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1,Objectives,2,CulturalNotes,Whatiseconomiccrisis?,Aneconomiccrisisreferstoasituationinwhichtheeconomyofcountryexperiencesasuddendownturnbroughtonbyafinancialcrisis.AneconomyfacinganeconomiccrisiswillmostlikelyexperienceafallingGDP,adryingupofliquidity(流动性萎缩)andrising/fallingpricesduetoinflationordeflation.Aneconomiccrisiscantaketheformofarecessionordepression.,3,WhattriggeredUSsubprimemortgagecrisis?,Anationalbankingemergency;Alargedeclineinhomeprices;Declinesinresidentialinvestment;Reductionsinhouseholdspendingandbusinessinvestment;Mortgagedelinquencies(拖欠)andforeclosures(取消抵押品赎回权);Thedevaluationofhousing-relatedsecurities(有价证券).,4,Howdoeseconomicrecessionaffectordinarypeople?,Thisnarrativeessay,usingtheexampleofSue,isgoingtodepictthesevereimpactthattheeconomiccrisisexertedonordinaryworking-classpeople.,5,GlobalReading,1.Whatwastheconsequencewhenlargenumbersofhomeownersfailedtorepaytheirloans?2.Whatwere“99ers”?3.Whatdidtheunemploymentbenefitsmeantothelayoffs?4.WhichaspectofSueslifewasaffectedbytheeconomiccrisis?,6,5.WhydidSuethinktheonlyhelpshewasgoingtogetwasfromherself?6.WhatnewstrugglesandobstaclesdidSuehavetofacewhensheappliedforajob?7.DoyouthinkSueslifewillbebetterandbetterafterherreceiving$300cashfromheroldfriend?Why?,7,Structure,Introduction(Para.1)ManyPeopleexperiencedlongmonthsofstruggleswhentheeconomicslumpsweptacrossthenation.,Body(Para.2-17)TheEconomiccrisisbroughtaboutdisastrouseffectsonSueslife.,Para2-6:TheBeginning,Para7-13:EveryAspectsoflife,Para14-16:Endeavortofight,Para17:Conclusion,8,TextStudyPart,ReadingComprehension,1.Whatwastheconsequencewhenlargenumbersofhomeownersfailedtorepaytheirloans?Thecompaniesthathadtheoversightandthosethatownedtheloans(aswellastheirsubsidiariesandtheirshareholders)lostsizableamountsofmoney,whichwillsoonspiraledintotheUSjobmarketaslayoffsandtermination.Manypeopleexperiencedlongmonthsofstruggles.,9,LanguageFocuses,Paraphrase:“TheeconomicslumpsomanypeoplesufferedthroughoriginateintheUnitedStates,witharegulatoryfailureofmortgatesratedlessriskythantheyturnedouttobe.(Para.1)TheeconomicdeclinefirstoccurredintheUS.Theauthoritiesdidnotproperlyevaluatetheriskofmortgages,whichprovedtobefarmoreseriousthanexpected.Buttheyfailedtotakeeffectivemeasurestoregulatethemortgages,andalargenumberofpeoplewereseverelyaffected.,10,Paraphrase:“TheeffectsofthesedrasticlossessoonspiraledintotheUSjobmarketaslayoffsandterminations.”(Para.1)ThedrasticlossessoonseriouslyaffectedtheUSjobmarketmanypeoplelosttheirjobsandbecameunemployed.,11,Introductionaboutthegreatimpactcausedbytheeconomiccrisis,Manypeopleexperiencedlongmonthsofstruggleswhentheeconomicslumpsweptacrossthenation.,Sum-up,12,TextStudyPart,Body(Para.2-17)TheEconomiccrisisbroughtaboutdisastrouseffectsonSueslife.,Para2-6:TheBeginning,Para7-13:EveryAspectsoflife,Para14-16:Endeavortofight,Para17:Conclusion,13,Para2-6:,ReadingComprehension,2.Whatwere“99ers”?Theywerejoblesspeoplewhowerenolongerallowedtoclaimunemploymentinsurancebenefitswhichtheycouldonlyreceivefor99weeks.,3.Whatdidtheunemploymentbenefitsmeantothelayoffs?,Althoughtheunemploymentbenefitsweresmallinamount,theyhelpedjoblesspeopletosurviveandtokeeptheirlifegoing.,14,LanguageFocuses,Paraphrase:“Long-termunemploymentwasatrecordlevels”(Para.5)Thetotalnumberofpeoplewhodidnthavejobsforalongperiodoftimereachedthehighestlevel.,15,Whereisshegoing?,Suepackedupanddroveoutoftown.,Shewoundupatamotel.,Sum-up,Suefacedlifeasmigrantafterbeingevictedfromherapartment.,Para.2,Para.3,16,Thecauseofherpresentlife-theexhaustionofherunemploymentbenefits.,Suewasa“99er”.,Unemploymentbenefitswereherlifeline.,Shebegantotumbleovertheeconomiccliff.,Para.4,Para.5,Para.6,More,17,Para7-13:,ReadingComprehension,4.WhichaspectofSueslifewasaffectedbytheeconomiccrisis?,herincomeherlivingstandardhereducationopportunityheraccommodation/shelterherbeliefandconfidenceinlifeherself-esteem.,18,LanguageFocuses,Whatsthetoneofthesentence“Suewouldhavebeenevictedfromhertwo-bedroomapartmenttheprocesswasdelayedbypaperworkandbureaucracy.”(Para.10)Itsbothhelplessandsarcastic.Ononehand,inherhelplessconditionafterlosinghercorporatejob,Suewasluckythatherevictionfromherapartmentwasdelayed,whichenabledhertostaytherealittlelonger.Ontheotherhand,thefactthatshecouldstilllivingintheapartmentwithoutpayingrentsuggestssarcasmoftheefficiencyofthebureaucracy.Theuseof“shouldhavedone”and“thankfully”isironicinthetone.,19,Whatdoesitmean“Sueevenconsideredturningthesteeringwheelofhercarintoatreeandendingherlifestorythere.”