Giao an powerpoint tieng anh chuyen nganh kinh te

Unit 1
Market capitalism
By: Nguyen Thi Quynh Trang
I. Discussion
- What is market?
In 1986.
Market is a context in which it occurs purchase of goods and services.
- When did Vietnam introduce open-market policy to the economy?
What is the main idea of each paragraph?
- There are two major decision-making units in competitive
market capitalism: business firm and household.
2. Reading
- Business firms and households are interdependent.
- There are some basic assumptions of competitive market
capitalism.
3. Comprehension questions
1. What are the two major decision- making units which market
capitalism contains?
2. How are the actions of business firms and households coordinated?
3. From whom does the business firm buy resources and sell outputs?
4. What does the demand for resource inputs depend on?
5. What do firms do with the resources they buy from households?
6. How can consumers get money to buy products sold by firms?
7. What do both households and firms do through market exchange?
8. What does it mean that “markets are competitive”?
Answers
1. What are the two major decision- making units
which market capitalism contains?
3. From households.
2. How are the actions of business firms and households coordinated?
2.Business firms buy resources from households and
transform resource inputs into outputs of products
and services that they sell to households.
Households sell resources to firms and purchases
outputs from them.Business firms and households.
3. From whom does the business firm buy resources
and sellout puts?
1. Business firms and households.
Answers
4. What does the demand for resource inputs
depend on?
6. Consumers get money through the sale or loan of
their resources to firms.
5. What do firms do with the resources they buy from households?
5. They transform resource inputs into outputs of
products.
6. How can consumers get money to buy products
sold by firms?
4. The demand for resource inputs depends on the
demand for final products
Answers
7. What do both households and firms do through
market exchange?
8. What does it mean that “markets are competitive”?
8. It means that there are many buyers and sellers,
products are substitutable, buyers and sellers have
a lot of knowledge of the market and resources are
able to move freely between users.
7. Business firms pursue profit maximization and
households try to maximize utility or satisfaction.
III. Marking true (t) or false (f)
Business firms and households are independent of
each other.

2. Firms and households are both buyers and sellers.

3. Demand for the products of a firm depends on the
demand for the resources.

4. Knowledge of the market is not necessary for a
competitive market.

5. Households organize and coordinate factors of
production to produce outputs.
F
T
F
F
F
Iv. translation
1. Hai thành tố quyết định cơ bản của nền kinh tế thị
trường là các hãng kinh doanh và các hộ gia đình.
Two major decision making units of the market economy
are business firms and households.
2. Các hãng kinh doanh mua tài nguyên từ các hộ gia
đình, sau đó họ tổ chức và điều phối các yếu tố sản
xuất để tạo ra hàng hóa.
Business firms purchase/ buy resources from the
household, then they organize and coordinate the factors
of production to create goods.
Iv. translation
3. Kiến thức về thị trường rất cần thiết đối với một nền
kinh tế thị trường cạnh tranh.
Knowledge of the market is very necessary for a competitive
market economy.
4. Người tiêu dùng có tiền để mua sản phẩm của các
hãng kinh doanh bằng cách bán hoặc cho các hãng
kinh doanh vay nguồn tài nguyên của mình.
Consumers have money to buy products of business firms
by selling or loaning their resources to firms.
Iv. translation
5. Cả hãng kinh doanh và hộ gia đình đều muốn đạt được
lợi nhuận tối đa thông qua việc trao đổi thị trường.
Both business firms and households desire to obtain profit
maximization through the exchange market.
6. Nhu cầu sản xuất hàng hóa của một hãng kinh doanh
phụ thuộc vào nhu cầu tiêu dùng của toàn xã hội.
Demand for producing goods of a firm depends on the
demands for consuming of the whole society.
homework
- Learn the vocabulary by heart.
- Translate the text into Vietnamese.
- Complete the vocabulary exercises.