經濟

S4

A. Basic Economic Concepts

  • Economics as a social science
  • Scarcity, choice and opportunity cost
  • The three basic problems
  • Competition and discrimination
  • Production and consumption

 

B. Firms and Production

  • Ownership of firms
  • Types/stages of production
  • Types of goods and services produced
  • Division of labour
  • Factors of production
  • Production and costs in the short run and long run
  • The objectives of firms

 

C.  Market and Price

  • Law of demand
  • Law of supply
  • Market equilibrium
  • Interaction between demand, supply and price
  • Price elasticity of demand and supply
  • Market intervention

 

D. Competition and Market Structure

  • Perfect competition and imperfect competition (monopolistic competition, oligopoly and monopoly)

 

E. Efficiency, Equity and the Role of Government

  • Efficiency
  • Equity
  • Policy concerns
S5

F. Measurement of Economic Performance

  • National income
  • General price level as measured by Consumer Price Index and implicit price deflator
  • Unemployment and unemployment rates
  • Recent trends of national income, general price level and unemployment in Hong Kong

G. National Income Determination and Price Level

  • Aggregate demand (AD)
  • Aggregate supply (AS)
  • The determination of level of output and price

H. Money and Banking

  • Money
  • Banks: functions and services
  • Money creation and contraction
  • Money demand, money supply and interest rate determination
  • Hong Kong as a financial centre

I. Macroeconomic Problems and Policies

  • Inflation and deflation
  • Government budget
  • Business cycles: a description of the short run fluctuations in real GDP around the long run trend
  • Unemployment
  • Fiscal policy and Monetary policy

J. International Trade and Finance

  • Free trade and trade barriers
  • Brief introduction to the balance of payments account
  • Exchange rate

 

 

 

 

S6 Elective

Part 1: Monopoly Pricing, Anti-competitive Behaviours and Competition Policy

  • Simple monopoly pricing
  • Price discrimination
  • Major forms of anti-competitive practices
  • The impact of anti-competitive practices
  • Justification and concerns for competition policy