Po Leung Kuk Centenary
Li Shiu Chung Memorial College - Economics Department
Choice of Economics as
an elective subject
Economics is a science explaining human behaviour. Students are required to apply economic concepts
and theories to explain real world situations.
I. Aims / Requirements
Aims
The curriculum aims at developing students’
skills to --
- apply economic concepts
to economic problems and issues accurately and comprehensively;
- give logically
consistent and comprehensive analysis of a wide range of economic issues,
government policies and their impact;
- evaluate arguments,
proposals and policies from different economic perspectives and make
informed judgments; and
- apply mathematical
and graphical tools accurately and comprehensively in economic analysis.
Requirements
Students should have --
- good analytical skills,
ability to think logically and systematically, and an inclination to think
and analyze;
- a good mastery of
Mathematics as students are required to interpret economic information
presented in numerical and graphical forms and apply mathematical and
graphical tools in the subject;
- a good command of
English for effective communication of economic ideas and discussion of
economic issues; and
- a good awareness
of the economic phenomena in daily life and ability to apply what has been
learnt to explain economic behaviour.
II. Content
The curriculum comprises two parts. The
Compulsory Part is on basic concepts and topics in Microeconomics and
Macroeconomics. The Elective Part comprises two elective modules, of
which students are required to choose one.
Compulsory Part
- Basic economic concepts
- Production and firms
- Market and price
- Competition and market
structure
- Efficiency, equity and
the role of government
- Measurement of economic
performance
- National income
determination and price level
- Money and banking
- Macroeconomic problems
and policies
- International trade and
finance
Elective Part
Elective 1 Monopoly pricing /
Anti-competitive behaviours and competition policy
Elective 2 Extension of trade theory / Economic growth and development
III. Assessments
|
Mode
of Assessment
|
Weighting
|
Time
Duration
|
|
Public Examination
|
Paper 1 Multiple-choice Questions
|
30%
|
1
hour
|
|
Paper 2 Structured/Essay-type
Questions
|
70%
|
2
hours 30 min
|