St. Francis’ Canossian College
Curriculum Planning for E.P.A. / Economics
Form 5 Economics
Subject Teachers: Miss L.Chan, Mrs P.Yeung, Miss E. Wong
No of Cycles per cycle: 5
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. understand and interpret economic information presented in numerical, verbal and diagrammatic forms by using the basic economic concepts and analysis; as
well as to translate such information from one form to another.
3. apply basic economic concepts and analysis to economic problems and issues.
4. distinguish facts from values and to make reasoned decisions.
5. organize and present economic ideas and statements in an accurate and logical way.
Teaching Resources
Textbooks, workbooks, worksheets, question banks, fact sheets;
Reference books, past papers;
Newspaper cuttings, magazines, government publications;
Wall charts, posters, transparencies;
Audio tapes, video tapes, CD-ROMs, internet resources.
Assignment: Workbook, Textbook Exercise, Past papers, Collecting information, news report and other exercises.
Evaluation: Performance in Class, Assignments, Quizzes, Tests and Examinations
1
Topic/Objectives
1. Introduction
No. of
Cycles
Teaching
Resources
Activities
Assignment
Cycles
1-5

1.1 Meaning of GDP
1
1.2 Three approaches in
measuring GDP
2
1.3 Other measurements
of GDP
2
2. Business cycles
Cycle 6
2.1 Unemployment
0.5
2.2 Inflation (deflation)
0.5
CD-ROM
Worksheets
Fact sheets
Pamphlets
Notes
News articles
Statistics
Textbook
Set: News articles related to GDP.
Slide show on the purpose of computing GDP.
Give hypothetical cases for students: based on definition of
GDP, decide whether GDP is affected
Demonstration on the computation of GDP
Data-response questions
Class practice
Textbook
Notes
ETV programs
New articles
Pamphlets
Worksheets
Set: News articles related to unemployment, inflation and
GDP fluctuations.
Use hypothetical cases to illustrate the meaning of
unemployment.
Demonstrate how unemployment rate is calculated.
Discuss: reasons for the changes in unemployment rate.
ETV program on Unemployment
Textbook
Cartoons
Fact sheets
News articles
Related HKCEE Questions: 98-7,9,11;
99-7,9,10,11;
Search information from
http://www.info.gov.hk/hkecon




HK economy
Textbook exercises.
Past paper questions
Workbook
Cycle 5 First Test




Textbook exercises
Workbook
Past Paper Questions
Quiz
about the
Set: students are asked to do the cartoon exercises.
Students report answers.
Summarize the effects of inflation.
00-6,7,9,10;
01-6,9,11;
02-10,11,12
2
Topic/Objectives
No. of
Cycles
3. Money and Banking
Cycles
7-8
3.1 Nature and functions
of money
3.2 Types of money and
Definitions of money
supply
3.3 How currency is
Issued in HK
1
Game cards
Textbooks
Notes
Worksheets
Old coins
Banknote
Bankbook
Flow charts
Set: Role-play on exchanges of goods.
Bring out the meaning and disadvantages of barter, and the
functions of money.
Explain the evolution of money
Show how money supply is calculated
Use of flow charts to show the issue of money
Complete worksheets
3.4 Types and functions
of banks
3.5 The central bank
1
News headlines
Video tape
CD-ROM
Notes
Worksheets
Set: ask students for the names of banks in HK
Brainstorming functions of banks and types of banking
services.
ETV: the story of banks
Point out the importance of a supervisory body of banks:
central bank.
Summarize functions of central bank
Related HKCEE Questions: 98-6,9;
Teaching
Resources
99-5,6,11;
Activities
00-5,10;
01-5,10;
Assignment





Textbook exercises
Past paper questions
Workbook
Complete worksheets
Quiz

Collect information about monetary
authority and banks in HK
http://www.info.gov.hk/hkma





Collect news on the banking industries
Textbook exercises.
Past paper questions
Workbook.
Quiz
02-6,7,10,11
3
Topic/Objectives
4. Credit Creation
No. of
Cycles
Teaching
Resources
Activities
Assignment
Cycle
9
4.1 Assumptions
4.2 Maximum Lending
ability of an
individual bank and
the banking system
Textbook
Notes
Worksheets
Pictures
Statistics
Set: Show a picture illustrating the idea of credit creation.
Use balance sheets to show the process of credit creation.
Statistics showing the deposits of the HK banking system and
the currency in public circulation
Class practice




Textbook exercises
Past paper questions
Workbook
Cycle 9 Common Test
Textbooks
Worksheets
Pamphlets
Budget
ETV
News articles
Set: Brainstorming on types of government expenditure in
HK.
Use of flow charts to summarize the types of government
taxes.
Demonstration: computation of salaris tax. Complete
worksheets
ETV on 2000 budget. Discussion: Effects of the 2000
Government Budget on the HK economy

Collect Pamphlets for the recent
budget.
Past paper questions
Textbook exercises
Workbook
Quiz
Cycle 13 Third Test
5. Public Finance
5.1 Sources of
Government revenue
5.2 Classification of
Taxes
5.3 Principles of Taxation
5.4 Aims and Effects of
taxation
5.5 Types of Government
Expenditure
Cycle
10-12
Related HKCEE Questions: 98-5;
99-8,10;
00-8,9;





01-7; 02-8,12
4
Topic/Objectives
No. of
Cycles
6. International Trade
Cycles
13-14
1
6.1 Why trade occurs
6.2 Theory of
Comparative
advantage
6.3 Terms of Trade and
gains from trade
6.4 Trade protectionism
7. International
Finance
7.1 Types of exchange
rate systems
7.2 Linked exchange rate
system
7.3 Balance of payments
accounting
Teaching
Resources
Worksheets
Textbook
Notes
News articles
1
1
8. Overall revision
Cycle 17
9. Mock Exam
Cycle 18
Set: select objects from students’ desks. Bring out the
importance of trade.
Questions for discussion: Given the case of HK, find
evidence of trade and reasons for trade.
Computation of gains from trade.
Students complete worksheets.
News article: discuss reasons for protectionism
.
Assignment
 Textbook exercises
Related HKCEE Questions:
99-9; 00-11; 01-9; 02-9,12



Workbook
Quiz
Find data on trade from on
http://www.info.gov.hk/censtatd/english/hkstat
/index.html
Cycles
15-16
1
Activities
Textbook
Notes
Worksheets
Pictures
Statistics
Pamphlets
ETV
News articles
Set: Show banknote of foreign currencies.
Brainstorming: why do we need foreign currencies
Explain the 2 types of exchange rate system
News articles: why does exchange rate change?
Use of Flow chart to illustrate the linked exchange rate
system.
New articles on Balance of trade in HK and China
Data response questions on Balance of payments accounting
.
Related HKCEE Questions:
98-8,10,11; 99-6,10;




01-8;
Textbook exercises
Workbook
Quiz
Summer Assignments
5