module 1 introduction

Module 1 Introduction & Vocabulary and Reading精品导学案●教学目标重点词汇的理解与应用。

●教学地位单词和短语是构成句子的最小单位，在语言学习中起至关重要的作用，所以理解和正确运用英语单词和短语是英语学习的重点所在。

考点讲练1. confidently adv.自信地Would you love to go to a party and talk confidently to every guest？(P2)你愿意去参加一个聚会，并且自信地同每一位客人谈话吗？She walked confidently across the hall.她自信地走过大厅。

I can confidently promise that this year is going to be very different.我可以信心十足地保证今年将大不一样。

归纳拓展①confident adj. 自信的；有信心的；有把握的be confident that＋从句相信……be confident about/of 相信；对……确信的be confident in 信任②confidence n. 信任；把握；信心；知心话earn/win/gain one's confidence取得某人的信任in (strict) confidence 秘密地，暗中take into one's confidence 向……吐露心事；以……为心腹I think I am fully confident of his success.我想我完全肯定他能成功。

One has to be confident in himself.一个人一定要对自己有信心。

I should like to exchange a few words with you in confidence.我想私下和你交换点意见。

Module 1 第1课时IntroductionⅠ、单词拼写1。

Maybe he is a Frenchman, as he comes from________and can only speak________、2。

People in Italy are called________， while people in________are called the Spanish、3。

All roads lead to________、4。

The United Kingdom is in c________ Europe、5。

Between France and Spain is another mountain r______—the Pyrenees、6.He likes the b________ so much that he wants to buy a pair to wear at once、7。

We must f________ our difficulties bravely、8。

Be careful when walking a________ the street、9。

To begin with, let me i________ myself、10。

Mother is p________ lunch for us in the kitchen、答案:1、France, French 2、Italians， Spain 3、Rome 4、continental 5、range 6、boots 7、face 8、across 9、introduce 10、preparingⅡ、用适当的介、副词填空1。

Preparing a fact file________a region________China、2。

Complete the table________the words________the box________、3。

The Global Financial Crisis Module 1 IntroductionTimothy F. GeithnerAndrew MetrickWhat is a Financial Crisis?Conceptual FrameworkAlmost all wealth is embodied in long-lived assets that pay off slowly over time.Some fraction of that wealth is needed to back short-term safe assets used in transactions (“money”).Collectively, we cannot all convert our long-term assets to money at the same time.A “panic” happens when enough people get nervous and try to convert.A “financial crisis” occurs when a panic (or fear of panic) affects the functioning of the financial system.Why Study the Global Financial Crisis? It is an important part of history, by far the mostimportant economic event since the 1930s, andcrucial for understanding the world that followed. It could happen again.We would like to prevent it from happening again. If it happens again, we need to be prepared to fight the fire together.01Asset Bubbles 02New Kinds ofMoney03The Anatomyof a ModernPanic04Fighting thePanic01Asset Bubbles 02New Kinds ofMoney03The Anatomyof a ModernPanic04Fighting thePanicCourse Theme 01: Asset Bubbles“This time is different …” (Reinhart and Rogoff, 2008).Prior to all financial crises, there is a large increase in the price of at least one asset class. When this price later falls, we retroactively label the original increase to be a “bubble”.In the Global Financial Crisis, the bubble was in housing.Housing bubbles have been associated with every major financial crisis since WWII.01Asset Bubbles Course Themes02 New Kinds ofMoney03The Anatomy of a ModernPanic04Fighting thePanicCourse Theme 02: New Kinds of Money Through most of the history of civilization, ourmonetary needs were met primarily by metal-basedcurrencies.The rise of the modern state has allowed for sovereign-backed “fiat” money.But … even stable governments have limits and the demand for money can exceed the supply of metal and sustainable fiat money.Additional monies are then “manufactured” by the financial system, using private debt backed by collateral.The history of financial crises is a tour through sad stories of new monies gone bad.01Asset Bubbles Course Themes02 New Kinds ofMoney03The Anatomy of a ModernPanic04Fighting thePanicCourse Theme 03: The Anatomy of a Modern Panic For hundreds of years, panics were easy to spot:depositors would “run” to banks to exchange theirbanknotes for gold, or to remove their deposits.The Global Financial Crisis was different, with thepanics occurring out of public sight, in the non-bankpart of the financial sector. This area of the financialsystem is often called the “shadow banking” system.To fully understand the Global Financial Crisis andthe efforts required to fight the panic, it is importantto understand the mechanics of this modern system.01Asset Bubbles Course Themes02 New Kinds ofMoney03The Anatomy of a ModernPanic04Fighting thePanicCourse Theme 04: Fighting the PanicGoing into the Global Financial Crisis, governments all over the world were underprepared, with the available tools built for fighting an old-fashioned bank run, not a modern crisis.To fight this crisis, these tools – emergency lending, guarantees, capital injections – were extended to creative new uses.The evidence shows that this panic-fighting was a success, but this success came at the cost of political backlash, in some cases reduced our firefighting capabilities for the next crisis.Course OrganizationIntroductionThe Common Causes of Financial CrisesHousing and MortgagesSafe Assets and the Global Savings GlutThe Housing CrisisAnxiety, Part 1Anxiety, Part 201 0203 PanicOur Responses to the CrisisResponding to Future CrisesEurope in the Global FinancialCrisisThe Eurozone CrisisCourse Summary08 09 12 04 05 06 0710 11 13。