Economics


Economics is one of the six elective subjects in the Personal, Social and Humanities Education (PSHE) Key Learning. The study of economics helps students to understand the human world through enquiring into how resources are used to serve individuals and society. It also contributes to the development of critical thinking and decision-making skills, which are crucial for students’ all-round development and, in particular, their development as life-long learners and responsible citizens.

Plan

Main concerns for current year
Knowledge:   
1.1   to equip students with the fundamental economic concepts.
1.2   to get students well prepared for the NSS curriculum and HKDSE.

Skills:             
1.3   to foster students’ learning skills in Economics.
1.4   to develop students’ habit and improve their skills of note-taking.

Attitude:           
1.5    to enhance students’ awareness on current affairs.
1.6    to arouse students’ sense of social justice.

Topics to be covered

Secondary 3
Semester 1:

A. Bridging NSS Curriculum
1. Economics as a Branch of Social Science
2. The Source of Economics Problems
3. Opportunity Cost
4. Free Goods VS Economics Goods
5. Three Basic Economic Problems & Solutions
6. Circular Flow of Economic Activities
7. Exchange & Specialization

Semester 2:

B. Hong Kong Economy
1. The development and features of the Hong Kong economy
2. The characteristics and re-structuring of Hong Kong economy
3. Finance of the Hong Kong SAR Government
4. Trade
5. Ownerships of Firms
6. Social Justice and Equity

Senior Form (New Senior Secondary Curriculum):
Compulsory Part
A Basic Economic Concepts
B Firms and Production
C Market and Price
D Competition and Market Structure
E Efficiency, Equity and the Role of Government
F Measurement of Economic Performance
G National Income Determination and Price Level
H Money and Banking
I Macroeconomic Problems and Policies
J International Trade and Finance

Elective Part
1. Monopoly pricing, Anti-competitive Behaviors and Competition Policy; OR
2. Extension of Trade Theory, Economic Growth and Development