St. Francis’ Canossian College
Curriculum Planning for E.P.A. / Economics
Form 6 Economics
Subject Teachers: M iss L.Chan
No of Periods per cycle: 9
Department Head: Miss L. Chan
Subject Objectives
At the end of the course, students should be able to
1. recall the basic terminology of Economics, essential facts relating to Economics and economic institutions;
2. Recognize the merits and limitations of economics theories;
3. understand and interpret economic information in numerical, verbal and diagrammatic forms;
4. apply basic economic concepts and analysis to economic problems and issues.
5. distinguish facts from values and to make reasoned decisions.
6. organize and present economic ideas in an accurate and logical way.
Teaching Resources
Textbooks, worksheets, notes, question banks, fact sheets;
Reference books, past papers;
Newspaper cuttings, magazines, government publications;
Wall charts, posters, transparencies, blackboard;
Audio Tapes, video tapes, CD-ROMs, internet resources.
Assignment: Textbook exercise, past papers, power-point presentation, news analysis, collecting information, and other supplementary exercises.
Evaluation: CAS score (20% of total mark) is derived from
- Classroom performance (5%)
- homework (5%)
- Quiz (5%)
- Group task: Power-point slideshow (5%)
Exam core (60% of total mark)
1
Topic/Objectives
1. The scope of
economic analysis
1.1 Economics as an
empirical science:
postulates and
methodology
No. of
Cycles
Teaching
Resources
Activities
Assignment
Cycles
1-2
1
CD-ROM
Notes
Set: Slide Show to introduce economics as a social science.
Group discussion on formulation of hypothesis
Set: Slide Show on Scarcity, Choice and competition

Based on the pictures shown, students are asked to recognize
that competition is universal and is caused by the scarcity
problem. Students are to suggest ways of resolving it.
1.2 Scarcity and
competition
0.5
CD-ROM
Notes
1.3 Utility, wealth,
income and the
postulate of
maximization
0.5
Blackboard
Notes
Worksheets
Graphical presentation of the concepts
Students do exercises on worksheets given.
HKALSection A:
01-6,13;
02-17,18,24;



03-1,29
Collect evidence on internet for
scarcity of natural resources and give
an oral report.
End of Topic exercises
Past Paper questions
Quiz
 Group task:
Teacher selects a concept on which
students prepare a power-point slide
show to be presented in class.
2
2. The Law of Demand
and the theorem of
exchange
Cycles
3-8

2.1 Inverse relationship
between price and
quantity demanded
1
2.2 The indifference curve
approach
2
2.3 The marginal use
value approach
2.4 Market demand,
equi-marginal
principle, and
exchange
2.5 Price as a criterion of
allocation
2
2
1
CD-ROM
Worksheets
Slide show: a revision of concepts.
Students complete the worksheets given
CD-ROM
provided by ED
Worksheets
Teacher shows the IC curve is derived.
Students draw the curve on worksheets given
Slide Show: Applications of the IC approach


Collect news related to Demand and
supply.
End of Chapter Exercise
Past Paper questions
 End of Chapter Exercise
 Past Paper questions
 Presentation of answers
HKALSection A:
01- 14,16,25,26
02- 5,8,9,23,30;
03- 2,4,5,7,8
News headlines Set: an advertisement showing a pricing static.
/ advertisements Invite students to give more examples of pricing tactics.
Worksheets
Show how consumer surplus is being extracted with
diagrams. Students complete the worksheets. .
 End of Chapter Exercise
 Past Paper questions
HKALSection A:
01-1,2,8,19,20;
02-15;
03-30
A flower
Notes
Worksheets
Set: Show a flower. Ask a student for an exchange of her
watch. Bring out the conditions for exchange to take place
Demonstration: draw diagram to show the gains from
exchange
Ask students to suggest more cases of exchange.
 End of Chapter Exercise
 Past Paper questions
HKALSection A: 02-11; 03-10,19
CD-ROM
Notes
Slide Show: examples of price competition

Collect and analyze information on
price changes of certain goods in HK.
 Group task:
Teacher selects a concept on which
students prepare a power-point slide
show to be presented in class.
3
Topic/Objectives
No. of
Cycles
Teaching
Resources
Activities
Assignment
3. Cost and Supply
Cycles
9-16
3.1 Cost, rents, profits
1
News articles
Notes
Set: Show news articles with words “cost, rent, profits”

Use hypothetical cases to demonstrate the economic meaning 
of cost, rent and windfall profits.
Students evaluate the use of terms on newspapers.
End of Chapter Exercise
Past paper questions
3.2 law of diminishing
marginal productivity
1
Worksheets
Notes
Data response exercises
Show how MP, AP and TP are derived.
Students are invited to describe & explain the shapes of the
curves.


