Transcript economic
INTRODUCTION How to search for the meaning of words on the Internet? • • • • Word Word + meaning Word + definition Word + prijevod Online dictionaries Translation can sometimes be misleading. Any problem below? Use the right sources! Business English Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years. Source: NYT, 02 Oct 2016 Business English Source: The Guardian, 3 Oct 2016 Business English also in Croatian • ICT će transformirati hrvatski biznis (JL) • Ulaganje u hrvatski start-up (JL) • Plodine i Tommy imaju najveću EBITDA maržu (VL) Economic affairs in political debates 1. 2. 3. 4. 5. 6. 7. 8. „izvoz na svjetska tržišta” „više mirovine” „stabilan tečaj” „rast BDP-a” „smanjenje PDV-a” „pomoć malim i srednjim poduzetnicima” „nova ulaganja” „niži porez na dohodak” Does this help? markets PIT GDP global exchange rate growth SME investments cuts pension VAT Economic affairs in political debates • • • • • • • • ‘exports to global markets’ ‘higher pensions’ ‘stable exchange rate’ ‘GDP growth’ ‘VAT cuts’ ‘assistance to SMEs’ ‘new investments’ ‘lower personal income tax’ Online courses See what MOOC is about: https://www.youtube.com/watch?v=eW3gMGqcZQc Examples: https://www.coursera.org/browse/business https://www.khanacademy.org/ Life Long Learning (LLL) In order to go for LLL – Learn how to Learn!! literacy & numeracy + resourcefulness reading & critical thinking writing & speaking (in an organised manner!) searching for information & knowledge e.g. internet sources: MOOC, Khan Academy, Ted Talk, … ‘… between 1990 and 2007 the number of students going to university increased by 22% in North America, 74% in Europe, 144% in Latin America and 203% in Asia.’ (The Economist, 3 Sept 2011) The Bologna System • 3y+2y+3y or 4y+1y+3y or 5y+0y+3y • European Credit Transfer System (ECTS) 1 ECTS credit = 25-30 work hours • Diploma Supplement Aims of the Bologna system • Mobility (course comparablity) • Employability • Competitiveness The European dimension! (e.g. 2+1 languages) Benefit from Erasmus exchange programmes! Photo: incoming Erasmus students at FEB (course: AE2, 15/16) UNIVERSITY ESSENTIALS • name • people • school organization • studies (degrees, study programmes, majors, courses, exams) HE institutions Degrees (academic titles) 3 degrees (first, second, third) 1.bachelor’s degree (tot. 3 or 4 y. of study) 2.master’s degree (tot. min.5 y of study) 3.doctor’s degree, PhD (tot. min.8y) Degrees (cont.) I am studying for a degree in economics/business He received his MA degree from the University of Zagreb. She has a MSc in biology. I thought she had a PhD. Prepositions? I am studying ... a degree in economics/business He received his MA degree ... the University of Zagreb. She has a MSc ... biology. I thought she had a PhD. Prepositions I am studying for a degree in economics/business He received his MA degree from the University of Zagreb. She has a MSc in biology. I thought she had a Ph.D.. Arts • Arts, humanities, social sciences (?) • vs. Science • Natural sciences using quantitative methods (incl. social sciences?) Bachelor of Arts (BA) • Bachelor of Science (BSc) • Master of Arts (MA) • Master of Science (MSc) What academic titles do these people hold? How would you address them in your first contact? Overview • FEB and its organization: the Dean, the Council, departments • People: students:full-time s. /part-time s., junior s./senior s. faculty (teachers): professors, lecturers, assistants administrative staff: the Student Administration Office • Studies: undergraduate, graduate, postgraduate / study programmes: Economics, Business / full-time, part-time study programme • Courses:curriculum, syllabus, compulsory/elective/optional c. • Exams: preliminary e., final (comprehensive) e., sign up (apply for) an exam, take an exam, sit an exam, pass an exam, fail an exam. Text: UNIVERSITIES AND COLLEGES (RB) UCAS, A levels, Oxbridge, redbrick, campus, loans, graduates, earnings, tuition fees associate’s degree, SAT, ACT, TOEFL, score, professional schools, transcript of grades Ivy League, liberal arts curriculum, GPA, summa cum laude Text: UNIVERSITIES AND COLLEGES (RB) UCAS, A levels, Oxbridge, redbrick, campus, loans, graduates, earnings, tuition fees Ivy League, liberal arts curriculum, GPA, summa cum associate’s degree, SAT, ACT, laude TOEFL, score, professional schools, transcript of grades ECONOMICS & ECONOMY What is the difference between...? ECONOMIC ECONOMIZE ECONOMICAL ECONOMICS ECONOMIST ECONOMY ECONOMIZE, ECONOMICAL, ECONOMIC, ECONOMICS, ECONOMIST, ECONOMY 1. …………………………… (adj.) 1.relating to or involving economics, money, finance, 2.which produces enough profit to make it worth continuing with 2. ……………………………(n.) someone who studies the way in which wealth is produced and used in an area 3. …………………………… (v.)to reduce the amount of time, money, goods etc. that you use 4. …………………………… (n.)1.the system by which a country’s goods and services are produced and used, or a country considered in this way, 2.the careful use of money, goods, time etc. so that nothing is wasted, 3.a way of spending less money 5. …………………………… (adj.)using money, time, goods etc. carefully and without wasting any 6. …………………………… (n.) the study of the way in which wealth is produced and used 1. 2. 3. 4. 5. 6. ECONOMIC (adj.) 1.relating to or involving economics, money, finance, 2.which produces enough profit to make it worth continuing with ECONOMIST (n.) someone who studies the way in which wealth is produced and used in an area ECONOMIZE (v.)to reduce the amount of time, money, goods etc. that you use ECONOMY (n.)1.the system by which a country’s goods and services are produced and used, or a country considered in this way, 2.the careful use of money, goods, time etc. so that nothing is wasted, 3.a way of spending less money ECONOMICAL (adj.)using money, time, goods etc. carefully and without wasting any ECONOMICS (n.) the study of the way in which wealth is produced and used ECONOMIC, ECONOMIZE, ECONOMICAL, ECONOMICS, ECONOMIST, ECONOMY 1. The country is facing a severe.... crisis. 2. He expects Europe’s ............ to grow faster. 3. This system was extremely ............ because it ran on half-price electricity. 4. ............ is the oldest in social sciences. 5. What has gone wrong with the ............ system? 6. Some ............ analysis is required here. 7. Strikes were damaging the country’s ............ 8. She has a degree in ............ Group the following: IKEA tyre chocolate furniture mechanic’s cocoa/sugar … wood rubber Konzum DIFFERENT SECTORS OF THE ECONOMY PRIMARY SECTOR SECONDARY SECTOR TERTIARY SECTOR Cocoa/Sugar Chocolate Konzum Wood Furniture IKEA Rubber Tyre Mechanic’s Different Sectors of the Economy • Primary • Secondary • Tertiary *Quaternary sector : ICT, consultancy, R&D, education, culture, … (see MacKenzie, 2010, p.43, 44) RB: p.23 • Discuss the sectors of the economy in countries at different stages of development. Words, words, words (RB: p.24) • • • • • • • • • • • Industry vs. Manufacturing industry Consumer goods (1) Gravitate (1) Labour costs (1) “Rust-belt” (2) Rivals (2) Retrain (3) Outsourcing* (3) Relocate (3) Counterpart (3) A fraction of salary (3) *See Investopedia at http://www.investopedia.com/terms/o/outsourcing.asp (definition & example with Dell) RB: p.24 1. Britain led the ......... revolution between the 1750s and mid 19th c. 2. But, today, ......... gravitates to countries with lower ......... costs. 3. This means that many companies have ........... some of their activities elsewhere. 4. Some workers therefore need to ...... or work in ......, which is not safe either. 5. All this may lead to high ........ in the developed world. Trump Attacks Ford Motor for Outsourcing Car Production to Mexico (Sept, 2016) Populism? Trump Attacks Ford Motor for Outsourcing Car Production to Mexico See for yourself: http://www.npr.org/2016/08/03/488583745/hillary-clinton-hits-trump-over-outsourcing http://www.cbsnews.com/news/new-hillary-clinton-ad-slams-donald-trump-over-outsourcing-manufacturing-jobs/ http://www.teenvogue.com/story/donald-trump-ties-chinese-factory-horrific-conditions-racked-report http://www.msnbc.com/interactives/geography-of-poverty/ne.html Explain the meaning of the following: „… a change in the pattern of human consumption….” (J.K. Galbraith, RB: P.23) Homework (MK: p.45) • heavy industry • services: accountants, lawyers, marketers, advertisers, real estate, entertainment, IT, ICT, R&D • advanced countries • labour costs • expertise • higher education • strengths Assignments: MK.45 1. Decide which arguments are in favour of manufacturing and which are in favour of services. 2. Make one short sentence to summarise each argument (1-7). RB:p.23 3. Read the text and answer the quest.