新视野大学英语（第四版）读写教程3（思政智慧版）课件 B3U6 The economy power behind everyday life Section B

Unit6Theeconomy:powerbehindeverydaylifeHungerisnottheworstfeatureofunemployment;idlenessis.—WilliamE.Barrett(Americanwriter)读写教程3外语教学与研究出版社空军工程大学ReadingskillsTextstudyLanguagefocus新视野大学英语（第四版）读写教程1SectionB新视野大学英语（第四版）读写教程3新视野大学英语（第四版）读写教程1Discussthefollowingquestionsbasedonyourreadingexperiences.Activity1新视野大学英语（第四版）读写教程3ReadingskillsSkilllearningQ1:Whatisthesignificanceofrecognizingdefinitionsinatext?Recognizingdefinitionsinatextisanessentialskillforreadingcomprehension.Ifwecanrecognizedefinitionsofwordsinatext,wecanunderstandthemeaningofdifficultwordsorphraseseasily.Reference

新视野大学英语（第四版）读写教程1Activity1新视野大学英语（第四版）读写教程3ReadingskillsSkilllearningQ2:Whatarethecontextualcluestohelpreadersrecognizedefinitionsinatext?Thecontextualcluessuchassynonyms,examples,orotherclueswillhelpreadersrecognizedefinitionsinatext.Reference

Discussthefollowingquestionsbasedonyourreadingexperiences.新视野大学英语（第四版）读写教程1Activity1新视野大学英语（第四版）读写教程3ReadingskillsSkilllearningQ3:Howcanweidentifythesecluesinthetext?Toidentifytheseclues,weneedtolookatthesurroundingsentences,analyzethestructureofthesentence,lookforkeywordsorphrases,usepriorknowledgeandexperience,etc.Reference

Discussthefollowingquestionsbasedonyourreadingexperiences.新视野大学英语（第四版）读写教程1Thedefinitionsofdifficultwordsorphrasesmaybedevelopedinthefollowingways:__________.explainthemeaningofatermfirstlyandthenaddsomedetailsB.developadefinitionthroughexamplesC.developadefinitionthroughcomparisonandcontrastD.developadefinitionbydescribinghowacertaineventhappensWorkingroupsanddiscusshowthedefinitionsofdifficultwordsorphrasesaredeveloped.Activity2新视野大学英语（第四版）读写教程3ReadingskillsSkilllearningReadthefollowingexamplesinTextAanddecodethemeaningsofunderlinedwordsbyrecognizingtheirdefinitionsinthetext.Thentalkabouthowthedefinitionsaredeveloped.新视野大学英语（第四版）读写教程1Shewaspartofahard-luckgroupofjoblesspeoplewhocalledthemselves“99ers”,becausetheyhadexhaustedthemaximum99weeksofunemploymentinsurancebenefitsthattheycouldclaim.(Para.4)SkilllearningActivity3新视野大学英语（第四版）读写教程3ReadingskillsExample1Q:Whoarethe“99ers”?新视野大学英语（第四版）读写教程1The“99ers”areahard-luckgroupofjoblesspeoplewhohaveexhaustedthemaximum99weeksofunemploymentinsurancebenefitsthattheycouldclaim.Theauthorprovidesthemeaningof“99ers”byexplaininghowpeoplebecame“99ers”inthecrisis.Reference

ReadingskillsSkilllearning新视野大学英语（第四版）读写教程3ReadthefollowingexamplesinTextAanddecodethemeaningsofunderlinedwordsbyrecognizingtheirdefinitionsinthetext.Thentalkabouthowthedefinitionsaredeveloped.新视野大学英语（第四版）读写教程1Modestpaymentsofunemploymentbenefitswerealifelinethatenabledpeoplewhowereoutofworktomaintainatleastanappearanceofnormalcy,keepingaroofovertheirheads,puttinggasintheircars,andpayingelectricandphonebills.(Para.5)SkilllearningActivity3新视野大学英语（第四版）读写教程3ReadingskillsExample2Q1:Whatdoes“lifeline”meaninthisparticularcontext?新视野大学英语（第四版）读写教程1“Lifeline”inthecontextmeanssomethingthatenablespeoplewhoareoutofworktomaintainatleastanormallife.Theauthorhereusesanattributiveclausetoexplainwhata“lifeline”means.Reference

