財(cái)經(jīng)英語閱讀教案

《財(cái)經(jīng)英語閱讀》教案

Justforyourreference

2ChapterOneEconomicGlobalization課題：

ChapterOneEconomicGlobalization(1)課時(shí)：2periods教學(xué)目標(biāo)：Graspthemainideasofthetexts.Gainanunderstandingofeconomicglobalization.Understandsomeofthedifficultsentences.Mastertheusefultechnicaltermsandphrases.3教學(xué)重點(diǎn)及難點(diǎn)1.UnderstandthemainideasofTextA.2.Mastertheusefultechnicaltermsandphrases.4

ShowadiagramofGlobalizationandPoverty.TeachingprocedureStep1Warmup5Step2PresentationAnswerthefollowingquestionsafterreadingTextA.1.Whatiseconomicglobalization?Key:Economicglobalizationreferstotheincreasinginterdependenceofworldeconomiesasaresultofthegrowingscaleofcross-bordertradeofcommoditiesandservices,flowofinternationalcapital，andwideandrapidspreadoftechnologies.2.Whatarethetwomajordrivingforcesforeconomicglobalization?Key:1.Developmentofscienceandtechnologies2.Marketization6Step2Presentation3.Howmanyrisksforthedevelopingcountriesarementionedinthetext?Key:Two.Firstofall,economicglobalizationhasinfactexpandedratherthanreducedthegapbetweentheNorthandSouth.Secondly,economicglobalizationhasalsomadedevelopingcountries’riskofbeingconcussedbyunfavorableexternalfactors.4.Accordingtothetext,howmanymeasurescandevelopingcountriestaketopreventtherisksresultingfromeconomicglobalizations?Key:Three./keywords:inthefirstplace,secondly,thirdly

7Step4

ThestructureoftextAPartI:OpeningremarksPartII:TwoMajorDrivingForcesPartIII:EconomicGlobalizationtotheDevelopedCountriesPartIV:RiskstotheDevelopingCountriesPartV:PreventionagainstRelatedRisks8Step5DetailsDiscussed1.Whatarethefactorsbroughtabouteconomicglobalization?(Signalwords:asaresultof)Key:thegrowingscaleofcross-bordertradeofcommoditiesandservices,flowofinternationalcapital，andwideandrapidspreadoftechnologies.9Step5DetailsofpartI,II2.Howdothetwomajordrivingforcesmentionedinthepassagemakeeconomicglobalizationpossible?（Answerthequestionsandcompletetheflowchart.）①advancementofsciencesandtechnology

↓reducethecosttransportationandcommunication

↓makeitpossible②marketization(market-orientedreform)↓countriescutdowntariff&non-tariffbarriers+openupmorecurrentaccount&capitalaccounts↓thedevelopmentoftrade&investment+transitionofeconomicsystem↓makeitpossible10Step5DetailsofpartI,II3.Howdothe“timeandspacecompressioneffect”oftechnologicaladvancementinfluencetheglobaleconomy?Key:Thiskindof“timeandspacecompressioneffect”oftechnologicaladvancementgreatlyreducedthecostofinternationaltradeandinvestment,thusmakingitpossibletoorganizeandcoordinateglobalproduction.4.What‘stheeffectofthenetworking-basedeconomyoneconomicglobalization？Key:Thedevelopmentofthenetworking-basedeconomyhasgivenbirthtoalargegroupofshadowenterprises,makingtheconceptofnationalboundariesanddistanceforcertaineconomicactivitiesmeaningless.11Step6Explaintheimportantpoints1.Economicglobalizationreferstotheincreasinginterdependenceofworldeconomiesasaresultofthegrowingscaleofcross-bordertradeofcommoditiesandservices,flowofinternationalcapital，andwideandrapidspreadoftechnologies.經(jīng)濟(jì)全球化指的是由于跨國(guó)之間商品貿(mào)易和服務(wù)、國(guó)際資本的流通規(guī)模的日益加大，以及技術(shù)的快速傳播而導(dǎo)致世界經(jīng)濟(jì)的日益相互依賴性。2.Moreoverthedevelopmentofthenetworking-basedeconomyhasgivenbirthtoalargegroupofshadowenterprises,makingtheconceptofnationalboundariesanddistanceforcertaineconomicactivitiesmeaningless.另外，網(wǎng)絡(luò)經(jīng)濟(jì)的發(fā)展催生了一大群影子公司，使“某種經(jīng)濟(jì)活動(dòng)存在著國(guó)家界限和距離”的觀念變得毫無意義。12Step6Explaintheimportantpointsshadowenterprise：影子公司。在歐美企業(yè)界流行一種以合作為內(nèi)容的新的組合模式，其不是一個(gè)法人組織，沒有常見的組織機(jī)構(gòu)，因而被稱為“影子公司”。

