1. VOCABULARY TEST

2. Sources and scope: 1.Business This Week (The Economist) 2.Doing Business (World Bank) 3.Search for Talent (The Economist) 4.Bad, or worse (The Economist) 5.Good Food (The Economist) 6.Subprime Mess slides (source unknown) 7.The World is Flat (T.Friedman)

3. How to prepare?  Read full texts/notes again  Explain the meaning of the words in your own words and give an example for them (context)

4. Types of exercises  Compare X and Y/Similarities and differences of X and Y /Advantages and disadvantages of X and Y. Use the following words:....  Explain X.(Use the following words...)  Explain the meaning of the following sentence. Focus on the underlined words.  Explain the meaning of the following words/expressions:  Fill in the missing words:  Find synonyms/opposites for the following words/expressions  Write down the following acronyms/abbreviations in full: ...

5. Words to revise (incl. the context)  Business This Week (The Economist, 6th Sept, 2008): dispute, appoint, step down, oversee, chief executive, merger, take over, shed, securities fraud  Business This Week, Th e Economist, 15th Nov, 2008): illiquid assets, foreclosure, bail-out (of a bank), collateralised debt, yield (in finance), against

6. Words to revise (incl. the context)  Good Food? (The Economist, 2006): ethical food, ballot box, organic food, subsidy, local produce  It’s time (The Economist, 1 Nov, 2008): undisputed, cast vote, budget deficit, entitlement programme, curb, cronysm, tax cuts, capital gain  Subprime mess (source unknown): mortgage, downpayment, interest rate, repay the loan, lend money, security, AAA (BBB etc.), SEC, balance sheet