- •Economic systems
- •Match the terms with their definitions.
- •Choose three terms and describe their meaning in everyday life in small
- •Before you read Text a scan it and find three sentences that convey the main ideas. Text a Types of Economic Systems. Traditional and Command Economies.
- •Vocabulary prectice
- •A) Find in the text English equivalents for the following word combinations. Write your own sentences using them.
- •Give Ukrainian equivalents for the following word combinations.
- •Make up and play out a dialogue with another student using the
- •The italicized words in the sentences below are found in this unit. Study the sentences. Then identify the part of the speech and write your own definition for the words on the line provided.
- •In each set of words, cross out the words that does not have a similar meaning to the first. Compare your answer with another student. Discuss why the words are similar.
- •Fill in the missing words in the sentences below. Choose from the box. Translate the sentences into Ukrainian.
- •Write one word in each gap to complete the sentences.
- •Prepare a summary to Text a.
- •Read the text. Number the following words with their underlined equivalents in the text.
- •McDonald’s and Hindu Culture
- •Translate into English:
- •Read the following text. For each gap, choose the best words a, b, c, or d.
- •You are going to read the text about “a traditional economy”. . A) Brainstorm words connected with “ economy”
- •A traditional economy
- •Scan the text. Title it and prepare a brief summary of the text.
- •Before you read Text b scan it and find three sentences that convey the main ideas. Text b a Market Economy
- •Vocabulary prectice
- •A) Find in the text English equivalents for the following word combinations.
- •Answer the following questions:
- •Fill in the missing words in the sentences below. Choose from the box. Translate the sentences into Ukrainian.
- •Translate into English:
- •Make up a question plan to the text. A mixed economy
- •Which of these statements gives the best summary of the ideas in the text?
- •Mark these statements t (true) or f (false) according to the information in the text. Find the part of the text that gives the correct information.
- •Economic and Social Goals
- •2. Read the text “Economic and social goals” and answer the following questions:
- •Read the text and make a question plan to it. Write a summary to
- •Complete a graphic organizer like the one below to identify the five characteristics of a free enterprise economy. Then provide an example of each.
- •Stolen Profits
- •Worldwide Problem
- •Hot Growth at Claire’s
- •The owner of a successful business empire
- •The Role of the Consumer
- •Принципи ринкової економіки
- •Answer the following questions.
- •Assignments for discussion.
- •Comparing Economic Systems
- •Use a graphic organizer like the one below to describe how economic systems answer the basic economic questions.
- •V. Role-play
- •1. Listen to Michael Kitson talking about the role of government.
- •2. Fill in the gaps.
- •3. Listen again and answer the questions.
- •Complete the words below to match the following meaning
Vocabulary prectice
A) Find in the text English equivalents for the following word combinations.
b) Make up and play out a dialogue with another student using the
English word combinations.
Збиратися разом, багато свободи, звернути увагу на, високий ступінь свободи, змінюватися з часом, націонольна оборона, розмаїття товарів та послуг, високий ступінь задоволення споживача, заробляти на життя, мати високий ступінь невизначеності, всебічна охорона здоров’я,продавати заради прибутку, витрати на оплату праці.
a) Give Ukrainian equivalents for the following word combinations.
b) Make up your own sentences using the English word combinations.
To make decisions in their own best interest, to exchange goods and services, to find the best production methods, the income that consumers earn and spend, the private ownership of resources, to focus on different features of the same economy, to invest further in their own education and training, small degree of government interference, environmental protection, to stay out of the way, to keep the neighbor’s dog out of your yard, charitable groups.
Answer the following questions:
What is a market economy?
Who answers the questions of What, How and for Whom to produce in a market economy?
Who makes decisions in a market economy?
What is a market in economic term?
Who will stay in business in a market economy?
What advantages does market economy have?
Who owns the means of production in a society with a market economy?
What role do buyers and sellers play in a market economy?
Fill in the missing words in the sentences below. Choose from the box. Translate the sentences into Ukrainian.
economic system, market, economic questions, motivates, mixed economies, arranges, government institutions, income, government interference, encourages |
When it comes to an economy, there are three basic ________________that each must answer.
The way that a country ____________these questions is based on their economic system.
The essential differences of ____________lie in the degree to which economic decisions are made by individuals as opposed to __________and in whether the means of production are privately or publicly owned.
A market economy _____________workers greatly to work harder because they are only paid based on what they do.
A worker can increase their ____________or profit by having extra work and this chance to profit ______________them.
The essence of the ____________economy is freedom.
There is freedom to own property, freedom to buy and sell and freedom from ___________________in the economic aspect of each individual’s life.
The eternal question for __________________is just what the right mix between the public and private sectors of the economy should be.
Translate into English:
У більшості демократичних країн основні економічні питання визначаються ринком.
Уряд намагається не втручатися в жодні галузі, крім національної оборони.
Велика кількість незалежних покупців і продавців, приватна власність та мотив прибутковості – невід’ємні складові ринкової економіки.
Мотив прибутковості заохочує людей отримувати найбільший прибуток з найменшими витратами.
Ринкова економіка – це така економіка, у якій окремі люди і бізнес-фірми приймають головні рішення щодо виробництва і споживання.
Одна з головних переваг ринкової економіки полягає у свободі, яка існує для кожного підприємця.
У ринковій економіці будь-який товар може і буде виготовлений, поки на нього є покупець.
READING
ACTIVITY 1
Read the text “A mixed economy” and be ready to do the following assignments.