Economics

I. Program Plan (2008-2011)

Aims:

The aims of the Form 4 to Form 7 Economics course are:

  1. develop in students curiosity and interest in economic problems and issues facing individuals, societies, countries and the world as a whole;
  2. provide pupils of varying aptitudes with the basic economic knowledge and skills necessary to understand better the world they live, reason about economic issues and participate more fully as responsible citizens in the decision-making processes of a modern society ;
  3. enable students to understand the basic economic problem of the allocation of scarce resources to alternative uses, the more important economic forces and institutions with which they will come into contact as producers and consumers, as well as the interdependence of economic activities;
  4. develop in pupils the ability to communicate through the effective use of economic terminology, data, concepts and principles; and
  5. enable students to understand controversies over economic issues, respect private property rights and exercise responsible citizenship.

Objectives:

  1. Develop students’ study skills and nurture self-learning habits
  2. Stretch the able and support the lag-behind students

II. 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.

III. Teachers Responsible

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

IV. Students’ Works and Activities

Take part in competitions held  by outside organizations, e.g. case study on consumer behaviour and investment competitions.