投影片 1 - TWGHs Chen Zao Men College

Report
Economic project
Team leader: Lo Ting Hee
members: Mok Chun Fai
Fong Hiu Yi
Wong Hoi Hung
Chan Tsz Wai
keung chingwai
Seven different economics concept
Public good vs Private good
• For the public good,we have lamma fire
station,lamma post office,lamma police
station,they are free.
• For the private good,we have Sok Kwu Wan
Ferry Pier and some shops which is provied
• service to local people and tourist,such as bean
curd shop or special product of the place .
Demand and Supply
• Bean curd shop.When more people want
to eat bean curd,demand increase(Taste
factor),the demand curve(D1) shifts to the
right(D2),hence the producer(shop
owner)will produce more bean curd,so that
the supply curve(S1) shifts to the
right(S2).When quantity demanded is
equal to quantity supplied.The equilibrium
price increase.
Types of production
First, there are three types of production, including primary production, secondary
production and tertiary production.
In Lamma Island, there are both primary production and secondary production, as
well as tertiary production.
Some people in Lamma Island involving in fishing and planting. It is because the
environment of Lamma Island is nearby by the sea and the land’s texture is
suitable for planting, the soil are soft and there are enough rainfall.
Although primary production is not an important character of the economics of
Hong Kong. But in Lamma Island, the gimmick of its is the natural environment and
the nature. It plays an important role in this place. Primary production provides raw
material to both secondary production and tertiary production.
Moreover, there is a big wind power generator in Lamma Island. People work in
there is belong to secondary production.
It turns raw material (fuels) into finishing product (electricity) . Also, the shop selling
seafood also belong to secondary production because it turn seafood into a
yummy dish. It also plays an important role in Lamma Island. Secondary
production provides tools and product to the other productions.
•
Lastly, the food shops in Lamma Island are belong to tertiary production. It
provides services to costumers to earn money. The relationship between it and the
other productions is that, it provides services to them for their productions. It
occurs a main population in those three productions.
Factor of production
Land
• Land is natural resources used in
production. The fish in the sea and the
wind is a kind of natural resources.
Factor of production
Capital
• Capital is man made resources used in
production. In Lamma island the ship for
fishing is a kind of capital.
Factor of production
Labour
• Labour is the physical and mental effort
people put into production. The worker
work in the shop.
Factor of production
Entrepreneurship
• Entrepreneurship is the physical and
mental effort people put into
production.Besides,you should bear the
risk.The owner of the shop is
Entrepreneurship.
Public limited company
• A public limited company can sell its shares
to the public. The number of shareholders in
the public limited company has no upper limit,
but it must have at least one shareholder.
• In Lamma Island, HSBC is a public limited
company in there.
Sole proprietorship
• A sole proprietorship is a business owned by one person.
It is the simple and most common from of business
organisation in Hong Kong.
• Characteristics:
• Owned by one person
• Unlimited liability
• Small scale of business
• Managed by the owner
• In Lamma island the cheese shop is sole proprietorship
free goods
In the island, the beach is one of the free
good .In the beach, there have no
competition and opportunity cost .
Whatever traveler or people live in there.
They can use the beach freely
scarcity , competition and discrimination
• Scarcity implies competition and discrimination.
• Any criterion of competition is discriminatory. There must be winners
and losers.
Owing to the wants of human is unlimited, limited resources are not
enough to satisfy us. It appear scarcity.
Scarcity implies competition
• For example, food shop VS restaurant
• This is include price competition
Scarcity implies discrimination
• There have food shop or restaurant. But we want to eat our lunch in
restaurant not in food shop.
• This is our criterion of competition and this criterion is discriminatory.
• In our viewpoint, restaurant is winner and food shop is loser.
Finally, we ate in B-B Seaview Restaurant
delicious…..
Q&A(1)
• Q:what is the opportunity cost of taking
part in the fieldtrip on Lamma Island?
• A:The opportunity cost of taking park in
the fieldtrip is a school day.
Our 1st choice
fieldtrip on Lamma Island
Our 2nd choice
Go to school and have
school day
Q&A(2)
• Q:Will your answer in(1)change if the
weather on that day is very good??
• A:we will not change the answer in
(1)because the higher value option
forgone is still go to school .
Q&A(3)
• Q:will your answer in (1)change if the
weather on that day is very bad??
