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Unit7EconomyandTrade
Session1
Session1
Overview
Contents
Listeningfocuses
Speakingfocuses
Topic1:Whatiseconomics?
Listeningforgist
Topic2:Theparadoxofvalue
Listeningforgist
Listeningforspecificinformation
Listeningforlanguage
Makingandexplainingdecisions
Topic3:AnIntroductiontoAdamSmith’sTheWealthofNations
Listeningforgist
Listeningforspecificinformation
Listeningforlanguage
Explainingacourseofaction
Topic4:Rethinkingprogress-thecirculareconomy
Listeningforgist
Listeningforspecificinformation
Listeningforlanguage
Talkingaboutconditions
Topic1Whatiseconomics?
(1’26”278words)10mins
Task1Warm-up
Teachingtip:
Aquickcheckofseveralstudents’answerswillsufficetoleadinthetopic.Noneedtospendmuchtimehere.
Task2Listeningforgist
Keys:
Toexplainwhyresourcesarescarce.
Economicsisastudyofhowoursociety,asawhole,usesitsresources.
Notesonlanguageandbackground:
scarcity:theconditionorfactofbeingdeficient
Xbox:ahomevideogameconsoledevelopedbyMicrosoft
Scripts:
Okay,sowhatiseconomics?Economicsstartswiththeword“scarcity,”butwhatisscarcity?Scarcityistheideathatwecan’thaveeverythingwewant.Asmuchaswe’dliketohave,there’relimitsthatkeepusfromhavingeverything.Whataretheselimits?Scarceresources.Whyaretheseresourcesscarce?Becausethey’rehardtofind.Moneyisagreatexample.Let’ssayyouwantaphoneandalaptop,butyoudon’thaveenoughmoneytobuyboth.You’reforcedtochoosebetweenthetwo.Evenifyouhaveenoughmoneytobuyboth,you’llstillhavetochoosebetweenbuyingthosethingsorbuyingotherstuff.WhatI’mtryingtosayisthatyoucanneverhaveenoughmoney,whichmakesitascarceresource.Timeisanotherscarceresource.Supposeyouneedtowork,butyoualsowanttoplayyourXbox.Youcangotoworkoryoucanplayvideogames,butyoucan’tdobothatthesametime.Ofcourse,you
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