Nhóm 8  1 Nguyễn Thị Hương  2 Nguyễn Thị Mến  3 Tạ Thanh Nga  4 Trần Thị Thu Hoài Unit 3: MICROECONOMICS  I: Vocabulary  II: Summary  III: Questions  IV: Open questions 1. /əb se ·ən /ˈ ʃ 2. / b d · t/ ˈ ʌ ʒ ɪ 3. / æl·ə ke t/ ˈ ˌ ɪ 4./’æl.ə ke . ən/ ˈ ɪ ʃ 5. / p .t əs/ ˈ ɜː ʃ 6. /mə i .nə.ri/ ˈʃ ː 7. /r z lt/ ɪˈ ʌ 8./’rel·ə·vən·si/ 9. / rel·ə·vənt/ˈ 10./’t p· ·kli/ɪ ɪ  obsession  budget  allocate  allocation  purchase  machinery  result  relevance  relevant  typically  nỗi ám ảnh  ngân sách  phân bổ  sự phân bổ  mua  máy móc  kết quả  sự thích hợp  thích hợp  điển hình I: Vocabulary. 11./’flek·sə b li·tiˈ ɪ 12./d skr b/ ɪˈ ɑɪ 13./ tre d f/ˈ ɪ ˌɔ 14./ pref·ər·əns/ˈ 15./kən stre nt/ˈ ɪ 16./kən stre n/ˈ ɪ 17./ə te n·mənt/ˈ ɪ 18./’k r·əɔ sp n·d ŋˈ ɑ ɪ 19./ ed ·əˌ ʒ ke · ən/ ˈ ɪ ʃ  flexibility(n)  describe(v)  trade-off  preference(n  contraint(n)  contrain(v)  attainment  correspondin g  education(n)  linh hoạt  miêu tả  sự đánh đổi  sự ưa thích  sự ép buộc  ép buộc  sự đạt được  sự tương thích  sự giáo dục 20./ə kju mjəle tˈ ː ɪ 21./pə ten əl/ ˈ ʃ 22./ pə tju nəti/ ˌɒ ˈ ː 23./ə b ləti/ ˈ ɪ 24./ k rənt/ˈ ʌ 25./ f məˌ ɑː sju t kəl/ ˈ ː ɪ 26./d t m n/ɪˈ ɜː ɪ 27/di t m ’nei ən ˌ ɜː ɪ ʃ  accumulate  potential(n)  opportunity  ability(n)  current  pharmaceutic al(a)  determine(v)  determinatino n  sự tích lũy  tiềm năng  cơ hội  khả năng  hiện tại  thuộc về dược phẩm  xác định  sự xác định 28./kə lek ən/ ˈ ʃ 29./kə lekt/ ˈ 30./ təmə bi l/ˈɔː ʊ ː 31./kəm pi t/ ˈ ː 32./ k mpə t ən/ˌ ɒ ˈ ɪʃ 33./kəm pet tər/ ˈ ɪ 34./ kw ləti/ ˈ ɒ 35./ d səpl n/ ˈ ɪ ɪ  collection(n)  collect(v)  automobile  compete(v)  competition(n  competitor  quality  discipline  sự sưu tập  sưu tập  ô tô  cạnh tranh  sự cạnh tranh  đối thủ  chất lượng  quy định,kỉ luật 36. / æn·əl z/ˈ ˌɑɪ 37. /skeərs/ 38. / kw n.tə.ti/ ˈ ɑː  analyze  scarce  quantity  phân tích  khan hiếm  số lượng The Unit 3 reading has 3 main ideas:  First, Microeconomics is a branch of economics and it is the study of individuals' behavior in making decision on the allocation of scarce resources. In detail, it studies the way to allocate limited resources, the way to make the best tradeoff for workers, consumers and firms Next, there are 3 main sides of microeconomics:  The first one is the idea of making optimal trade-offs within the modern markets. Consumers, with the limited incomes and their preferences, maximize the well-being by trading off the purchase of good's quantity and their consumption. Workers are also stuck between a rock and a hard place as they must make decision on when and whether to enter the workplace, choice of employment and hours of work. Corporations with the available resources , have to decide what to produce and how many.  The second one is the role of prices, which can be explained throughout the fact that all of the trade-offs are based on the prices faced by individuals.  Last is how Microeconomics explains the process that prices are determined due to the interactions among economic agents. Finally, economics is very important, so we must try to learn it ^^ [...]... job and another 10 Why do firms trade-off ?  Because they face limited budgets and technical know-how (financial resource) 11 What do firms trade-off ?  They faced trade-off between: Producing this products and producing another Hiring additional workers and buying new machines 12 What does the theory of the firm indicate?  It describes how these trade-offs can be best made 13 . What are three... II: Question 1 What’s microeconomics?  Microeconomics is a branch of economics and it is the study of individuals’ behavior in making decision on the allocation of scarce resources 2 What do limit include ?     The limited The limited week) The limited how The limited incomes time (number of hours in a budgets and technical knowfinancial resource 3. Who makes decisions on the allocation... producing another Hiring additional workers and buying new machines 12 What does the theory of the firm indicate?  It describes how these trade-offs can be best made 13 . What are three important themes of Microeconomics ?  The idea of making optimal trade-offs, the role of prices and the process prices are determined  IV: Open questions Thank for you listening!! ^^ . xác định 28./kə lek ən/ ˈ ʃ 29./kə lekt/ ˈ 30 ./ təmə bi l/ˈɔː ʊ ː 31 ./kəm pi t/ ˈ ː 32 ./ k mpə t ən/ˌ ɒ ˈ ɪʃ 33 ./kəm pet tər/ ˈ ɪ 34 ./ kw ləti/ ˈ ɒ 35 ./ d səpl n/ ˈ ɪ ɪ  collection(n)  collect(v)  automobile  compete(v)  competition(n  competitor  quality  discipline  sự. lượng  quy định,kỉ luật 36 . / æn·əl z/ˈ ˌɑɪ 37 . /skeərs/ 38 . / kw n.tə.ti/ ˈ ɑː  analyze  scarce  quantity  phân tích  khan hiếm  số lượng The Unit 3 reading has 3 main ideas:  First, Microeconomics. Thị Mến  3 Tạ Thanh Nga  4 Trần Thị Thu Hoài Unit 3: MICROECONOMICS  I: Vocabulary  II: Summary  III: Questions  IV: Open questions 1. /əb se ·ən /ˈ ʃ 2. / b d · t/ ˈ ʌ ʒ ɪ 3. / æl·ə ke