Summer Bridging Program of F.4 Economics 2005Part I

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Summer Bridging Program of F.4 Economics
(2005)-Part I

• Date 2/8/2005
• Time 200 330 p.m.
• Venue Room 202
• Targets F.4A/B Economics Class
• Name of Teacher Mr. LAU san-fat

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What is Economics?

• The Queen of Social Sciences
• Most powerful in explaining human behavior
• From the Greek, meaning 'household management'
• Meaning of Economics
• A study of how men allocate the limited resources
  to satisfy their unlimited wants.

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Aims of Studying Economics

• To stimulate students interest in learning the
  discipline science
• To help students acquire the necessary skills of
  learning the subject

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Aims of Studying Economics

• To stimulate students interest in learning the
  discipline science
• To help students acquire the necessary skills of
  learning the subject
• To develop students understanding of fundamental
  economic principles
• To help students apply these principles in
  tackling practical problems

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Syllabus Outline of the HKCEE Economics (2007)

• Microeconomics (F.4 Economics)
• The nature of economics
• Production
• Production periods
• Factors of production division of labor
• Types of business ownership
• Growth integration
• Market structure

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Syllabus Outline of the HKCEE Economics (2007)

• Microeconomics (F.4 Economics)
• Demand supply (I)-Market equilibrium, changes
  in demand supply
• Demand supply (II)-Price elasticities of demand
  supply
• Demand supply (III)-Market intervention

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Syllabus Outline of the HKCEE Economics (2007)

• Macroeconomics (F.5 Economics)
• National income accounting
• Money
• Banking and financial systems
• Deposit creation and money supply
• Unemployment, inflation business cycle
• Public finance
• International trade
• Exchange rates the BOP

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Objectives of the HKCEE Economics

• The objectives of the public exam is to test
  whether the candidates have acquired a basic
  understanding of economics with special emphasis
  on Hong Kong conditions and problems
• to test candidates knowledge and understanding
  of fundamental economic concepts

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Objectives of the HKCEE Economics

• to test candidates ability to apply such
  concepts to explain real world situations
• to test candidates ability to understand and
  interpret economic information presented in
  various forms
• to test candidates acquisition of some of the
  basic tools of economic analysis
• to test candidates skill in analyzing simple
  economic problems

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Objectives of the HKCEE Economics

• to test candidates ability to integrate various
  economic concepts contained in the syllabus
• to test candidates ability to present ideas
  clearly, and in a well-reasoned manner,
  illustrating answers with simple diagrams and
  examples

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The Examination HKCEE Economics

• Two papers will be set. No choice will be allowed
  in both papers.
• Effective communication marks
• A total of 2 marks of effective communication for
  Section A as a whole
• A total of 4 marks of effective communication
  for Section B (marked individually)

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The Examination HKCEE Economics

• Paper 1
• Time allowed 1½ hours
• Weightings 60
• Compositions
• Section A (27) will consist of short questions
• Section B (33) may consist of three or four
  structured questions

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The Examination HKCEE Economics

• Paper 2
• Time allowed 1 hour
• Weightings 40
• Compositions
• Consisting of multiple-choice questions
• Ranging from 50 to 60 questions

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Assignment Policy

• Cyclical Worksheets
• Cyclical Quiz
• Internal Tests
• News Commentary
• Report on Empirical Study

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Cyclical Worksheets

• Frequency 1/cycle
• Composition 1-3 short questions or 1 structured
  essay question
• Remarks
• Correction for any not fully-scored answer
• Some worksheets will be conducted during lesson
  with strict time control

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Cyclical Quizzes

• Frequency 1/cycle (lasting for 5 minutes)

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Cyclical Quizzes

• Frequency 1/cycle (lasting for 5 minutes)
• Composition 3-5 multiple-choice questions
  definitions
• Remarks
• Being conducted randomly during lesson
• Always bring a 'Quiz Book'
• Punitive handwriting copies required for poorly
  performed (scored less than 30)

