hw check pls, submit: report – task 4 (rb, p 26) rb, p 34 – task iii 1.in 2002 someland’s...

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HW check Pls, submit: Report – task 4 (RB, p 26) RB, p 34 – Task III 1.In 2002 Someland’s exports declined by $18bn. Someland’s exports dropped from $73bn to $55bn. 2. Between 2003 and 2004 Someland’s exports stagnated / stood still at $55bn. 3. In 2004, Someland’s exports gradually increased. 4. In the next year, we recorded a rise of 20% in Someland’s exports. 5. Until June 2006, Someland’s exports plummeted by $53bn.

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Page 1: HW check Pls, submit: Report – task 4 (RB, p 26) RB, p 34 – Task III 1.In 2002 Someland’s exports declined by $18bn. Someland’s exports dropped from $73bn

HW check

Pls, submit: Report – task 4 (RB, p 26)

RB, p 34 – Task III1. In 2002 Someland’s exports declined by $18bn.

Someland’s exports dropped from $73bn to $55bn.2. Between 2003 and 2004 Someland’s exports

stagnated / stood still at $55bn.3. In 2004, Someland’s exports gradually increased.4. In the next year, we recorded a rise of 20% in

Someland’s exports.5. Until June 2006, Someland’s exports plummeted by

$53bn.

Page 2: HW check Pls, submit: Report – task 4 (RB, p 26) RB, p 34 – Task III 1.In 2002 Someland’s exports declined by $18bn. Someland’s exports dropped from $73bn

Practice:Fill in the missing prepositions

Handout: Prices of crude oil

1 since 2 to 3 at 4 by

5 --- 6 --- 7 of 8 to

9 around 10 of 11 by 12 to

Page 3: HW check Pls, submit: Report – task 4 (RB, p 26) RB, p 34 – Task III 1.In 2002 Someland’s exports declined by $18bn. Someland’s exports dropped from $73bn

Central banking

Page 4: HW check Pls, submit: Report – task 4 (RB, p 26) RB, p 34 – Task III 1.In 2002 Someland’s exports declined by $18bn. Someland’s exports dropped from $73bn

Central banking functionsListening: RB, p 61

Page 5: HW check Pls, submit: Report – task 4 (RB, p 26) RB, p 34 – Task III 1.In 2002 Someland’s exports declined by $18bn. Someland’s exports dropped from $73bn

1a ListeningThe functions of a central bank:1) Implementing monetary policy• 1a) setting interest rate ceilings and floors• 1b) printing money or destroying it• 1c) open-market operations2) Exchange rate supervision3) Commercial banking supervision4) Act as a lender of last resortRead the text carefully, underline words/phrases

that seem important/relevant to the topic. Are you sure you understand them?Ask a colleague for help...Do task II

Page 6: HW check Pls, submit: Report – task 4 (RB, p 26) RB, p 34 – Task III 1.In 2002 Someland’s exports declined by $18bn. Someland’s exports dropped from $73bn

1a ListeningI The functions of a central bank:1) Implementing monetary policy• 1a) setting interest rate ceilings and floors• 1b) printing money or destroying it• 1c) open-market operations2) Exchange rate supervision3) Commercial banking supervision4) Act as a lender of last resortRead the text carefully, underline words/phrases

that seem important/relevant to the topic. Are you sure you understand them?Ask a colleague for help...II: A–1b B–1a C–3 D–2 E–4 F–1c

Page 7: HW check Pls, submit: Report – task 4 (RB, p 26) RB, p 34 – Task III 1.In 2002 Someland’s exports declined by $18bn. Someland’s exports dropped from $73bn

US monetary policy according to CBS students (2006)

The Federal Reserve (Central bank of

Ben Bernanke

Chairman of the Federal Reserve

Glenn HubbardDean of Columbia Business School

http://www.youtube.com/watch?v=3u2qRXb4xCU

Page 8: HW check Pls, submit: Report – task 4 (RB, p 26) RB, p 34 – Task III 1.In 2002 Someland’s exports declined by $18bn. Someland’s exports dropped from $73bn

The functions of a central bank

1) Implementing monetary policy2) Exchange rate supervision (after 1st ppt)3) Commercial banking supervision4) Acting as a lender of last resort

Page 9: HW check Pls, submit: Report – task 4 (RB, p 26) RB, p 34 – Task III 1.In 2002 Someland’s exports declined by $18bn. Someland’s exports dropped from $73bn

Central banking: how can monetary policy help the economy? RB, 62-64

II Read the text again and fill in the table.Work in pairs. Hand in a copy of the table.

III Present one type of monetary policy to your colleague (A and B) using the framework below.(A – expansionary, B- restrictive)

HW: IV Monetary and fiscal policy, p 63-64

Page 10: HW check Pls, submit: Report – task 4 (RB, p 26) RB, p 34 – Task III 1.In 2002 Someland’s exports declined by $18bn. Someland’s exports dropped from $73bn

The functions of a central bank

1) Implementing monetary policy2) Exchange rate supervision (after 1st ppt)3) Commercial banking supervision4) Acting as a lender of last resort

Page 11: HW check Pls, submit: Report – task 4 (RB, p 26) RB, p 34 – Task III 1.In 2002 Someland’s exports declined by $18bn. Someland’s exports dropped from $73bn

Pair up!

• Treasury Stanko Linić

• Bank of England Ministar financija

• Chancellor Ministarstvo financija

• The Governor Hrvatska narodna banka

• Georg Osborne Guverner HNB

• _________ Boris Vujčić

Page 12: HW check Pls, submit: Report – task 4 (RB, p 26) RB, p 34 – Task III 1.In 2002 Someland’s exports declined by $18bn. Someland’s exports dropped from $73bn

Paired up!

• Treasury Ministarstvo financija• Bank of England Hrvatska narodna

banka • Chancellor Ministar financija• The Governor Guverner HNB• George Osborne Slavko Linić• Mervyn King Boris Vujčić

Page 13: HW check Pls, submit: Report – task 4 (RB, p 26) RB, p 34 – Task III 1.In 2002 Someland’s exports declined by $18bn. Someland’s exports dropped from $73bn

Northern Rock Banking Crises, RB, p 59

Match up the words and definitions below

1 bank run 2 shakeout 3 the Treasury

4 credit squeeze 5 the Chancellor 6 solvent• Read the introduction – underline unknown words

Mortgage lender?

Scan the rest of the text and match questions to corresponding paragraphs

• Read carefully and underline unknown words / parts you do not understand

IV Match the following words from the text to corresponding explanations, p 60 (finish for HW)

Page 14: HW check Pls, submit: Report – task 4 (RB, p 26) RB, p 34 – Task III 1.In 2002 Someland’s exports declined by $18bn. Someland’s exports dropped from $73bn

HW (a summary):

1) Finish reading Northern Rock crisis and do all exercises

2) Read Helga’s Bar and find out how Helga (with a little help from her friends) ruined a large part of Someland’s economy

3) RB, pp 63-64 – Task IV (fill in the texts on monetary and fiscal policy)