INTRO ECONOMICS

INTRODUCTION TO ECONOMICS

LENGUA INGLESA 5 2023

OBJECTIVE

IN THIS CLASS, YOU WILL: -LEARN SOME BASIC CONCEPTS USED IN ECONOMICS. -LEARN HOW THE DEVELOPMENT OF A COUNTRY IS MEASURED THROUGH THE WELLBEING OF PEOPLE. -REFLECT ON THE IMPORTANCE OF HUMAN DEVELOPMENT INDEX COMPARED TO ECONOMIC GROWTH.

SPEAKING

- How would you define quality of life?-What do you think makes for a high quality of life?- Would you consider moving to another country if you thought the quality of life there would be better? Now, find a partner and get ready for the following task.

The Economist magazine recently carried out a survey into the quality of life in 111 countries according to these categories:

On a scale of 1 (=poor) to 10 (=excellent) how would you grade your own country for each category? How would you compare your country to its neighbors? Tell a partner about your choices. Use some of these structures:

-average income-health and life expectancy -job security and unemployment -sexual equality -climate -political stability and security -political freedom -family life: divorce rate, teenage pregnancies, etc. -community life: church attendance, trade union membership, etc.

which of the categories scored the highest and lowest points?

in economics there are many words that involve synonyms of increase and decrease.in the following task you will find some of them which will help you talk about the quality of life.

breakdown - downturn - lag - rocketboom - lay off - repressive - spring up

complete these sentences about the quality of life. look up the words you don't know.

3.- The economy is ............ at the moment . New businesses are ............ all over the place

1.- We've been really badly hit by the ............ in the economy. Tens of thousands of workers have been ............ this year.

4.- There's more political freedom than there used to be. The government is a lot less ............ these days.

2.- There's been a real ............ in family life over the last 20 years . The divorce rate has ............ , and more and more kids are being brought up by single parents.

5.- Don't talk to me about sexual equality! It's common knowledge that women's wages still ............. a long way behind men's

LAG (v)

MEANINGS

To move or develop slowly or more slowly than other people, organizations, etc.

BREAKDOWN (n)

ROCKET (v)

A failure of a relationship, discussion or system.

To increase very quickly and suddenly.

DOWNTURN (n)

SPRING UP (v)

A time when the economy becomes weaker.

BOOM (v)

To appear or develop quickly and/or suddenly.

To have a period of rapid growth.

breakdown - downturn - lag - rocketboom - lay off - repressive - spring up

answers

3.- The economy is booming at the moment . New businesses are springing up all over the place

1.- We've been really badly hit by the downturn in the economy. Tens of thousands of workers have been laid off this year.

4.- There's more political freedom than there used to be. The government is a lot less repressive these days.

2.- There's been a real breakdown in family life over the last 20 years . The divorce rate has rocketed , and more and more kids are being brought up by single parents.

5.- Don't talk to me about sexual equality! It's common knowledge that women's wages still lag a long way behind men's.

breakdown - defaulted - mess - safebust - dwindled - recession - thing

MORE WORDS

8.- The economy has been in ............ for ages now. Loads of businesses have gone ............

6.- There's no such ............as a job for life anymore. No one's job is ............these days.

9.- There's been a real ............ of community life. People these days just tend to do their own thing.

7.- Since we ............ on our loan from the World Bank, the economy has been in a real ............

10.- Trade union membership has ............ to almost nothing.

MEANINGS

DWINDLE (v)

To become gradually less or smaller..

DEFAULT (V)

To fail to do something that you legally have to do, especially by not paying a debt.

BUST

Period of economic difficulty. ≠boom

breakdown - defaulted - mess - safebust - dwindled - recession - thing

answers

8.- The economy has been in RECESSION for ages now. Loads of businesses have gone BUST.

6.- There's no such THING as a job for life anymore. No one's job is SAFE these days.

9.- There's been a real BREAKDOWN of community life. People these days just tend to do their own thing.

7.- Since we DEFAULTED on our loan from the World Bank, the economy has been in a real MESS.

10.- Trade union membership has DWINDLED to almost nothing.

You are going to watch a video about how the wellbeing of people is measured in a country.Be ready to take notes on some important concepts used in economics and prepare a summary of the video.

What concepts did you consider relevant?

Why were these three specific dimensions selected to be indicators of human development? If you were in Haq’s position, what dimensions would you have selected, and why?

HOMEWORK

COMPLETE THE WORKSHEET CONCERNING THE HUMAN DEVELOPMENT INDEX

THANK YOU!