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Subject Panels In Brief

Economics
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
 
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