- •Section 1. Individual and society Key vocabulary
- •1. Read the following words
- •2. Read and translate the groups of words given
- •3. Remember the words given
- •1. Make up sentences using the following words
- •2. Fill in the blanks with prepositions
- •3. Fill in the gaps with the verbs given in brackets
- •4. Response on the following
- •5. Make up questions to the following sentences.
- •Speaking
- •1. Work in pairs. Discuss the underlying problem of Economics.
- •2. In groups, define why a high standard of living is impossible without a cooperation of large numbers of people. Section 2. Scarcity and choice Key vocabulary
- •1. Learn the following words and word combinations by heart
- •Read and translate the groups of words give
- •1. Listen, read and translate the text
- •1. Define the main idea of each passage in the text
- •2. Scan the text again and define the three basic choices to be made.
- •3. Match the words from the text with corresponding definitions
- •4. Fill in the gaps
- •5. Join the sentence halves below
- •Chapter 2. Economic system Section 1. The Role of the Market Key vocabulary
- •1. Read the following words
- •The role of the market
- •5. Fill in the blanks with the correct forms of the verbs given in brackets
- •Section 2. The Command Economy, the Free Market Economy and the mixed economy
- •Translate and remember the following word combinations
- •Find the English equivalents to the following word expressions
- •1. Listen, read and translate the text the command economy, the free market economy, the mixed economy
- •Read sentences and decide if they are right or wrong according to the text
- •2. Answer the questions
- •Find the Russian equivalents to the following English word combinations
- •1. Listen, read and translate the text
- •Speaking
- •Section 2.What is microeconomics? Key vocabulary
- •2. Find the equivalents to the following word combinations
- •3. Give the English for the following
- •Listen, read and translate the text
- •1. Join the sentence halves below
- •Match the terms and their definitions
- •3. Answer the following questions for general understanding
- •4. Translate into Russian
- •Chapter 4. Demand and supply, and the Market Section 1. The Market Key vocabulary
- •The market
- •1. Answer the following questions for general understanding
- •2. Match the word and the definition
- •3. Translate into Russian
- •5. Look through the text once again and write a summary using the clichés above.
- •1.Read and remember the following words
- •2. Read and translate the groups of words given
- •3. Translate the word combinations given from Russian into English
- •4. Translate the word expressions given and in simple words explain their meanings
- •1. Listen, read and translate the text
- •1. Fill in the blanks with the correct forms of the verbs given in brackets
- •2. Make up questions to the following sentences
- •3. Answer the following questions for general understanding
- •4. Read each statement given and decide which of the following is not true
- •5.Writing a summary is an useful activity to prepare for any oral task such as retelling or discussion. Here are some clichés to compose a summary:
- •6. Look through the text once again and write a summary using the clichés above Speaking
- •2. Work in small groups. Think about examples of storable commodities, decide whether it is necessary in some economies to stock them and present your ideas to the class.
- •3. Make a brief report on the subject: “Demand and supply, and the Market” Chapter 5. Competition Section 1. The Limiting Cases of Market Structure
- •1.Read and remember the following words
- •Match each expression with its meaning
- •3. Read and translate the groups of words given
- •Listen, read and translate the text
- •1. Fill in the blanks with prepositions
- •2. Read each statement given and decide which of the following is not true
- •3. Make up questions to the following sentences
- •4. Answer the following questions
- •Key vocabulary
- •2. Translate the word combinations given from English into Russian
- •3. Make nouns of these verbs
- •1. Listen, read and translate the text
- •1. Match the terms and their definitions
- •Join the halves of the sentences below
- •Make up questions to the following sentences
- •4. Answer the following questions
- •1. Talk to your partner and give one or two examples of a perfectly competitive market where neither buyers nor sellers believe that their own actions affect the market price.
- •2. So you are aware now that each firm in a competitive industry faces a
- •Section 3. Competition in World Markets Key vocabulary
- •1. Make up sentences using the following words
- •2. Fill in the gaps with the verbs given in brackets
- •Speaking
- •Section 4. Oligopoly Key vocabulary
- •2. Guess the meaning of the following word combinations from the text
- •1. Listen, read and translate the text Oligopoly
- •Language practice
1. Make up sentences using the following words
1. limits, of, economics, to, study, the, of, aspects, the, material, itself, life.
2. problem, an, is, underlying, economics, in, that, survival, of.
3. seem, may, a problem, very, this, remote, very.
4. very, starvation, a, prospect, millions, for, real, human, beings, is, of.
5. peasants, an, Indian, have, living, of, the, low, extremely, standard.
6. people, great, experience, poverty, these.
7. degree, they, a, have, economic, of, independence.
2. Fill in the blanks with prepositions
1. Most textbooks ... Economics begin ... posing the question, “What is Economics ...?”
2. Economics is essentially a study... the ways... which people apply their knowledge… the gifts... nature ...order to satisfy their needs.
3. … the more advanced countries few people are conscious ... a life or death struggle ... existence.
4. Even... the economically advanced countries there is an aspect... survival.
5. Such people have the abilities to sustain life... outside assistance.
6. If we now turn ... the inhabitants of New York we must observe the opposite situation – a high standard ... living together ... an extreme economic dependence.
7. The inhabitants... cities are totally incapable ... providing ... themselves the means ... their survival.
8. Such people depend ... the efforts... many thousands ... specialist workers.
9. ... industrialized societies a high standard ... living is possible only if the organized cooperation ... large numbers ... people can be guaranteed.
10. ... the economically developed countries we are rich, not as individuals, but only as members ... a complex economic organisation.
3. Fill in the gaps with the verbs given in brackets
1. Although Economics... a vast subject and precise definitions... usually very complex, it... not a difficult matter to give a simple answer to the basic question (to be).
2. Economics ... itself to the study of the material aspects of life ( to limit).
3. We must examine how people have solved or ... to solve this problem (to try).
4. It... little attention from those of us fortunate enough to live in these areas (to attract).
5. A large percentage of human race still... in small self-sufficient communities (to live).
4. Response on the following
1. What do most introductory books on Economics begin by?
2. What does Economics study?
3. What does it limit itself to?
4. What categories of people can survive without outside assistance?
5. Why do they have a very low standard of living?
6. Why aren't the inhabitants of big cities economically independent?
5. Make up questions to the following sentences.
1. Precise definitions are usually very complex.
2. Economics limits itself to the study of the material life.
3. The Indian peasants have an extremely tow standard of living.
4. A large percentage of the human race still lives in very small peasant communities.
5. These people experience great poverty.
6. The inhabitants of big cities depend on the efforts of specialized workers.