耐克公司沒有生產(chǎn)工廠、沒有生產(chǎn)設(shè)備、沒有生產(chǎn)工人，甚至在7800名職員中沒有一個(gè)人會(huì)做鞋，卻成為世界知名的旅游鞋供貨商。它借世界各地鞋廠的資金、人才、設(shè)備來為生產(chǎn)自己設(shè)計(jì)的產(chǎn)品，既縮短了生產(chǎn)與銷售周期，又節(jié)省了運(yùn)輸、關(guān)稅成本。13Step7Homework1.Reviewwhatwehavelearnttoday.2.Previewtherestofthetext.

《財(cái)經(jīng)英語閱讀》教案

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15ChapterOne

EconomicGlobalization課題：

ChapterOneEconomicGlobalization(2)

課時(shí)：2periods教學(xué)目標(biāo)：

GraspthemainideasoftheTextAGainanunderstandingofeconomicglobalization.UnderstandsomeofthedifficultsentencesMastertheusefultechnicaltermsandphrases.16教學(xué)重點(diǎn)及難點(diǎn)UnderstandthemainideasofTextA.Mastertheusefultechnicaltermsandphrases.17

Reviewsomeinformationlearntinthepreviousperiods.ThemainideaandstructureoftextAPartIOpeningremarksPartIITwoMajorDrivingForcesPartIIIEconomicGlobalizationtotheDevelopedCountries

PartIVRiskstotheDevelopingCountriesPartVPreventionagainstRelatedRisksTeachingprocedureStep1

Revision18TeachingprocedureStep1

Revision

2.Whatiseconomicglobalization?Key:Economicglobalizationreferstotheincreasinginterdependenceofworldeconomiesasaresultofthegrowingscaleofcross-bordertradeofcommoditiesandservices,flowofinternationalcapital，andwideandrapidspreadoftechnologies.3.Whatarethetwomajordrivingforces?Key:1.Developmentofscienceandtechnologies2.Marketization19Step2FindoutthesupportingdetailsGuideSstofindoutthesupportingdetailsofPartII,IVandVbyansweringthefollowingquestions.1.Whatdodevelopedcountriesdoinrecentyearswhenenteringtheeraofknowledgeeconomy?Key:Inrecentyears,developedcountriesinthewestaregraduallyenteringtheeraofknowledgeeconomyandhavestartedtoshifttodevelopingcountriesmanylabor-intensiveindustriesofweakinternationalcompetitiveness.2.Whydoenterprisesresorttomergersandacquisitionsoneafteranother?Key:Becausetheywanttoraisetheirpositionsandimprovetheircompetitivenessattheinternationalmarket20Step2Findoutthesupportingdetails3.Howdothedevelopedcountriesplaytheirdominantroleintheprocessofeconomicglobalization?Key:Thedominantroleofdevelopedcountriesintheprocessofeconomicglobalizationisreflectedinthefactthatitistheythatdeterminetherulesforinternationaleconomicexchanges.InternationaleconomicandfinancialorganizationsareunderthecontroloftheUnitedStatesandotherwesterncountries.Theyhavebeenusingtheseadvantagestopromoteanddominatethedevelopmentofglobalization.KEYPOINTS:①determinetherulesbycontrollingtheInternationaleconomicandfinancialorganizations②promoteanddominatethedevelopmentofglobalization.21Step2Findoutthesupportingdetails4.Whatkindofcountryenjoysmostbenefitfromeconomicglobalization?Key:developedcountries5.Whatbenefitscanthedevelopingcountriesgetintheprocessofeconomicglobalization?Key:Theparticipationofdevelopingcountriesintheglobalizationprocesscanenablethemtobetterutilize

theircomparativeadvantages,introduceadvancedtechnologies,foreigncapitalandmanagementexperience.Itisalsofavorableforeliminatingmonopolisticbehaviorsandstrengtheningmarketcompetition.KEYPOINTS:①betterutilize

