Curriculum (Outline)
Economics
F. 4
- Basic Economic Concepts
- Scarcity
- Opportunity Cost
- Concept of Interest
- Free Goods vs. Economic Goods
- Three Basic Economic Problems
- Firms and Production
- Production
- Division of Labour
- Factors of Production
- Short Run and Long Run Production
- Profit Maximization and Output Determination
- Integration of Firms
- Market Structure
- International Trade
- Absolute and Comparative Advantage
- Principle of Comparative Advantage
- Gains from Trade
- Trade Barriers
- Market and Price
- Demand and Supply: Equilibrium
- Elasticities of Demand and Supply
- Market Intervention
F. 5
- Basic Economic Concepts
- Positive vs. Normative Economics
- Firms and Production
- Types of Production
- Private and Public Goods
- Market and Price
- Law of Demand (Alchian’s Generalization)
- Consumer and Producer Surpluses
- Functions of Prices
- Competition and Market Structure
- Perfect Competition
- Monopolistic Competition
- Oligopoly
- Monopoly
- Efficiency, Equity and the Role of Government
- Efficiency
- Equity
- Policy Concerns
- Measurement of Economic Performance
- Circular Flow of Economic Activities
- National Income
- GDP and GNP
- Uses and Limitation of National Income Accounting
- General Price Level
- Unemployment and Underemployment Rates
- National Income Determination and Price Level
- Aggregate demand (AD)
- Aggregate supply (AS)
- The Determination of Level of Output and Price
- Business Cycles
- Business Cycles
- Inflation and Deflation
- Unemployment
- Fiscal Policy
- International Trade and Finance
- Trade Barriers
- Present Situation of the Hong Kong Economy
- Balance of Payments
- Exchange Rates and Linked Exchange Rate System
- Monopoly and Competition Policy (Elective)
- Monopoly Pricing
- Anti-competitive Behaviours and Competition Policy
- International Trade and Economic Growth (Elective)
- Extension of Trade Theory
- Economic Growth and Development
F. 6
- Money and Banking
- Money
- Banks: functions and services
- Money supply
- Money demand
- Determination of interest rate in the money market
- Hong Kong as a financial centre
- Monetary policy
For the complete NSS Economics curriculum, please visit:
Economics Curriculum and Assessment Guide (Secondary 4-6)
- Curriculum and Assessment Guide (S4-S6)
- Supplementary Document
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