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Faculty of Economics and BusinessUndergraduate Professional Study Programme
Course coordinator: Boglarka Kiss Kulenović(signatures, final exams)
Course teacher:Višnja Kabalin Borenić
(predrok)
English for Business 1
Contact information for:Boglarka Kiss Kulenović (signature, exams)Office hours:Monday: 11:30-12:30Tuesday: 10:00 – 12:00Office 20 (6 J.F. Kennedy Square)Webpage: faculty webpageE-mail: [email protected]
Contact information for:Course teacher: Višnja Kabalin Borenić
(predrok only)
Office hours:Tuesday: 12:00-13:00
(except last Tuesday of any month: Council)
Wednesday: 16:00 – 17:00Friday: 14.00 – 15.00Office 16 (6 J.F. Kennedy Square)Webpage: faculty webpageE-mail: [email protected]
COURSE REQUIREMENTS
regular attendance: If you want to take the progress test (predrok), you cannot miss more than 4 classes. (1 day = 3 classes)
active in-class participation
passing progress test or exam.
TWO WAYS TO GET A GRADE
1) PROGRESS TESTING - BEFORE REGULAR EXAM DATES
regular attendanceactive class participation progress test (minimum 51%)oral exam
Final grade = written test + oral test + class participation
2) REGULAR EXAM DATES
final comprehensive written test (regular exam period)
final comprehensive oral exam (regular exam period)
Classes:21, 22, 28 May
15:00 – 16:1516:30 – 17:4518:00 – 19:15
23 May (Saturday)10:00 – 11:1511:30 – 12:4513:00 – 14:15
Progress test: 1 June, 2015
REQUIRED LITERATURE
Download the coursebook from the faculty website
http://www.efzg.unizg.hr/default.aspx?id=22471
Print it out and bring it tomorrow
Production decisions
What? Who? How?
For whom? Why?
Easy decisions?What are they based on?
SOME BASIC PREMISES…
Resources are scarce.Human wants exceed resources.The allocation of scarce resources depends
on a society’s answers to some basic questions.
ECONOMIC QUESTIONS→TYPE OF ECONOMY
What to produce? How to produce?For whom to produce?Why to produce?
MARKET ECONOMY
PLANNED ECONOMY
MIXED ECONOMY
Unit 1:ECONOMIC SYSTEMS
→ CB, pp 3-5tasks: I - V
Work in groups:Compare the first two types of economies on the basis of...
1. Workers’ motivation to work
2. Choice of products
3. Quality of products
4. The existence of a large poor-rich gap
Discuss the images that follow:
Which type of economy does each image illustrate?
Why? Explain your answer using the coursebook.
Unequal distribution of income: Homelessness
No comptetition: lower quality of products and standard of life
Unequal distribution of income: Large poor-rich gap
No competition: Little variety and choice for consumers
Competition: Main aim is to lower costs → Outsourcing
No competition: Unmotivated workers, standardisation
Competition: decreasing costs can affect workers negatively: Sweatshops
→ CB, p 5, tasks VI - VIII
How do mixed economies work?Public or private sector?
The two sectors are interconnected!
→ CB, p 7
ECONOMY and its “cousins” ?
A word family?
E.g. PEND (to hang):
depend
suspend
independent
pendant
suspense
pendulum
compensation
Words belonging to the same word family as “ECONOMY”
economic economical economise economist economics
→ CB, p 10
Unit 2:Sectors of the
economy
Which sectors of the economy?
labour-intensive ???
Use your smartphones to check on the meaning and usage of:
Harvest Consumer goods Extract Capital goods Outsourcing
→ CB, p 13: I Read the text and say...
Tasks II – VII
HW (21 May, 2015):
CB, pp 6, 8, 9, 16
