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HW check: Economics vs. economy RB p 14, VI: Fill in the blanks 1, 2, 4, 6, 16, 18, 19 (1), 23, 21 – economic 3, 7, 10, 12, 15, 19 (2) – economy 5, 9, 11, 24 – economical 8, 13, 20, 25 – economics 17, 26 – economist(s) 22, 27 – economise VII Sort out the words - theoretical, Keynesian, classical, applied economics -international, booming, healthy, black, fragile, global economy SENTENCES?

Briefly discuss in pairs Do you think everybody should have some knowledge of economics? Why? In what way do you think knowledge of economics can help people in their lives? - (make a list) What is the difference between economics and business? What do economists do? - (make a list)

Why economics? RB, p II Before reading Why Economics match the words/phrases to the explanations. III Skim the text and decide which paragraphs should be given the following headings. Each heading reflects the main idea presented in the paragraph. IV Start reading the text, check your predictions and write the headings on the blank lines. Then, choose the correct bold-typed words. HW: FINISH task IV at home + all tasks on p 19

Why economics? RB, p HW check: IV Headings and correct bold-typed words: 1 ____________________ 2 ____________________ economic - economics - economics 3 ____________________ scarce 4 _____________________ economy – economic – economize – economics 5 _______________________ economics 6 ______________________ 7 __________________ economy – economy 8 __________________________ 9 __________________ economics Informed voting – civic duty Impact on personal life Chief interest of economics Scarcity of resources /skeәs/ /ska:s/ Careful allocation of resources Research topics in economicsScientific tools and methods economic - economic Discovering an objective reality?Obstacle: clinging to... /skeәsәti/

Word partnerships used in the text: Which word partnerships were used in the text? Try adding words to recreate them (noun / adjective + noun): foreign t_ _ _escarce r _ _ _ _ _c_ _ income d _ _ tr _ _ _ _ _ _ _common s_ _s _ government b _ _ _ _ _ wage d_ ff _ _ _ _ _ _ _ _ economic f _ _ _ _ _a square m_ _l nest e _ _ scientific t_ _ _h economic gr_ _ _ _ higher-paying o_c _ _ _ _ _ _ _ _ middle c _ _ s _

Other useful phrases (with verbs and prepositions) make decisions _ _ the government budget master the b_s _ _ _ of economics economic forces a _ _ _ct wages economics c_ v_ _ _ many topics allocate r_ _ _ _ _ _ _ _ economize _ _ consumption affect economic g_ _ _ _h issue v_l_ _ _ _ of data collect data _ _ wages employ statistical t_ _ _ _ _qu _ _ rely _ _ experiments to explain

Reading techniques Skimming and scanning Skimming – getting the rough idea (headline, subtitles, visuals → form an idea about the text) Scanning – looking for specific information: (e.g. key words/key sentences i.e. topic sentences – RB p 77)

A scanning exercise  RB, p 74 Scan the job ad and identify: 1 address to which applications should be sent 2 language requirements 3 deadline for applying 4 info on salary and benefits offered 5 is a PH.D. required Why is this job ad here? One specific reason. Can you identify it?... ability to draft well-structured notes within strict deadlines. Is this requirement surprising?

Why are notes taken? (RB, p 75) Information important for making business decisions We are swamped with information Notes save time When are notes taken? What is note making? Preparing the notes for somebody else. Consider the purpose, priorities, show clear structure.

Which of the three would you prefer learning from?(1) Extrasensory perception includes means of perceiving without use of sense organs. Here we speak about telepathy, that is, sending messages, clairvoyance, which is about forecasting the future, and psychokinesis, which is about perceiving events external to situation.

Which of the three would you prefer learning from?(2) EXTRASENSORY PERCEPTION definition:means of perceiving without use of sense organs 3 kinds:a) telepathy: sending messages b) clairvoyance: forecasting the future c) psychokinesis:perceiving events external to situation

Which of the three would you prefer learning from?(3)

Example of a mind map (4) Main Concept Idea Details

Charting method (5) PeriodImportant peopleEventsSignificance F.D.RooseveltWWIIUSA involvement...

TAKING NOTES WHILE READING (RB, 75-76) Five-step procedure: SKIM to get the rough idea of the content (title, introductory paragraph, pictures?) SCAN to spot the essential: underline the main points (key words, topic sentences) GIVE HEADINGS (identify main idea of each pg) GROUP PARAGRAPHS (how many parts of the text? headings, subheadings?) READ TO ESTABLISH LOGICAL RELATIONS between parts of the text ↓ STRUCTURE! (Logical relations are expressed by signalling devices) RB, p 76

Example text – identifiying the structure using signalling devices Free trade is a policy in international markets in which governments do not restrict imports or exports... There are many arguments for allowing free trade among nations. Firstly, it allows specialization and it will lead to greater productivity. Secondly, it provides greater choice, better quality and lower prices... However, arguments against free trade should also be considered. There is the infant industry argument which... For instance, a newly founded industry... In conclusion, it is clear that free trade...

