Basic principles of determination of market cost

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Задание № 3. Прочитать и перевести текст (20 баллов)

The principle of economic land suitability evaluation is simple: cost the inputs, price the benefits, and calculate the net returns in money terms. Decisions have to be made about the manner of pricing, rates of discounting, costs and returns, external factors to be included, and which economic yardsticks to use for interpreting the results. These decisions call for careful judgment, since they

have an equal or greater effect on the results than that of qualities of the land. Economic land evaluation is a method for predicting the micro-economic value of implementing a given land-use system on a given land area. This is a more useful prediction of land performance than a purely physical evaluation, since many land-use decisions are made on the basis of economic value. Measures of economic suitability include the gross margin, net present value, internal rate of return, benefit: cost ratio, and utility functions based on these. The economic value of the in-situ resource quality of a land area may be inferred directly from land characteristics or from Land Qualities which, when less than optimum, result in decreased yields or increased costs.

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Задание № 3. Составьте мини-глоссарий. (20 баллов)

Economic land evaluation	A study of potential property uses, but not value.
Land	Currency and coin that are guaranteed as legal tender by the government, a regulatory agency or bank.
evaluation	an area of ground used for some particular purpose (such as building or farming)
Money	an evaluation of suitability based on some economic measure of net benefits
land area	an area of the earth's surface

Задание № 4. Найти из мини-глоссария английские эквиваленты и записать их в правую колонку (15 баллов)

оценка пригодности
чистая выгода
земная поверхность
валюта и монета
законное средство платежа
цель
сельское хозяйство

Запись домашнего задания:

а) пересказать текст.

б) выучить новую лексику

в) выполнить практ. работу № 11 (2)

г) сдать Самостоятельную работу № 3.

Симферопольский колледж

Государственного высшего учебного заведения

КНЭУ им. В. Гетьмана

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