Download Subject: Economics

1
Nam Wah Catholic Secondary School
Work Scheme
Subject: Economics
Cycle
Week
Date
Teaching Progress
(Chapters/Topics)
I.
1
2
2-9-09
to
15-9-09
21-9-2009
to
2-10-2009
Form: S.6A
The Scope
Econo mic
Analysis
Year: 09-10
Teaching Aims /
Objectives
of
1. Scarcity
and i. To explain the inter the mea ning of
relationship
a mo ng
competition
scarcity,
co mpe tition
and discriminatio n. *
ii.
To distinguish free
goods from scarce
goods
iii.
To
illustrate
the
concept of scarcity,
choice, opportunity
cost and efficiency
with a production
possibility curve
2. The
i.
methodology
of
positive
econo mics
to
understand
the
meaning
and
importance
of
the
basic postulates and
the
testing
of
hypothesis
ii. to distinguish positive
statements
from
nor mative state me nts
Panel Chairperson’s Name: Wong Hung Lurk
◎Extended topics and the rests are core topics
Teaching Aids / Tools
Homework / Test Four Key Areas / Learning with the
/Assessment
9 Generic Skills
use of IT /
Remarks Remarks
(1) textbook
(1) worksheet (2)
Learning from (1) powerpoint
(2) past paper
(2) essay (2)
- production
reading:
(3) worksheet
(3) test (2)
1.encourage
possibility
(4) computer
and (4) interactive group students
to
curve
projector
discussion
borrow
books
- attributes of a
(5) chalk and blackboard
from library and
useful
(6) teaching CD-ROM
* group preparation
finish book report
economic
at the end of this
theory
term.
(2) surfing the
2.
encourage
following
students to read
website
with
selected topics of
students
《科學說需求》 www.econman.net
Prepared By: Wong Hung Lurk
Group
preparation
Students
are
divided
into
several groups and
are assigned a
given topic, they
are required to
prepare
and
present the given
topic in order to
train
students’
learning
from
2
Nam Wah Catholic Secondary School
Work Scheme
3
5-10-09
to
19-10-09
iii.
to
explain
the
attributes of a useful
econo mic theor y
iv.
to understand the
logical nature of a
testable (refutable)
hypothesis *
II.Dema nd,
Supply and
price
1.
Indifference i. to explain the meaning
curve approach
of utility
ii. to explain the basic
properties*
of
the
indifference
curves
and
their
implicatio ns
for
consumer equilibrium
under constraints
iii. to decompose price
effect into income
effect
and
substitution effect
iv. to distinguish normal
goods, inferior goods
and Giffen goods
v. to derive the mo ne y
and
real
income
consta nt de mand curve
◎
vi.to distinguish between
a dema nd cur ve a nd the
la w o f de ma nd
vii.to
apply
the
indifference
curve
* group preparation
(1) textbook
(2) past paper
(3) worksheet
(4) computer and
projector
(5) chalk and
blackboard
(6) teaching CDROM
(1) worksheet (6)
(2) essay (3)
(3) test (4)
(4) interactive group
discussion
 group preparation
reading, learining
to learn, power to
analyze,
communicate and
solve
problems
etc.,
and
to
strengthen
their
ability of using IT.
