Economics in PHS

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'O' LEVEL ECONOMICS
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• What is Economics?
• http//www.youtube.com/watch?vIEq4yjjRMPo

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• -Studies human behavior
• i.e. how people make choices, why some countries
  are not as developed as the rest, why prices keep
  increasing, how government policies affect the
  development of the countries

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The Beginning

• Started as an enrichment class with 20 Secondary
  2 students in 2006
• 5 students took O level in 2007 with 3
  achieving distinction 2 B3

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The Journey

• Since 2007, O level Economics is offered to
  Secondary 3 Express and Normal (Academic)
  students
• Lessons were conducted after curriculum time in
  2006 to 2007

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The Journey

• From 2008 onwards, lessons were conducted during
  curriculum time
• Results of 2008 O level were very promising

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Profile
Year No of O level students No of O level students
Sec 4 Express Sec 4 Normal (Academic)
2007 5 0
2008 15 3
2009 26 4
2010 86 0
2011 40 0
2012 41 0
2013 41 0

• Currently, there are 41 Secondary 3 students

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Pedagogy

• Newspaper articles
• Bak Kwa Buys
• Protectionism

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Pedagogy

• Activities
• Economics is everywhere
• Needs vs Wants
• My Dream Job!

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Pedagogy

• Online Activities
• Escape from Barter Island
• Explore money around the world
• http//www.youtube.com/watch?vggxX1hPLbg0

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Activities

• World Trade Game
• Financial Literacy Carnival
• MoneySense Game
• International Studies Program
• -Ho Chi Minh City, Vietnam

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World Trade Game

• Understand the economic situation of various
  countries
• Substitute each countrys weakness with other
  countrys strength for each countrys development

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World Trade Game

• Gain an experience of barter trade as well as
  understand demand and supply in real life
• Create interest and discussion about the world
  trading system in an enjoyable and non-academic
  way

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Reflections

• As representatives of a country, we had to
  practice some governing principles, like being
  forward looking
• This could be done by collaborating, setting up
  agreements with other countries for later rounds

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Reflections

• We could see from real life situations why barter
  trade is not an efficient way to obtain what we
  need
• In this game, we had to apply concepts we learnt
  in economics, such as demand and supply, barter
  trade, etc

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Financial Literacy Carnival

• Promote financial literacy amongst students and
  adults
• A variety of activities including a skit on money
  management, a financial education amazing race
  and Praxis Board games

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Q A
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Thank You!