Economic and public affairs

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Economic and public affairs
Traditional Chinese 經濟與公共事務科

Economic and Public Affairs (EPA) is a subject taught in the junior forms of most secondary schools in Hong Kong, either as a separate subject or as a component of combined humanities or combined social studies. The subject is concerned with helping students to develop a basic understanding of economic and political issues, of the economic and political foundations of Hong Kong society, and of their responsibilities and rights as citizens and consumers. In many ways, it is similar to Civics courses which are taught in many other countries, but the syllabus content is almost entirely related to local Hong Kong topics.

Secondary school building and organization where secondary education is provided

A secondary school is both an organization that provides secondary education and the building where this takes place. Some secondary schools can provide both lower secondary education and upper secondary education, but these can also be provided in separate schools, as in the American middle and high school system.

Hong Kong East Asian city

Hong Kong, officially the Hong Kong Special Administrative Region of the People's Republic of China and commonly abbreviated as HK, is a special administrative region of China on the eastern side of the Pearl River estuary in southern China. With over 7.4 million people of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is the world's fourth-most densely populated region.

Consumer Person or group of people that are the final users of products and or services; one who pays something to consume goods and services produced

A consumer is a person or organization that uses economic services or commodities.

Contents

Topics

Topics covered in the EPA syllabus include the following:

Form One:

Rights are legal, social, or ethical principles of freedom or entitlement; that is, rights are the fundamental normative rules about what is allowed of people or owed to people, according to some legal system, social convention, or ethical theory. Rights are of essential importance in such disciplines as law and ethics, especially theories of justice and deontology.

Demographics of Hong Kong

This article is about the demographic features of the population of Hong Kong, including population density, ethnicity, education level, health of the populace, religious affiliations and other aspects of the population.

Form Two:

In developmental psychology and moral, political, and bioethical philosophy, autonomy is the capacity to make an informed, uncoerced decision. Autonomous organizations or institutions are independent or self-governing. Autonomy can also be defined from a human resources perspective, where it denotes a level of discretion granted to an employee in his or her work. In such cases, autonomy is known to generally increase job satisfaction. Autonomy is a term that is also widely used in the field of medicine — personal autonomy is greatly recognized and valued in health care.

Sovereignty concept that a state or governing body has the right and power to govern itself without outside interference

Sovereignty is the full right and power of a governing body over itself, without any interference from outside sources or bodies. In political theory, sovereignty is a substantive term designating supreme authority over some polity.

Education in Hong Kong

Education in Hong Kong is largely modelled on that of the United Kingdom, particularly the English system. It is overseen by the Education Bureau and the Social Welfare Department.

Form Three:

Economy of Hong Kong

As one of the world's leading international financial centres, Hong Kong's service-oriented economy is characterized by its low taxation, almost free port trade and well established international financial market. Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, and pegged to the US dollar. Interest rates are determined by the individual banks in Hong Kong to ensure they are market driven. There is no officially recognised central banking system, although the Hong Kong Monetary Authority functions as a financial regulatory authority.

Trade Exchange of goods and services.

Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. A system or network that allows trade is called a market.

Finance Academic discipline studying businesses and investments

Finance is a field that is concerned with the allocation (investment) of assets and liabilities over space and time, often under conditions of risk or uncertainty. Finance can also be defined as the art of money management. Participants in the market aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be split into three sub-categories: public finance, corporate finance and personal finance.

Options after completing EPA

After studying EPA in Forms One to Three, students who wish to continue exploring the themes covered by the subject can opt to study Economics and Public Affairs and Government and Public Affairs for their HKCEE and HKALE examinations, and to complete the Liberal studies later in Forms Four to Six for the HKDSE (Some secondary school start it earlier - At Form One or Form Two.)

Hong Kong Certificate of Education Examination

The Hong Kong Certificate of Education Examination was a standardised examination between 1974 and 2011 after most local students' five-year secondary education, conducted by the Hong Kong Examinations and Assessment Authority (HKEAA), awarding the Hong Kong Certificate of Education secondary school leaving qualification. The examination has been discontinued in 2012 and its roles are now replaced by the Hong Kong Diploma of Secondary Education as part of educational reforms in Hong Kong.

Hong Kong Advanced Level Examination

The Hong Kong Advanced Level Examination, or more commonly known as the A-level, conducted by the Hong Kong Examinations and Assessment Authority (HKEAA), was taken by senior students at the end of their matriculation in Hong Kong between 1979 and 2012. It was originally the entrance examination in University of Hong Kong until the introduction of the Joint University Programmes Admissions System (JUPAS) in 1992, which made it the major university entrance examination until academic year 2011/2012.

Hong Kong Diploma of Secondary Education academic qualification in Hong Kong

The Hong Kong Diploma of Secondary Education (HKDSE) is an academic qualification offered by the Hong Kong Examinations and Assessment Authority (HKEAA). The HKDSE examination is Hong Kong's university entrance examination, administered at the completion of a three-year senior secondary education. Since the implementation of the New Senior Secondary academic structure in 2012, HKDSE serves as replacement for the previous Hong Kong Certificate of Education Examination and Hong Kong Advanced Level Examination.


Related Research Articles

Foreign relations of Hong Kong

Under the Basic Law, the Hong Kong Special Administrative Region is exclusively in charge of its internal affairs and external relations, whilst the Government of the People's Republic of China is responsible for its foreign affairs and defence. As a separate customs territory, Hong Kong maintains and develops relations with foreign states and regions, and plays an active role in such international organisations as World Trade Organization (WTO) and the Asia-Pacific Economic Cooperation (APEC) in its own right under the name of Hong Kong, China. Hong Kong participates in 16 projects of United Nations Sustainable Development Goals.

