Unit7TheStockMarket

Part1ConversationListeningConversation1WordTipsportfolio/p??t'f??lj??/n.證券投資組合acombinationofstocksandbondsheldbyaninvestorshare/?e?/n.股票；股份thebasicunitofownershipinacompanyGE通用電氣公司GeneralElectricCo.stock/st?k/n.一種股票akindofshare;partownershipinacompanyrepresentedbysharesconsult/k?n's?lt/v.咨詢toseekadvicefrombluechip藍籌股；績優股票astockconsideredreliablewithrespecttobothdividendincome andcapitalvalue

Part1ConversationListeningConversation1A.Watchthevideoclipandchoosethebestanswertoeachquestionyouhear.A)Heacceptsit.B)Hewouldliketoacceptit,butcannot.C)Hedoesnotliketoacceptit.D)Hehatesplayingtennis.2.A)Itspriceisfalling.B)Itspricewillsoonfall.C)Itspriceisrising.D)Itspricewillsoonrise.

Part1ConversationListeningConversation1A.Watchthevideoclipandchoosethebestanswertoeachquestionyouhear.3.A)Tobuytherisingstock.B)Tobuythefallingstock.C)Toselltherisingstock.D)Tosellthefallingstock.4.A)Itwillsinkoutofsight.B)Itwillskyrocketsoon.C)Itwillbequitestable.D)Itwillfluctuateviolently.5.A)Yes.B)No.C)Hewillconsiderforsomedaysbeforehemakesadecision.D)Hewillseekanexpert’sadvice.

Part1ConversationListeningConversation1B.Watchthevideoclipagainandidentifythemainideaoftheconversationbyfillingintheblanks.MaxhasanappointmentwithRichardabout________problemstomorrowmorning.Hebought_________________ofGE,andsincethen,thepriceofGEshareshasreally________.Heplanstobuymoreinsteadof________them.He’dliketoconsultRichardaboutthis.Hewantstobuymorewhentheprice________becauseofastrategycalled“averagingdown”,whichmeansthatifhe________________atthelowerprice,hereduces________________hehaspaidforthestock.AsGEisa________________,itisnotgoingtosink________________andeventuallyitsvalue________________.portfolioafewhundredsharesfallensellingisfallingbuysmoresharestheaveragepricebluechipstockoutofsightwillrecover

Part1ConversationListeningConversation1C.Pairwork:Listentotheconversationagain,repeatitsentencebysentence,andthenrole-playitinpairs.Afterthepractice,changeroles.

Part1ConversationListeningConversation1D.Inthefollowingboxofsubstitutionexpressions,tickthoseyouheardintheconversation.Memorizealltheexpressionsinthebox.Thenmakeanewconversationwithyourpartnerbyusinganyoftheexpressions.Youdon’thavetorepeatallthedetailsintheoriginalconversation.

Part1ConversationListeningConversation1I’mmeetingRichardIhaveanappointmentwithRichardI’mscheduledtomeetRichard

thevalueofGEshareshasdroppedGEshareshaveplungedinvaluethepriceofGEshareshasreallyfallen

Part1ConversationListeningConversation1sellatahighpriceandbuyatalowpricesellhighandbuylowsellwhenthemarketisupandbuywhenitisdown

whyonearthdopeoplebuymorewhyafteralldopeoplekeepbuyingforheaven’ssake,whydopeoplecontinuebuying

Part1ConversationListeningConversation1IreducetheaveragepriceIhavepaidforthestocktheaveragepriceatwhichIhaveboughtthestockdecreasesIlowertheaveragecostofmystocks

Whatmayhappenifthestockskeepdeclining?What’stheresultifthestock’svaluedeclinesagain?Whatifthestockcontinuestofall?

Part1ConversationListeningConversation1It’snotgoingtosliptoomuch.It’snotgoingtosinkoutofsight.Thedownturnwon’tlastforever.

Finally,itwillpickupagaininvalue.Intheendit’llreturntoitspreviouslevel.Eventuallyitsvaluewillrecover.