theircomparativeadvantages.②introduceadvancedtechnologies,foreigncapitalandmanagementexperience.③eliminatemonopolisticbehaviorsandstrengthenmarketcompetition.22Step2Findoutthesupportingdetails6.Whatarethedisadvantagesofeconomicglobalizationtothedevelopingcountries?Key:Whileprovidingmoredevelopmentopportunitiesfordevelopingcountries,theglobalizationprocessisalsoposingenormousrisksFirstofall,economicglobalizationhasinfactexpandedratherthanreducedthegapbetweentheNorthandSouth.Secondly,economicglobalizationhasalsomadedevelopingcountries’riskofbeingconcussedbyunfavorableexternalfactors.7．CanyougiveussomedatatoexplainwhyglobalizationhasexpandedratherthanreducedthegapbetweentheNorthandSouth?Key:AccordingtosomereportpublishedbyUNin1999,thenumberofdevelopingcountriesthathavebenefitedfromeconomicglobalizationwassmallerthan20.Thedifferenceofincomepercapitalbetweentherichestcountryandpoorestcountryhasenlargedfrom30timesin1960tothecurrent70times.23Step2Findoutthesupportingdetails8．Whatbringsenormousimpactsontheeconomicsafetyandfinancialstabilityofdevelopingcountriesintheprocessofeconomicglobalization？Key:Withcontinuousinnovationoffinancialinstruments,rapidexpansionoffinancialassetsandthetrendofprivatizationofinternationalcapital,alargevolumeofinternationalfloatingcapitalhasbroughtalongenormousimpactsontheeconomicsafetyandfinancialstabilityofdevelopingcountries.9．What’stheeffectofthehugeamountoffloatinginternationalcapitalsondevelopingcountries?Key:Thehugeamountoffloatinginternationalcapitalsmayleaduptobubbleeconomiesanddisorderlyfluctuationofforeignexchangerates.Theymayalsoweakenthemonetarysovereigntyofacountryandbringalongadysfunctionofitsmonetarypolicy.24Step2Findoutthesupportingdetails10．Whatmeasuresaresuggestedtakingtopreventtherisksresultingfromeconomicglobalization?Key:Inthefirstplace,internationaleconomicorganizationsshouldplayabiggerroleintheprocessofeconomicglobalization.Secondly,Interestsofdevelopingcountriesshouldbeguaranteedandtheirsayenlargedintheprocessofdevelopinganewinternationaleconomicorder.Thirdly,thestepofreformingeconomicsystemandreadjustingeconomicstructuresshouldbequickened.25Step2Findoutthesupportingdetails11．Whatmeasuresshouldbeundertakentochangethelimitationsofcurrentinternationaleconomicorganizations?Key:(1)Thecoordinationofthemacroeconomicofdifferentcountriesshouldbestrengthened,andIMFandWorldBankshouldestablishperfectearlywarningsystemagainstfinancialcrisisandbuilduptheirpost-crisissupportingcapacities.(2)Thecross-borderfinancialsupervisionshouldbestrengthened.(3)Appropriatecontrolovertheflowofinternationalcapital,particularlyovertheflowofshort-termcapitalthathasseriousnegativeeffects,shouldbeexercised.26Step3Explaintheimportantlanguagepoints1.Inrecentyears,developedcountriesinthewestaregraduallyenteringtheeraofknowledgeeconomyandhavestartedtoshifttodevelopingcountriesmanylabor-intensiveindustriesofweakinternationalcompetitiveness.近年來，西方發(fā)達(dá)國(guó)家正逐步進(jìn)入知識(shí)經(jīng)濟(jì)的時(shí)代，他們已經(jīng)開始轉(zhuǎn)向發(fā)展中國(guó)家中許多在國(guó)際上競(jìng)爭(zhēng)力薄弱的勞動(dòng)密集型產(chǎn)業(yè)。labor-intensiveindustries：勞動(dòng)密集型產(chǎn)業(yè)，是指進(jìn)行生產(chǎn)主要依靠大量的勞動(dòng)力，而對(duì)技術(shù)和設(shè)備的依賴程度較低的產(chǎn)業(yè)。其衡量的標(biāo)準(zhǔn)是在生產(chǎn)成本中工資與設(shè)備折舊和研究開發(fā)支出相比所占比重較大。27Step3Explaintheimportantlanguagepoints2.Thedominantroleofdevelopedcountriesintheprocessofeconomicglobalizationisreflectedinthefactthatitistheythatdeterminetherulesforinternationaleconomicexchanges.發(fā)達(dá)國(guó)家在經(jīng)濟(jì)全球化過程中一直占據(jù)領(lǐng)導(dǎo)支配地位，它們的支配地位表現(xiàn)為國(guó)際經(jīng)濟(jì)交流規(guī)則是由它們來決定的。28Step3Explaintheimportantlanguagepoints3.Underopeneconomicconditions,theconflictbetweentherealizationofexternaleconomicequilibriumandthatofinternaleconomicequilibriumisagreatconstraintonthemacroeconomicpoliciesofdevelopingcountries,weakeningtheircapacityofmacroeconomiccontrolandregulation.在開放的經(jīng)濟(jì)環(huán)境下，內(nèi)、外部經(jīng)濟(jì)平衡的實(shí)現(xiàn)之間的沖突對(duì)發(fā)展中國(guó)家宏觀經(jīng)濟(jì)政策的實(shí)施是一大限制，它正在削弱發(fā)展中國(guó)家對(duì)宏觀經(jīng)濟(jì)調(diào)控的能力。29Step3Explaintheimportantlanguagepoints4.The“sheep-flockingeffect”andthe“self-fulfillingmechanism”ofmonetarycrisisexistingininternationalfinancialmarketswillfurtherstrengthentheconcussionsufferedbydevelopingcountries.

