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SPEAKING. A. Useful language: Negotiating.
A. Useful language: Negotiating.
Ex. 1. Study the Useful language box below.
Ex. 2. Role play these negotiations. Try to get a good outcome in each situation.
B. Read the dialogue and practice the conversation between a journalist and a Finance Minister.
Ex. 3. Make dialogues according to the model discussing the level of inflation and the rate of economic growth for the coming year in Belarus, the European Community and the USA. C. Discuss the following issues: 1. What are the effects of inflation on economy and people’s well-being? 2. Why a certain rate of inflation is considered to be favourable for the economy? 3. What examples of hyperinflation do you know? 4. Why don't prices decline during a recession? 5. Sometimes inflation is compared to a tax. How will you comment on this? 6. What is the relationship between inflation an unemployment? 7. What happens to silver and gold prices during inflation? Why? 8. What are the effects of inflation on real GDP? 9. What can be done to control inflation? D. Dwell on: – Inflation and hyperinflation. Their effects on economy and well-being. – Consumer Price Index. – Demand-pull inflation and its causes. – Cost-push inflation and its sources. – Inflation and the real and nominal interest rates. – The current level of inflation in the USA, EU and Belarus.
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