B3U7 Section A

Pre-reading activities
Compound dictation
Listen to a short passage concerning economic crisis and fill in the missing information.
coalition government This week, Germany’s ___________________ agreed to an economic aid package worth about 67 billion dollars. The two-year plan calls for spending on public works and a tax cut for low-income Germans. Critics considered an earlier measure too small to fight the recession in Europe’s largest ________________ economy.
Pre-reading activities
Compound dictation
Listen to a short passage concerning economic crisis and fill in the missing information.
This is the VOA Special English Economics Report.
It’s a recession when your neighbor loses his job; it’s a depression when you lose yours. — Harry S. Truman
Hunger is not the worst feature of unemployment; idleness is. — William E. Barrett
2. Do you have any solutions to economic crisis?
• To go beyond short-term financial rescue solutions; • To seek long-term transformation; • To construct a system in which market forces are checked through ethical regulations and oversight; • To construct a framework of common values.
Pre-reading activities
Watch and talk
2. What is US government’s first response to the economic crisis?
To bailout the banks with TRAP (Troubled-Asset Relief Program) so as to help banks get rid of toxic assets.
Lead-in
Pre-reading activities
Cultural background
1. How does economic recession affect ordinary people?
• Long months of struggles; • Harsh reality; • Losing jobs; • Losing apartment; • Losing high living standards; • Losing status; • Losing belief and self-esteem;
3
Unit 7 Section A
Surviving an economic crisis
FOREIGH LANGUAGE TEACHING AND RESEARCH PRESS AIR FORCE ENGINEERING UNIVERSITY
3
UNIT
7
Economy: Power behind everyday life
3
UNIT
7
Economy: Power behind everyday life
Section A Surviving an economic crisis
Objectives
To talk about economic crisis To further understand the text To apply the phrases and patterns To master the essay writing skill
What was Sue’s former life like?
• • • • A corporation job in a metropolitan city $56000 a year Vacationing in Mexico and Caribbean Graduate business school in an excellent Uni.
Cultural background
Economy
Questions Previewing 1. What is economic crisis? 2. What does mortgage refer to?
Tips
Tips
3. What triggered US subprime mortgage crisis?
Pre-reading activities
Compound dictation
Listen to a short passage concerning economic crisis and fill in the missing information.
Credit has improved in some cases since the worsened in September. financial crisis __________ But falling demand, including reduced demand for oil, has cut trade around the world. The International Monetary Fund recently called for government spending, tax cuts and international cooperation ___________ to support growth.
Cultural background
Economy
2. What does mortgage refer to?
• • • •
A legal agreement; The purchase of real estate; Payment periods; Interest rates.
Cultural background
crisis is claiming The economic ______ another victim: world trade. Last month the World Bank predicted a two percent _________ decrease this year—the largest drop since the 1940s. Economies that depend on exports for growth have been hit hard.
Section A
Surviving an economic crisis
Text study
Main idea & structure
Language focus
Critical thinking
About Sue Johnson
Economic slump Tenant eviction Scrape together Wind up (doing/ +at n. ) Migrant Insurance/ unemployment benefit Expire
Pre-reading activities
Compound dictation
Listen to a short passage concerning economic crisis and fill in the missing information.
To ease credit, the Bank of England last week reduced its main interest rate to one and onehalf percent — its lowest ever. The bank was ___________ established in 1694. Britain’s economy may have _______ shrunk by one percent just in the final three months of last year. The first _________ estimates are expected at the end of January.
Now… Lost last aspect of former life, faced unsure futures
Video Watching
Pre-reading activities
Watch and talk
Pre-reading activities
Watch and talk
1. How do you understand global economic meltdown?
• • • • •
Severe and sudden deterioration; Worldwide recession; Resulting in huge financial loss; Credit crunch; Stock market crash.
Economy
3. What triggered US subprime mortgage crisis?
• • • •
A national banking emergency; A large decline in home prices; Declines in residential investment; Reductions in household spending and business investment; • Mortgage delinquencies and foreclosures; • The devaluation of housing-related securities.
Section A
Surviving an economic crisis
Contents
Warming-up activities Text study Language application
Summary
Section A
Surviving an economic crisis
Warming-up activities
Tips
Cultural background
Economy
1. What is economic crisis?
• • • • •
Sudden downturn; Financial crisis; Falling GDP; Drying up oalling prices.
Pre-reading activities
Watch and talk
Watch a video clip about economic meltdown
and discuss the questions.
1. How do you understand global economic meltdown? 2. What is US government’s first response to the economic crisis?