S4 Econ Course Outline 1 Name - HKMA David Li Kwok Po College

S4 Econ Course OutlineHKMA David Li Kwok Po CollegeS4 Economics (2011-12)Course OutlineName: _________________Class: ______ ( )A. Learning objectives:1. To obtain s thorough understanding of general economic principals and conceptsand their application to real world situations.2. To understand and interpret economic information presented in different forms.3. To acquire some basic tools and skills in economic analysis.4. To understand the economic system of Hong Kong.B. What is Economics?Economics is a social science subject, which studies how individuals, firms and societymake decisions on how to allocate scarce resources to best satisfy their unlimited wants.•Microeconomics – a study of the behaviour of individuals and firms, i.e. how dothey make rational decisions?•Macroeconomics – a study of the performance of an economy as a whole, e.g.the national income, taxation, international trade of a society.C. What do you need?1. Two textbooks (Longman “NSS Exploring Economics Book” 1 & 2)2. One A4 sized two-rings folders3. Two school exercise books (30 pages)4. A4 sized single-lined papersD. How to use the textbook?The textbook should be the main study tool for you to revise in this subject. You will begiven lecture notes that sum up all the main points in that particular chapter. But, for thedetails, you must refer back to the textbook.E. Public Assessment: HKDSEComponent Part Weighting DurationPublic Examination Paper 1 (multiple-choice questions) 25% 1 hourPaper 2 (conventional paper)60% 2 hoursPart 1: Compulsory partPart 2: Elective Part (choose onequestion out of two)School-based Task-based assessment (news15%Assessment (SBA) commentary or essay / report)TOTAL: 100%1

S4 Econ Course OutlineF. Internal school assessment:ExamsContinuousAssessmentComponent Details WeightingFirst Term Exam &60%Final Exam (Covering allcontents)Uniform Tests Once per term 15%Quizzes Usually once per chapter 10%Major Assignments Once per chapter 10%News Commentaries or Once per term 5%essay / report (SBA)TOTAL: 100%*40% of the year total marks come from the first term while the remaining 60% comefrom the second term.G. The topics to be taught in S4:MicroeconomicsTopic:A. Basic Economic ConceptsChp 1: What is economics?Chp 2: The three basic economic problemsB. Firms and ProductionChp 8: Ownership of firmsChp 9: Production and division of labourChp 10: Factors of productionChp 11: Production in the short run and long runChp 12: Expansion of firmsChp 14: Profit maximization and output determinationC. Market and PriceChp 3: Demand and SupplyChp 4: Changes in demand and supplyChp 5: Price elasticity of demand and supplyChp 6: Market intervention (I)Chp 7: Market intervention (II)D. Competition and Market StructureChp 13: Market and Market StructureTime to bespent:4 weeks12 weeks12 weeks2 weeksTotal: 30 weeks*The above arrangement is based on “NSS Exploring Economics” Book 1 & 2.2