ReadingskillsSkilllearning新视野大学英语（第四版）读写教程3ReadthefollowingexamplesinTextAanddecodethemeaningsofunderlinedwordsbyrecognizingtheirdefinitionsinthetext.Thentalkabouthowthedefinitionsaredeveloped.新视野大学英语（第四版）读写教程1Modestpaymentsofunemploymentbenefitswerealifelinethatenabledpeoplewhowereoutofworktomaintainatleastanappearanceofnormalcy,keepingaroofovertheirheads,puttinggasintheircars,andpayingelectricandphonebills.(Para.5)SkilllearningActivity3新视野大学英语（第四版）读写教程3ReadingskillsExample2Q2:Whatdoes“normalcy”refertointhetext?新视野大学英语（第四版）读写教程1“Normalcy”inthetextreferstothenormallivingconditionsinwhichpeopleareabletokeeparoofovertheirheads,putgasintheircars,payelectricandphonebills,etc.Theauthorexplainsthemeaningof“normalcy”bygivingspecificexamples.Reference

ReadingskillsSkilllearning新视野大学英语（第四版）读写教程3新视野大学英语（第四版）读写教程1ReadTextBandanswerthefollowingquestions.Thentrytoidentifyhowthedefinitionsofthetermsaredevelopedinthecontext.Activity新视野大学英语（第四版）读写教程3ReadingskillsApplyingyourskillsQ1:Whatare“economicbubbles”?Q2:Whatisthe“negativefeedbackmechanism”oftheeconomy?Q3:Whatisthe“greaterfooltheory”?Q4:Howis“herdmentality”definedhere?Q5:Whatisa“stockmarketcrash”?Q6:Whatisthe“dot-combubble”?新视野大学英语（第四版）读写教程1Q1:Whatare“economicbubbles”?新视野大学英语（第四版）读写教程3Reference

Economicbubblesoccurwhen,foranynumberofreasons,excessiveinvestmentincommodities(suchasoil),securities(suchasstocksandbonds),realestate,orcollectiblesdrivesuppriceswellbeyondtheitem’sintrinsicvalue.Thisdefinitionof“economicbubbles”isdevelopedbydescribingthecausesandeffectsof“economicbubbles”.ReadingskillsApplyingyourskills新视野大学英语（第四版）读写教程1Q2:Whatisthe“negativefeedbackmechanism”oftheeconomy?新视野大学英语（第四版）读写教程3Reference

Itisamechanismthatadjustspricesdownwardwhenrisingpricesencourageeithergreaterproductionofacommodityorgreaterwillingnessofcurrentownerstosell.Inordertomaketheconceptclear,ananalogyisusedtoillustratehowtheeconomicfeedbackmechanismworks.ReadingskillsApplyingyourskills新视野大学英语（第四版）读写教程1Q3:Whatisthe“greaterfooltheory”?新视野大学英语（第四版）读写教程3Reference

Buyersjustifytheirpurchasesbyassuringthemselvesthattheywillfind“agreaterfool”whowillpayevenmore.Thedefinitionofthe“greaterfooltheory”startswiththemeaningoftheterm,andthenisfollowedbyanexplanationandonefamousexample.ReadingskillsApplyingyourskills新视野大学英语（第四版）读写教程1Q4:Howis“herdmentality”definedhere?新视野大学英语（第四版）读写教程3Reference

Theauthordefines“herdmentality”throughanexample:Toomanybrokersrushtobuy,drivingpriceslikemercuryupathermometertolevelsthatproveunrealistic.ReadingskillsApplyingyourskills新视野大学英语（第四版）读写教程1Q5:Whatisa“stockmarketcrash”?新视野大学英语（第四版）读写教程3Reference

