2024年3月28日发(作者：谷歌地球专用加速器)

Unit Seven Risk and Crisis

Teacher’s Manual

Lead-in Activities

A Small Quiz:

The lower your scores are the more risk-aversion you are. If you chose 1 for

every question, it means you’re a highly self-controlled person, unwilling to leave

anything to chance and value security above all. Otherwise if you chose 3 for every

question, it means you’re a daredevil living for thrill of risk and known for making

bold moves.

Discussion:

1. Risk is the potential that a chosen action or activity (including the choice of

inaction) will lead to a loss (an undesirable outcome). The notion implies that a

choice having an influence on the outcome exists (or existed). Potential losses

themselves may also be called “risks”. Almost any human endeavor carries some

risk, but some are much more risky than others. Crisis is any event that is, or

expected to lead to, an unstable and dangerous situation affecting an individual,

group, community or whole society.

2. Every business organization contains various risk elements while doing the

business. Business risks implies uncertainty in profits or danger of loss and the

events that could pose a risk due to some unforeseen events in future, which

causes business to fail. Business risks can be classified by the influence by two

major risks: internal risks (risks arising from the events taking place within the

organization) and external risks (risks arising from the events taking place outside

the organization).

3&4. No definite answer. It’s up to each student’s own experience and

reasoning.

Business terms: please complete the words with the first letter given and

then match the business terms with the corresponding definitions.

1. Annuity

2. Bail out

3. Security

4. bank run

5. Liquid asset

6. Subprime loan

7. Hedge fund

8. Default

9. Blue-chip

10. Balance sheet

Reading Comprehension Skills.

1. Please fill in the blanks with the words from the box below.

1) liquidity 2) lull, into 3) quieten 4) akin to 5)

mutualized

6) avert 7) wear off 8) peripheral 9) sprawl across 10)

Austerity

2. Please translate the following sentences into Chinese.

1) 这笔资金及时避免了银行破产和主权债务违约的危险，但似乎也使得一些欧洲政治

家误以为他们可以放松警惕、高枕无忧了。

2) 在私人债务破产, 经济持续萎缩的环境下，仅依赖于财政紧缩政策来应对通货紧缩

和经济萧条只会雪上加霜，使基础财政状况更加恶化。

3) 任何向这种欧洲债券方向发展的新举措都应在满足大众对公共安全资产的需求和可

能引发的道德风险之间取得平衡。

4) 这种反对的声音不会在短时间内被克服：创造出合适的金融、财政和民主负责的机

构来匹配欧洲的单一货币，还有很长的路要走。

3. Please answer the following questions.

1) “Medicine” was a metaphor the author used to refer to the ECB’s

intervention of Europe’s financial crisis, which in the author’s opinion, still

proved to be effective at the moment but would not keep being so. Therefore

Europe needs more powerful solution to deal with the euro crisis.

2) The euro crisis was originally caused by Governments of Europe’s

peripheral economies adopting tightening fiscal policies and reform efforts.

3) It is suggested mainly in the passage that euro-zone countries’ best

solution is to shift more national responsibilities and liabilities towards a mutual

euro-zone level.

Listening Skills

Ω Listen to the news piece about U.S. unemployment.

Listening Scripts:

The news for people lining up to apply for jobs got a little better on Friday. The

Labor Department says November’s jobless rate was 8.6 percent, an

improvement of four-tenths of a percent from October.

The data also show that the U.S. economy gained 120,000 jobs, which is about

the number of jobs needed to accommodate new entrants to the workforce.

The slow economy has hurt city and state governments, which continued

cutting jobs. But private companies boosted hiring by 140,000, particularly in retail,

professional services, and health care.

U.S. President Barack Obama said the American economy has created private

sector jobs for the past 21 months, nearly three million in all.

Mr. Obama said “we need to keep that growth going” and urged Congress

to stop blocking laws that he said would help create jobs.

“Now is not the time to slam the brakes on the recovery, right now is the time

to step on the gas,” he said. “We need to get this done.”

The high unemployment rate is a top issue in the 2012 race for president. And

Republicans, including Speaker of the House John Boehner, again blamed U.S.

economic problems on President Obama’s policies.

“Any job creation is welcome news, but the unemployment rate in our

country is still unacceptably high,” he said. “November marks the 34

th

consecutive month with unemployment above eight percent.”

Boehner says a closer look shows that the rate declined in part because