而國(guó)際金融市場(chǎng)中所存在的貨幣危機(jī)中的“羊群效應(yīng)”和“自我實(shí)現(xiàn)機(jī)制”會(huì)進(jìn)一步加深發(fā)展中國(guó)家的動(dòng)蕩。30Step3Explaintheimportantpoints5.Whatisinstrikingcontrastwiththerapiddevelopmentofeconomicglobalizationisthevacancyofanorganizationforglobaleconomicregulationandcontrolaswellasthelaggingbehindoftheestablishmentofaregulatorysystem.與經(jīng)濟(jì)全球化快速發(fā)展形成明顯反差的是缺乏一個(gè)對(duì)全球經(jīng)濟(jì)進(jìn)行調(diào)節(jié)和控制的組織，以及調(diào)節(jié)機(jī)制建立的滯后。31Step3Explaintheimportantpoints6.Atthemicroeconomiclevel,thegovernmentshouldplaythemajorroleinestablishingincentiveandconstrainingmechanismsinlinewithenterprisesystemandcorporategovernancesoastoimproveenterprises'efficiencyandcompetitiveness.從微觀經(jīng)濟(jì)的水平上來說，政府應(yīng)該在建立符合企業(yè)體制和企業(yè)管理的激勵(lì)和約束機(jī)制中發(fā)揮重要作用，以提高企業(yè)的效率和競(jìng)爭(zhēng)力。32Step4Post–reading

HowshouldChinameetthechallengeofeconomicglobalization?Key:(MeetChallengesTogetherandPromoteSustainableDevelopmentFirst,makeunremittingeffortstofullyrestoreworldeconomicgrowth.Second,takealong-termperspectiveandpromotesustainablegrowth.Torealizesustainableeconomicgrowth,itisimperativetodeveloparesource-conservingandenvironment-friendlymodeofproduction,wayoflifeandmodeofconsumption,andstrikeabalanceamongeconomicgrowth,socialprogressandenvironmentalprotection.

33Step4Post–readingThird,followaholisticapproachandadvocateinclusivegrowth.Toachievesustainablesocialdevelopment,itisimperativetoensurethateconomicglobalizationandeconomicgrowthbenefitallcountriesandregionsandpeopleofallsectors.Fourth,engageincomprehensivecoordinationandpursuebalancedgrowth.Onlybyaccommodatingtheinterestsandneedsofbothdevelopedanddevelopingmembersandbyachievingbalancedandcoordinatedeconomicgrowthofbothsidescanwetrulyhavebalancedandorderlydevelopmentoftheworldeconomy.—Supportsounddevelopmentofthemultilateraltradingregimewithstrongerconfidence.—Meettheclimatechallengethroughfullcooperation.34Step5FillinthefollowingchartsprocessofglobalindustrialrestructuringandreadjustmentFlowChart1developedcountries↓entertheeraofknowledgeeconomy↓shiftmanylabor-intensiveindustriestodevelopingcountries↓cross-countryshiftglobalindustrialreadjustmentFlowChart2enterprises↓toraisepositionsandimprovetheircompetitivenessresorttomergersandacquisitions↓resultedinglobalindustrialrestructuring35Step6ThespecialtermsofTextA

flowofinternationalcapital

openupcurrentaccounts

industrialrestructuringandreadjustmenteconomicglobalizationincomepercapital

internationaleconomicorder36Step7Homework1.Reviewwhatwehavelearnttoday.2.Rememberthespecialterms.3.FinishtheexercisesofTextA.

