Тема 3 The changes in the Russian economy

I. Ответьте на вопросы, выполните задания и составьте высказывание по теме.

1. What are the changes in the Russian economy in recent years?

2. Has everyone benefited from the changes? Think about who is better off and who is poorer. What groups are the winners and losers?

3. What caused such a change of fortunes?

4. The Russian government of the early 1990s used a shock therapy approach. What kind of policies did they introduce?

5. Do you have any idea what was GDP in 1991, from 1999 until 2006 ? (over $350 billion, $220 billion,$740 billion).

6. Russia is the second largest oil producer in the world. It also produces huge amounts of natural gas. How many other oil or gas producing nations can you name?

7. How have the economic changes in Russia affected you and your family?

8. Do you think life in Russia is better or worse than it was five years ago?

9. Are you optimistic about the future?

Make a plan for the economy.

Your goal is to achieve steady growth, full employment and low inflation in five years from now! Your plan should include the following.

-»fiscal and monetary policy

-» education policy

-» social policy - health care, pensions and transfer payments

-» industrial policy - for example, what industries you will promote

-» foreign trade policy

-» environmental policy - how you will avoid negative externalities

Тема 4 Экономические ресурсы. Эеономическая независимость.

I. Ответьте на вопросы, выполните задания и составьте высказывание по теме

Name the factors of production

Define the factors you know

What does the term "national wealth" mean?

What is called national income?

Which factors of production do you know?

What does the modern theory of wages state?

What conditions does the supply of labour depend on?

Why is the supply of labour in skilled professions limited?

How should the wages be paid?

How docs price depend on the wages?

When docs unemployment occur?

How is the output connected with employment?

II Fill in the gaps with the words and expressions given below.

production, interest, investment, factors of production, unemployment, national income

1. At that time, total spending declines as income falls and___________rises.

2. This was because fewer people borrowed money from banks, thus

denying them the opportunity to earn________on loans.

3. They tell us whether the economy is working at full capacity

using all resources of labour, machinery and other________or

whether these resouces are being under-utilized.

4. In each case, we look at four measures of government spending

as a percentage of_______.

5. They also decide its total income and its total level of__________

of goods and services.

6. ________is expenditure on productive capital goods.

III. Соотнесите слова в левой колонке с их определениями и переведите на русский язык, выучите определения на английском языке.

1) capital a) to make or to produce large quantities of goods to be

sold, using machinery

2) circulating b) a thing, such a car, bus, etc, that is used for carrying

people or things from one place to anothercapital

3) tomanufacture c) someone whose work needs strength rather than skill,

especially someone who works outdoor

4) vehicle d) the money, stock of goods etc, that arc used to run a

business, pay employees and produce and sell more goods

5) fuel e) stock of equipment, inventory, and other resources of

production useful for more than one year

6) labourer f) a substance such as coal, gas or oil, that can be burned

toproduce heat or energy