Course and Learning Overview:
Economics is the study of human behavior and resource allocation, divided into two main areas: microeconomics and macroeconomics.
Microeconomics examines individual behavior, covering concepts, such as "opportunity cost", "economies of scale", "the law of diminishing marginal returns" and "supply and demand". Students will use these concepts to explain individual actions and learn to analyze the impact of policies and events through the lenses of "efficiency" and "equity".
Macroeconomics explores the effects of various policies on economic variables, like "Gross Domestic Product (GDP)", "unemployment rate", "inflation rate" and "fiscal balance". Additionally, students will study the reasons behind international trade and the impact of trade barriers on a country.
There are two elective topics in the senior secondary Economics curriculum, including:
a. Monopoly pricing, anti-competitive behavior, and competition policy
b. Extension of trade theory, economic growth and development
Language of instruction
Chinese
Course Content and Progression (Secondary 4 to Secondary 6)
Learning Objectives and Skills Developed:
(a) Enable students to think rationally and analyze systematically;
(b) Enhance students' ability to analyze and utilize data;
(c) Ensure students correctly understand and apply economic concepts and theories;
(d) Cultivate students' habit of staying informed about current affairs and economic news;
(e) Improve students' understanding of business operations;
(f) Equip students to evaluate government policy performance;
(g) Foster students' entrepreneurial spirit to adapt to economic changes;
(h) Increase students' interest in learning economics.
Teaching and Assessment Methods
- Teaching Methods:
Lectures, group discussions, thematic research, company visits, local/overseas field trips.
- Assessment Methods:
Secondary 3 Citizenship, Economics and Society: Examination
Secondary 4 to Secondary 6: Homework and tests in public exam format, thematic research reports, notes.