1. BUSINESS ENGLISH 2
11
weekbusiness english 2 – week 11
Unit 17 – 19
Futures & Derivatives
Market Structure & Competition
Takeovers, Mergers & Buyouts
Business English 2 – week 11
Professor Hayashi

2. BUSINESS ENGLISH 2
11
week
S.No. Slide Name Slide No
1. Attendance & Homework Check 0
2. Review Presentation (Unit 14 – 16) 0
3. Unit 17 – Futures & Derivatives 3-4
4. Unit 18 – Market Structure & Competition 5-7
5. Unit 19 – Takeovers, Mergers & Buyouts 8
6. Homework 9
Today’s Class

3. BUSINESS ENGLISH 2
11
week
1.B
2.A
3.F
4.C
5.E
6.D
Unit 17 – Futures & Derivatives
Vocabulary – exercise 1A pg. 100
helpful link:
http://hubpages.com/hub/options-futures-and-hedging-
meaning-features-similarities-and-differences
Define the main features
and teach your group.
Futures, Hedging &
Speculating, Options and
Swaps

4. BUSINESS ENGLISH 2
11
week
Futures, Hedging & Speculating, Options, Swaps

5. BUSINESS ENGLISH 2
11
week
Unit 18 – Market Structure and Competition
Warm up - Discussion
Read through the discussion on
page 106 and have a quick chat
in your groups
-market leader (#1)
-market challenger (#2)
-market follower (#3,4,etc)
Market Leaders,
Challengers, Followers
Read through pg. 107 and
write headings for each
paragraph in your groups

6. BUSINESS ENGLISH 2
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week
Market Leaders, Challengers, Followers – pg. 107
1. Market Leaders
2. Expanding Markets
3. Market Challengers
4. Market Followers
5. Establishing a Niche/ Dangers
Faced By Market Followers
* read second summary on page
108

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week
Unit 18 - Vocabulary
pg. 109 exercise 2A, 2B
Answers – 2A
1.perfect competition
2.monopoly
3.monopsony
4.natural monopoly
5.monopolistic competition
6.oligopoly
7.economies of scale
8.barriers to entry
9.dominant-firm oligopoly
10.cartel
Answers – 2B
1.monopsony (the government should be
the only buyer)
2.an oligopoly
3.perfect competition
4.monopolistic competition (because of
consumer preference for several marginally
different brands, which creates fragmented
markets too small to allow many
competitors)
5.a dominant-firm oligopoly (IBM –
although, mainframes have now mostly
been replaced by smaller computers)
6.a monopoly (regarding ownership of the
railway tracks)

8. BUSINESS ENGLISH 2
11
week
Unit 19 – Takeovers, Mergers and Buyouts
Do exercise 1A on pg. 112
ANSWERS 1A
1. to innovate (innovation)
2. to diversify (diversification)
3. to merge (a merger)
4. a raid
5. a takeover bid
6. horizontal integration
7. vertical integration
8. backward integration
9. forward integration
10. synergy
DO WRITING EXERCISE ON PG.
118
1.for example
2.Furthermore
3.Yet
4.in other words
5.on the contrary
6.Moreover
7.for instance
8.Even though
9.i.e.
10.however
11.Nevertheless
12.Although
13.because
14.Consequently

9. BUSINESS ENGLISH 2
11
week
11
week
Homework
Visit the Facebook “Professor Hayashi
at HUFS” page and answer the
discussion question

10. BUSINESS ENGLISH 2
11
week
11
week
Homework
Visit the Facebook “Professor Hayashi
at HUFS” page and answer the
discussion question