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Report of F.4 Fieldtrip on Lamma Island

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F.4A Tie Size Jing (9) Tang Chung Hen (24) Leung Chin Long (18) Lai Sin In ( 33 ) Sung Man Hok (3) Yuan Ka Lai ( 42 ) – PowerPoint PPT presentation

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Title: Report of F.4 Fieldtrip on Lamma Island


1
F.4A
Report of F.4 Fieldtrip on Lamma Island
Tie Size Jing (9)
Tang Chung Hen (24)
Leung Chin Long (18)
Lai Sin In ( 33 )
Sung Man Hok (3)
Yuan Ka Lai ( 42 )
2
Index
  • Private goods and public goods in Lamma Island
  • Economic goods and free goods in Lamma Island
  • The three types of production in Lamma Island
  • The three basic economic problems in Lamma Island
  • Mobility of labor of the foreigners
  • Demand and Supply in Lamma Island
  • Elastic demand in Lamma Island
  • Opportunity cost in Lamma Island
  • Reflections of each members

3
Private goods and public goods in Lamma Island
Erm.Lets us find out the private goods and
public goods together !!
Sung Man Hook , I am so boring !!!! What can I do
for the project ?
Okay !!!
4
Private goods and public goods in Lamma Island
Let me tell you !!! I am the most smart boy in
the Lamma Island ?
But first of all , what is private goods and
public goods?
5
Private goods and public goods in Lamma Island
  • Private goods are goods that are rival and
    excludable.
  • Public goods are goods that are non rival in
    consumption and non excludable.

6
Private goods and public goods in Lamma Island
Thank you Sung Man Hook You are really so man
!!!
You are welcome ! Lets check it out the private
goods and public goods !
7

This store is the private good because it is
belongs to the owner of this shop. So that , this
store cant be able to all the people. If we
enter it we have to ask the owner but it is a
store , so the owner may not reject us to enter !
8
Yaw I know ! I know ! This pier which is behind
us the the public goods because we can use it
freely.
9
Economic goods and free goods in Lamma Island
Besides the private goods and public goods, is
there have another kinds of goods ?
It has economic goods and free goods.
Then, what is meaning of them ? Can you give me
some examples ?
Sure.
10
This is an economic good, because it help us to
collect the energy and its energy wast enough to
satisfy all human wants.
11
And it is an economic good, because the whole it
seems that only this one on Lama Island Health
Center
12
I know !!! Then it must be a free good, because
there is no admission fee
13
The three types of production in Lamma Island
  • Lala

Dont you see that ?
Why are you so exited? Are you silly or?
14
Fisherman's who is fishing in Lamma Island ! You
see !
Yaw , I know , It is primary production , it
refers to the extraction of natural resources and
production of raw materials .
15
Lets check out the latest novel which is written
by MR. CHONG !!!
16
Wait a moment ! Do you know what is the type of
production we are going to use?
I know ! It is ttertiary production which is
refers to the provision of services. We can
borrowed book in The North Lama Public Library
17
How about this?
18
And this?
19
Or this?
20
They are secondary production , primary
production and secondary production !
21
The three basic economic problems in Lama Island
Is any boby know what is the The three basic
economic problems in Lama Island ?
22
The three basic economic problems in Lama Island
  • -1.The resource is rarely seen in the Q1,because
    the resource is rarely seen,so many goods they
    have to buy from other place. 
  • -2.Land shortage In the Q2,because the land
    shortage ,so they cant to build more stop.
  • -3.Population shortage
  • In the Q3,because they cant have many people
    to job ,so the owner cant have more choose.

23
Mobility of labor of the foreigners
Yes ! But why are they live here ?
Do you find that there are many foreigners live
here ?
24
(No Transcript)
25
  • Mobility of labor 1.Government policies on
    foreign labor and immigration. Relaxing
    immigration eligibility will increases labor
    mobility. 2.wages occupation with higher wages
    in hong kong will increses labor mobility. 3.
    great working environment. Lamma Island is the
    one of the best charming islands in Hong
    Kong.There is a beautiful view either peaceful
    enviroment. 4.cultural Lamma lsland have
    characteristic a Western style of restaurant or
    teahouse.

26
Demand and Supply in Lamma Island
Thank for your answer !
27
Actually , Its time for lunch !
We have to find something to satify our demand !
Lets us walk around and find dome snacks to eat!
28
Demand and Supply in Lamma Island
  • Supply and demand is an economic model of price
    determination in a market. It concludes that in a
    competitive market, the unit price for a
    particular good will vary until it settles at a
    point where the quantity demanded by consumers
    (at current price) will equal the quantity
    supplied by producers (at current price),
    resulting in an economic equilibrium of price and
    quantity.

