Sunday, 28 October 2012

Business ideas

Most people hold on their jobs for security but more adventurous souls follow a more challenging path. They become enterpreneurs working for themselves. Listen to one example below and do the quiz. 1. What is the result you obtained in the quiz? 2. Do you ever think of going to the country to live a simpler life? 3. Do you know of other examples of successful enterpreneurs in other fields, doing what they haven't been trained for? 4. If you were jobless what would you do? 5. Could you find on the Internet, for example, how to raise quails? What information did you find?

Monday, 15 October 2012


This is a speaking project for more advanced students.You are invited to speak on the aspects mentioned in each slide. In order to see the 6 slides, click on the arrow at the bottom, right-hand side. First listen to my instructions carefully. Then prepare what you have to say and rehearse speaking loudly at home. In order to comment you need a headset (earphones and microphone). If you don't have it, you can either buy a simple one (under 10 lei) or do it in class, just get prepared and I will help you. But you can as well do it at home if you are a little brave and like challenges. Don't worry, after you record you can listen to your recording and either delete it if you are unsatisfied, or save if you like what you hear. In order to comment you have to register for VoiceThread at Create an account and keep in mind the details.

Friday, 12 October 2012

What have you learnt?

Warren Edward Buffett (born August 30, 1930) is an American business magnate, investor, and philanthropist. He is widely considered the most successful investor of the 20th century. Buffet is the primary shareholder, chairman and CEO of Berkshire Hathaway[5] and consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008[6] and as the third wealthiest person in 2011.[7] In 2012, American magazine Time named Buffett one of the most influential people in the world.[Wikipedia) Below are some of his most famous quotations:

1. ON SPENDING. If you buy things you do not need, soon you will have to sell things you need.
2. ON TAKING RISK. Never test the depth of a river with both feet.
3. ON INVESTMENT. Do not put all eggs in one basket Click here for more graphics and gifs!
4. ON EXPECTATIONS. Honesty is a very expensive gift. Do not expect it from cheap people.

Your turn. 1. Pick up one of these adages and explain how it has applied to you in a certain moment of your life. Tell us about your experience.
2. How does the adage apply in economics? Give an example.

Wednesday, 3 October 2012

How supermarkets "rip us off"

Read the text on Supermarket Scams Tell us about your experience of buying what you did not intend to. What technique was used to attract you?