Objectives
1. to know and understand fundamental economic concepts and theories;
2. to apply such concepts and theories to explain real world situations, especially the Hong Kong economy;
3. to understand and interpret economic information presented in various forms;
4. to acquire the basic tools of economic analysis;
5. to analyze economic issues;
6. to evaluate arguments, proposals, and policies from different perspectives and make informed judgements; and
7. to present ideas clearly, and in a well-reasoned manner, illustrating answers with diagrams and examples.
DSESyllabus
|
Topics |
Key Concepts |
| A |
Basic Economic Concepts |
Scarcity, Opportunity Cost, Economic Goods and Free Goods |
| B |
Firm and Production |
Factors of Production, Production Costs, Profit Maximization |
| C |
Market and Price |
Demand and Supply, Price Elasticity, The Law of Demand |
| D |
Competition and Market Structure |
Monopoly, Oligopoly |
| E |
Efficiency, Equity and the Role of Government |
Consumer Surplus, Efficiency, Externality, Income inequality |
| F |
Measurements of Economic Performance |
Gross Domestic Product, Inflation Rate, Unemployment Rate |
| G |
Determination of National Income and Price Level |
Aggregate Demand and Aggregate Supply |
| H |
Money and Banking |
Functions of Money, Deposit Creation, Money Demand and Supply |
| I |
Macroeconomic Problems and Policies |
Fiscal and Monetary Policies |
| J |
International Trade and Finance |
Exchange Rate, Comparative Advantage, Balance of Payment |
| K |
Extension of Trade Theory, Economic Growth and Development |
Production Possibilities Frontier, Human Development Index |
|
