CUHKFAA CHAN CHUN HA SECONDARY SCHOOL
Economics Teaching schedule（2005 -2006）
Subject :
Economics
Class :
F4A / F4B
Period(s)
per week :
6 periods
Teacher(s)
Ng Ka To
Textbook :
Elementary Economics / 經濟學探究
Volume :
1A / 1B
1上 /1下
Author(s) :
Dennis Wong
T. Chan
Publisher
Pilot Publishing
Company Ltd
DATE
WEEKS
PERIODS
1/9
19/9
3
16
The basic Economic
Problems
1.1 The sources of economic problems: scarcity and choice
1.2 Opportunity cost
1.3 Economic good, Free good
1.4 Three basic economic problems
1.5 Basic Circular Flow, Microeconomics vs. Macroeconomics
22/9
26/9
1
4
Types of Production
2.1 Definition of Production
2.2 Consumer good and Capital good
2.3 Types of production, Production in Hong Kong
29/9
8/10
2
8
Division of Labour
3.1 Types
3.2 Advantages and Disadvantages
3.3 Limitations
9/10
24/10
2
14
Factors of Production
4.1 Definition and Classification: Land, Capital, Labour, Entrepreneurship
4.2 Nature and functions
4.3 Mobility of Resources
4.5 Different types of wage payment
4.6 Factors of production in Hong Kong
27/10
12/11
2
10
Production in the Short-run
and Long-run
5.1 Fixed factors and variable factors
5.2 Definition of short-run and long-run
5.3 Law of diminishing returns
5.4 Economies and Diseconomies of scale
13/11
- 28/11
2
13
Units of Production
(The firm)
6.1 Definition of a firm
6.2 Forms of control and ownership
TOPIC(S)
KNOWLEDGE
DATE
WEEKS
PERIODS
KNOWLEDGE
1/12
5/12
6/12
27/2
1
6
Growth and Integration
Types and motives
6
34
Demand, supply and Price
8.1 Definition of price, demand and supply
8.2 Market equilibrium
9.1 Change in demand and supply
10 Price elasticity
1/3
10/3
11/3
25/3
2
10
Market Intervention
11.1 Price control and Quantity control
11.2 Tax and Subsidy
2
13
Market Structure
12.1 Definitions of market
12.2 Perfect competition
12.3 Imperfect competition
29/3
28/5
4
20
National Income
2.1 Definition of National Income
Circular flow of income
2.2 Methods of measurement: three approaches
2.3 Uses and limitations of NI statistics
2.4 Factors affecting national income
31/5
18/6
3
16
Revision and Exam Papers
TOPIC(S)
CUHKFAA CHAN CHUN HA SECONDARY SCHOOL
Economics Teaching schedule（2005 -2006）
Subject :
Economics
Class :
Textbook :
Elementary Economics / 經濟學探究
Volume :
DATE
WEEKS
PERIODS
6/9
17/9
2
6
20/9
29/10
6
18
1/11
19/11
3
22/11
17/12
4
20/12
14/1
2
17/1
4/3
F5A / F5B
3 periods
Teacher(s)
Ng Ka To
Author(s) :
Dennis Wong
T. Chan
Publisher
Pilot Publishing
Company Ltd
KNOWLEDGE
TOPIC(S)
Unemployment, Inflation and
Business Cycle
Money
and
Banking
9
Public Finance
12
6.1 Unemployment
6.2 Changes in the general price level
6.3 Business Cycle
3 Nature and functions of money
4 Functions and services of banks
5.1 Money supply
5.2 Hong Kong as a financial centre
7.1 Government revenue
7.2 Government expenditure
7.3 Government budget and its effects on the economy
8 Theoretical principles: absolute advantage, comparative advantage
International trade
6
9 Free trade and trade barriers
10.1 Exchange rate
Exchange Rate
and
The Balance of Payment
5
2
Period(s)
per week :
15
Revision
10.2 Balance of payment
10.3 Hong Kong’s international trade
CUHKFAA CHAN CHUN HA SECONDARY SCHOOL
Economics Teaching schedule（2005 -2006）
Subject :
Economics
Class :
Textbook :
Understanding Microeconomics
Understanding Macroeconomics
Volume :
DATE
PERIODS
5/9 –
23/9
15
TOPIC(S)
(1)
Introduction & Basic
Concepts
S6A & S7A
1&2
Period(s)
per week :
5 periods
Teacher(s)
Ng Ka To
Author(s) :
Wong Yuen
Chi
Publisher
Pilot Publishing
Company Ltd
KNOWLEDGE
I Scarcity and the meaning of competition
II Economic systems. Economics as an empirical science: basic postulates and methodology
III The meaning of utility,
wealth, and income, and the postulate of
maximization
26/9 –
25/10
21
(2)
Consumer Theory
The Indifference Curve Approach
I
Introduction.
II The two approaches in the utility theory.
III The relevant concepts in consumer theory.
IV Change in consumer equilibrium and decomposition of the price effect
The MUV Approach
I Basic concept of use value.
II The MUV curve & ordinary demand curve.
III Consumer’s surplus revisited.
IV Criticism of the utility (ordinal) theory.
31/10 21/11
15
(3)
Demand & Supply Analysis
And
Exchange
Demand & Supply
I Basic postulates of human behaviour.
II Concept of demand, demand function & curve.
III Concept of supply, supply function & curve.
IV Concepts of equilibrium & elasticity.
V Market intervention & disequilibrium.
VI Model of exchange
DATE
22/11 3/3
PERIODS
42
TOPIC(S)
(4)
Production Theory
And
Market Competition
KNOWLEDGE
Exchange & efficiency
I Functions & implications of price.
II Functions of market.
III Concept of exchange and efficiency.
Production Theory
I Concepts of costs - definition & types of costs.
II Theory of production.
III Theory of costs and cost curves.
Market Competition
I Market competition and mechanism.
II Price-taking competition & its equilibrium.
III Price-searching competition.
IV Monopoly & price discrimination.
6/3 –
31/3
19
(5)
Government and Economic
Organizations
I The nature of the firm: the organization of productionwith the presence of transaction costs
II Price controls and rent controls
III The implications of non-price allocation
IV The incidence and implications of some common taxes
DATE
PERIODS
TOPIC(S)
3/4 –
10/5
20
(6)
Factor Market
KNOWLEDGE
Demand For Factors : Traditional Analysis
I Nature of factors and factor market.
II Labour market and the Value of marginal product of labour.
III The demand curve for factors in the short run.
IV Factors affecting the shift of factor demand curve.
V Supply of factor inputs.
VI Labour & determination of Wage
Rent & Land
I The origin of rent on land.
II Modern concept on ( economic ) rent.
III Other types of rent.
Interest & Capital
I Meaning & existence of interest.
II Employment decision of firms.
III Determination of interest rate.
IV Interest differentials.
V Investment on
Human capital.
Profit & Entrepreneur
I Nature of Firm.
II Concept of profit & role of entrepreneur.
11/5 –
7/6
8/6-9/6
23
2
(7)
The Problem of Social Cost
Revision
I
II
III
IV
V
Introduction.
Externality.
Solutions to externality.
Public goods & economic efficiency : Pareto
Common property resources.
Optimum.