
- •В.В. Жданович Иностранный язык Экономика
- •660041, Г. Красноярск, пр. Свободный, 79
- •Vocabulary for the text
- •Microeconomics versus macroeconomics
- •Vocabulary developing
- •Vocabulary for the text
- •Economic Growth
- •Vocabulary developing
- •Where are the next economic miracles
- •Vocabulary developing
- •Vocabulary for the texts
- •Origins of money
- •Vocabulary developing
- •Image Linking in Microsoft Money Plus
- •Vocabulary developing
- •Vocabulary for the texts
- •Savings and consumption
- •Vocabulary developing
- •Vocabulary developing
- •Vocabulary for the texts
- •A Food Crisis?
- •Vocabulary developing
- •Make it cheaper and cheaper.
- •Vocabulary developing
- •Bibliography
- •Net Reference:
Vocabulary developing
Exercise 4. In the text find the English equivalents for the following:
суммарное потребление
максимизация прибыли
разряд макроэкономики
финансово-бюджетная политика
равновесие рынка
( отдельная ) семейная единица
ставки процента
8. кредитно-денежная политика
Exercise 5.
Match the words from the text (1-8) with their meanings (a-h):
1. to improve a to upswing
2. to figure out b to calculate
3. explicit c detailed
4. fiscal d financial
5. monetary e currency
6. to determine f to regulate
7. output g product
8. aggregate h total
Exercise 6.
Choose the correct alternatives:
The great water power of the Mississippi at Minneapolis enables the millers there to output / to input some 1,200 tons of flour per day.
The aggregate / accumulated amount of labour was not so plentiful as the heads expected at the beginning of the campaign.
Demand determines / defines the current prices on luxury goods.
The rate / norm of surplus value is indicated in papers but it could vary from region to region.
This fiscal / monetary document is already overdue.
DISCUSSION
Most of the economic topics covered on television and in newspapers are of the macroeconomic variety, but it’s important to remember that economics is about more than just trying to figure out when the economy is going to improve and what the Fed is doing with interest rates.
Visualize “micro” and “macro” with as many “pictures” as you can.
Student 1. Microeconomics is the study of small economic units.
Student 2. Macroeconomics is the “big picture” version of economics.
UNIT 2
PREVIEW
Exercise 1.
Answer the questions or predict the answers for the questions below:
What are the possible criteria to define the growth in the economic state of a country?
What are the likely stages of growing economically?
Could you say that developed countries are constantly enjoying the economic growth and developing nations are either in a stagnation period or suffering bad times?
Vocabulary for the text
growth n Collocations - capital growth - economic growth - growth path |
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an increase in the value of goods and services provided in a country or area |
objective n Collocations - to attain (gain, win) an objective - long-range objective |
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goal, purpose |
commerce n Collocations - domestic commerce - foreign commerce |
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1) trading; 2) contact |
promote v |
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1) to encourage; 2) to raise the job rank or title; 3) to support |
capacity n Collocations - available capacity - at full capacity - capacity production |
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1) the amount of something that a factory can produce, volume, content; 2) capability |
standard of living = standard of life |
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norm, level |
stock of capital = capital stock |
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joint stock, equity stock, equity share |
per capita |
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per person, per head |
flat adj Collocation flat market |
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1) plain; 2) equal; 3) inactive, stagnant |
emergence adj |
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1) appearance; 2) emergency |
adequate adj Collocations - adequate response - adequate supplies |
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1) corresponding, respective; 2) sufficient, ample, enough; 3) qualified |
marginal adj |
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1) extreme, critical; 2) detrimental, ineffective |
unequivocal adj
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definite, explicit, clear |
externalize v
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1) to embody in outward form; 2) to get the result or outcome because of external factors |
disruption n Collocations - disruption of a schedule - disruption of production |
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1) destruction, demolition, devastation, ruin; 2) breach, trouble, violation |
pattern n Collocations - spending pattern - pattern of life |
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1) sample, prototype, model; 2) style, character, mode; 3) structure, scheme |
aid n Collocations - to extend, give, offer, provide, render aid - first aid - urgent aid - economic aid |
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1) help, support, assistance; 2) helper, assistant |
access n Collocations - market access - to gain, get access |
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availability |
underclass n |
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the lower social strata |
inevitable adj
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unavoidable, necessary |
consequence n Collocations - to take, accept, bear, face, suffer the consequences of - be of little consequence - be of no consequence - far-reaching consequences - possible consequences |
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1) result; 2) inference; 3) matter of some consequence, importance |
emerge v Collocation - emerging markets |
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to arise, to appear |
underweight n, v |
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1) deficiency in weight below a standard or requirement (n) 2) to weigh less than is usual, required, or proper (v) |
overweight n, v |
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1) extra in weight, higher in a standard or requirement (n) 2) to weigh more than is usual, required, or proper (v) |
yield n, v Collocations
- to yield a profit |
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perform v |
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1) to do, execute, or accomplish something; 2) to acquit one s self in any business; esp., to represent sometimes by action; to act a part |
surpass v |
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1) to become better, greater, or stronger than; 2) to go beyond; 3) to transcend the reach, capacity |
break out v |
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1) to develop or emerge with suddenness or force; 2) to become covered; 3) to make a break from a restraining condition or situation 4) to produce for consumption |
mature adj, v Collocation - mature product |
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leverage n |
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1) power, effectiveness; 2) the use of credit to enhance one's speculative capacity |
prosperity n |
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success, well-being |
average n |
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1) a single value (as a mean, mode, or median) that summarizes or represents the general significance of a set of unequal values; 2) an estimation of or approximation to an arithmetic mean |
range n, v Collocation - range bracket |
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1) a series of things in a line; 2) an aggregate of individuals in one order; 3) a direction line; 4) the horizontal distance to which a projectile can be propelled; 5) the space or extent included, covered, or used, scope; 6) a sequence, series, or scale between limits |
gravity n |
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1) importance, significance; 2) a serious situation or problem; 3) weight |
READING 1