Example structure: Free trade (pg 1) Arguments pro (pg 2) vs.Arguments con (pg 3) 1specialization1 infant industry 2 + effects of e.g.... competition Conclusion (pg 4)

Back to making notes!

Benefit from work already done TACKLE EACH PARAGRAPH SEPARATELY: 1NUMBER the paragraphs 2SCAN each paragraph and underline the essential, key sentence(s), words & phrases 3GIVE A HEADING to each paragraph (Why is it here? What is unique about it? What does it contain that cannot be found in the rest of the text?) BEEN THERE – DONE THAT  3a Identify the subheadings in pg 7  Piece of cake!  → Making notes on WHY ECONOMICS?

HEADINGS Informed voting – civic duty Impact on personal life Chief interest of economics Scarcity of resources Careful allocation of resources Research topics in economics Scientific tools and methods Discovering an objective reality? Obstacle: clinging to familiar theoretical conceptions SUBHEADINGS ObservationEconomic analysis Statistical analysisExperiments

TEAMWORK: Use the layout given on the handout. Expand the notes by adding necessary details and examples. (see the next slide for guidance) Why economics?(SPACE IT OUT!) 1 informed voting (civic duty) 2 impact on personal life (quality) Chief interest of economics Scarcity of resources → Careful allocation of r. Scientific tools and methods...→ handout

e.g. Why economics? 1 Informed voting – civic duty - govt. budget - legislation - tax and foreign trade policies 2 Impact on personal life - choosing occupation (impact on earnings) -... pls. continue

THREE SECTORS OF THE ECONOMY RB, pp MK U 7

THINK OF JOBS WHICH DEAL WITH… EX_ _ _ _ _ ING… HAR _ _ _ _ _ _G… OR GA _ _ _ _ _ _ _… …RAW MATERIALS FROM THE EARTH THE PRIMARY SECTOR Match with pictures: forestry, mining, fishing, quarrying, agriculture, oil drilling T R A CT V E ST I N T H E R I NG

THINK OF JOBS WHICH DEAL WITH… EXTRACTING… HARVESTING… OR GATHERING … …RAW MATERIALS FROM THE EARTH THE PRIMARY SECTOR miningagriculturefishingquarryingforestryoil drilling

WHAT DO THESE INDUSTRIES HAVE IN COMMON? metal working and smelting, automobile production, textile production, chemical and engineering industries, aerospace manufacturing, energy utilities, engineering, breweries and bottlers, construction, shipbuilding SECONDARY SECTOR

THE SECONDARY SECTOR 1.SMELT 2.WELD 3.PROCESS 4. BREWWhich nouns can follow? 5.ASSEMBLE e.g. to smelt ore 6.CONSTRUCT to weld metal 7.MANUFACTURE 8.PRODUCE …

WHICH OF THESE SERVICES ARE IMPORTANT FOR YOUR LIFE? INSURANCE GOVERNMENT BANKS RETAILING EDUCATION HOSPITALITY INDUSTRY TRADE NEWS & MEDIA CONSULTING LEGAL PRACTICE REAL ESTATE HEALTHCARE TRANSPORT ADVERTISING ICT TERTIARY (SERVICE) SECTOR / t ɜ :r ʃ əri or t ɜ :r ʃ iəri /

The tertiary sector evolves... INSURANCE GOVERNMENT BANKS RETAILING HIGHER EDUCATION HOSPITALITY INDUSTRY TRADE CULTURE NEWS & MEDIA CONSULTING LEGAL PRACTICE REAL ESTATE HEALTHCARE TRANSPORT ADVERTISING ICT R&D QUATERNARY SECTOR: Information and knowledge-based services

Three sectors of the economy  Read the text in RB, p 20: I HW: pp 20, 21 & 22

FINISH THE SENTENCE… Primary sector involves... extracting raw… materials and natural resources from… the earth. Secondary sector includes manufacturing, processing and construction which transform raw… materials into… goods. Tertiary sector involves the provision of… services. Quaternary sector is an extension of... the tertiary sector. It provides information and... knowledge-based services.

WHICH SECTOR DO THEY WORK IN? FARMER LAWYER BLUE-COLLAR WORKER NURSE WAITRESS BUSINESS CONSULTANT CONSTRUCTION WORKER SHIP BUILDER HAIRDRESSER MINER LUMBERJACK ACTOR SOFTWARE DEVELOPER 2. Which sector do you intend to work in?

HOW MUCH DO YOU KNOW ABOUT…? manufacturing (production of consumer goods) today its historic and geographical features outsourcing & labour costs job security nowadays HW: Go to p 24 in RB to find out more. Read: Where did all the jobs go? Read the topic sentences Read the topic and the last sentences Read the whole text pg. by pg. While reading do the vocabulary task. Complete the notes on p 25.

HW (Week 2 - a summary): Why Economics? RB pp Three Sectors of the Economy Tasks on pp: 20, 21 & 22 in RB Read the text on p 24, do voc. exercises and complete the notes on p 25 in RB