- •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. Join the sentence halves below
1. For many purposes, the analysis becomes so complicated |
a) comparing the market of cars with the market for bicycles |
2. A microeconomic analysis of miners' wages could get known |
b) it is said to be partial analysis |
3. Microeconomists offer a precise treatment of one aspect of economic behaviour |
c) that we can lose kernel of the issue in which we were interested |
4. We are able to explain output of these two goods |
d) the specific features of miners themselves and the ability of mine owners to pay wages |
5. When microeconomic analysis doesn`t touch such indirect effects |
e) but ignore interactions with the other branches of the economy in order to keep the simplicity of the analysis. |
Match the terms and their definitions
housing
|
refuse to take notice of smth. or to reject as ungrounded |
manageable |
group of individual dwellings or apartment houses typically of similar design that are usu. built and sold or leased by one management |
ignore |
capable of being to handled or directed with a degree of skill |
interaction |
state of balance between opposing forces or actions that is either static or dynamic |
equilibrium |
mutual or reciprocal action or influence |
3. Answer the following questions for general understanding
l. What are the ways to classify branches of economics?
2. What does microeconomic analysis deal with?
3. What are the approaches to understand the pattern of consumption, production and exchange?
4. What is an interesting task for economics?
5. What do microeconomists tend to offer and to ignore?
6. Are indirect effects important for microeconomists?
4. Translate into Russian
a) Many economists specialize in a particular branch of the economics.
в) Microeconomists offers a detailed analysis of one aspect of economic behaviour but ignore interactions with the rest of the economy.
с) General equilibrium theory is the branch of microeconomics.
d) General equilibrium theory studies simultaneously every market for every commodity.
e) We can understand the complete pattern of consumption, production, and exchange in the whole economy at a point in time with the help of microeconomic analysis.
f) The interesting task for economics is to devise judicious simplifications which keep the analysis manageable without distorting reality too much.
g) Indirect effects may not be too important and it will make sense for economists to devote their efforts to very detailed analyses of particular industries or activities.
f) In other circumstances, the indirect effects are too important and an alternative simplification must be found.
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:
- the main aim of the text is ….
the article begins with…
the text under consideration points out….
in the text emphasis is also given to…
in conclusion the text reads….
Look through the text once again and write a summary using the clichés above
Speaking
Work in small groups. Discuss the following
Suppose you live by yourself on an island. Which of the problems, what, how, and for whom would you not have to solve?
2. Work in pairs and tell your partner how the three problems of what, how, and for whom are settled within your own family?
3. Imagine you are a participant at a scientific conference on economics.
You have to make a 4 minute report on the topic «Macro - and Microeconomics».