• A:The answer in (1) will change if the
weather on that day is very bad. It is
because when the weather on that day is
very bad , the fieldtrip will cancel .The
higher value option forgone will change to
a school day.
Reflection(All)
Last Friday, all form 4 students have to go to Lamma Island for
researching and on-the-spot investigation to do the project
learning of LS and economic.
When we got on a boat, we started to take photo and preparing
all the stuffs. When we took off the boat, we felt it is amazing
because the view of Lamma Island is great and pretty good.
We walked passes the side-street and mark down all the detail
we needed. We were happy that the shop’s owner was nice to
giving us information. Also, we wanted to thank to the
enthusiastic person who helped us to go to the Tin Hau Temple.
We were lost in somewhere and we could not find the correct
way to get out from there. And this person gave us the correct
direction and lastly we can find it.
Then,we went to the big wind power generator, just felt good
and it is a tall building we have not seen in the city-side. It only
appears in the countryside far away from city. We learnt a lots
from it because there were some introduce on the display board.
If Hong Kong build more building like this which provide
reusable energy to the citizen, the pollute will be reduced.
Then we went to a sole proprietor shop to have lunch.
Although the environment was not good, the price of the food
was reasonable and the shopkeeper was nice and we felt relax
while we were talking.
Also, we had go to the beautiful beach for on-the-spot
investigation. We knew more about the environment of
Lamma Island. It really provides a good environment to
the fisher fishing. It can increases the labour
productivity of the fisher under the good conditions.
Hence, we can enjoy more delicious seafood!
Nearby the beach, there were a space which for people
planting some flower and enjoy the contryside life style
different from the city. But the fee was expensive and we
had no enough money to pay for. Anyway, the place was
picturesque and full of the sweet smell of flowers. We all
love this place!
After we finished all the works, we went to somewhere
else for a walk. We took many photoes and recorded
some video while we went to different places. Also, we
found that many shops in Lamma Island were run in sole
proprietorship and the stock were almost by handmaking. We had buy some for supporting the creative
industry.
All in all, this trip is fun and we have learn a lots of
things when us doing the on-the-spot investigation. We
hope that there will be other chance like this in this year
because we love it! We can study in outside by this
chance and not trap in the classroom anymore.
Reflection ---- Lo Ting Hee
During the Lamma Island trip, I know more about the
culture and life of the resident in Lamma Island. They
leave away noise and excitement big city but live in
peaceful small island. I very admire their personality.
They are very kind and helpful.
Besides, I know this is a special outdoor learning
experience. I very enjoy it. I play and learn with my group
members happily together. I also take many photo during
the trip. I look forward next time we will also have similar
outdoor learning experience!
Reflection (Ray Mok)
Although I felt not good when I got
on the boat for twice, this trip is
really memorable. Most frighten is,
the street was narrow and lots of
car cross it. It made me afraid of
having an accident. I also bought
a small bookmark which is handmade, and it was exquisite and
my buddies love it too!
Reflection(Chan Tsz Wai)
During the trip, I learn a lot. For
example I improve the economic’s
concept .However there are also
some difficulty when we doing this
project .For example there are
some misconception between
us. Luckily ,the problem finally
being solved
Reflection(Keung Ching Wai)
• After the trip, I learn that we should save energy. The
power station pollute a lot of carbon dioxide. Air pollution
is mainly caused by power station. Besides, global
warming is a serious problem in the world. The ice cup is
melt. This will raise the sea level. We have responsibility
to protect our earth. The government should develop
wind power to produce electric power in Hong Kong. It
neither give out carbon dioxide nor use less fossil fuel.
Reflection(Wong Hoi Hung)
• It is a opportunity for us to learn the others
life style.Comparing with resident of
Lamma Island,the pace of life of us must
be faster than them.However,they also
need earn profit to live.In their case,they
are autarky so they will not being worry too
much for losing their work.They really
have a simple life style,as they don’t have
many rivals in their life!
Reflection(Fong Hiu Yi)
• After the fieldtrip of Lamma Island, i know more
about the economic scale of the fishing village.
There are a lot of firm is sole propriership and
there are few multiple shop in Lamma Island.
Besides, the resident in Lamma Island is mainly
depend on fishing and tourism to earn a living. If
the weather is very bad, the fisherman can not
fishing and the tourist will decrease. Therefore,
the bad weather will affect the income of the
resident in Lamma Island.

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