Learning from (1) powerpoint
- the derivation of
reading:
encourage students
the consumer’s
to read selected
demand curve
- individual vs
topics of 《科學說
market demand
需求》
curve
- change in
demand
vs change in Qd
- factors affecting
demand
- TR, AR and MR
- concept of
consumer’s
surplus
- all or nothing
demand curves
- the theorem of
exchange
- assumption of
the theorem of
exchange
3
Nam Wah Catholic Secondary School
Work Scheme
4
5
5
20-10-2009
to
30-10-2009
4-11-2009
to
10-11-2009
11-11-2009
to
18-11-2009
analysis in explaining
consumer behaviour *
2. The
mar ginal i. to define use value,
use
value
exchange value and
approach
consumer surplus
ii. to resolve the paradox
of value in terms of
use
value
and
exchange value
iii.to
derive
demand
curve
from
an
individual MUV curve
iv. to apply the concepts
of use value, exchange
value and consumer
surplus in explaining
consumer
behaviour
under different pricing
arrangements*
3. Elasticity
dema nd
supply
i. to understand and apply
the
concepts
of
of
elasticity o f de ma nd
and
and supply
i. to explain the theorem
of exchange
4. The
pure ii. to state the equitheorem
of
marginal
principle
exchange
and apply it in the
case of exchange
iii.to determine the ga ins
from
trade
with
/
without production
iv. to define and identify
transaction costs in
give n e xa mple s
v. to explain the role of
middle me n
in
the
presence
of
* group preparation
(2) surfing the
following
website
with students
www.econman.net
* group preparation
4
Nam Wah Catholic Secondary School
Work Scheme
transaction
exchanges
6
costs
in
19-11-09 I I I . C o s t a n d i . t o d e f i n e c o s t
Supply
to
ii.to
discuss
various
1. the concept of
concepts of cost
2-12-09
cost*
iii.to distinguish between
cost and sunk cost
7
7-8
3-12-2009
to
8-12-2009
(1) textbook
(2) past paper
(3) worksheet
(4) computer and
projector
(5) chalk and
blackboard
(6) teaching CDROM
(1) worksheet (4)
(2) essay (4)
(3) test (3)
(4) interactive group
discussion
* group preparation
Learning from
reading:
encourage students
to read selected
topics of 《供應的
行為》
Revision
10-12-09
to
18-12-09
22-12-09
to
3-1-10
4-1-10
2. the input output i.
to
relationship
18-1-10
First Term Examination
Christmas and New Year Holidays
to derive marginal
product and average
product from total
product
ii. to define the law of
diminishing marginal
productivity
iii.to define the theory of
optima l e mplo yme nt
(1) powerpoint
- TP, AP and MP
- TC, AC and MC
- cost curves in the
Long Run
(2) surfing the
following
website
with students
5
Nam Wah Catholic Secondary School
Work Scheme
www.econman.net
8-9
9-10
10
19-1-10
to
2-2-10
3-2-10
to
10-2-10
11-2-10
to
21-2-10
22-2-10
to
4-3-10
3. Costs and output
4.Production,
specialization and
exchange
i. to identify fixed cost
and variable cost from
give n e xa mple
ii.to derive the short run
cost curves
iii.to derive the short run
supply curve of a firm
from its MC curve
iv.to explain the shape of
long run average cost
curve in terms of
econo mies a nd
disecono mie s of scale
v. to explain the shape of
relevant run cost curve
in terms of rate effect
and volume effect
i. to find the equilibrium
under self-sufficiency
situation
ii. to mea sure the ga in
from production &
exchange
iii.to learn the concepts
of Pareto conditions
and the invisible hand
Lunar New Year Holidays
5.
Price-taker’s
market
i.
to determine the
wealth-maximizing
equilibrium of a
price-taker in both
short run and long
run
ii. to derive a price-
(1) textbook
(2) past paper
(3) worksheet
(4) computer and
projector
(5) chalk and
(1) worksheet (2)
(2) essay (1)
(3) test (1)
(4) interactive group
discussion
(1) powerpoint
- wealth
maximizing
output of price
taker
- short-run supply
6
Nam Wah Catholic Secondary School
Work Scheme
taker short run
supply curve and
short run ind ustry
supply curve
iii. to infer allocative
efficiency
implicatio ns fro m
the equilibrium of
a price-taking
industry
11
11-12
5-3-10
to
11-3-10
12-3-10
to
26-3-10
6. Price-searcher’s
market
7.