Whena“herdmentality”setsinandtoomanybrokersrushtobuystockinacompany,drivingpricesunrealisticallyhigh.Eventually,furtherincreasesarenotforthcomingandpricedeteriorationdevelops,followedbyaswiftdrop.Whenthishappenstotoomanycompaniesinaggregate,itiscalledastockmarketcrash.Thedefinitionof“stockmarketcrash”isgiventhroughthedescriptionofhowexactlyastockmarketcrashhappens.ReadingskillsApplyingyourskills新视野大学英语（第四版）读写教程1Q6:Whatisthe“dot-combubble”?新视野大学英语（第四版）读写教程3Reference

ThebuzzabouttheeconomicpossibilitiesoftheInternetencouragedinvestorstofundthecreationofmanydot-comcompanies–toomany,itturnedout.Forseveralyears,dozensofentrepreneurssoughttoduplicateforthemselvestheresultsofthosethathadcomebefore.ManyinvestorsenvisagedwealthforanybusinesswithawebsitethatcouldadvertiseonTVorbillboards,evenifitsactualserviceswereambiguous.Instead,onMarch10,2000,thedot-comboomreacheditspeakandoverthenexttwoandahalfyears,theindexdroppedsharply.Mostcompaniesblunderedintoawfulfinancialdifficulties.Thatisthedot-combubble.ReadingskillsApplyingyourskills新视野大学英语（第四版）读写教程1Q6:Whatisthe“dot-combubble”?新视野大学英语（第四版）读写教程3Reference

Theterm“dot-combubble”isdefinedbyadetaileddescriptionofhowithappened.ReadingskillsApplyingyourskills新视野大学英语（第四版）读写教程1ReadingskillsTextstudy新视野大学英语（第四版）读写教程3Economicbubbles:causesandconditions新视野大学英语（第四版）读写教程1Q1:Whatisabubbleaccordingtoeconomists?Q2:Whatexamplesareusedtoexplainthedefinitionofeconomicbubbles?Q3:Whatarethepossibleresultsofeconomicbubbles?Watchavideocliponthenextslideandanswerthefollowingquestions.Lead-inactivitiesActivity1新视野大学英语（第四版）读写教程3ReadingskillsTextstudy新视野大学英语（第四版）读写教程1新视野大学英语（第四版）读写教程3ReadingskillsTextstudyThepriceofsomeproductsroseandroseandwasmuchmorethantheywereworthandthenabruptlyplummeted.Economistscallthisabubble.Reference

ReadingskillsTextstudyQ1:Whatisabubbleaccordingtoeconomists?新视野大学英语（第四版）读写教程1新视野大学英语（第四版）读写教程3Lead-inactivitieshighpriceoftulipsinthe17thcenturystocksinnewexcitingwebsitesinthe1990sReference

ReadingskillsTextstudyQ2:Whatexamplesareusedtoexplainthedefinitionofeconomicbubbles?新视野大学英语（第四版）读写教程1新视野大学英语（第四版）读写教程3Lead-inactivitiesThemarketdemandendssuddenly.Pricesarepushedtostaggeringlows.Thebubblesburstandthemarketcrashes.Reference

ReadingskillsTextstudyQ3:Whatarethepossibleresultsofeconomicbubbles?新视野大学英语（第四版）读写教程1新视野大学英语（第四版）读写教程3Lead-inactivities新视野大学英语（第四版）读写教程1Workingroupsandtalkabouttheeconomicbubblesyouknowinsociety.Thendiscussthereasonsfortheeconomicbubblesbasedonyourunderstanding.Activity2新视野大学英语（第四版）读写教程3ReadingskillsTextstudyReference