Macau Special Administrative Region of China

Macau or Macao, officially the Macao Special Administrative Region of the People's Republic of China, is a special administrative region on the western side of the Pearl River estuary in southern China. With a population of 653,100 and an area of 32.9 km2 (12.7 sq mi), it is the most densely populated region in the world.

One country, two systems constitutional principle of the Peoples Republic of China

"One country, two systems" is a constitutional principle formulated by Deng Xiaoping, the Paramount Leader of the People's Republic of China (PRC), for the reunification of China during the early 1980s. He suggested that there would be only one China, but distinct Chinese regions such as Hong Kong and Macau could retain their own economic and administrative systems, while the rest of the PRC uses the socialism with Chinese characteristics system. Under the principle, each of the two regions could continue to have its own governmental system, legal, economic and financial affairs, including trade relations with foreign countries.

Hong Kong Basic Law constitutional document of Hong Kong

The Basic Law of the Hong Kong Special Administrative Region of the People's Republic of China is the supreme law in the Hong Kong Special Administrative Region and a national law of the People's Republic of China. Comprising nine chapters, 160 articles and three annexes, the Basic Law was adopted on 4 April 1990 by the Seventh National People's Congress and signed by President Yang Shangkun.

Ministry of Commerce of the Peoples Republic of China

The Ministry of Commerce of the People's Republic of China (MOFCOM), is a Cabinet-level executive agency of the State Council of China. It is responsible for formulating policy on foreign trade, export and import regulations, foreign direct investments, consumer protection, market competition and negotiating bilateral and multilateral trade agreements. The current Commerce minister is Zhong Shan.

Elections in Hong Kong

Election in Hong Kong take place when certain political offices in the government need to be filled. Every four years, half of the unicameral Legislative Council of Hong Kong's seventy seats representing the geographical constituencies are returned by the electorate; the other thirty five seats representing the functional constituencies are elected through smaller closed elections within business sectors.

Steven Ng-Sheong Cheung is a Hong-Kong-born American economist who specializes in the fields of transaction costs and property rights, following the approach of new institutional economics. He achieved his public fame with an economic analysis on China open-door policy after the 1980s. In his studies of economics, he focuses on economic explanation that is based on real world observation. He is also the first to introduce concepts from the Chicago School of Economics, especially price theory, into China. In 2016, Cheung claimed to have written "1,500 articles and 20 books in Chinese" during his academic career.

Hong Kong Higher Level Examination

The Hong Kong Higher Level Examination was a public examination taken by students in Hong Kong at the end of Form 6, in preparation for entry to the Chinese University of Hong Kong (CUHK) which then offered 4 year courses. It was different from the Hong Kong Advanced Level Examination taken by Form 7 students, and was usually taken by students from Chinese Middle schools. It was abolished in 1993 when the CUHK changed its courses to 3-years, the same as the Hong Kong University, after the introduction of the Joint University Programmes Admissions System in 1992.

The Hong Kong Human Rights Monitor (HKHRM) is a local non-governmental organisation which was established in April 1995. It aims at promoting better human rights protection in Hong Kong in the aspect of legislation and people's everyday life.

The transfer of sovereignty of Macau from the Portuguese Republic to the People's Republic of China (PRC) occurred on 20 December 1999. Macau was settled and governed by Portuguese merchants in 1535, during the Ming Dynasty. Portugal's involvement in the region was formally recognized by the Qing in 1749. The Portuguese governor João Maria Ferreira do Amaral, emboldened by the First Opium War and the Treaty of Nanking, attempted to annex the territory, expelling Qing authorities in 1846, but was assassinated. After the Second Opium War, the Portuguese government, along with a British representative, signed the Sino-Portuguese Treaty of Peking that gave Portugal sovereignty over Macau, on the condition that Portugal would cooperate in efforts to end the smuggling of opium.

GCE Ordinary Level subject-based qualification conferred as part of the General Certificate of Education

The O Level is a subject-based qualification conferred as part of the General Certificate of Education. It was introduced as part of British educational reform alongside the more in-depth and academically rigorous A-level in England, Wales and Northern Ireland. Those three jurisdictions replaced O Levels gradually with General Certificate of Secondary Education (GCSE) and International General Certificate of Secondary Education (IGCSE) exams over time. The Scottish equivalent was the O-grade. The O Level qualification is still awarded by CIE Cambridge International Examinations, the international counterpart of the British examination Board OCR, in select locations, instead of or alongside the International General Certificate of Secondary Education qualifications. Both CIE and OCR have Cambridge Assessment as their parent organisation. The Cambridge O Level has already been phased out, however, and is no longer available in certain administrative regions.

Outline of Hong Kong Overview of and topical guide to Hong Kong

The following outline is provided as an overview of and topical guide to Hong Kong:

Moral and National Education controversy

Moral and national education is a school curriculum proposed by the Education Bureau of Hong Kong, changed from the moral and civic education. The subject was particularly controversial for applauding the communist and nationalist positions of China's government on the one hand, and criticising republicanism and democracy on the other.

Liberalism has a long tradition in Hong Kong as an economic philosophy and has become a major political trend since the 1980s, often represented the pro-democracy camp, apart from conservatism which often constitutes the pro-Beijing camp.

Hong Kong–Qatar relations Diplomatic relations between Hong Kong and the State of Qatar

Hong Kong–Qatar relations refers to bilateral foreign relations between Hong Kong and Qatar. While both Qatar and Hong Kong are geographically small and in separate regions of the Asian continent, the connections between the two have a long history.