Post on 23-Dec-2015
WHAT IS ECONOMICS?WHY ARE YOU STUDYING
ECONOMICS?
www.learn-english-today.com
► Videophile
► Person who is very interested in watching videos and making recordings, and values high-quality results
► Screenager
► A young person or teenager who spends a lot of time in front of the computer screen.
► Netizen
► Blend of 'internet' and 'citizen'. A person who spends an excessive amount of time on the Internet
► Infotainment
► Blend of 'information' and 'entertainment'. Online services connected to information and leisure activities.
Watch the videos and think about the reasons for your study.
► http://www.youtube.com/watch?v=XGhcJjIfwhY
► – Why you should study economics
► http://www.youtube.com/watch?v=MMJR_ewHs8o&feature=related
► – Why am I studying economics?
http://www.youtube.com/watch?v=1Bu7QmyfhJ8&feature=related
Watch the film and insert the missing words:Areas of interest to economists are:p_____________________the S__________ marketbusiness and __________ marketinternational __________d__________________t_____________ advanceEconomists look for solutions to problems arising from the movement of ___________ ,
___________ ,and ______________ . They use economic _______________ and _________________ techniques to research issues such as energy ________ , __________ , interest ________ , ___________ and
_____________ volumes and ______________ trends.Economists need to be able to collect __________ , to write up their _______________ and recommendations. Economics with its reliance on ___________ and ________________has been called the dismal
science. It studies how humanity creates ____________ and ________________ .
►Everyday decisions: the clothes you buy, the car you drive, the fact that you are taking this course > economic impact
►We already are economic “players”
► the study of economics helps you become an informed “player”
ECONOMICS
the study of how individuals and governments allocate scarce resources in
an attempt to satisfy unlimited wants
►People’s wants are unlimited
►The resources to satisfy these wants are limited
►People and governments are willing to exchange (trade off) to satisfy the wants
COMPLETE THE BLANKS WITH THE FOLLOWING WORDS:
► economic, economical, economics, to economise, economy
► ____________________ is the oldest in social sciences.► Strikes were damaging the country’s
___________________ .► It is usually more _________________ to buy large
quantities.► A decrease in the _____________ growth was
recorded last month.► Many countries tried to ________________ on fuel.
►RB: p.10,11