Housepricesinmetropoliseshadrisensharplyinpreviousdecades.Manypeopletendedtofollowthetrendandinvestedmoremoneyonhousesinthehopeofgainingmorebenefits,pushinghousepricesgoupwardsandfarbeyondtheirintrinsicvalue.Thisboominpricefinallyendedinahousemarketbubble.Lead-inactivities新视野大学英语（第四版）读写教程1Workinpairsanddiscussthefollowingquestion.Activity3新视野大学英语（第四版）读写教程3ReadingskillsTextstudyLead-inactivitiesQ:Isitnecessaryforuniversitiestoincorporatefundamentaleconomicsintotheircorecurriculum?Whyorwhynot?Yes,itis.Knowledgeofeconomicsandtheabilitytoapplyittoproblem-solvingarefundamentalcomponentsofresponsiblecitizenshipinoursociety.Beingabletocomprehendandusebasiceconomicconceptshelpsindividualsperformadequatelyasproducers,consumers,andinvestors.Andforournation,ifamajorityofcitizensunderstandandcanutilizeeconomicsintheirdailylives,itwouldleadtoamoreprosperouseconomy.Reference

ReadingskillsTextstudy新视野大学英语（第四版）读写教程1新视野大学英语（第四版）读写教程3Lead-inactivitiesNo,it’snotnecessary.Forstudentsnotmajoringineconomics,theyhavelimitedtimeandenergyforeconomicscourses.Itwouldbebeneficialifstudentsgettoknowsomebasicprinciplesofeconomics.Buttheirprimaryfocusshouldbeontheirmajors.Theycanlearnabouteconomicsintheirsparetimeiftheyareinterested.Reference

ReadingskillsTextstudy新视野大学英语（第四版）读写教程1新视野大学英语（第四版）读写教程3Lead-inactivities新视野大学英语（第四版）读写教程1Q:Whatisthegenreofthetext?AArgumentationBNarration

CExposition

DDescription新视野大学英语（第四版）读写教程3ReadingskillsTextstudyGlobalunderstandingActivity1Gothroughthetextandchoosethecorrectanswerto

the

following

questions.新视野大学英语（第四版）读写教程1Q:Whatisthetextmainlyabout?Activity2新视野大学英语（第四版）读写教程3ReadingskillsTextstudyGlobalunderstandingGothroughthetextandanswerthe

question.Reference

Thetextismainlyaboutthecausesandconditionsofeconomicbubbles.新视野大学英语（第四版）读写教程1新视野大学英语（第四版）读写教程3ReadingskillsTextstudyGlobalunderstandingActivity3Readthewholetextandworkoutthestructureofitwiththehelpofthetable.MainIdeaPartI(Para.1)PartII(Paras.2-3)PartIII(Paras.4-8)Thedefinitionofeconomicbubbles.Thecausesofeconomicbubbles.Economicbubblesindifferentarenas.新视野大学英语（第四版）读写教程1Activity1新视野大学英语（第四版）读写教程3Q:Whatareeconomicbubbles?Detailedunderstanding:Para.1ReadPara.1andanswerthequestion.ReadingskillsTextstudyReference

Economicbubblesoccurwhenexcessiveinvestmentincommodities(suchasoil),securities(suchasstocksandbonds),realestate,orcollectiblesdrivesuppriceswellbeyondtheitem’sintrinsicvalue.新视野大学英语（第四版）读写教程1ReadPara.1andchoosethecorrectanswer.Detailedunderstanding:Para.1Activity2新视野大学英语（第四版）读写教程3ReadingskillsTextstudyQ:Whichofthefollowingistheconsequenceofeconomicbubbles?APanicbuying.BAcrashinprice.CExcessiveinvestment.DRaisedpurchasingpower.新视野大学英语（第四版）读写教程1ReadPara.2andchoosethecorrectanswer.Activity1新视野大学英语（第四版）读写教程3ReadingskillsTextstudyQ:WhyareeconomicbubblesbynomeansthenormaccordingtoPara.2?ASpeculatorsarenervousabouttheirinvestment.BPeopleusuallyknowtheintrinsicvalueofanasset.CManufacturersarereluctanttoexpandproductionforfearofrisk.DOverpricedproductsarebeyondthepurchasingpowerofcustomers.Detailedunderstanding:Para.2新视野大学英语（第四版）读写教程1Activity2新视野大学英语（第四版）读写教程3Detailedunderstanding:Para.2ReadPara.2againandanswerthefollowingquestions.ReadingskillsTextstudyQ1:Whatdoes“suchinvestment”refertoaccordingtothetext?Q2:Whydospeculatorsriskmoneyin“suchinvestments”?Q3:Whatmightbethenegativeimpactof“suchinvestments?”新视野大学英语（第四版）读写教程1Q1:Whatdoes“suchinvestment”refertoaccordingtothetext?新视野大学英语（第四版）读写教程3ReadingskillsTextstudyReference

