Unit 3 Microeconomics Slide Tiếng anh chuyên ngành 1

Nhóm 8

1 Nguyễn Thị Hương

2 Nguyễn Thị Mến

3 Tạ Thanh Nga

4 Trần Thị Thu Hoài
Unit 3: MICROECONOMICS

I: Vocabulary

II: Summary

III: Questions

IV: Open
questions
1. /əb se ·ən /ˈ ʃ
2. / b d · t/ ˈ ʌ ʒ ɪ
3. / æl·ə ke t/ ˈ ˌ ɪ
4./’æl.ə ke . ən/ ˈ ɪ ʃ
5. / p .t əs/ ˈ ɜː ʃ
6. /mə i .nə.ri/ ˈʃ ː
7. /r z lt/ ɪˈ ʌ
8./’rel·ə·vən·si/
9. / rel·ə·vənt/ˈ
10./’t p· ·kli/ɪ ɪ

obsession


budget

allocate

allocation

purchase

machinery

result

relevance

relevant

typically

nỗi ám ảnh

ngân sách

phân bổ

sự phân bổ

mua

máy móc


kết quả

sự thích hợp

thích hợp

điển hình
I: Vocabulary.
11./’flek·sə b li·tiˈ ɪ
12./d skr b/ ɪˈ ɑɪ
13./ tre d f/ˈ ɪ ˌɔ
14./ pref·ər·əns/ˈ
15./kən stre nt/ˈ ɪ
16./kən stre n/ˈ ɪ
17./ə te n·mənt/ˈ ɪ
18./’k r·əɔ
sp n·d ŋˈ ɑ ɪ
19./ ed ·əˌ ʒ
ke · ən/ ˈ ɪ ʃ

flexibility(n)

describe(v)

trade-off

preference(n

contraint(n)


contrain(v)

attainment

correspondin
g

education(n)

linh hoạt

miêu tả

sự đánh đổi

sự ưa thích

sự ép buộc

ép buộc

sự đạt được

sự tương
thích

sự giáo dục
20./ə kju mjəle tˈ ː ɪ
21./pə ten əl/ ˈ ʃ

22./ pə tju nəti/ ˌɒ ˈ ː
23./ə b ləti/ ˈ ɪ
24./ k rənt/ˈ ʌ
25./ f məˌ ɑː
sju t kəl/ ˈ ː ɪ
26./d t m n/ɪˈ ɜː ɪ
27/di t m ’nei ən ˌ ɜː ɪ ʃ


accumulate

potential(n)

opportunity

ability(n)

current

pharmaceutic
al(a)

determine(v)

determinatino
n

sự tích lũy

tiềm năng


cơ hội

khả năng

hiện tại

thuộc về
dược phẩm

xác định

sự xác định
28./kə lek ən/ ˈ ʃ
29./kə lekt/ ˈ
30./ təmə bi l/ˈɔː ʊ ː
31./kəm pi t/ ˈ ː
32./ k mpə t ən/ˌ ɒ ˈ ɪʃ
33./kəm pet tər/ ˈ ɪ
34./ kw ləti/ ˈ ɒ
35./ d səpl n/ ˈ ɪ ɪ

collection(n)

collect(v)

automobile

compete(v)


competition(n

competitor

quality

discipline

sự sưu tập

sưu tập

ô tô

cạnh tranh

sự cạnh tranh

đối thủ

chất lượng

quy định,kỉ
luật
36. / æn·əl z/ˈ ˌɑɪ
37. /skeərs/
38. / kw n.tə.ti/ ˈ ɑː

analyze


scarce

quantity

phân tích

khan hiếm

số lượng
The Unit 3 reading has 3 main ideas:

First, Microeconomics is a branch of
economics and it is the study of
individuals' behavior in making decision
on the allocation of scarce resources. In
detail, it studies the way to allocate
limited resources, the way to make the
best tradeoff for workers, consumers and
firms
Next, there are 3 main sides of
microeconomics:

The first one is the idea of making optimal trade-offs
within the modern markets. Consumers, with the limited
incomes and their preferences, maximize the well-being
by trading off the purchase of good's quantity and their
consumption. Workers are also stuck between a rock
and a hard place as they must make decision on when
and whether to enter the workplace, choice of
employment and hours of work. Corporations with the

available resources , have to decide what to produce
and how many.

The second one is the role of prices, which can be
explained throughout the fact that all of the trade-offs
are based on the prices faced by individuals.

Last is how Microeconomics explains the process that
prices are determined due to the interactions among
economic agents.
Finally, economics is very important, so we
must try to learn it ^^

II: Question
1. What’s microeconomics?

Microeconomics is a branch of economics
and it is the study of individuals’ behavior
in making decision on the allocation of
scarce resources.
2. What do limit include ?

The limited incomes

The limited time (number of hours in a
week)

The limited budgets and technical know-
how


The limited financial resource
3.Who makes decisions on the
allocation of scarce resource ?

In a planned economy, It’s made mostly
by government

In modern market economies, It’s made
by consumers, workers and firms.
4.What does the term “ Trade-offs” mean ?

Trade-offs is an exchange that occurs as
a compromise.
5.Why do consumers have to trade –off?

Because they face limited incomes
6.What do consumers trade-off ?

They faced trade-off between:

Saving and spending( how much of their incomes to
save)

Buying now and buying future( trading off current
consumption for future consumption )

Buying this produce and buying another.
7. What can you learn from the
consumer theory?


It describes how consumers, based on
their preferences, maximize their well-
being by trading off the purchase of more
of some goods with the purchase of less
of others.
8. Why do workers have to trade –off?

Because they face limited time.
9. What do workers trade-off ?
They faced trade-off between :

Working now ( and earning an immediate
income) and continuing studying( and the
hope of earning higher future income).

Leisure and labor.

This job and another.
10. Why do firms trade-off ?

Because they face limited budgets and
technical know-how (financial resource).
11. What do firms trade-off ?

They faced trade-off between:

Producing this products and producing
another.

Hiring additional workers and buying new

machines.
12. What does the theory of the firm
indicate?

It describes how these trade-offs can be
best made
13.What are three important themes of
Microeconomics ?

The idea of making optimal trade-offs, the
role of prices and the process prices are
determined

IV: Open questions.