18
Internal Tests

• Frequency at least 1/chapter (lasting for ½ hr)
• Composition 6-8 MCQs 2 Short Qs 1 Structured
  question
• Remarks
• Being conducted after school (or during lesson)
• No early leaver is allowed
• Punitive handwriting copies required for poorly
  performed (scored less than 30)

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News Commentary

• Frequency 2/a school term (a total of 4)
• Aims to foster students to develop economic sense
  master economic concepts
• Remarks
• Individual assignment
• Applying economic analysis to interpret economic
  information behavior
• Sources newspaper, TV clips the internet

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Report on Empirical Study

• Frequency 1/2nd term
• Remarks
• Group (of a max. of 4 students) project
• Report being submitted before final exam
• Students have to revisit economic concepts
  theories, determining their topic by referring to
  real life case(s), making normative statements

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Report on Empirical Study

• Remarks
• Report on any interesting economic phenomenon via
  the process of collecting data, doing
  investigation, analyzing interpreting data,
  drawing conclusion making reflection.
• Minimum words 600 in English or 800 in Chinese

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Weightings of Marks
23
Allocation of Daily Marks
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Tutorial Classes

• Aims to taking care of learning differentials
• Stage I (October December)
• Being conducted bi-cyclically
• Being conducted after school (or on Saturday)
• Aims to helping those students who perform
  unsatisfactorily (scored less than 30)

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Tutorial Classes

• Stage II (January June)
• After the first term exam, students will be
  streamed into 3 categories
• the poorly performed
• the average/marginal ones
• the more able/well performed

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Tutorial Classes

• Stage II (January June)
• Two tutorial classes will be conducted
  alternatively
• Tutorial Class A
• Helping the poorly performed students get a pass
• The well performed students serve as student
  tutors
• Tutorial Class B
• Helping the marginal students get consolidation
  and advancement in learning

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Miscellaneous

• Student Subject Representative
• Collecting distributing assignments and quiz
  books
• Photocopying distributing learning materials
• Recording students' class performance
• Managing the Homework Collection System
• Posting filing recommended articles newspaper
  cuttings

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Miscellaneous

• Grouping for class discussion
• 2 to 4 members
• Form groups nearby
• Reading assignments
• Selected economics articles news will be posted
  on the notice board of each Econ class
• Some questions of internal tests and exams may be
  formulated on these articles

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Awards

• Bonus daily marks for active participation in
  class discussion
• Merit for student tutors and subject
  representatives

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Punishments

• Deducting daily marks for
• late or no submission of assignments
• Incomplete or sloppy work in daily assignments
• Punitive handwriting copies for
• wrong spellings inaccurate definitions
• poor performance (scored less than 30)

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Punishments

• Deducting daily marks for
• late or no submission of assignments
• sloppy work
• Punitive handwriting copies for
• wrong spellings inaccurate definitions
• poor performance (scored less than 30)
• Making notes during lesson discussion

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Keys to Success

• To think in the economic way of thinking
• To establish good learning skills
• To have good time management
• To build solid learning ground
• To keep an eye on current issues, especially
  economic affairs

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Keys to Success

• Think in the economic way of thinking
• Employing economic concepts theories to
  interpret explain behavior/phenomena
• Don't take it for granted
• Core concepts scarcity, opportunity cost, demand
  supply analysis
• Don't interpret phenomena from a layman approach
• Using economics terms or terminologies to explain

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Keys to Success

• Good time management
• Regular/Weekly lesson preparation revision
• Starting overall revision at least 2 months
  before exam
• Strict control on time allotment during exam
• Skip the MCQs that you don't know or are sure,
  but remember to mark the option before you skip
• Answer the questions you know better first, but
  don't give up answering even for those you don't
  know

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Keys to Success

• Good learning attitudes
• Don't hesitate to ask if you don't understand
• Ask at any time anywhere
• Solid learning ground
• Correct spellings well-understanding of
  definitions
• Clear diagrammatical work
• Step-by-step calculation