Part1ConversationListeningConversation1E.Pair/Groupwork:Discusswithyourpartner(s)theninedecisionsrelatingtobuying,sellingandwaiting.Whatcouldbetheresultforeachdecision?Whichdecisionappealstoyoumost?Why?

Part1ConversationListeningConversation1Buyingastockatalowprice.Thestockpricerises.(1)Sellit(2)Keepit(3)BuymoreThestockpricedropsfurther.(4)Sellit(5)BuymoreSellingastockatahighprice.Thestockpricerisesfurther.(6)Buyit(7)WaitThestockpricedrops.(8)Buyit(9)Waitfurther

Part1ConversationListeningConversation2WordTipsminimize/'m?n?ma?z/v.減到最小toreducetothesmallestamountbond/b?nd/n.債券acertificateofdebtthatisissuedbyagovernmentorcorporationinordertoraise moneystartup/stɑ?t?p/n.初創企業acompanythatisjustbeginningtooperatesolid/'s?l?d/adj.扎實可靠的firmandreliable

Part1ConversationListeningConversation2A.WatchthevideoclipandmarkthestatementsyouhearT(true)orF(false).1.2.3.4.5.

TFFFT

Part1ConversationListeningConversation2B.Watchthevideoclipagainandcompletethetablewiththeinformationyouhear.TypesofInvestmentPercentageEffectsBonds________%Youcan’tmakeasmuch________frombondsasfromsome__________________,butbondswillgiveyour________a________base._________________%low-________._________companiesTheremaining30%withgood________________________________.40moneygrowthstockssecureportfolioBluechips30riskStart-upgrowthplansandpotential

Part1ConversationListeningConversation2C.Pairwork:Listentotheconversationagain,repeatitsentencebysentence,andthenrole-playitinpairs.Afterthepractice,changeroles.

Part1ConversationListeningConversation2D.Inthefollowingboxofsubstitutionexpressions,tickthoseyouheardintheconversation.Memorizealltheexpressionsinthebox.Thenmakeanewconversationwithyourpartnerbyusinganyoftheexpressions.Youdon’thavetorepeatallthedetailsintheoriginalconversation.

Part1ConversationListeningConversation2heaskedmetocontactyouheaskedmetogetintouchwithyouhesuggestedIapproachyouGladtomeetyou.Apleasuretomeetyou.Nicetoseeyou.

Part1ConversationListeningConversation2Maxthinkshighlyofyouradvice.Maxhasahighopinionofyouradvice.Maxhasahighregardforyouradvice.

I’mdissatisfiedbecausemyportfoliohasnotperformedwell.I’mnothappywithmycurrentportfolio.I’mnotsatisfiedwiththeperformanceofmypresentportfolio.

Part1ConversationListeningConversation2Whatriskareyoupreparedtotake?Howmuchriskareyouwillingtoaccept?Whatlevelofriskcanyousustain?I’dliketomakemysavingsincrease.Ihopemysavingswillmultiply.Iwantmysavingstogrow.

Part1ConversationListeningConversation2witharound40%ofyourmoneyinvestedinbondswithabout40%ofyourmoneyinbondswith40percentorsoofyourmoneygoingintobonds

placeanother30percentinlow-riskbluechipstocks.put30percentinsafebluechipstocksletsecurebluechipstocksabsorb30percent

Part1ConversationListeningConversation2fortheother30percentfortheremaining30%withthefinal30percent

Part1ConversationListeningConversation2E.Pair/GroupWork:Haveadiscussionwithyourpartner(s)accordingtothefollowingsituation.Supposeyouhave150,000yuan,andwanttobuyanapartmentinthenearfuture,whichrequiresadownpaymentof200,000yuan.Nowyouwanttoincreaseyoursavings.Lookatthefollowingtableanddecidewhichtypeofinvestmentespeciallyappealstoyou.Orwhatcombinationofinvestmenttypeswouldyouprefer?TypesofInvestmentProfitsinthePastThreeYearsBondsAfixedprofitofabout5%BluechipstocksAprofitrangingfrom10%tominus5%Start-upcompanystocksAprofitrangingfrom100%tominus50%