《財(cái)經(jīng)英語閱讀》教案

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38ChapterOne

EconomicGlobalization

課題：ChapterOneEconomicGlobalization

(3)

課時(shí)：2periods教學(xué)目標(biāo)：

UnderstandthemainideaofTextBandTextCAcquireinsightsintothecausesandeffectsofsubprimecrisis.Haveanideaofthefinancialcrisis'impactonglobalization.MasterReadingSkills:Readingandreadingabilities 39教學(xué)重點(diǎn)及難點(diǎn)Acquireinsightsintothecausesandeffectsofsubprimecrisis.Haveagoodcommandoftherelatedusefultechnicalwordsandphrases40

ReviewthemainpointsinTextAIAnswerthefollowingquestions1.Whatdodevelopedcountriesdoinrecentyearswhenenteringtheeraofknowledgeeconomy?Key:Inrecentyears,developedcountriesinthewestaregraduallyenteringtheeraofknowledgeeconomyandhavestartedtoshifttodevelopingcountriesmanylabor-intensiveindustriesofweakinternationalcompetitiveness.2.Whydoenterprisesresorttomergersandacquisitionsoneafteranother?Key:BecausetheywanttoraisetheirpositionsandimprovetheircompetitivenessattheinternationalmarketTeachingprocedureStep1

Revision41TeachingprocedureStep1

Revision

3.Howdothedevelopedcountriesplaytheirdominantroleintheprocessofeconomicglobalization?Key:Thedominantroleofdevelopedcountriesintheprocessofeconomicglobalizationisreflectedinthefactthatitistheythatdeterminetherulesforinternationaleconomicexchanges.InternationaleconomicandfinancialorganizationsareunderthecontroloftheUnitedStatesandotherwesterncountries.Theyhavebeenusingtheseadvantagestopromoteanddominatethedevelopmentofglobalization.42Step1

RevisionⅡ.ChecktheanswersoftheexercisesoftextA.43Step2Explainreadingskill(1)Readingandreadingabilities.WhatisReadingMostofusthinkofreadingasasimple,passiveprocessthatinvolvesreadingwordsinalinearfashionandinternalizingtheirmeaningoneatatime.Butreadingisactuallyaverycomplexprocessthatrequiresagreatdealofactiveparticipationonthepartofthereader.Togetabettersenseofthecomplexityofreading,readwhatsomeexpertsinthefieldhavesaid

aboutthereadingprocess.44Step2Explainreadingskill(1)Whatdoweread?Themessageisnotsomethinggiveninadvanceorgivenatall，butsomethingcreatedbyinteractionbetweenwritersandreadersasparticipantsinaparticularcommunicativesituation.——RoyHarrisinRethinkingWriting(2000)Readingisaskingquestionsofprintedtext.Andreadingwithcomprehensionbecomesamatterofgettingyourquestionsanswered.——FrankSmithinReadingWithoutNonsense(1997)45Step2Explainreadingskill(1)Readingisapsycholinguisticguessinggame.Itinvolvesaninteractionbetweenthoughtandlanguage.Efficientreadingdoesnotresultfrompreciseperceptionandidentificationofallelements,butfromskillinselectingthefewest,mostproductivecuesnecessarytoproduceguesseswhicharerightatthefirsttime.Theabilitytoanticipatethatwhichhasnotbeenseen,ofcourse,isvitalinreading,justastheabilitytoanticipatewhathasnotyetbeenheardisvitalinlistening.——KennethGoodmaninJournaloftheReadingSpecialist(1967)46Step2Explainreadingskill(1)Literacypracticesarealmostalwaysfullyintegratedwith,interwoveninto,constitutedaspartof,theverytextureofwiderpracticesthatinvolvetalk,interaction,values,andbeliefs.——JamesGeeinSocialLinguisticsandLiteracies(1996)Asyoucansee,readinginvolvesmanycomplexskillsthathavetocometogetherinorderforthereadertobesuccessful.Forexample,proficientreadersrecognizethepurposeforreading,approachthereadingwiththatpurposeinmind,usestrategiesthathaveprovensuccessfultotheminthepastwhenreadingsimilartextsforsimilarpurposes,monitortheircomprehensionofthetext47Step2Explainreadingskill(1)inlightofthepurposeforreading,andifneededadjusttheirstrategyuse.Proficientreadersknowwhenunknownwordswillinterferewithachievingtheirpurposeforreading,andwhentheywon't.Whenunknownwordsariseandtheirmeaningisneededforcomprehension,proficientreadershaveanumberofwordattackstrategiesavailabletothemthatwillallowthemtodecipherthemeaningofthewordstotheextentthattheyareneededtoachievethepurposeforreading.Readingisalsoacomplexprocessinthatproficientreadersgivetothetextasmuchastheytake.48Step2Explainreadingskill(1)Theymakemeaningfromthetextbyusingtheirownpriorknowledgeandexperiences.Proficientreadersareconstantlymakingpredictionswhilereading.Theyarecontinuouslyanticipatingwhatwillcomenext.Theirpriorknowledgeandexperienceswithtextsaswellaswiththeworldaroundthemallowthemtodothis.Itisthiscontinuousinteractionwiththetextthatallowsreaderstomakesenseofwhattheyarereading.49Step3ReadTextBReadTextBandfinishtheexercises.50Step4TextCReadTextCandfinishtheexercises