“Suchinvestment”referstotheexcessiveinvestmentinsomecommoditiessuchasoil,stocksorrealestate,thepricesofwhichmaybewellbeyondtheitem’sintrinsicvalue.Detailedunderstanding:Para.2Activity2ReadPara.2againandanswerthefollowingquestions.新视野大学英语（第四版）读写教程1Q2:Whydospeculatorsriskmoneyin“suchinvestments”?新视野大学英语（第四版）读写教程3ReadingskillsTextstudyReference

Speculatorstaketheriskofinvestingtheirmoneyinsuchareasbecausetheyhopethatthepriceofanassettheypurchasewillquicklyincrease.Detailedunderstanding:Para.2Activity2ReadPara.2againandanswerthefollowingquestions.新视野大学英语（第四版）读写教程1Q3:Whatmightbethenegativeimpactof“suchinvestments?”新视野大学英语（第四版）读写教程3ReadingskillsTextstudyReference

Everyinvestmententailstheriskthatitisoverpriced.Therisingpriceswillencourageeithergreaterproductionofacommodityorgreaterwillingnessofcurrentownerstosell.Eitheroftheseconditionscanserveasa“negativefeedback”mechanismthatadjustspricesdownward.Detailedunderstanding:Para.2Activity2ReadPara.2againandanswerthefollowingquestions.新视野大学英语（第四版）读写教程1WorkinpairsandtranslatethefollowingsentencesintoChinese.Thenanswerthequestion.Activity3新视野大学英语（第四版）读写教程3ReadingskillsTextstudyAsananalogy,thinkofnegativeeconomicfeedbacklikeyoureyes.Asthelightgetsbrighter,yourpupilsgetsmallerandletinlesslight.Butwhatif,instead,youreyesworkedasa“positivefeedback”mechanism?Insunlight,yourpupilswouldopenwideanddamageyoureyes.Detailedunderstanding:Para.2新视野大学英语（第四版）读写教程1新视野大学英语（第四版）读写教程3ReadingskillsTextstudyReference

打个比方，把经济负反馈比作人的眼睛，光线越强，瞳孔越小，摄入的光亮就会越少。但要是人的眼睛以“正反馈”机制工作，结果会怎样呢？在太阳光下，瞳孔会扩大，从而对眼睛造成伤害。Activity3WorkinpairsandtranslatethefollowingsentencesintoChinese.Thenanswerthequestion.Detailedunderstanding:Para.2新视野大学英语（第四版）读写教程1Activity3新视野大学英语（第四版）读写教程3ReadingskillsTextstudyQ:Whatisthefunctionoftheanalogyofeyes?Reference

