5.  Work with you partner, compile your own sentences with some of the following words and expressions and then read them to your partner to translate:

assert, application, classic account, comprehensive study, decrease, contribution, economic force, emphasis, employment, governmental regulation, increase, the means of, significant, statistical data, social life, necessity, on the basis of, population growth, value, government interference

6.  Find English equivalents to the following words and expressions in the text (paragraphs e – h):

E. изобилие; применение; утверждать, заявлять; классические методы; определять; значительная или неотъемлемая ценность; предельная полезность; потребность в чем-либо; понятие; усовершенствовать, улучшать; относительная редкость, нехватка;

F. производственный цикл; классическая концепция; трудоустройство; свободная экономика; усилия правительства; проценты; модификация, изменения; открыть (возможность), предоставить (условия); непосредственно вкладывать в; разнообразие инвестиций; метод подпитки государственным обеспечением; неуравновешенный бюдже;

G. вклад; экономика роста и развития; акцент; быть известным/примечательным за что-либо;

H. сложные математические методы; понижать, снижать; эконометрика; экономическое прогнозирование; целостная экономическая система; за последние годы; повышать, увеличивать; основная сфера/область; наблюдать, следить; удовлетворение; раздельный; статистические данные.

7.  Read the following terms and explain their meaning in English:

welfare economics; iron law of wages; division of labor; the dismal science; laissez-faire; private property; the basic economic force; competition; economic forecasting; macroeconomics; microeconomics

8.  Review the Structure of English sentence. Analyze the table below:

Subject	Predicate	Object			Adverbial Modifier
		Non prepositional indirect	Direct	Prepositional indirect	Course of action	Place	Time
Who What	What do/be	Whom	Who, what (objective)	What/who about, with, for, etc.	How, in what manner	Where	When

Note: Sentences fall into four general groups – declarative, imperative, interrogative and exclamatory. (see Appendix) Every English sentence must have a subject and a predicate. A declarative sentence states facts or opinions:

- The class discussed a very important problem yesterday.

The English sentence has a fixed word order. The predicate is the core of sentence structure (simple or compound) and content. The subject of Declarative sentence precedes the predicate and the object that follows it. The Attribute is a subordinate part of the sentence. It usually name or describe a noun and does not have a fixed position in a sentence. It usually takes any place where a noun is in a sentence.

a) read and analyze the sentences below. Find the predicates in each sentence and characterize their tense and aspect.

1. Our students will recognize the economic basis of social life. 2. The medieval period was marked by the disruption of the flourishing commerce of the ancient world. 3. Classical economics reached its fullest expression at the end of the 19th century. 4. The most important modification of classical concepts of the free economy is the work of John Maynard Keynes. 5. A principal result of Keynes's teaching has been reflected in governmental attempts to control the business cycle by putting money directly into the economy. 6. Business should follow freely the "natural laws" of economics without government interference. 7. Wages tend to stabilize at the subsistence level. 8. At the same time as Marx was writing, the principles of classical economics were being reformulated and refined. 9. John Stuart Mill was a follower of Ricardo. 10. Microeconomics observes the workings of the market on an individual or group within an economic system.

b) make up sentences from the following words:

1. is, best, She, friend, my

2. learn, different, students, Our, subjects

3. the, is, Russia, in, country, the, largest, world

4. not, My, umbrella, is, old, beautiful, very

5. canteen, There, a lot of, at, students, aren’t, the

6. acquaintance, has, flat, a comfortable, Their

7. my University, from, Many, graduated, people, famous

8. two, have, to, I, want, children

9. in, the, We, city, live, a, flat, in, of, center, the

10. gave, a book, my brother, yesterday, I