Part1ConversationListeningConversation3:AdditionalListeningandSpeakingWordTipslendinginstitution信貸機構afinancialinstitutionthatgivesloansotherwise/'?e?wa?z/adv.否則；用其他方式inotherwaysinvestment/?n'vestm?nt/n.投資puttingmoney(in)speculation/spekj?'le???n/n.投機investmentinvolvinghighriskahouseofcards不牢靠的事物sth.thatmaycollapseeasily;ashakyplanfundamental/f?nd?'mentl/n.基本原理thebasicprinciplebeboundto必然becertainto

Part1ConversationListeningConversation3:AdditionalListeningandSpeakingWordTipsequity/'ekw?t?/n.資產凈值thevalueofapropertyafterallchargesanddebtshavebeenpaidinterestrate利率tragically/'tr?d??k?l?/adv.悲慘地byinflictingseriousharmdownwardspiral向下旋轉；螺旋式下跌mortgage/'m??ɡ?d?/n.按揭；抵押themoneyborrowedwithahomeassecurityfortheloan

Part1ConversationListeningConversation3A.Listentotheconversationandchoosethebestanswertoeachquestionyouhear.1.A)Thefirstspeaker’sfriend.B)Abroker(經紀人).C)Aninvestor.D)Acompanymanager.2.A)Excellentinvestments.B)Fairlygoodinvestments.C)Badinvestments.D)Neithergoodnorbadinvestments.3.A)Theyborrowedatalowinterestrate.B)Theyborrowedatahighinterestrate.C)Theyeachboughtalotofequity.D)Theyeachsoldalotofequity.

Part1ConversationListeningConversation3A.Listentotheconversationandchoosethebestanswertoeachquestionyouhear.4.A)Theyborrowedmoremoney.B)Theycontinuedtopayatthefixedlowrates.C)Theymanagedtopaythehigherrates.D)Theyfailedtopaythehigherrates.5.A)Theynolongerownedtheirhouses.B)Thestockmarketdeclined.C)Theeconomywasinabadstate.D)Alloftheabove.1.Hecouldseealotofpeople________________inthe________________,soitseemedlikea________________tohim.

Part1ConversationListeningConversation3B.Listentotheconversationagainandanswerthequestionsbyfillingintheblanks.makingfastmoney1.Hecouldseealotofpeople________________inthe________________,soitseemedlikea________________tohim.2.Itwasa______________.The______________wereallwrong.Thatmarketwas________________.3.Hisportfoliowasnotaffected,becausehestayed________therealestatemarketthankstoRichard’s______________.realestatemarketgoodideahouseofcardsfundamentalsboundtocollapseoutofgoodadvice

Part1ConversationListeningConversation3C.Pairwork:Workwithyourpartnertodiscussthequestion.Inordertobuyanapartmentyoucannotafford,wouldyouliketosaveforitorgetalargebankloan?Explain.

Part2PassageListeningPassage1WordTipsdeposit/d?'p?z?t/n.存款thesumofmoneypaidintoabankaccountproperty/'pr?p?t?/n.財產；房產realestatesafeguard/'se?fɡɑ?d/n.防衛defenseorprotectionfromharmdiversify/da?'v??s?fa?/v.使多樣化tovarypool/pu?l/v.集中tocollect(fromdifferentpeople)

Part2PassageListeningPassage1A.Listentothepassageandfillintheblanksinthediagram.

Part2PassageListeningsecuredepositsbondsgrowththestocksyourportfolioasinglestockinvestinafund

Part2PassageListeningPassage1B.Listentothepassageagainandanswerthequestionsorally.1.Whatdoesthesituationofthecurrentlowstockpricesoffer?2.Whatresultcanyouhaveifyouspreadyourfundsovervarioustypesofassetssuchassecureinvestmentandgrowthinvestment?3.Whatfunctioncanafundmanagerperform?

Part2PassageListeningPassage1C.CommunicationTask:Workwithyourpartner(s)todiscussthequestions.1.LookatthediagraminExerciseAandchoosethekindsofinvestmentyoulikemostandtheonesyoudislikemost.2.Whilemanyfinancialexpertsadviseinvestmentsthatprovidegreaterreturns,manyChineseprefertoputtheirmoneyinthebank.Why?