Heretheanalogyofeyesisusedtoillustratehowtheeconomicfeedbackmechanismworks.WorkinpairsandtranslatethefollowingsentencesintoChinese.Thenanswerthequestion.Detailedunderstanding:Para.2新视野大学英语（第四版）读写教程1ReadPara.3andchoosethecorrectanswerfromthebrackettofillintheblank.Activity1新视野大学英语（第四版）读写教程3ReadingskillsTextstudyEconomicbubblesoccurwhenpricestrendingsharplyupwardspur____________________(positivefeedback/negativefeedback).positivefeedbackDetailedunderstanding:Para.3新视野大学英语（第四版）读写教程1ReadPara.3againandchoosethecorrectanswerforthefollowingquestions.Activity2新视野大学英语（第四版）读写教程3ReadingskillsTextstudyQ1:Inapositivefeedbacksystem,whatwouldhappenwhenpricesincreasesharply?ASpeculatorsknowthepriceswillfallinthenearfuture.BSpeculatorsareeagertoselltheirassetstomakeaprofit.CSpeculatorsbecomegreedierandbuymoreassets.DSpeculatorsbecomemoreunitedtogetthebestprices.Detailedunderstanding:Para.3新视野大学英语（第四版）读写教程1新视野大学英语（第四版）读写教程3ReadingskillsTextstudyQ2:The“greaterfooltheory”explains________.AhowpricesreachdizzyingheightsBhowpeople’sfoolishnesscanbeavoidedCwhybuyersbuymorethannecessaryDwhyspeculatorsdonotflocktothemarketReadPara.3againandchoosethecorrectanswerforthefollowingquestions.Activity2Detailedunderstanding:Para.3新视野大学英语（第四版）读写教程1新视野大学英语（第四版）读写教程3ReadingskillsTextstudyQ3:Whichexampleisusedtoexplaintheimpactof“greaterfooltheory”?Atulip-buyingbubbleBrealestatebubbleCstockmarketbubbleDdot-combubbleReadPara.3againandchoosethecorrectanswerforthefollowingquestions.Activity2Detailedunderstanding:Para.3新视野大学英语（第四版）读写教程1Q:Howdoyouunderstandtherelationshipbetweenpeople’sgreedandeconomicbubbles?新视野大学英语（第四版）读写教程3ReadingskillsTextstudyActivity3ReadtheChinesesayingandanswerthequestionbasedonyourunderstanding.人心不足蛇吞象。——《山海经·海内南经》Agreedymanislikeasnaketryingtoswallowanelephant.Detailedunderstanding:Para.3新视野大学英语（第四版）读写教程1新视野大学英语（第四版）读写教程3ReadingskillsTextstudyReference

Greedisastrongdesirethatdrivespeopletoaccumulatemoneyandmaterialwealth,orexperiencepleasureexcessively.People’sdesiresareunlimited,andunregulatedbehaviorsrelatedtomoneymayleadtoeconomicgrowthbutalsocauseaneconomicbubble.Whencapitalgreedultimatelymakeseconomicbubblesburst,theeconomywillfallintoadepression.Detailedunderstanding:Para.3新视野大学英语（第四版）读写教程1ReadParas.4-5andchoosethecorrectanswer.Detailedunderstanding:Paras.4-5Activity1新视野大学英语（第四版）读写教程3ReadingskillsTextstudyQ:InParas.4-5,theauthormainlytalksabout_____________.Atulip-buyingbubbleBrealestatebubbleCstockmarketbubbleDdot-combubble新视野大学英语（第四版）读写教程1Q1:Whatimpactcaneconomicbubblesbringtopeople?ReadPara.4indetailandanswerthefollowingquestions.Detailedunderstanding:Paras.4-5Activity2新视野大学英语（第四版）读写教程3ReadingskillsTextstudyReference

Mostbubblesareeasilyabsorbedorpreventedbyaflexiblemarket.Ifthebubbleissmallenough,theloserscanlearnfromtheirmistakeswhentheylookback,andthewinnerscangainalargeamountofmoney.新视野大学英语（第四版）读写教程1Q2:Howcouldtheeffectsofabubblebecomecumulative?Detailedunderstanding:Paras.4-5Activity2新视野大学英语（第四版）读写教程3ReadingskillsTextstudyReference

Theeffectsofaneconomicbubblecouldincreasegraduallyifmanyindividualswhopossessanovervaluedassetdevelopafalsesenseofwealthandmakecarelesspurchasesusingpotentialprofitsthattheydon’tactuallyhave,especiallywhenthereisnoeffectiveregulationofinvestmentpractices.ReadPara.4indetailandanswerthefollowingquestions.新视野大学英语（第四版）读写教程1Q:Whatistheimpliedmeaningofthefirstsentence“Butequityisnotrevenue”?Detailedunderstanding:Paras.4-5Activity3新视野大学英语（第四版）读写教程3ReadingskillsTextstudyReadPara.5andanswerthefollowingquestions.Reference

