Time: 45min Aim: to improve vocabulary skill by through teaching grammar. Materials

Exercise 1.
Instruction:Learning new words can help to understand and to catch the general opinion.
1.Adam Smith - scottish economist who advocated private enterprise and free trade (1723-1790)
2.Agency - the state of being in action or exerting power agent a representative who acts on behalf of others.
3.Amortisation - the reduction of the value of an asset by prorating its cost over a period of years
4.Appreciation - understanding of the nature or meaning of something
5.Buyer's market - a market in which more people want to sell than want to buy
6.Capacity - capability to perform or produce
7.Capital - the federal government of the United States
8.Capital gain - the amount by which the selling price of an asset exceeds the purchase price; the gain is realized when the asset is sold
9.Capitalism - an economic system based on private ownership of assets
10.Central bank - a government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sells new issues of securities for the government
11.Commodity - any good that can be bought and sold
12.Competition - the act of contending with others for rewards or resources
13.Compound interest - interest calculated on both the principal and the accrued interest
14.Consumption - the act of using something up
15.Cost of capital - the opportunity cost of the funds employed as the result of an investment decision; the rate of return that a business could earn if it chose another investment with equivalent risk
16.Credit - an estimate of ability to fulfill financial commitments
17.Debt -the state of owing something, especially money
18.Deficit - an amount that is less than expected or required
19.Deflation - the act of letting the air out of something
20.Demand - request urgently and forcefully
21.Depreciation - a decrease in price or value
22.Depression - a period during the 1930s when there was a worldwide economic depression and mass unemployment
23.Deregulation - the act of freeing from rules
24.Derivative - a compound obtained from another compound
25.Devaluation - the reduction of something's worth