Curriculum (Outline)

Economics

F. 3

  1. Basic Economic Concepts
    1. Scarcity
    2. Opportunity Cost
    3. Free Goods vs. Economic Goods
  2. Production
    1. Production and Consumption
  3. Types of business ownership
    1. Sole Proprietorship
    2. Partnership
    3. Limited Company
  4. Basic Concepts on Accounting
    1. Accounting Equation
    2. Concepts of Debits and Credits
  5. Principle of Comparative Advantage and Division of Labour
    1. Labour Productivity
    2. Division of Labour: Advantages and Disadvantages
    3. Absolute and Comparative Advantage
    4. Principle of Comparative Advantage

 

F. 4

  1. Basic Economic Concepts
    1. Scarcity
    2. Opportunity Cost
    3. Concept of Interest
    4. Free Goods vs. Economic Goods
    5. Three Basic Economic Problems
  2. Firms and Production
    1. Production
    2. Division of Labour
    3. Factors of Production
    4. Short Run and Long Run Production
    5. Profit Maximization and Output Determination
    6. Integration of Firms
    7. Market Structure
  3. International Trade
    1. Absolute and Comparative Advantage
    2. Principle of Comparative Advantage
    3. Gains from Trade
    4. Trade Barriers
  4. Market and Price
    1. Demand and Supply: Equilibrium
    2. Elasticities of Demand and Supply
    3. Market Intervention

 

F. 5

  1. Basic Economic Concepts
    1. Positive vs. Normative Economics
  2. Firms and Production
    1. Types of Production
    2. Private and Public Goods
  3. Market and Price
    1. Law of Demand (Alchian’s Generalization)
    2. Consumer and Producer Surpluses
    3. Functions of Prices
  4. Competition and Market Structure
    1. Perfect Competition
    2. Monopolistic Competition
    3. Oligopoly
    4. Monopoly
  5. Efficiency, Equity and the Role of Government
    1. Efficiency
    2. Equity
    3. Policy Concerns
  6. Measurement of Economic Performance
    1. Circular Flow of Economic Activities
    2. National Income
    3. GDP and GNP
    4. Uses and Limitation of National Income Accounting
    5. General Price Level
    6. Unemployment and Underemployment Rates
  7. National Income Determination and Price Level
    1. Aggregate demand (AD)
    2. Aggregate supply (AS)
    3. The Determination of Level of Output and Price
  8. Business Cycles
    1. Business Cycles
    2. Inflation and Deflation
    3. Unemployment
    4. Fiscal Policy
  9. International Trade and Finance
    1. Trade Barriers
    2. Present Situation of the Hong Kong Economy
    3. Balance of Payments
    4. Exchange Rates and Linked Exchange Rate System
  1.  Monopoly and Competition Policy (Elective)
    1. Monopoly Pricing
    2. Anti-competitive Behaviours and Competition Policy
  2. International Trade and Economic Growth (Elective)
    1. Extension of Trade Theory
    2. Economic Growth and Development

 

F. 6

  1. Money and Banking
    1. Money
    2. Banks: functions and services
    3. Money supply
    4. Money demand
    5. Determination of interest rate in the money market
    6. Hong Kong as a financial centre
    7. Monetary policy

 

For the complete NSS Economics curriculum, please visit:

Economics Curriculum and Assessment Guide (Secondary 4-6)

-       Curriculum and Assessment Guide (S4-S6)

-       Checklist of updates

-       Supplementary Document

 

 

Top