对外经济贸易大学：《金融英语阅读》课程教学资源（授课教案）Chapter 05 Politics vs. Economics

尉酒价質多学 195 UNVERSITY OF INTERNATONAL BUS NESS AND ECONOMCS Chapter 2 Politics vs.Economics CASIO

Chapter 2 Chapter 2 Politics vs. Economics Politics vs. Economics

I.教学目的 By the end of the chapter,students should be able to know about the implications of the so-called "political economy the relations between the economic systems and the political and cultural backgrounds of nations the primary characteristic of the postmodern world economy at the end of the 20th century 的重价首多4

I. 教学目的 By the end of the chapter, students should be able to know about ¾ the implications of the so-called “political economy ” ¾ the relations between the economic systems and the political and cultural backgrounds of nations ¾ the primary characteristic of the postmodern world economy at the end of the 20th century

Ⅱ.教学计划 This chapter will cover 3 hours.2 hours for the introduction of background information and explanations of terms and the texts.And the other 1 hour for discussion and practice. 约价首多大考

II. 教学计划 This chapter will cover 3 hours. 2 hours for the introduction of background information and explanations of terms and the texts. And the other 1 hour for discussion and practice

Ⅱ.教学方法 Translation:key sentences and terms >Paraphrasing:major words and sentences Summarizing:important paragraphs Discussion:key issues Questions and answers 山重价5六孝

III. 教学方法 ¾ Translation: key sentences and terms ¾ Paraphrasing: major words and sentences ¾ Summarizing: important paragraphs ¾ Discussion: key issues ¾ Questions and answers

V.背景知识 The "political economy",which was traditionally named for the discipline of the economists,can be dated back to Adam Smith's Wealth of Nations. published in 1776. 约价首多大4

The “political economy”, which was traditionally named for the discipline of the economists, can be dated back to Adam Smith’s Wealth of Nations, published in 1776. IV. 背景知识

Smith's view,while more exhaustive than most visions of economists,anticipated the Industrial Revolution but hardly the global consequences of the multinational corporation.However,his principles of economic liberalism still have a leading role in Anglo-Saxon cultures today. 数更价首5大考

Smith’s view, while more exhaustive than most visions of economists, anticipated the Industrial Revolution but hardly the global consequences of the multinational corporation. However, his principles of economic liberalism still have a leading role in Anglo-Saxon cultures today

Smith (1723-90)laid the intellectual framework that explained the free market and still holds true today.He is most often recognized for the expression "the invisible hand,"which he used to demonstrate how self-interest guides the most efficient use of resources in a nation's economy,with public welfare coming as a by- product. 数更价首5大考

Smith (1723-90) laid the intellectual framework that explained the free market and still holds true today. He is most often recognized for the expression "the invisible hand," which he used to demonstrate how self-interest guides the most efficient use of resources in a nation's economy, with public welfare coming as a by￾product

John Maynard Keynes,1883-1946. Keynes's General Theory revolutionized the way economists think about economics.It was path breaking in several ways.The two most important are,first,that it introduced the notion of aggregate demand as the sum of consumption,investment,and government spending. Second,it showed (or purported to show)that full employment could be maintained only with the help of government spending 数更价首5大考

John Maynard Keynes, 1883-1946. Keynes's General Theory revolutionized the way economists think about economics. It was path breaking in several ways. The two most important are, first, that it introduced the notion of aggregate demand as the sum of consumption, investment, and government spending. Second, it showed (or purported to show) that full employment could be maintained only with the help of government spending

To underscore his laissez-faire convictions,Smith argued that state and personal efforts,to promote social good are ineffectual compared to unbridled market forces 数更价首5大考

To underscore his laissez-faire convictions, Smith argued that state and personal efforts, to promote social good are ineffectual compared to unbridled market forces

Economists still argue about what Keynes thought caused high unemployment.Some think that Keynes attributed unemployment to wages that take a long time to fall.But Keynes actually wanted wages not to fall,and advocated in the General Theory that wages be kept stable 数更价首5大考

Economists still argue about what Keynes thought caused high unemployment. Some think that Keynes attributed unemployment to wages that take a long time to fall. But Keynes actually wanted wages not to fall, and advocated in the General Theory that wages be kept stable