EDD 5165A

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EDD 5165A Information Technology in Education
Presentation Package
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Group members
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Subject Economics Topic Factors of productions
(capital) Instructional Objectives -to
define the four factors of production. -to
identify capital, state the characteristics and
different types of capital.
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Background and student characteristics -this
presentation package was designed for band 3 or
band 4 form 4 students who have low incentive to
learn. (Thats why a lot of pictures were
used). -We assumed that the other 3 factors of
production were taught in last lesson so that a
revision on the 3 factors was given before the
start of teaching capital.
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Students previous knowledge - the definition of
labor, land and entrepreneur. - the concept of
opportunity cost. - the concept of production.
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FACTORS OF PRODUCTION
FACTORS OF PRODUCTION
Ah Fai
Sandy Lee
Dennis Leung
Priscilla Lam
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Labour
Factors of Production
Land
Capital
Entrepreneurship
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LABOUR
LABOUR
Human effort , Both mental and physical, used in
production.
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LAND
LAND
Resources provided by nature are land.
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ENTREPRENUERSHIP
ENTREPRENUERSHIP
The function performed by the entrepreneur who
makes all the major decisions, bears risk and
involved in managing the business.
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CAPITAL
CAPITAL
All resources that are made by men to assist
production are capital.
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Is it capital?
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Is it capital?
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Is it capital?
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You are wrong, please try again
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You are WRONG!
You are RIGHT, or...
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If the car is used as a taxi!
TAXI
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If the car is used for private purpose without
involved in production.
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CHARACTERISTICS OF CAPITAL
CHARACTERISTICS OF CAPITAL
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Is it capital?
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CAPITAL
CAPITAL
All resources that are made by men to assist
production are capital.
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Very GOOD!!
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Characteristic of Capital
1. made by men
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Characteristic of Capital
2. Increase productivity of other resources
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Super Semi-robot-computer -- Mr. Z
You cannot imagine how helpful he is!!!
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I MUST buy Mr.Z to facilitate my production!
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Capital involves opportunity cost

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Characteristic of Capital
3. Involve opportunity cost
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Types of Capital
by looking at the ownership
Capital
Private Capital
Social Capital
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Oh ! LEON
Is LEON capital ?
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Sorry ! I am not capital
What we focus is the mic that LEON hold
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WHY??
The mic used by LEON is private capital
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I can use this mic , to make my show more
efficient!! It is my capital.
Private capital is the capital owned by private.
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Government will build more road and railway
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New road
NEW ROAD
Railway
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Welcome !!! New road and railway can shorten the
time on traffic


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Both road and railway are social capital as they
are owned by
Hong Kong SAR government
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Conclusion
Conclusion
CAPITAL?
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What are the characteristic of capital ?
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1. It is made by men
2. It can increase productivity
3. It involves opportunity cost
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How can we divide different capital?
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It can be divided into social capital and
private capital depends on the ownership of the
capital
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THE END