Course details
Course highlights
- Mark decisive conditions
- Identify ceteris paribus, short or long run, nominal or real, and other constraints.
- Distinguish similar concepts
- Compare common confusions such as demand versus quantity demanded or growth versus development.
- Test with counterexamples
- Change a condition to check whether the concept is genuinely understood.
- Diagram standards
- Handle axes, curve labels, shifts, equilibrium points and values accurately.
- Causal transmission
- Explain how the cause changes behaviour, the curve and the final variable.
- Align diagram and prose
- Ensure the written explanation, diagram and conditions agree.
- Use data as evidence
- Cite values or changes to support inference rather than repeating background.
- Policy trade-offs
- Compare efficiency, equity, stability, growth and short- versus long-run effects.
- Conditional conclusions
- State the evidence, conditions and limitations behind the judgement.
- Infer depth from marks
- Estimate the required changes, explanation and evaluation from the mark allocation.
- Mark the missing link
- Identify absent conditions, intermediate steps or source evidence.
- Answer a variation
- Change policy, direction or market conditions to confirm flexible application.
Course content
- Basic economic concepts
- Scarcity, choice, opportunity cost, specialisation, exchange and economic systems.
- Firms and production
- Ownership, production, costs, revenue, profit and scale.
- Market and price
- Demand, supply, elasticity, market equilibrium and intervention.
- Competition, efficiency and equity
- Market structures, economic efficiency, equity and the role of government.
- Measuring economic performance
- National income, the price level, real data and living standards.
- Money and the macroeconomy
- Money, banking, inflation, unemployment, fluctuations and policy.
- International economics
- Trade, exchange rates, the balance of payments, trade policy and integration.
- Two elective parts
- Monopoly pricing and competition policy; or trade theory, growth and development.
Pricing
Course fees
4 lessons per month 90 minutes per lessonFees by level
- S4
- HK$1,380/ 4 lessons
- S5-S6
- HK$1,560/ 4 lessons