1. Intro Do you agree with Samuelson that everybody should have some knowledge of economics? Why? r__ up against... i_____ the nest egg... so that the d___ of life are not loaded against you??? More figurative language? What do economists do? Tools? Skills? How is that important? un nvest ice

2. Why economics? Exchange RB’s and check your neighbour’s hw on pp 12 & 13.

3. Why economics? HW check II Number paragraphs 1 – 13 Pg 2: economic, economics, economics Pg 3: scarce Attn: [ skeәs ] Pg 4: economy, economic, economize, economics Pg 5: economics Pg 6: economy, economy Pg 7: economic Pg 9: economic Pg 11: economic Pg 12: economics

4. III Terms that primarily belong to the language of economics and business -Get into teams (4-5 people) -Compile a list of terms to hand in ( 3 min) -What’s missing on your colleagues’ list? -Close your RB’s IV Tic Tac Toe

5. Reading the whole text you may need to take / make notes... Also, while...... listening to a lecture...... attending a meeting...... interviewing a candidate...... making slides for a presentation...

6. Why are notes taken? Information important for making business decisions We are swamped with information Notes save time → RB, p 62

7. 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.

8. 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

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

10. Example of a mind map Main Concept Idea Details

11. Charting method (cont.) PeriodImportant peopleEventsSignificance 1941-45F.D.RooseveltWWIIUSA involvement...

12. TAKING NOTES WHILE READING 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 63 & 65

13. → WHY ECONOMICS? 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?)  Piece of cake! 

14. Giving headings Team up and identify main headings (ideas) A Scientific tools and methods B Scarcity of resources C Discovering an objective reality? D Informed voting – civic duty E Chief interest of economics F Impact on personal life G Careful allocation of resources H Obstacle: clinging to familiar theoretical conceptions I Economic research topics (examples) Identify subheadings for pgs 8-11

15. Time to take a break http://www.youtube.com/watch?v=Lin-a2lTelg

16. 4 SUMMARIZE THE TEXT IN NOTE FORM read paragraph headings again and establish relationships between main ideas organise the main ideas visually (Chronological organization? Cause-effect? Problem-solution? Claim-illustrations-conclusion?) use a clear visual layout and symbols, bullets, abbreviations (lists of symbols and abbreviations → RB, p 63 & 65)

17. For example: 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... pls. continue to include all paragraphs

18. HOMEWORK: expand the notes by adding necessary details and examples HAND IN! 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