51Step5Findoutthespecialterms

1.subprimemortgagecrisis2.adjustableratemortgages3.mortgage-backedsecurities4.multilateraltradenegotiation52Step6ConsolidationHelpSstorememberthekeyspecialtermsforthischapterinagameorcompetitiveactivity.53Step7HomeworkReviewwhathasbeenlearnt.Previewforthenextperiods.

《財(cái)經(jīng)英語閱讀》教案

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55ChapterTwo

MoneyMarket課題：ChapterTwoMoneyMarket(1)

課時(shí)：2periods教學(xué)目標(biāo)：GraspthemainideasoftheTextAKnowthefactor&participantsofmoney.56教學(xué)重點(diǎn)及難點(diǎn)UnderstandthemainideasofTextA.Haveagoodcommandoftheusefultechnicalwordsandphrases.57

ReviewthekeyinformationandtherelatedusefultechnicalwordsandphrasesofChapterOne:1.Whatiseconomicglobalization?2.Whatarethetwomajordrivingforces?3.Whatmeasuresaresuggestedtakingtopreventtherisksresultingfromeconomicglobalization?TeachingprocedureStep1

Revision58Step1

Revision2.Pleasetranslatethefollowingwordsorterms:經(jīng)濟(jì)全球化人均收入房地產(chǎn)泡沫市場(chǎng)匯率財(cái)政救援開立活期賬戶國(guó)際資本的流通59Step2PresentationWearequitefamilarwithMarket.DoyouknowthemeaningofmarketinChinese?Therearemanykindsofmarket.Whatkindofmarketdoyouknow?(Doyouknowwhatkindofmarketdowehave?)Inourdailylife,wehavesupermarket,commoditiesmarket,stockmarket,wealsogotamoneymarket.Thentellmedoyouknowwhatismoneymarket?Dowesellmoneyinthemoneymarket?Supposeyoufindyourselfwithalittleidlemoney.Whatwillyoudowithyourmoney?Ifyoudepositinabank,youcanonlyearnlittleinterest.Doyouwanttomakemoremoneywiththemoneyyouhave?Buthowtomakemoneywithmoney?60Step2PresentationIfyouinvestinstockmarket,areyousureyoucanwinandearnsmuchmoney?Asweknow,ifyouwanttotakegreaterrewards,youhavetotakemorerisk.Anddoyouknowwhatkindofinvestmentsisthemostsafestwaytoearnsomemoneyandoffersquickaccesstoyourmoney?Youcaninvestinmoneymarket.Investinginthemoneymarketmayofferyoubetterreturnsthanthoseyoucanearnfromasavingsaccount-andyourmoneyisalmostassafeasitisinthebank.Thistypeofinvestmentisidealformoneyyouwanttoputawayovertheshorttermandyoucanoffersquickaccesstoyourmoney.Anddoyouknowwhatismoneymarket?Ok,nowfirstofall,let’sturntoChapter2,andreadthetextandfindoutwhatismoneymarketexactlyfirstandwhat’sthecharacteristicsofit.·61Step3

