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Economics
12 sections available · 46 chapters available
Free Economics study notes for Senior Secondary (HKDSE) students. Each chapter breaks down a key concept with examples and practice prompts you can turn into AI drills in the thinka app.
Firms and Production
Ownership of firms
Types/stages of production
Types of goods and services produced
Division of labour
Factors of production
Production and costs in the short run and long run
The objectives of firms
Basic Economic Concepts
Economics as a social science
Scarcity, choice and opportunity cost
The three basic problems
Competition and discrimination
Production and consumption
Market and Price
Law of demand
Law of supply
Market equilibrium
Interaction between demand, supply and price
Price elasticity of demand and supply
Market intervention
Competition and Market Structure
Perfect competition and imperfect competition (monopolistic competition, oligopoly and monopoly)
Efficiency, Equity and the Role of Government
Efficiency
Equity
Policy concerns
Measurement of Economic Performance
National income
General price level as measured by Consumer Price Index and implicit price deflator
Unemployment and unemployment rates
Recent trends of national income, general price level and unemployment in Hong Kong
National Income Determination and Price Level
Aggregate demand (AD)
Aggregate supply (AS)
The determination of level of output and price
Money and Banking
Money
Banks: functions and services
Money creation and contraction
Money demand, money supply and interest rate determination
Hong Kong as a financial centre
Macroeconomic Problems and Policies
Inflation and deflation
Government budget
Business cycles: a description of the short run fluctuations in real GDP around the long run trend
Unemployment
Fiscal policy and Monetary policy
International Trade and Finance
Free trade and trade barriers
Brief introduction to the balance of payments account
Exchange rate
Microeconomics Extension
Monopoly pricing & price discrimination
Anti‑competitive behaviours & competition policy
Macroeconomics Extension
Extension of trade theory
Economic growth & development
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