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11.1Ethicaleconomics

Reading:Coffeenomics

1(P106)

-coffeegrown

-coffeepicked

-coffeetransported

-coffeepacked

-coffeesoldandshipped

-coffeesoldontoshops

-coffeeboughtanddrunk

2(P106)

(1)10p(pence)

(2)15

(3)50

(4)50

(5)rent

(6)servicecharge

(7)coffee

(8)1.26

3(P106)

(1)B

(2)A

(3)F

(4)E

(5)C

Distheextrasentence.

Vocabulary:Finanicalandtradeterms

4(P107)

(1)middlemen

(2)disparity

(3)changhands

(4)overheads

(5)factorin

(6)break-eventotal

(7)mark-up

(8)freight

(9)grossdomesticproduct

(10)charities

Grammar:Articles

1(P108)

(1)0(Fairtradeisthenameoftheorganisation)

(2)an(singularnoun)

(3)a(singularnounmentionedforthefirsttime)

(4)the(beforeasuperlative)

(5)the(thereisonlyone)

(6)an(singularnoun)

(7)the(nameofcountry)

(8)a(singularnoun)

(9)the(refersto‘foundation’-thereisonlyone)

(10)0(pluralnoun)

3(P109)

(1)C(2)A(3)C(4)A(5)B(6)B(7)B(8)B

11.2Discussingtrennds

Speaking:Alternativeenergysources

1(P110)

a)Windpowerhasalreadybeenimplementedinmanycountriesthoughsomepeoplesayitcanneverprovideenoughenergyonitsown.Theinitialcostisalsoveryhigh.

b)Solarpowerisbeingwidelyusedeitheronpeople’sownhousesorintheformofhugeareasoflandwithsolarpanels.Thecostoftechnologyisfallingforthisenergysoitlookslikeagoodinvestment.

c)Biofuelswhichmakeuseofresiduefromplantsarealreadyusedinsomecars.Theylooksettoprovideonesolutiontothelackofpetrolfuels.

d)Coaliscriticisedforthepollutionitcreatesandmanycountries

arelookingatalternativeswhichsuggestsitis’ntagoodinvestment.However,insomepartsoftheworldsuchasChinatherearehugecoalreserveswhichareonlynowbeingminedandusedinpowerstations.Inthiscasecoalmaystillbeagoodinvestmentbutbebadfortheenvironment.

e)Wavepowerhasmanyofthesameprosandconsaswondpower.

f)Nuclearpowerhasattractedbadpublicityinthepastbutmorerecentlymanygovernmentshavereturnedtotheideaofbuildingnuclearpowerstationsinthenextcenturyinordertosolvethepotentialshortageofenergy.Privateinvestmentmayyetprovidegoodreturns.

Reading:Goodgreed

2(P110)

1B2B3A4C5D6B7C8D9A10B11B12A13D14A15C

3(P78)

Thegraphshowsthatwhilesolarpowercoststwiceasmuchperkilowatt-hourthantraditionalenergysourcesusedonpowergridsatpresent,itscostshavebeenfallingcontinuouslysincetheearlynineties.Thelineshowingtheaveragepriceforpowerfromthegridforresidentialenergyisalsoclimbing.Ifthesetrendscontinue,solarpowermaybecomeverycompetitive,makingitagoodlong-terminvestment.

Vocabulary:Describingtrends

4(P78)

(1)peak(n)

(2)rising(v)

(3)soar(v)

(4)remainedstable(v)

(5)crash(n)

(6)godown(v)

(7)descent(n)

(8)declined(v)

Listening:Reasonsfortrends

1(P112)

Anospeaker

B2

C4

D3

E1

F5

2(P112)

(1)because

(2)duetothefactthat

(3)Anotherreasonfor

(4)asaresultof

(5)as

Writing:Aproposal

4(P113)

Reasonsfor:

-ithasanewdealwithMainlineEnergyworth190millioneuros-thecompanyhasovertenyears’experienceinarelativelynewfield-ithitahighearlierintheyear

-therecentfallisdescribedbymanyanalystsasashort-termproblem.

-ithasdevelopedanewsilicon-savingtechnology

Reasonsagainst:

-itsrecentstockpricefellbyhalf

-thereisashortageofsilicon

5(P113)

DearMrKeating,

InresponsetoyourenquiryaboutSungreenPower,thecompanyseemstobeperformingwell.

OnethingtoconsideristheirnewsalesagreementwithMainlineEnergy,worth190millioneuros.Thisshouldhelptheirsharepricewhichrecentlyhalved.Ontheonehandthiswascausedbyashortageofsilicon,butontheotherhandSungreenspecialiseintechnologywhichrequireslesssilicon.

Sodespitethefall,Iwouldstillsuggestyouconsiderinvesting.Thefactthatsolarpowercostshavecontinouslyfallensincetheearlyninetiesandlooksettoequalnormalenergycostsinthenextfewyearm

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