Fastreading

Alright,nowIwouldliketogiveyou10minutestoreadTextA,discussingroupsandtrytofindoutsomekeyinformationtothequestions.Thenhavesomegroupsreporttheirdiscussionresults.1.Whatismoneymarket?Key:Themoneymarketisawholesalemarketforlow-risk,highlyliquid,short-termdebtinstrumentsorpromissorynote.Itisamarketforvarioussortsofdebtsecuritiesratherthanequities.Traditionally,itisdefinedasthemarketforfinancialassetsthathaveoriginalmaturitiesofoneyearorless.62Step3

Fastreading2.Whatarethecharacteristicsofmoneymarket?Key:Firstandmostobviously,moneymarketisnotonemarketbutacollectionofmarketsforseveraldistinctanddifferentinstruments.Asecondsalientcharacteristicisthenumerousandvariedcastofparticipants.Thirdly,thekeycharacteristicofthemoneymarketisthatitisawholesalemarket.Thefourthcharacteristicishonor.Fifth,innovation.633.Whatdothemoneymarketinstrumentsmainlyconsistof?Key:Themoneymarketinstrumentsmainlyconsistoftreasurybills,certificatesofdeposit,commercialpaper,bankers’acceptancebill,repurchaseagreement,municipalnotsandothers.Step3

Fastreading64Step4

ThestructureoftextA

Pleasefindoutthestructureofthetextandthemainideaofeachpart.You’rerequiredtodiscussingroupsandselectonemembertotellusthemainideaofthetextinyourownwords.65Step4

ThestructureoftextAPartⅠOpeningremarksPartⅡDistinguishfactor&ParticipantsofMoneyMarketPartⅢCharacteristicsofMoneyMarketPartⅣMoneyMarketInstruments66Step5DetailsofpartI&II

FindoutthesupportingdetailsofPartI&IIGuideSstofindoutthesupportingdetailsbyansweringthefollowingquestions:PartⅠGuideSstofindoutthesupportingdetailsbyansweringthefollowingquestions.1.Whatismoneymarketinessence?Key:Inessence,itisthemarketforshort-termdebtinstruments.2.Whatarethefinancialassetstradedinmoneymarket?Key:Financialassetstradedinmoneymarketincludesuchinstrumentsastreasurybills,commercialpaper,bankersacceptances,certificatesofdeposit,repurchaseagreements,billsofexchangeandsoon.673.Whatisthemainfunctionofthemoneymarket?Key:Themainfunctionofthemoneymarketistoraisefund,forthegovernment,financialinstitutions,enterprisesandpersonalinvestorstomanagetheirassets.4.Whatisthecoreofthemoneymarket?Key:Thecoreofthemoneymaketconsistsofbanksborrowingandlendingtoeachother,usingcommercialpaper,repurchaseagreementsandsimilarinstruments.Step5DetailsofpartI&II68Step5DetailsofpartI,II,IIIPartII1.Whatisthedistinguishingfactorofthemoneymarket?Key:Thedistinguishingfactorofthemoneymarketisthatitprovidesforonlyshort-termcashrequirements,capitalflowchannels,usuallynormorethanayear.2.Whydowesaythemoneymarketwillalwaysberequired?Key:Themarketwillalways,withoutfail,berequiredbecausetheneedsoflongcashandshortarenevercompletelysynchronized.69Step5DetailsofpartI&II3.Isitrightthatmostoftheparticipantareborrower?Key:No.largenumbersofthemarebothborrowersandlendersatthesametime.Whataretheparticipantsofthemoneymarket?Key:Theparticipantsinthemarketaremanyandvaried,andlargenumbersofthemarebothborrowersandlendersatthesametime.Theyinclude:(1)..(2)..(3)..(4)..(5)..(6)...70Step6Explaintheimportantpointsinstitutions,enterprisesandpersonalinvestorstomanage1.Themoneymarketisawholesalemarketforlow-risk,highlyliquid,short-termdebtinstrumentsorpromissorynote.貨幣市場(chǎng)是一個(gè)低風(fēng)險(xiǎn)、流動(dòng)性強(qiáng)的短期債務(wù)票據(jù)或借據(jù)借貸的資金批發(fā)市場(chǎng)。2.FinancialassetstradedinthismarketincludesuchinstrumentsasTreasurybills,commerci