- •Economic systems
- •Match the terms with their definitions.
- •Choose three terms and describe their meaning in everyday life in small
- •Before you read Text a scan it and find three sentences that convey the main ideas. Text a Types of Economic Systems. Traditional and Command Economies.
- •Vocabulary prectice
- •A) Find in the text English equivalents for the following word combinations. Write your own sentences using them.
- •Give Ukrainian equivalents for the following word combinations.
- •Make up and play out a dialogue with another student using the
- •The italicized words in the sentences below are found in this unit. Study the sentences. Then identify the part of the speech and write your own definition for the words on the line provided.
- •In each set of words, cross out the words that does not have a similar meaning to the first. Compare your answer with another student. Discuss why the words are similar.
- •Fill in the missing words in the sentences below. Choose from the box. Translate the sentences into Ukrainian.
- •Write one word in each gap to complete the sentences.
- •Prepare a summary to Text a.
- •Read the text. Number the following words with their underlined equivalents in the text.
- •McDonald’s and Hindu Culture
- •Translate into English:
- •Read the following text. For each gap, choose the best words a, b, c, or d.
- •You are going to read the text about “a traditional economy”. . A) Brainstorm words connected with “ economy”
- •A traditional economy
- •Scan the text. Title it and prepare a brief summary of the text.
- •Before you read Text b scan it and find three sentences that convey the main ideas. Text b a Market Economy
- •Vocabulary prectice
- •A) Find in the text English equivalents for the following word combinations.
- •Answer the following questions:
- •Fill in the missing words in the sentences below. Choose from the box. Translate the sentences into Ukrainian.
- •Translate into English:
- •Make up a question plan to the text. A mixed economy
- •Which of these statements gives the best summary of the ideas in the text?
- •Mark these statements t (true) or f (false) according to the information in the text. Find the part of the text that gives the correct information.
- •Economic and Social Goals
- •2. Read the text “Economic and social goals” and answer the following questions:
- •Read the text and make a question plan to it. Write a summary to
- •Complete a graphic organizer like the one below to identify the five characteristics of a free enterprise economy. Then provide an example of each.
- •Stolen Profits
- •Worldwide Problem
- •Hot Growth at Claire’s
- •The owner of a successful business empire
- •The Role of the Consumer
- •Принципи ринкової економіки
- •Answer the following questions.
- •Assignments for discussion.
- •Comparing Economic Systems
- •Use a graphic organizer like the one below to describe how economic systems answer the basic economic questions.
- •V. Role-play
- •1. Listen to Michael Kitson talking about the role of government.
- •2. Fill in the gaps.
- •3. Listen again and answer the questions.
- •Complete the words below to match the following meaning
Vocabulary prectice
A) Find in the text English equivalents for the following word combinations. Write your own sentences using them.
b) Choose three word combinations and explain their meaning with your
own words.
Розміщення товарів та послуг, використання дефіцитних ресурсів, економічний застій, виробничі ресурси, комунальні послуги, приймати допомогу, виконувати роботу на фабриці, порушувати правила, надавати людям стимул, розхолоджувати нові ідеї, відсутність прогресу, змінити напрям різко, низький рівень життя, зруйнуватися повністю, приймати основні рішення.
II.
Give Ukrainian equivalents for the following word combinations.
Make up and play out a dialogue with another student using the
English word combinations.
Drawback of a traditional economy, to rely on a central authority, to limit private property rights, rural agricultural society, growth of heavy industry, to deal with minor day-to-day problems, government officials, to ignore the basic wants and needs of consumers, generations of people, to live within the government’s restrictions, to do without consumer goods, to give people the incentive, the main strength of, to require a large decision-making bureaucracy, the cost of production, to put a strong emphasis on defense, the decisions made by central planners.
Answer the following questions: 1. What are the major kinds of economic systems?
2. What is a traditional economy?
3. What is the role of individual in a traditional economy?
4. What is the main advantage of a traditional economy?
5. What is the main drawback of a traditional economy?
6. What does a command economy rely on?
7. Who makes the major economic decisions in a command economy?
8. What advantages of a command economy do you know?
9. What are the disadvantages of a command economy?
10. Who owns the major means of production in a command economy?
The italicized words in the sentences below are found in this unit. Study the sentences. Then identify the part of the speech and write your own definition for the words on the line provided.
EXAMPLE
One million dollars was allocated for unprofitable firm.
allocate (V) allot
There is fierce competition for the scarce resources.
scarce ( )____________
The guide offers information on local customs.
custom ( )___________
The factory produces an incredible 100 cars per hour.
produce ( )___________
Britain is now a multi-national society.
society ( ) ____________
Things can turn out quite differently.
differently ( )__________
Property prices have shot up recently.
property ( ) ___________
The meeting was productive of several good ideas.
productive ( )____________
The company expects to complete the work in April.
expect ( ) _______________
The company played a central role in the negotiations.
central ( ) ______________
Debt collection is a huge growth industry.
growth ( ) _____________
There is private ownership of property in a market economy.
private ( ) ______________
This firm offers a wider choice of goods for the consumers.
consumer ( ) _____________
We had trouble finding a pure water supply.
pure ( ) ________________
Employees expect flexibility in the workplace.
flexibility ( ) _____________
Employers are more likely to look with favor on experienced candidates.
favor ( ) _____________