Vocabulary

to arrange - устраивать, организовывать

wealth - благосостояние, богатство

competitive market - конкурентоспособный рынок

income distribution - распределение дохода

security - обеспечение, безопасность

balance of trade - торговый баланс

to set priorities - устанавливать приоритеты

policy – политика

Task 1. Find in the text English equivalents for the following.

Благоприятное общество; исследовать проблему; улучшить свое положение; промышленная революция; цель; решить для себя; эконо­мическая эффективность; внести вклад в ...; логические последствия; личность; эгоистический; щедрость; спрос и предложение на ...; при­нимать решение; объединить действия.

Task 2. Match the words with their meanings.

1) to predict		aim
2) favourable		development
3) competitive		to look for
4) to seek		rival
5) to better		propitious
6) employment		to foretell
7) growth		regular paid work
8) goal	)	to improve
9) accurately	i	person / country which makes something
10) producer	J	very correctly

Task 3. Choose the necessary word and put it in the sentence.

1. How is it best ... an economy to provide the most favourable society?

2. When each person ... to better his own position the result is the im­provement of all the society.

3. Countries are larger and technologies are much more ....

4. We must... "most favourable".

5. It is not possible ... all at the same time.

6. Understanding microeconomics can ... decision makers to act wisely.

7. They will be ... to accurately predict the logical consequences of their actions.

8. We examine individual consumers and ... their actions to determine market demand.

9. We examine ... producers to determine market supply.

10. Microeconomics ... how individuals act.

	a) seeks
	b) advanced
	c) to arrange
	d) allow
	e) to achieve
	f) define
	g) combine
	h) examines
	i) individual
	j) able

Task 4. Translate into English.

1. Макроэкономика охватывает следующие цели: экономический рост, полная занятость, экономическая эффективность, ценовая ста­бильность, экономическая независимость, правильное распределение доходов и т.д.

2. Микроэкономика изучает деятельность отдельных людей.

3. Понимание микроэкономики позволяет людям принимать муд­рые решения, точно предсказывать логические последствия их дейст­вий.

4. Для многих из нас помощь другим является частью своего соб­ственного счастья.

5. Мы изучаем поведение потребителей для определения рыночно­го спроса на определенный товар либо услугу.

Task 5. Translate paragraphs [1| and [6] into Russian.

Task 6. Read paragraphs [2] and [3] and decide whether these statements are true or false:

1. Goals of macroeconomics include international economic relations.

2. Goals of macroeconomics include economic growth, full employ­ment, economic efficiency, price, stability, economic freedom.

3. It is possible to achieve all goals at the same time.

4. Today countries are larger and technologies are much more ad­vanced.

5. The question "How is it best to arrange an economy to provide the most favourable society?" is one of the most important in economics.

Task 7. Read paragraphs [4] and [5] and find the answers.

1. How does microeconomics contribute to the achievement of the best possible life?

a. It sets government unemployment pay.

b. Through advertising it helps the decision makers to predict their ac­tions.

с. Understanding microeconomics can allow individuals to act wisely in their own positions in business and in their own personal decisions because they, too, will be able to accurately predict the logical consequences of the actions of their leaders.

2. In what way do we determine market demand for any product or ser­vice?

a. We must examine types of coordinating mechanisms.

b. We must examine individual producers.

с We examine individual consumers and combine their actions.

3. In what way do we determine market supply for any product or ser­vice?

a. We must examine types of coordinating mechanisms.

b. We must examine individual consumers.

с We examine individual producers and combine their actions.

Task 8. Read these sentences. They are in the wrong order. Can you put them in the correct order?

1. Time, it, possible, not, to, achieve, is, goals, at the same, all.

2. Goals, must, which of the, each, society, decide, important, for itself, is, the most.

3. Understanding, positions, act, microeconomics, can, wisely, allow individuals, to, in their own, in business.