Economics J205,01 June 2019, OCR GCSE Past Papers with Mark Schemes

This economics exam paper assesses foundational knowledge of economic concepts and market dynamics. Section A includes multiple-choice questions on topics such as factors of production, demand and supply, price elasticity, and market structures. Section B involves case-study analysis, focusing on real-world business scenarios like changes in consumer demand, the impact of interest rates, and productivity on business performance. Extended response tasks evaluate the significance of financial sectors, competition, and wage dynamics in labor markets. Total marks: 80, balancing theoretical understanding and practical application.