Part2PassageListeningPassage2NewsReportWordTipsinvestor/?n'vest?/n.投資者apersonwhoinvestsdecline/d?'kla?n/n.下跌fallplunge/pl?nd?/n.暴跌abigfallexception/?k'sep?n/n.例外athingthatdoesnotfollowaruleindex/'?ndeks/n.指數indicatorwitness/'w?tn?s/v.見證toseeanalyst/'?n?l?st/n.分析者apersonwhoanalyzesrebound/r?'ba?nd/n.反彈ariseagainafterafall

Part2PassageListeningPassage2NewsReportA.Listentothepassageandchoosethebestanswertoeachquestionyouhear.1.A)SomeAmericanshavesoldtheirhouses.B)VeryfewAmericansarebuyingnewhouses.C)ManyAmericanhomeownerscanhardlypaytheirhousingmortgage.D)ManyAmericanhomeownershavealreadypaidofftheirhousingmortgage.2.A)Singapore.B)ChinaHongKongSAR.C)Britain.D)France.3.A)Themarketswillgofrombadtoworse.B)Themarketswillimprovefurther.C)Themarketswon’trecoverforalongtime.D)Themarketswillrecoverafterthepresentcrisis.

Part2PassageListeningPassage2NewsReportB.Pairwork:Workwithyourpartnertodiscussthequestions.Whydopeopleinvestinthestockmarket?Domostinvestorsmakemoneyorlosemoney?Why?Goonlinetofindrelevantinformationbeforecomingtoclass.Thenshareitwithyourpartnersinclass.

Part2PassageListeningPassage3WordTipsfurious/'fj??r??s/adj.狂怒的veryangrypackage/'p?k?d?/n.一攬子交易；一組事物asetofproposalsortermsofferedoracceptedasawholehandcuffs/'h?ndk?fs/n.手銬preferential/pref?'ren?l/adj.優惠的favorabletheboardofdirectors董事會reject/r?'d?ekt/v.拒絕toturndown,refuse,decline-fold/f??ld/suffix.是多少倍multipliedbythreefold/'θri?f??ld/adj.三倍的；（增加到）三倍threetimesNotes:BurberryisaBritishluxuryfashionhouse,distributingclothing,fashionaccessories,fragrances,sunglasses,andcosmetics.

Part2PassageListeningPassage3A.Listentothenewsreportandchoosethebestanswertoeachquestionyouhear.1.A)Theysupportedit.B)Theywereagainstit.C)Theystillhesitatedaboutit.D)Theydidn’tcare.2.A)Becausehewouldreceivetoomuchmoney.B)Becausehewouldbetoughwiththeemployees.C)Becausehecouldstayforonlythreeyears.D)Becausehecouldnotleavewithinthreeyears.3.A)Morethan$3.4billion.B)Morethan$10billion.C)$12billion.D)Morethan36billion.

Part2PassageListeningPassage3B.Listentothepassageagainandanswerthequestionsbyfillingintheblanks.1.ExecutiveshadproposedtogiveMr.Baileyan______________of$17millionand________worthabout$33million,whichhecouldnot________untilthreeyearslater.2.Heargued,“itwas________fortheshareholdersto________theproposal.ThedealforBaileywastoensuretheyemploya“____________executive”forthecompany.3.ThechairmanconcludedthatBaileywas________the________.annualsalarysharessellunwiserejectworld-classworthhighpay

Part2PassageListeningPassage3C.CommunicationTask:Workinpairstonegotiatethesalary.StudentA,anengineerwhocanincreasethecompany’sproductivityalotStudentB,thebossofthecompanyDemandsasalarythatis10timestheaveragesalaryofthecompanyThen,demandsasalarythatisatleast9timestheaveragesalaryFinally,…Explainswhynotasalarythatis10timestheaverageTriestoreducethesalaryto5timestheaverageFinally,…

Part3InterpretingA.ReadthefollowingChinesesentencesandtheirEnglishtr