Price
discrimination
i.
to determine the
wealthmaximizing
equilibrium of a
price-searcher
ii. to define mo nopoly
rent
iii. to evaluate the
allocative
efficiency
implicatio ns of
simple monopoly
pricing
i.
to specify the
conditions and to
identify cases of
price
discrimination *
ii. to understand the
effects of price
discrimination o n
output and
allocative
efficiency
iii. to identify price
blackboard
(6) teaching CDROM
(1) textbook
(2) past paper
(3) worksheet
(4) computer and
projector
(5) chalk and
blackboard
(6) teaching CDROM
curve of price
taker
- efficiency in
allocation
(1) worksheet (2)
(2) essay (2)
(3) test (2)
(4) interactive group
discussion
* group preparation
Learning from (1) powerpoint
- wealth
reading:
encourage students
maximizing
to read selected
output of price
searcher
topics of 《供應的
- allocative
行為》
inefficiency of
monopoly
(2) surfing the
following
website
with students
www.econman.net
Nam Wah Catholic Secondary School
Work Scheme
7
rigidity and inter dependence as the
key features of
oligopoly◎
iv. to specify product
differentiation and
non-price
competition as the
main features of
mo nopolistic
competition◎
12
30-3-10
to
11-4-10
12 -4 -10
to
15-4 -10
Easter Holidays
IV. Factor
Market
1. The demand for and
supply of factors
i.
to define MRP and
VMP and to
distinguish their
differences
ii. to understand why
MRP curve below
the ma ximu m ARP
is the factor
dema nd cur ve of a
firm under a
competitive factor
market
iii. to explain the
supply curve of
labour ma y be
b a c k wa r d b e n d i n g
iv. to explain how
wa ge deter mined
by supply of and
dema nd for labour
in a co mpetitive
factor marke t
(1) textbook
(2) past paper
(3) worksheet
(4) computer and
projector
(5) chalk and
blackboard
(6) teaching CDROM
(1) worksheet (3)
Learning from (1) powerpoint
(2) essay (2)
- derived demand
reading:
(3) test (2)
encourage students
- a firm’s
(4) interactive group to read selected
demand
discussion
of a factor
topics of 《供應的
industry’s
行為》
demand of a
factor
- the backwardbending labour
supply curve
- income
distribution
between fixed
factor and
variable factor
- composition of
transfer earning
and economic
rent
- market rate of
8
Nam Wah Catholic Secondary School
Work Scheme
13
16-4 -10
to
22-4 -10
2. The theory of rent
23-4 -10
to
6-5-10
3. Capital,
interest and profit
i.
to define and to
distinguish transfer
earning from
econo mic rent
ii. to recognize rent
may be earned by
any factor
iii. to understand the
implicatio n of rent
on the supply of a
factor
i.
13-14
ii.
iii.
iv.
v.
vi.
to explain the
generalized
concept of capital
to understand why
interest exist
to discount an
inco me strea m o f a
capital asset into
its present value
to explain how
variation in
discounting
variables can
affect the present
value o f an inco me
stream*
to understand the
relationship a mong
present
consumption,
investment and
future consumption
to define MEC and
explain the
relationship of
interest rate and
investment
decision◎
interest
(1) textbook
(2) past paper
(3) worksheet
(4) computer and
projector
(5) chalk and
blackboard
(6) teaching CDROM
(1) worksheet (1)
(2) essay (1)
(3) test (1)
(4) interactive group
discussion
* group preparation
(1) powerpoint
- marginal
efficiency
- wealth, income
and profit
- Fisher’s
separation
theorem
9
Nam Wah Catholic Secondary School
Work Scheme
vii. to account for the
relationship a mong
wealth, inco me a nd
interest
viii.