(Para.11)Sueeventhoughtofbumpinghercaragainstatreeandkillingherselfrightthere.ThisimpliesthatSuehadnearlylostherhopeforlife.,20,Whydoyouthinkthat“noneofherthreeadultsonswereinapositiontohelpher(Sue)”?(Para.13)Becauseherthreeadultsonsmightalsobeseverelyaffectedbythiseconomicslumpthatsweptacrossthenationandtheymayalsogetintofinancialdifficulties.,21,Beliefandconfidence,Shelter,Education,Livingstandard,HowtheeconomiccrisisaffectedSueslife.,Income,Self-esteem,Sum-up,22,Para14-16:,5.WhydidSuethinktheonlyhelpshewasgoingtogetwasfromherself?,Shecouldntreceiveeffectivesupportfromthegovernmentandsocialorganizations.Furthermore,whatsheneededwasfarbeyondwhatherfriendscouldofferandhersonswerealsonotinapositiontohelpher.So,shecouldonlyrelyonherself.,ReadingComprehension,23,6.WhatnewstrugglesandobstaclesdidSuehavetofacewhensheappliedforajob?Shehadtodealwithnewdifficultieslikewhattodoforanaddressforjobapplications,andworriedthatcallswouldnotreachherbecausehercellphonewascutofffornon-payment.,24,Whatdoesitimply“SuesdayswerespentsurfingInternetjobindex,applyingforjobswherethesilentNo.No.No.gavewaytoafeelingofhelplessness”?(Para.15)Shehadmadeeveryendeavortofightagainstthereality,hopingtofindajobandliveonherown.Buttherealitywassoharshthatitdestroyedherhope.,LanguageFocuses,25,Whyisthe“address”anobstacleforhertodealwithforjobapplications?(Para.16)Becauseasweknow,shewasevictedfromherapartment,andhasnoregularplacetolive.Butinjobapplication,onehastoleavehis/heraddresswiththecompany,whichisaproblemforherbecauseshehadlosthershelteranddidntknowwhereshewouldbeforthenextmoment.,26,Sum-up,Suestruggledtofighttheharshreality.,Para.14,Shedecidedtoliveonherown.,Para.15,Herendeavortofightagainsttheharshrealitygavewaytohelplessness.,Para.16,Shehadallnewstrugglesandobstaclestodealwith.,27,Para17:,7.DoyouthinkSueslifewillbebetterandbetterafterherreceiving$300cashfromheroldfriend?Why?,No.Thereisnodoubtthatthiswastheonlyhopeinherdifficultsituation,butitwasjustatemporaryremedy.Shecouldntliveonthatkindofhopeverylongandherfuturemightbeevenmorebrutal.,ReadingComprehension,28,ConclusionofSuesStory,Sheneededtocontinueherstruggleforaliving.,Sum-up,29,Suefacedlifeasamigrantbecauseherunemploymentbenefitshadexpired.(Paras.2-6),Theeconomiccrisisaffectedeveryaspectofherlife.(Paras.7-13),Suestruggledtofighttheharshreality.(Paras.14-16),Sueneededtocontinueherstruggleforaliving.(Para.17),SummaryoftheWhole,30,Toextendtheperiodofunemploymentinsurancebenefitsforpeople;Tocreatejobopportunitiestohelpthemwithemployment.,WhatinitiativesshouldthegovernmentundertaketosavepeoplelikeSueformfeelingdespaired?,CriticalThinking,31,1)protecttheenvironment;2)helppeoplewhomaybetooyoung,tooold,tooillorotherwiseunable;3)maintaineconomicstability.,Whichdoyouthinkisimportantforthegovernmenttoregulateeconomicactivities?,32,Sincefreemarketeconomyisdrivenbyindividualinnovationandthenotionthathardworkandcreativitywillberewardedbysuccess,weshouldstrivetodoourbesttomakemorevaluablecreation.,Whichdoyouthinkisimportantforthegovernmenttoallowthemarketcompletefreedom?,33,Whenusingthewritingthetechniqueforcauseandeffect,wehavetoconsidertwostrategicpoints:Whetherweareexploringcausesoreffectsorboth;Whatistheorderofthecausesoreffectswearegoingtofollow,e.g.fromtheleasttothemostimportantorviceversa.,StructuredWriting,Furtherdevelopacause-and-effectessay,34,ThePurposeofcause-and-effectessaysToexplaintoreaders:thecauseofaneventorsituation;theeffectsofaneventorsituation;bothcausesandeffects.,35,Whatshouldwefocusonwhenwritingthistypeofessay?Thetypeofessaywewritedependsonourtopicandmainpoint.Ifwewanttoexplainwhywemovedoutofourfamilyhome,ouressaywouldfocusoncauses.Ifwewanttotellreaderstheimpactapersonhadonourlife,ouressaywouldfocusoneffects.Inthisunit,wedliketodrawstudentsattentiontoeffects.,36,LetslookatParagraph1&Paragraphs7-13ofTextAtoseehowcause-and-effectmethodisusedtodevelopideas:,37,ParagraphIistheintroductionofthepassage,servingastherootcausewhysomanypeopleexperiencedlongmonthsofstruggleswheneconomicslumpsweptacrossthenation.,Cause,Analysisofthetext,Herlossofincome.(Para.7),Effects,Herlossofhighlivingstandard.(Para.8),Herunfinishededucation.(
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