Equitymeanstheamountofmoneythatyouwouldhaveleftifyousoldyourhouseandpaidoffthemoneyyouborrowedtobuythehouse,whilerevenueisthemoneythatyouhavemade.Wemaygeneraterevenuewithouttakinganyrisks,butnotequitybecauseitsvalueislikelytofluctuateinthemarket.新视野大学英语（第四版）读写教程1CompletetheparagraphabouttherealestatebubblesbytranslatingtheChineseexpressionsonthenextslide.Detailedunderstanding:Paras.4-5Activity4新视野大学英语（第四版）读写教程3ReadingskillsTextstudy新视野大学英语（第四版）读写教程1Detailedunderstanding:Paras.4-5新视野大学英语（第四版）读写教程3ReadingskillsTextstudyYoubuyahousefor$200,000,forwhichyouborrowed$160,000.Youhave$40,000in

equity.Overthenextfiveyears,themarketappraisalrisesto$500,000.Nowyouhave$340,000inequity,soyouborrowanother$240,000tosecuretheloan.Youstillhave$100,000inequityinyourhome,andyouhave$240,000tospend.Yousuddenlyfeellessneedtobeeconomicalwithyourpurchasesandallocatemoremoneyforotherthings.Butequityisnotrevenue.Thenit

crashesandthevalueofyourhomefallsto$325,000.Nowyouhavenegativeequityandowethebank$400,000.净值

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分配收入净值为负崩溃新视野大学英语（第四版）读写教程1Applythefollowingnumbersandtheusefulsentencepatternsonthenextslidetoexplainhowtheeconomicbubblesoccurinhousingmarketorally.Activity5新视野大学英语（第四版）读写教程3ReadingskillsTextstudy$200,000$160,000$40,000$340,000$240,000$100,000$240,000$325,000$400,000Detailedunderstanding:Paras.4-5新视野大学英语（第四版）读写教程1新视野大学英语（第四版）读写教程3ReadingskillsTextstudyUsefulsentencepatterns:Youbuyahousefor$...Youborrow$...fromabankThemarketappraisalrisesto$...Youhave$...inequity/tospendThemarketcrashesandthevalueofyourhomefallsto$...Youhavenegativeequity/owethebank$...Detailedunderstanding:Paras.4-5新视野大学英语（第四版）读写教程1ReadPara.6andchoosethecorrectanswer.Detailedunderstanding:Para.6Activity1新视野大学英语（第四版）读写教程3ReadingskillsTextstudyQ:InPara.6,theauthormainlytalksabout_____________.Atulip-buyingbubbleBrealestatebubbleCstockmarketbubbleDdot-combubble新视野大学英语（第四版）读写教程1Activity2新视野大学英语（第四版）读写教程3ReadingskillsTextstudyNormalstockmarket:__________buystockinacompanybecausetheyanticipatethatfutureprofitswillbecome__________andtheybelievethevalueofthecompany’sassetswill__________.investorsdividendsincreaseDetailedunderstanding:Para.6ReadPara.6andfillintheblankstocompareandcontrastthenormalstockmarketandtheabnormalstockmarket.新视野大学英语（第四版）读写教程1Activity2新视野大学英语（第四版）读写教程3ReadingskillsTextstudyAbnormalstockmarket:a“herdmentality”setsinandtoomany__________rushtobuy,drivingpricesuptothe__________levels.Eventually,furtherincreasesarenotforthcomingandprice____________develops,followedbyaswift______.brokersunrealisticdeteriorationdropDetailedunderstanding:Para.6ReadPara.6andfillintheblankstocompareandcontrastthenormalstockmarketandtheabnormalstockmarket.新视野大学英语（第四版）读写教程1Detailedunderstanding:Para.6Activity3新视野大学英语（第四版）读写教程3ReadingskillsTextstudyNormalstockmarketAbnormalstockmarketBehaviorsofinvestorsBuystock;Anticipate__________;Believein____________.Toomany____tobuy;Drive____________unreasonablyhigh;Price__________develops.dividendvalueincreaserushstockpricesdeteriorationWorkingroupstodescribehowastockmarketcrashhappensbasedonthefollowingtable.新视野大学英语（第四版）读写教程1Detailedunderstanding:Para.6新视野大学英语（第四版）读写教程3ReadingskillsTextstudyReference

