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Chapter 1 Basic Economic Concepts
Skills Check‧Diagram reading: Circular flow model
Inspiring Video: Concept of opportunity cost
Flipped Classroom: Nature of economics
Flipped Classroom: Circular flow of economic activities in an economy
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Chapter 2 The Three Basic Economic Problems and Private Property Rights
Flipped Classroom: The three basic economic problems
Skills Check‧Data interpreting: The three basic economic problems
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Chapter 3 Ownership of Firms
Inspiring Video: Private enterprises
Skills Check‧Data interpreting: Features of different forms of ownership
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Chapter 4 Production and Division of Labour
Inspiring Video: Production activities in Hong Kong
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Chapter 5 Factors of Production
Inspiring Video: 'Land'
Inspiring Video: Entrepreneurship
Skills Check‧Data interpreting: Information about different wage payment methods