This document summarizes a class on economics topics. It includes: - An overview of the day's agenda covering attendance, a presentation review, and discussions of Keynesianism/Monetarism, international trade, and economics/ecology. - Instructions and answers for an exercise on Keynesianism/Monetarism from the textbook. - Instructions for a listening exercise on international trade with sample answers. - A discussion prompt on international trade contexts in small groups. - Instructions for a partner discussion and vocabulary exercise on economics/ecology from the textbook. - An assignment to organize an economics final exam study group.

1. 01
WINTER
Unit 26 – 28
Template
Keynesianism & Monetarism
International Trade
Economics & Ecology
Week 14 – Business English 2
Professor Hayashi

2. Today’s Class
- attendance & homework (Facebook
friends)
- review presentation
- Unit 26 (Keynesianism & Monetarism)
- Unit 27 (International Trade)
- Unit 28 (Economics & Ecology)

3. Unit 26
In partners, do exercise 1b on page 150
ANSWERS:
1.F
2.E
3.D
4.A
5.C
6.B

4. Unit 26

5. Unit 27

6. Unit 27
Listen up! Exercise 2A, pg. 158
1.Formerly, the less developed countries were against free trade
because they didn’t have competitive manufacturing industries.
2.Countries like South Korea and Malaysia are competitive today
because they’ve been able to import technology from the rich countries,
educate their labor force, and set up an infrastructure.
3.Free trade is disruptive; in other words, it causes big economic
changes, such as the closing down of an entire industry in a country, as
the product begins to be made more cheaply somewhere else.
4.The advantage of free trade is that it leads to more efficiency and
output.
5.People in industrial countries can only put up with the disruption
caused by free trade if they can quite quickly find a new job.

7. Unit 27
A Korean Context
In your groups, create a short presentation
based on your assigned question.

8. Unit 27

9. Unit 28
Partner up and chat! Go through the questions on page
161 and have a discussion on how green you are.

10. Unit 28
Do the vocabulary exercise 2A on page 162
ANSWERS:
1.emissions
Do the vocabulary exercise
2.waste
3A on page 164
3.disposal (to dispose of)
ANSWERS:
4.environmentalist
1. economical
5.eco-efficiency
2. uneconomical
3. economy
4. economics
5. economists
6. economize
7. economic

11. Homework
WINTER
- Organize a study group for the final exam
Template
- Choose a day/time to study & review together
- Hand in a sheet next week with your group members
name and planned study time(s)
- Receive a professionalism point for posting a photo of
your group studying within the next two weeks on
Facebook