Since I’ll start teaching microeconomics from next week, I thought I might as well combine business and pleasure while I prepare my lectures. I therefore went on Naver and searched for 경제원론 (Principles of economics). I came across a set of lecture slides from Sogang University and quickly started reading. There were SO many new words in these slides, but luckily I was able to infer the meaning of many of them.
For those of you interested in building your specialized vocabulary here’s a list of a few key microeconomic concepts. Now let’s just hope that I don’t accidently introduce my new students to the terms in Korean by mistake.
희소성의 원리 The scarcity principle (all goods are limited)
비용/편익의 원리 The cost/benefit principle
유인의 원리 The incentive principle
한계치 Marginal value
한계비용 Marginal cost
총혜택 Total benefit
기회비용 Opportunity cost
비교우위 Comparative advantage
절대우위 Absolute advantage
Since I learn these words while preparing the lectures based on an English textbook, I can easily relate the words to a certain example or situation. I was therefore happy to discover that when I spoke to my LP in the afternoon after having studied these words in the morning they all stuck in my memory, when he asked about them. He really praised my effort and was only slightly dissatisfied with me learning the word 오류 for the first time. “This is not an advanced word. I thought you knew this.” Well, at least now I do!
Having spent enough time with technical language this weekend, I’ll get back to watching “Kill me, heal me”. I found this drama on viki with Korean subtitles, and so far it seems quite promising.