thresholds and entry standards
Report type
Examiner report — national grade boundaries and question-level commentary
Deep insights
What top candidates did
Techniques and approaches examiners rewarded in this series
No data available in official reports
Command word playbook
How to match each command word to the expected response style
Give reasons and link mechanism to outcome; each point needs a because/so chain.
Weigh arguments for and against with evidence; end with a supported judgement.
Match the expected response style for “State” questions.
Show formula, substitution, and unit; method marks need visible working.
Time traps
Sections where candidates spent disproportionate time relative to marks
Min per mark: 1.8
Min per mark: 1.8
Min per mark: 1.5
Min per mark: 1
Syllabus traceability
Topics linked to questions and mark weighting in this session
Market failure and externalities
22 marks this session
The allocation of resources
22 marks this session
Monetary policy
21 marks this session
The interaction of aggregate demand and supply
20 marks this session
MCQ trap analytics
Commonly chosen wrong options from examiner commentary
No data available in official reports
Topic heatmap across years
Mark concentration by topic and exam year for this subject
Mark intensity
The allocation of resources
Government intervention
Market failure and externalities
Monetary policy
The interaction of aggregate demand and supply
Economic growth
Elasticity
The interaction of markets
Paper comparison
Marks and duration breakdown across papers in this session
H060/01 Microeconomics: H060/02 Macroeconomics:
Marks you can still earn
Where valid approaches outside the mark scheme may still gain credit
No data available in official reports
Practise what examiners flagged
Target weak topics from this report inside the Revui app
Market failure and externalities
22 marks this session
Practise in RevuiThe allocation of resources
22 marks this session
Practise in RevuiMonetary policy
21 marks this session
Practise in RevuiThe interaction of aggregate demand and supply
20 marks this session
Practise in RevuiSelf-diagnostic checklist
Key actions before you sit this paper — copy and tick off as you revise
- 1Message
The 2023 OCR AS Level Economics series (H060/01 and H060/02) represents a fair, mid-level challenge.
- 2Message
It features accessible multiple-choice sections alongside demanding context-driven evaluations.
- 3Message
While Paper 1 focuses on market structures, failures, and elasticities, Paper 2 delves deep into macroeconomic indicators, government spending, and aggregate demand.
- 4Message
The analytical jump from basic recall to evaluation is significant, particularly in the 10-mark and 20-mark questions.
Teacher briefing pack
One-page session summary for tutors and classroom review
2023 2023
Economics - H060
The 2023 OCR AS Level Economics series (H060/01 and H060/02) represents a fair, mid-level challenge. It features accessible multiple-choice sections alongside demanding context-driven evaluations. While Paper 1 focuses on market structures, failures, and elasticities, Paper 2 del
The 2023 OCR AS Level Economics series (H060/01 and H060/02) represents a fair, mid-level challenge.
It features accessible multiple-choice sections alongside demanding context-driven evaluations.
While Paper 1 focuses on market structures, failures, and elasticities, Paper 2 delves deep into macroeconomic indicators, government spending, and aggregate demand.
- Total marks
- 120
- Duration
- 180 min
- Session difficulty
- 3.2 / 5
Session analysis
The 2023 OCR AS Level Economics series (H060/01 and H060/02) represents a fair, mid-level challenge. It features accessible multiple-choice sections alongside demanding context-driven evaluations. While Paper 1 focuses on market structures, failures, and elasticities, Paper 2 delves deep into macroeconomic indicators, government spending, and aggregate demand. The analytical jump from basic recall to evaluation is significant, particularly in the 10-mark and 20-mark questions.
Updated Jun 14, 2026
Paper breakdown
H060/01 Microeconomics: H060/02 Macroeconomics:
Top chapters
Exam structure insights
Marks by chapter
See where the marks were concentrated so revision time goes to the highest-value topics.
Mark accessibility
Estimate which marks were basic, mid-level, or high-difficulty.
71% within easy or medium reach
Command word frequency
Spot common command words so answers match the expected response style.
Question type mix
Compare the mark share of each paper section and question type.
Extended Essay
40·2·33%
Multiple Choice
30·30·25%
Medium Essay
28·2·23%
Short Answer
22·10·18%
Study ROI
Bigger bubbles recur more often; higher bubbles carry more marks, helping you rank revision priorities.
Difficulty trend
Compare difficulty across recent years.
Time vs marks
Compare marks with suggested time allocation to plan exam pacing.
P1 Section A (Multi
0.67 m/minP1 Section C (Exten
0.57 m/minP2 Section A (Multi
1.00 m/minP2 Section C (Exten
0.57 m/minTotal marks
65
Total time
100 min
Avg pace
0.65
Cumulative marks ladder
The line is your running mark total question by question; dashed lines are the estimated grade cut-offs. See which question the line crosses your target grade at, so you know how far you must answer cleanly and which questions decide a band.
Next-year prediction
Topics worth watching next year, with the reason shown directly below each bar.
The financial sector and regulation
85%85%
Exchange rates and Balance of Payments conflicts
80%80%
Supply side policy failures
75%75%
Difficulty Verdict
The 2023 OCR AS Level Economics series (H060/01 and H060/02) represents a fair, mid-level challenge. It features accessible multiple-choice sections alongside demanding context-driven evaluations. While Paper 1 focuses on market structures, failures, and elasticities, Paper 2 delves deep into macroeconomic indicators, government spending, and aggregate demand. The analytical jump from basic recall to evaluation is significant, particularly in the 10-mark and 20-mark questions.
Examiner notes & key calculations
- The Debt-Deficit Delusion: Many candidates struggled to explain why a falling budget deficit does not mean national debt is falling. This fundamental macroeconomic error cost easy marks on the Paper 2 case study.
- Weak Yeast Application: In the micro case study, students often failed to link the massive surge in yeast sales directly to an increase in producer surplus, writing generic descriptions instead of contextualizing.
- Incomplete Market Failure Diagrams: For palm oil taxation, many drew MSC and MSB curves but failed to clearly highlight the deadweight loss area or label the socially optimal equilibrium.
Exam tips
Paper format
- Duration
- 1h 30min
- Total marks
- 60
- Weighting
- 50%
- Question types
- Multiple Choice, Short Answer Data Response, Medium Explainer Response, Level of Response Essay
Analysis is paraphrased for study purposes. Always verify against the official examiner report and mark scheme.