- •What is economics? Part 1
- •I. Read and memorize the following words, word-combinations and word-groups:
- •II. Give English equivalents of the following:
- •III. Fill in the blanks with appropriate words:
- •IV. Read and translate the text:
- •V. Answer the following questions:
- •VII. Translate into English:
- •I. Read and memorize the following words and word — combinations:
- •II. Text a What is economics
- •III. Give the English equivalents of the following:
- •IV. Fill in the gaps with the words and expressions from the text a:
- •V. Find pairs of words as they occur in the text:
- •VI. Answer the following questions:
- •VII. Match the following terms with their definitions:
- •VIII. Fill in the gaps with the words from the list:
- •Translate into English:
- •X. Text b a. Match the equivalents before reading:
- •The basic economic problem
- •XI. Find in the text:
- •XII. Communicative situations:
- •XIII. Text c Read the paragraphs and reorder them. The key sentence of economics
III. Give the English equivalents of the following:
Товари та послуги, виготовляти, споживати, економічна діяльність, суспільна наука, мати справу з, обмежені ресурси, отримувати, бажання, кількість, досягти цілей, рівень життя, повна зайнятість, обмежені продуктивні ресурси, домогосподарства, власник, споживач, дохід, обсяг готової продукції, забезпечувати додаткові робочі місця, безробітний, державні організації.
IV. Fill in the gaps with the words and expressions from the text a:
1 We spend much of our lives working .
2 We spend a good part of the remaining time those goods and services.
3. In general terms, economics is a social science concerned with using _______________ to obtain the maximum satisfaction of ________________of society.
4. The aim of economics is to help people satisfaction or utility out of the resources at their disposal.
5 They focus on the means major economic goals.
6 We want to get the maximum benefits from the limited productive resources.
7 _________________must buy resources in order to produce goods and services.
8 Because resources are , economy cannot have an unlimited output.
9 Since the 1930s economics is divided into two parts ________________.
10. The main task of is to understand and improve the performance of the economy as _____ a whole.
is concerned with the details of this “big picture”.
V. Find pairs of words as they occur in the text:
to produce a. the facts
to obtain b. the best
to do c. goods and services
to focus on d. choices
to avoid e. the means available
to improve f. extra jobs
to get g- inflation
to make h. understanding
to provide i. economic goals
to describe k. revenues
to achieve 1. utility
VI. Answer the following questions:
What is economics concerned with?
What does economics study?
What are the main questions that an economy must answer?
What are major economic goals?
What are available factors of production?
What are two branches of economics? What are they focused on?
VII. Match the following terms with their definitions:
economics a. nominal income adjusted for inflation
want b. money received during a given period
income c. the relationship between the input of scarce resources and the resulting output of a good or service
economy d. the study of how best to allocate scarce resources
output e. thing to be desired
economic f. the satisfaction a consumer obtains from the growth consumption of a good or services
inflation g. a system for the management and use of resources
economic h. a rise in the general (average ) level of prices of efficiency the economy
utility i. the total amount of the commodity produced
10. real income k. an increase either in real output or in real output per capita