HW check: RB p 22

1. HW check: RB p 22 I Match the definitions... II Classify the industries... 1 i 13 t PRIMARY SECTOR: 2 w 14 l w 3 k 15 s 4 v 16 h 5 a 17 u SECONDARY SECTOR: 6 o 18 g a, b, c, e, i, j, k, l, p , t 7 q 19 d 8 b 20 e 9 p 21 j TERTIARY SECTOR: 10 r 22 m d, f, g, h, m, n, o, q, r, s 11 c 23 f u, v 12 n

2. confectionery banking global forestry applied hospitality industry Keynesian quarrying smelting mining retailing course attendance commerce fragile trade blue-collar ICT barber Sort out according to topic! real estate beverages utilities media classical advertising dean construction health care farming major MBA design shipbuilding elective transport

3. confectionery banking global forestry applied hospitality industry Keynesian quarrying smelting mining retailing course attendance commerce fragile trade blue-collar ICT barber Sort out according to topic! real estate beverages utilities media classical advertising dean construction health care farming major MBA design shipbuilding elective transport

4. What is economy? • The system by which a country's goods & services are produced and used. Problem? Concerning resources and wants... • The resources are scarce and the wants are unlimited. The function of economy? • To allocate scarce resources amongst unlimited wants.

5. What... How... For whom... should be produced? should it be produced? should it be produced? To satisfy wants we need to answer three questions: Who gets to decide? How these questions are answered will depend on the type of economic system.

6. The three basic types of economic systems: • Market economies(or capitalist economies or free enterprise economies) • Planned economies(or command economies) • Mixed economies • Take 2 min and brainstorm words you associate with each type

7. → RB, p 30 • Read the intro • Read the text on market economies and fill in the missing words.

8. Market economies • Resources are allocated through _______ mechanism (supply and ________) • System which stimulates _________

9. Market economies • Resources are allocated through market mechanism (supply and demand) • System which stimulates competition

10. Competition inmarket economies • leads to lower ______ (prices), • better ______, • more ______ for consumers

11. Competition inmarket economies • leads to lower costs (prices), • better quality, • more choice for consumers

12. The role of the state inmarket economies: • to _____ laws • to provide _______ goods and services (e.g. j_ _ _ _ _ ary, national d_ _ _ _ ce, policing, fair competition)

13. The role of the state inmarket economies: • to pass laws • to provide essential goods and services (e.g. judiciary, national defence, policing, fair competition)

14. Imperfections of market economies • Private firms not interested in _______ that do not make profit. • Public interest ____________ to achieve lower costs. • _______ distribution of income.

15. Imperfections of market economies • Private firms not interested in services that do not make profit. • Public interest sacrificed to achieve lower costs. • Unequal distribution of income.

16. → RB, p 30 • Read the text on planned economies

17. Planned economies (or command economies) • The role of the state - ____ • The state: - organizes - plans - co-ordinates the whole _________ process

18. Planned economies (or command economies) • The role of the state - vital • The state: - organizes - plans - co-ordinates the whole production process

19. There is no competition... • __________ goods • Little ______/ choice for consumers • The state _______ goods & services • More ______ distribution of income

20. There is no competition... • Standardized goods • Little variety/ choice for consumers • The state distributesgoods & services • More equal distribution of income

21. In planned economies... • Production for _____ rather than profit • People less motivated to work _________ • The standard of living _____ than in other types of economies

22. In planned economies... • Production for need rather than profit • People less motivated to work efficiently • The standard of living lower than in other types of economies

23. → RB, p 30 • Read the text on mixed economies

24. Mixed economies • Some resources _________ by the state (in the _____ sector), the rest by the market system ( ______ sector) • Public sector: responsible for _______ goods & services • Private sector: production decisions ______ by firms (demand for gods)

25. Mixed economies • Some resources allocated by the state (in the public sector), the rest by the market system (private sector) • Public sector: responsible for public goods & services • Private sector: production decisions made by firms (demand for gods)

26. In mixed economies... • ______ goods provided free • The state ensures _____ competition • Private goods & services allocated as in _____ economies.

27. In mixed economies... • Public goods provided free • The state ensures fair competition • Private goods & services allocated as in market economies. • → HW, RB pp 31-32 (tasks II - VI)

28. Time for a break! • http://www.youtube.com/watch?v=MjcO2ExtHso • http://www.youtube.com/watch?v=lpvgfmEU2Ck&feature=related Dan MacMillan:Life After Death by Power Point

29. Most common complaints about the slides • speakers read the slides to us 62.0% • text so small I couldn't read it 46.9% • slides hard to see because of color choice 42.6% • full sentences instead of bullet points 39.1% • moving/flying text or graphics  24.8% • overly complex diagrams or charts 22.2% Demonstration of an effective presentationhttp://www.youtube.com/watch?v=CxeppcxE2v8 How does she use PPT? Make notes as you watch!

30. Timeline Time / order: Slide (content) Purpose Kiva logo ??? ... ??? • 0.14 / 1 • 0.52 / 2 • 1.02 / 3 ... • 4.17 / 13

31. Timeline Time: Slide (content) Purpose Kiva logo ??? Main message Outline of structure Yenku (photo) 95% rise in income Clinton (photo) + quote Jamie (photo) Jamie’s message Glenda (photo) Glenda’s message Kiva’s lenders together (occupations) Using Kiva (animated round chart) Main message • 0.14 • 0.52 • 1.02 • 1.38 • 1.57 • 2.18 • 2.28 • 2.38 • 2.50 • 2.55 • 3.07 • 3.13 • 4.17

32. Making and talking slides →RB, p 89 I Compare II Organize the first slide for the talk on p 86 HW : Draft slides for the talk on p 87 (max. 5) Study III, p 89 Study and do p 90 (graphics)