End of Chapter Exercise
Past Paper questions
3.3 Cost curves
2
Worksheets
Notes
Students follow the demonstration and complete the
worksheets.
3.4 Price-takers’ Market
2
News articles
Set: Show 2 cases from newspapers representing 2 different
types of markets. Students are invited to describe the
difference in the behaviour of sellers in these two markets.
Show how Price and output are determined in price-takers’
market.
3.5 Price-Searcher’s
Market
2
News articles
ETV
Set: ETV on the supermarkets.
Explain this is an example of price-searcher.
Show examples of price discrimination.
HKALSection A:
01-5;
02-21;
03-6,12,13
.
 End of Chapter Exercise
HKALSection A:
01-22,23;
02-19;
03-15
 End of Chapter Exercise
 Past Paper questions
HKALSection A:
01-29
 End of Chapter Exercise
HKALSection A:
01-10,24,30; 02-13,14,22;
03-9
 Collect news on price-searchers
 Group task:
Teacher selects a concept on which
students prepare a power-point slide
show to be presented in class.
4
Topic/Objectives
No. of
Cycles
4. Government and
economic
organizations
Cycles
17-19
4.1 Nature of Firm and
Transaction Costs
1
4.2 Price Controls and
Rent controls
0.5
4.3 Non-price
competition
0.5
4.4 Taxes
1
Teaching
Resources
CD-ROM
Notes
News articles
Worksheets
Worksheets
Notes
CD-ROM
Worksheets
Notes
Activities
Assignment
Slide show: why firm exists
Game: Bring out the concept of transaction costs.
 End of Chapter Exercise
HKALSection A:
01-12,21;
02-10,16,25;
03-16,18,23
.
Set: News articles on price controls.
A revision on the effects of rent control.
Students complete worksheets
Discussion: is rent control beneficial to tenants?

Explain, with aid of diagrams, to students the economic
effects / welfare loss caused by price controls
Students complete worksheets
Search on http://www.info.gov.hk for laws
on rent control
 End of Chapter Exercise
HKALSection A:
01-7,9,11; 02-6,12,26;
03-26
.


Slide Show: A revision on effects on tax and the incidence of
taxes. Evaluate the recent government tax proposals
Students complete worksheets.



End of Chapter Exercise
Past Paper questions
Collect the annual budget
End of Chapter Exercise
Past Paper questions
 Group task:
Teacher selects a concept on which
students prepare a power-point slide
show to be presented in class.
5
Topic/Objectives
5. The Factor Market
No. of
Cycles
Teaching
Resources
Activities
Assignment
Cycles
20-23
5.1 Demand and supply of
factors
1
Pictures
Worksheets
Set: Show pictures of lands and people.
Brainstorming: why are there big differences in their prices
and wages?
Explain the theory of factor demand and supply
Students complete worksheets.
5.2 Determination of
wages & rents
1
News articles
Statistics
Worksheets
Students share information which they collected
Diagram-drawing on determination of wages and rent.
Students draw diagrams on worksheets
5.3 Present Value and
investment decisions
2
CD-ROM
Provided by
publisher
Worksheets
Set: Slide show on investment decision.
Illustrate the concepts of earlier availability and human
impatience.
Present value discounting.
Students complete the data response exercises.

Collect statistics on rents and wages of
Hong Kong
 End of Chapter Exercise
HKALSection A:
03-22
 End of Chapter Exercise
HKALSection A:
02-3,4,20,29;
03-14
 End of Chapter Exercise
HKALSection A:
01-3,4,27;
02-1,2;
03-3,21,24,25
 Group task:
Teacher selects a concept on which
students prepare a power-point slide
show to be presented in class.
6
Topic/Objectives
6. The Problem of
Social Cost
No. of
Cycles
Teaching
Resources
Activities
Assignment
Cycles
24-26
6.1 Economic Efficiency
and Pareto condition
1
6.2 Property Rights and
Transaction Costs
0.5
 End of Chapter Exercise
HKALSection A:
01-17;
02-7;
03-20
CD-ROM
Notes
Set: Show pictures of non-price competition.
Discuss the results of such competitions
Point out the concept of inefficiency
News articles
Set: students are given some objects. Ask them questions to  Group task:
bring out the features of private property right
Teacher selects a concept on which
Students discuss the difference in two property right systems
students prepare a power-point slide
show to be presented in class.
Set: The case of HK Stadium.
With more hypothetical cases, explain the meaning of
 End of Chapter Exercise
externalities.
HKALSection A:
Draw diagrams to show the results of externalities
01-18; 03-27,28
6.3 Externalities
1
CD-ROM
Worksheets
6.4 Public Good
0.5
Worksheets
Set: The case of light house
Explain the nature of public good
Brainstorming: more examples of public goods
Draw Diagram to show allocative inefficiency
 End of Chapter Exercise
HKALSection A:
01-15;
02-27,28;
03-11,17
 Final Exam
7