to discount an
inco me strea m o f a
capital asset into
its present value
ix. to explain how
variation in
discounting
variables can
affect the present
value o f an inco me
stream*
x. to understand the
relationship a mong
present
consumption,
investment and
future consumption
xi. to define MEC and
explain the
relationship of
interest rate and
investment
decision◎
(1) textbook
(2) past paper
(3) worksheet
(4) computer and
projector
(5) chalk and
blackboard
(6) teaching CDROM
(1) worksheet (1)
(2) essay (1)
(3) test (1)
(4) interactive group
discussion
* group preparation
(1) textbook
(2) past paper
(3) worksheet
(4) computer and
projector
(5) chalk and
blackboard
(1) worksheet (2)
(2) essay (1)
(3) test (1)
(4) interactive group
discussion
* group preparation
(1) powerpoint
- marginal
efficiency
- wealth, income
and profit
- Fisher’s
separation
theorem
xii. t o a c c o u n t f o r t h e
relationship a mong
wealth, inco me a nd
interest
V. Property
Right,
Government
and
econo mic
Organizations
14
7-5-10
to
1. Property
rights and
transaction
i.
to explain the
private property
rights and their
importance to
market exchange
Learning from (1) powerpoint
- exchange with
reading:
encourage students
transaction
to read selected
costs
information
topics of 《制度的
costs
選擇》
(2) surfing the
10
Nam Wah Catholic Secondary School
Work Scheme
13-5-10
cost
ii. to define and
distinguish various
kind of transaction
costs*
i.
15
14-5-10
to
20-5-10
2. Government
regulation
and
dissipation
of rent
to explain the
dissipation of rent *
ii. to analyze, with
the aid of supply
and de mand
diagra ms, the
possible effects of
price and rent
controls
iii. to predict the
possible behaviour
arising from nonprice allocation
iv. to understand the
question of
inefficiency under
non-price
allocation◎
v. to identify direct,
indirect, ad
valore m, unit a nd
lump sum ta xes
vi. to explain the
meaning of tax
incidence
vii. to explain and
illustrate the
distribution of the
incidence of tax
b e t we e n s e l l e r s a n d
buyers under
differe nt de ma nd
and supply
elasticities
viii.
to analyze the
(6) teaching CDROM
following
website
with students
www.econman.net
Nam Wah Catholic Secondary School
Work Scheme
11
effects of a tax on
wealth distribution
and resource
allocation
15
24-5-10
to
28-5-10
3. The nature
of the firm
VI. Social
Cost and
Public goods
16
31-5-10
to
9-6-10
1. Problem of
Externalities
i.
to identify the
possible costs of
organizing
production directly
through the price
mechanism
ii. to account for the
e merge nce of the
firm in terms of
contracts and
saving the
transaction costs of
using the market
iii. to explain the
merits and
demerits of so me
common forms of
contractual
arrangements and
the conditions of
adopting them in
give n e xa mple s
(1) textbook
(2) past paper
(3) worksheet
(4) computer and
i. to define and
projector
distinguish
b e t we e n p r i v a t e
(5) chalk and
cost (benefit) and
blackboard
social cost*
(6)
teaching
CD(benefit)
ROM
ii. to explain, how the
(1) worksheet (2)
(2) essay (1)
(3) test (1)
(4) interactive group
discussion
* group preparation
Learning from (1) powerpoint
- a traditional
reading:
encourage students
approach to the
to read selected
problem
- a brief history
topics of 《制度的
of the problem
選擇》
- a change of
approach
-a
market
Nam Wah Catholic Secondary School
Work Scheme
d i v e r g e n c e b e t we e n
private and social
cost affects
allocation of
resources
iii. to identify the
for ms a nd
problems of
government
intervention for
correcting
externalities
iv. to explain and
apply the Coase
Theorem in
interpreting
econo mic
behaviour
v. to evaluate the
productive
efficiency of a
common property
resource◎
vi. to assess the
efficiency of
productive
activities giving
rise to
externalities, under
the existence of
transaction cost◎
2. Public goods
i.
to define the
characteristics of a
public good
ii. to explain the
problems in the
pricing and
production of
12
demand
curve for a
public
goods
- problems in the
pricing
of
public
goods
(2) surfing the
following
website
with students
www.econman.net/
Nam Wah Catholic Secondary School
Work Scheme
public good◎
11-6-10
to
22-6-10
Final Examination
13