29
Demand and Supply in Lamma Island
  • For example
  • We visited the Lama Island to watch the windmill.
    On that day, we went there by boat. We have lunch
    and some sweetmeats on Lama Island. We also buy
    some goods there.
  • The demand of the food and good in Lama Island
    increased at that time. More people need the food
    and good. So the equilibrium price increase and
    the equilibrium quantity increase.

30
Elastic demand and in Lamma Island
After having our meal , where should we go ?
Lets have a cup of sweet tea !
31
Elastic demand and Inelastic demand in Lama Island
Are you kidding on me ? WE HAVE JUST EATEN OUR
MEAL !
32
Elastic demand in Lamma Island
Stop auguring !!!! The girls are disappear! How
can we do our Economics project now?
33
Yup!!!
Lets have some chocolate !
Lindor Chocolate please!
Which chocolate would you like to buy?
You have develop the interest on the Lindor
Chocolate?
34
What is the meaning?
Sothe elastic demand will tend to lower !
35
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36
Elastic demand in Lamma Island
  • Because of the interest developed on Lai Sin In ,
    thus , the elastic demand will tend to be lower.
    The consumershabit is the one of the factor of
    the elastic demand. Besides , the availability of
    substitutes also is one of the factor. If Lai Sin
    In have less interest in Lindor chocolate , then
    she have find another kind of chocolate to
    replace Lindor chocolate then the elastic of
    demand will tend to be higher .

37
Elastic demand in Lamma Island
  • We can also have another example of the elastic
    demand, for example, the windmill in lamma
    island. It can provide electric for us but not
    all energy in HK is provide by the windmill. We
    can have another substitutes to replace it. So
    that , the elastic demand is higher.

38
Opportunity cost in Lamma Island
This is the end of our field trip its so sad,
the time fly pass.
The girls are here.
39
Opportunity cost in Lamma Island
And what is the opportunity cost of this flied
trip ?
40
Opportunity cost in Lama Island
41
Opportunity cost in Lama Island
42
Opportunity cost in Lamma Island
  • Opportunity cost means that the highest-valued
    option forgone. The opportunity cost of taking
    part in the fieldtrip on Lamma Island is the
    lessons we should have on Thursday. Also, due to
    the time spent on the trip is longer than in
    school, the activities such as tutorial and
    extracurricular activity after school will be the
    opportunity cost.
  •  The opportunity cost of it will decrease because
    the value of visiting on Lamma Island increase,
    so the things needed to do on Thursday which is
    the highest-valued option forgone will decrease.

43
Opportunity cost in Lamma Island
  • The cost of taking part in the fieldtrip on Lamma
    Island remain unchanged because visiting on
    Lamma Island is not the highest-valued option
    forgone.

44
Lets say cheese and take a sharp photo !!!!!
45
I had a nice day the Lamma Island. It was the
best day in my F.4 school life. I have a sweet
memory ever!!!! After this field trip , my
relationship with Classmates are improved. By
the way , I put a great effort in this
powerpoint. It is a difficult task to do And now
is 3 a.m., I have to go to sleep. See you !
46
Visit the CORE DAY for Lamma Island, we learn
more about the economics of things. to
experience, it helps learning, it is looking
forward to next year's CORE DAY learn more.
47
During this fieldtrip, I know that Lamma Island
have many different kinds of shops and
restaurant. In the past, I just thought that
Lamma Island is undeveloped and like a small
fishing port. After the trip, I know that Lamma
Island is a excellent tourist attraction.
Besides, I learn that members cooperation is
very important.    
48
  • After this times a day of Lamma Island
  • investigate in the days to come,
  • we succeed at the book outside of the
  • path in many ways understand Lamma
  • Island condition.If the energy generates
  • electricity, country fair etc..Also understand
  • a Lamma Island local customs and tradition,
  • it make me benefit very many.

49
  • During this core day, i learn more things
    from the core day. that day ,we go to the lamma
    usland. it was my frist time to go lamma island
    ,i was very exiting. i like the view of lamma
    island. there was a peaceful place that i love.
    after doing this project. i know more abour my
    calssmate and we work together hardly.

50
  • I feel very happy after went to Lamma
    Island. I love this place and I haop I will can
    go there again

51
Our Division of labor
  • Powerpoint making Tiu Sze Jing
  • Typing Tiu Sze Jing
  • Photo taking Lai Sin In , Tiu Sze Jing ,

    Leung Ching Long
  • Photo designing Tiu Sze Jing
  • Workout ---
  • 1Demand and supply Sung Man Hok
  • 2Opportunity cost Leung Ching Long
  • 3Economic Goods and Free Goods Lai Sin In
  • 4Types of production , Mobility of labour Yuen
    Ka Lai
  • 5Private goods and Public goods , Elastic demand
    Tiu Sze Jing

52
Thank you for your watching and I hope all of you
will enjoy this powerpoint
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