Economics

Aims

  1. To develop an interest in exploring human behaviour and social issues through an economic perspective.
  2. To understand the world in which they live through mastery of basic economic knowledge.
  3. To enhance their general intellectual capacity for life-long learning, through developing their capacities in economic analysis, so that they possess the skills necessary for reasoning about issues and making rational choices; and;
  4. To participate as informed and responsible citizens in the decision-making processes of a modern democratic society.

Junior Form Economics

Introduction

Junior Form Economics is one the six strands of the PSHE Key Learning Areas, namely the strand of Resources and Economic Activities. It covers the

  • Use of resources
  • Production and consumption
  • People and work
  • Exchange

Learning targets

Students will:

  1. learn to appreciate that the optimal use of resources is achieved through enterprise and management, and that people’s participation in economic activities and their ever-changing nature give rise to new work opportunities and conditions;
  2. have a solid foundation concerning economics knowledge so that they are better prepared for the senior secondary education curriculum.

School-based curriculum

Form 2

  1. Managing your own finance
  2. Economic performance of Hong Kong
  3. International financial centre

Form 3

  1. Public finance in Hong Kong
  2. World trade
  3. Labour market of Hong Kong
  4. Concept of scarcity & opportunity cost
  5. Introduction to demand and supply

Methods of learning: 

Discussion, presentation and role play

New Senior Secondary

Curriculum:

It consists of a Compulsory Part and an Elective Part. The Compulsory Part covers basic concepts and topics in microeconomics and macroeconomics. The Elective Part, which consists of 10% of curriculum time, comprises two parts from which students choose one. The Elective Part includes elements that call for extended analysis and broader economic knowledge. It provides an opportunity for students to choose an area of study related to their aptitudes and interests.   

Compulsory Part

  • Basic Economic Concepts
  • Firms and Production
  • Market and Price
  • Competition and Market Structure
  • Efficiency, Equity and the Role of Government
  • Measurement of Economic Performance
  • National Income Determination and Price Level
  • Money and Banking
  • Macroeconomic Problems and Policies
  • International Trade and Finance

   Elective Part 1

  • Monopoly Pricing
  • Anti-competitive Behaviours and Competition Policy

   Elective Part 2

  • Extension of Trade Theory
  • Economic Growth and Development

Methods of learning:

Observation, discussion, newspaper reading and real life applications Pre-requisites: Elementary mathematical ability in simple calculation, understanding graphs and curves, logical reasoning and objective thinking.

Teachers Responsible

Mrs. Woo Chan Pui Lin, Ms. Chu Sau Ling

Student Activities

Take part in competitions held  by outside organizations, e.g. Economic Analysis Competition, case study on consumer behaviour and investment competitions. Invite external organization to hold workshops and educational dramas on financial management. Visit Hong Kong Authority and Banks