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quality assessment

English or languish - Probing the ramifications
of Hong Kong's language policy

Quality Assessment
Section five

Hong Kong's Bottom Line
The Opportunity Cost of English Language Study in Hong Kong

Table 46 - Cumulative opportunity cost of English language classroom study time per child (base year 2004). graph 78 | table 43 | table 44 | table 45 | tables 47a, 47b, and 47c | table 48 | table 49 | table 50 | table 51 | tables 52a, 52b, and 52c | data collection (tables) | if only there were a market (columns 3 and 5)
				K1 - S7		K1 - S5
Year	Key stage	Grade level	Yearly1	Future value adjustment factor2	Yearly3 (Adjusted)	Future value adjustment factor4	Yearly5 (Adjusted)
			(1)	(2)	(3)	(4)	(5)
1991		K1	929	2.4136	2,243	2.1460	1,994
1992		K2	985	2.2759	2,243	2.0236	1,994
1993		K3	1,045	2.1460	2,243	1.9082	1,994
1994	KS1	P1	2,278	2.0236	4,610	1.7993	4,099
1995		P2	2,416	1.9082	4,610	1.6967	4,099
1996		P3	2,562	1.7993	4,610	1.5999	4,099
1997	KS2	P4	2,864	1.6967	4,860	1.5086	4,321
1998		P5	3,038	1.5999	4,860	1.4225	4,321
1999		P6	3,222	1.5086	4,860	1.3414	4,321
2000	KS3	S1	3,867	1.4225	5,501	1.2649	4,892
2001		S2	4,101	1.3414	5,501	1.1927	4,892
2002		S3	4,439	1.2649	5,501	1.1247	4,892
2003	KS4	S4	5,124	1.1927	6,112	1.0650	5,434
2004		S5	5,434	1.1247	6,112	1.0000	5,434
2005	KS5	S6	6,051	1.0650	6.417	Total	HK$56,788
2006		S7	6,417	1.0000	6,417
				Total	HK$76,702
Note 1: See table 45 for values and method of calculation. (table)
Note 2: Please see note 2 of table 45 for explanation of the future adjustment factor. (table)
Notes 3: Multiplying the value found in column (1) by the value found in column (2) for each year yields the value in column (3) for that year. The value in column (3) represents the value in column (1) at the time of graduation in 2006, if the value in column (1) is reinvested each year until the time of graduation. Summing across all years in column (3) yields the  cumulative worth of a Hong Kong secondary form VII  English language education in 2004 market prices. It is also the opportunity loss to a secondary form VII graduate who does not employ his English language knowledge after graduation. (table)
Note 4: Please see note 2 of table 45 for explanation of the future adjustment factor. (table)
Note 5: Multiplying the value found in column (1) by the value found in column (4) for each year yields the value in column (5) for that year. The value in column (5) represents the value in column (1) at the time of graduation in 2004, if the value in column (1) is reinvested each year until the time of graduation. Summing across all years in column (5) yields the  cumulative worth of a Hong Kong secondary form V English language education in 2004 market prices. It is also the opportunity loss to a secondary form V graduate who does not employ his English language knowledge after graduation. (table)

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