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WHAT IS ECONOMICS?

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.

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WHAT IS ECONOMICS?

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  1. WHAT IS ECONOMICS? WHY ARE YOU STUDYING ECONOMICS?

  2. 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.

  3. 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?

  4. http://www.youtube.com/watch?v=1Bu7QmyfhJ8&feature=relatedWatch the film and insert the missing words: Areas of interest to economists are: p_____________________ the S__________ market business and __________ market international __________ d__________________ t_____________ advance Economists 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 ________________ .

  5. 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”

  6. ECONOMICS • the study of how individuals and governments allocate scarce resources in an attempt to satisfy unlimited wants

  7. 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

  8. 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.

  9. RB: p.10,11

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