Subject Objectives 

• Students will master fundamental accounting and business knowledge, establish positive values and attitudes, enabling them to plan for future advanced studies and career development in the field of business. As a field of science that explains human behavior, this subject focuses on how societies and individuals make optimal decisions under various constraints through analysis of choices from personal preferences to societal resource allocation, while cultivating students' ability to effectively apply economic concepts and data to understand both local and global economic issues. 

 

• This subject aims to provide students with basic economic knowledge and skills, enhancing their understanding of the economic environment around them, whether from the perspective of producers or consumers. It develops students' analytical and critical thinking abilities, enabling them to comprehend how individuals make rational decisions as consumers and producers, and to understand the interdependent relationship between consumption and production activities. 

 

Subject Teachers 

Head of Subject 

AU LOK MAN (T-12) 

 

Curriculum Outline

Hong Kong Diploma of Secondary Education (HKDSE) Senior Secondary Curriculum 

Secondary 4: 

• What is Economics? 

• Three Basic Economic Problems 

• Demand and Supply 

• Changes in Demand and Supply 

• Price Elasticity of Demand and Price Elasticity of Supply 

• Market Intervention 

• Ownership of Firms 

• Production and Division of Labor 

• Factors of Production 

• Short-Run and Long-Run Production 

• Expansion of Firms 

• Markets and Market Structures 

• Profit Maximization and Output Decisions 

 

Secondary 5: 

• Consumer Surplus and Producer Surplus 

• Competition and Efficiency 

• Role of the Government: Market Failure, Equity, and Income Inequality 

• Monopoly Pricing 

• Anti-Competitive Practices 

• Competition Policy 

• Measuring Economic Performance: GDP and GNP 

• Measuring Economic Performance: Other National Income Statistics and General Price Level 

• Macroeconomic Issues 

• Determination of National Income and Price Level: Aggregate Demand and Aggregate Supply 

• Changes in Aggregate Demand and Aggregate Supply 

• Fiscal Policy and Government Budget 

 

Secondary 6: 

• Money and Banking 

• Money Supply and Money Creation 

• Money Demand and Money Market Equilibrium 

• Monetary Policy and Quantity Theory of Money 

• International Trade: Free Trade and the Principle of Comparative Advantage 

• Trade Barriers and Hong Kong’s External Trade 

• International Finance: Exchange Rates and Balance of Payments 

 

Subject Activities