WINTERTemplateUnit 26 – 28

Keynesianism & Monetarism

International Trade

Economics & Ecology

01

Week 14 – Business English 2

Professor Hayashi

- attendance & homework (Facebook friends)

- review presentation

- Unit 26 (Keynesianism & Monetarism)

- Unit 27 (International Trade)

- Unit 28 (Economics & Ecology)

Today’s Class

In partners, do exercise 1b on page 150

ANSWERS:

1.F

2.E

3.D

4.A

5.C

6.B

Unit 26

Unit 26

Unit 27

Unit 27Listen up! Exercise 2A, pg. 1581.Formerly, the less developed countries were against free trade because they didn’t have competitive manufacturing industries.

2.Countries like South Korea and Malaysia are competitive today because they’ve been able to import technology from the rich countries, educate their labor force, and set up an infrastructure.

3.Free trade is disruptive; in other words, it causes big economic changes, such as the closing down of an entire industry in a country, as the product begins to be made more cheaply somewhere else.

4.The advantage of free trade is that it leads to more efficiency and output.

5.People in industrial countries can only put up with the disruption caused by free trade if they can quite quickly find a new job.

Unit 27A Korean Context

In your groups, create a short presentation based on your assigned question.

Unit 27

Unit 28Partner up and chat! Go through the questions on page 161 and have a discussion on how green you are.

Unit 28Do the vocabulary exercise 2A on page 162ANSWERS:1.emissions2.waste3.disposal (to dispose of)4.environmentalist5.eco-efficiency

Do the vocabulary exercise 3A on page 164

ANSWERS:1. economical2. uneconomical3. economy4. economics5. economists6. economize7. economize

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Homework- Organize a study group for the final exam

- Choose a day/time to study & review together

- Hand in a sheet next week with your group members name and planned study time(s)

- Receive a professionalism point for posting a photo of your group studying within the next two weeks on Facebook