- •I think and say
- •II read and talk
- •1 Read the words and their translation, memorize them.
- •2 Read and translate word combinations.
- •3 Read the text about economics.
- •2 Give the derivatives of the words below.
- •3 Complete the sentences.
- •4 Fill in proper prepositions.
- •4 Mark the following statements true or false.
- •5 Answer the questions.
- •III check and improve your vocabulary skills
- •1 Guess the words by their definitions:
- •5 Translate into English.
- •Iy it is interesting to know
- •1 Read the text about Adam Smith, the Father of modern Economics.
- •2 Choose the right answer.
- •1 Ask somebody questions. Start your questions with Do/Does /Did.
- •2 Put questions to the italicized words.
- •3 Ask the questions. Read the answers to the questions first.
- •4 Arrange the words below into questions.
- •5 Make questions with going to.
- •6 Put questions to the words in italics.
- •1 Share your understanding of
- •2 Read and say which of the quotations from Henry Ford you find really impressive.
- •1 Think of phrases which you and your business partner may exchange when seeing each other for the first time.
- •2 Now role play two dialogues.
- •3 You are Ivan Skory. You are meeting your business partner
- •4 Make up a dialogue. Try to use the following phrases:
- •I think and say
- •II read and talk
- •1 Read the words and their translation, memorize them.
- •2 Read and translate word combinations.
- •3 Read the text about three world known companies.
- •4 Mark the following statements true or false as for Samsung Electronics Co., Ltd.’s story.
- •5 Answer the questions about Apple Inc.
- •6 Complete the sentences dealing with the Nokia’s story.
- •7 Choose the right answer to complete the sentences below.
- •4 Translate into English.
- •Iy it is interesting to know
- •Read some more facts about Samsung, Apple and Nokia companies.
- •2 Comment and enlarge on the topics above if you can.
- •3 Do you know the world known company Michelin? What do they produce? Do we have their products in Ukraine?
- •4 Read the text about the history of Michelin company.
- •5 Answer the questions.
- •6 Correct the sentences below.
- •7 These sentences are about the history of the car manufacture Skoda. Put them into the correct order.
- •8 Read the notes about the l’oreal company and write six sentences about its history. Use the words and phrases given below to sequence the ideas.
- •5 Chose the correct words in italics in each sentence.
- •6 Complete the text with the correct form of the adjectives in brackets.
- •7 Complete the sentences using as ... As.
- •9 Choose the correct form of the words in italics.
- •1 Share your knowledge of history and modern activities of
- •2 Read and comment the quotations from Henry Ford.
- •1 Read the Ben Walker’s job profile.
- •2 Read what Charles Cotton is telling about his work.
- •3 Read the dialogue about the organization and business.
- •4 Compile your personal profile presenting the information as it goes in tasks 1 – 3. The phrase below may be quite helpful:
- •5 Have a partner for a dialogue and ask him/her about his/her company’s business, title and responsibilities.
- •I think and say
- •1 Do you feel like you can start a business of your own? What kind of business exactly? Would you like to do it alone or with a group of people?
- •2 Where would you try to find people to work for your company?
- •3 What kind of responsibility are you ready to take in your company? Explain.
- •II read and talk
- •1 Read the words and their translation, memorize them.
- •2 Read and translate word combinations.
- •3 Read the text about three types of business
- •4 Mark the following statements true or false.
- •5 Answer the questions.
- •6 Read the text about corporation structure and activities.
- •2 Choose a proper derivative to fill in the blanks in the sentences below.
- •3 Complete the sentences.
- •4 Fill in proper prepositions.
- •5 Translate into English.
- •Iy it is interesting to know
- •2 Make a list of the key points given in the text.
- •3 Say what you have read about the company’s management.
- •1 Answer the following questions:
- •2 When were these famous people born? You have to choose the right year for each person: 1889, 1770,1452, 1814, 1564.
- •3 Rewrite the sentences in the passive.
- •4 Imagine that you are working at the office. Answer the questions.
- •5 Put questions to the words given in italics.
- •6 Rewrite the sentences below using the correct form of the Passive. Omit the agent if it isn't important.
- •7 Use the proper Passive form to complete the sentences below.
- •7 Translate into English.
- •8 Read, translate and give Ukrainian equivalents of the proverbs.
- •2 Do you find the information impressive? Share your thoughts on the point.
- •1 Imagine that your colleagues say to you the phrases below. Decide which phrases you would say in reply.
- •2 Complete the phrases to match the replies, then role play the conversations.
- •3 Read the dialogues.
- •4 You and your partner are working in the same office. Below are several mini-situations to role-play.
- •1 Read what humorists say about the corporations.
- •2 Read and dramatize a story.
4 Mark the following statements true or false.
1 All of us are only biological beings.
2 People need material things because they want to have as much property as possible.
3 Our planet is rich in unlimited resources.
4 Economics tries to satisfy human wants.
5 Politicians pay attention to the voters with a knowledge of economics.
6 Economic knowledge may help us to avoid problems and conflicts.
7 Economics can be both theoretical and practical.
8 There are three basic operations people can do with the goods and services.
9 Total measurements are considered by microeconomics.
10 The activity of a particular company is typically studied by policy economics.
5 Answer the questions.
1 Can we say that people are purely biological beings?
2 What kinds of wants do people have?
3 What tool does production have to satisfy material wants?
4 Why is it not possible to satisfy all human material wants?
5 Do politicians consider the voters with economic knowledge?
6 What spheres of human life may be improved through knowledge of economics?
7 What level of economics deals with general and total characteristics?
8 Why do we say that in microeconomics we examine the trees, not the forest?
III check and improve your vocabulary skills
1 Guess the words by their definitions:
need, absence of some necessary thing
supplies of goods, raw materials, etc. which people have or can use
the state of being pleased or contented
system or arrangement that supplies public needs
money gained in business
number of separate things brought together into a mass or group
complete, entire
to use up, get to the end of
to give work to
people who express their opinions or wills for or against something or somebody by ballot
(want, resource, satisfaction, service, profit, aggregate ,total,
to consume, to employ, voters)
2 Give the derivatives of the words below.
productive –
social –
essential –
satisfaction –
specific –
applied –
consuming –
to examine-
policy-
to behave –
3 Complete the sentences.
1 In a society people need goods and services . . . . . . . . . . . .
2 The total of all material wants is many times greater than . . . . . . . . . . . . .
3 Studying economics . . . . . . . . . . . . . . . . ..analytical skills.
4 Economics also helps consumers and workers make better . .. . . . . . . . . . . .. . . .decisions.
5 . . . . . . . . . .. is a course of actions based on economic principles.
6 In . . .. . . . . . . . . .. . . we examine the trees, not the forest.
4 Fill in proper prepositions.
1 Production operates. … . . the organizational mechanism called the economic system.
2 Economics is concerned . . .. the efficient use of limited or scarce resources.
3 Analytical skills are . . . . great demand . .. . the workplace today.
4 The study of economics helps us understand the everyday activity . . . . . . . . . . . us.
5 Economic policy is a course of actions based . . . . . economic principles and intended to solve a specific problem.