Inanormalmarket,investorsbuystockinacompany,anticipatingthatfutureprofitswillbecomedividendsandthevalueofthecompany’sassetswillincrease.Butwhentoomanybrokersrushtobuy,itdrivespricestounrealistichigh.Thepricedeteriorationdevelops,followedbyaswiftdrop.Whenthishappenstotoomanycompaniesinaggregate,astockmarketcrashes.新视野大学英语（第四版）读写教程1Activity1新视野大学英语（第四版）读写教程3ReadingskillsTextstudyQ1:WhatisthestrikingexampleofastockmarketbubbleaccordingtoPara.7?Reference

Astrikingexampleofastockmarketbubbleisthe“dot-com”bubble.ReadPara.7andanswerthefollowingquestions.Detailedunderstanding:Para.7新视野大学英语（第四版）读写教程1Q2:Whydidveryfewcompaniesbuckthetrendinthe“dot-combubble”?新视野大学英语（第四版）读写教程3ReadingskillsTextstudyReference

Veryfewcompaniescouldgoagainstthetrendandmakeaprofit,becausemanyinvestorsthoughtthattheywouldgetrichbyinvestinginanybusinesswithawebsitethatcouldadvertiseonTVorbillboards,eveniftheywereuncertainaboutwhatactualservicesitoffered.Activity1ReadPara.7andanswerthefollowingquestions.Detailedunderstanding:Para.7新视野大学英语（第四版）读写教程1ReadPara.7againandchoosethecorrectanswer.Activity2新视野大学英语（第四版）读写教程3ReadingskillsTextstudyQ:Whatdoweknowaboutthe“dot-com”bubble?AThestockindexdroppedbyabout40percentin2002.BManycompaniesendedupsellingofftheirassetstoothercompanies.CTheinvestorswereprovidedwithfalseinformationaboutthebusiness.DThestockindexdroppedto1,108.49rightaftertheboomreacheditspeak.Detailedunderstanding:Para.7新视野大学英语（第四版）读写教程1Workingroupsanddiscussthequestion.Activity3新视野大学英语（第四版）读写教程3ReadingskillsTextstudyQ:Whatmeasuresshouldbetakentocurbexcessivespeculationineconomicactivities?Detailedunderstanding:Para.7Taxation.Thegovernmentcanraisetaxestotakemoneyoutoftheeconomyandlowertheinflationrate.Thiscanincreasethecostsofspeculation,thuspreventingexcessivespeculation.Controllingtheinterestrateonmoney.Ifthegovernmentfeelsthattheeconomyisgrowingtoofast,itraisestheinterestrate.Raisingtheinterestratewilldiscourageinvestmentinbusinessexpansion.Reference

ReadingskillsTextstudy新视野大学英语（第四版）读写教程1新视野大学英语（第四版）读写教程3Detailedunderstanding:Para.7新视野大学英语（第四版）读写教程1ReadPara.8andchoosethecorrectanswer.Detailedunderstanding:Para.8Activity新视野大学英语（第四版）读写教程3ReadingskillsTextstudyQ1:InPara.8,theauthormainlytalksaboutthebubblesinthearenaof__________.ArealestateB“get-rich”stockofferingsCfadDstuffedanimaltoyscollection新视野大学英语（第四版）读写教程1ReadPara.8andchoosethecorrectan