- •The Demand Curve
- •0 D Vocabulary
- •If Keadinci z
- •1000 2000 3000 4000 5000 6000 7000 8000 9000 10000 Production units (e.G. Pens)
- •1000 2000 3000 4000 5000 6000 7000 8000 9000 10000 Production units (e.G. Pens)
- •I a monopoly I an oligopoly
- •I a monopsony I imperfect competition
- •Innovation legal naturally
- •0 H Writing
- •0 E Comprehension
- •Quantity bought and told
- •Valuable invest
- •9 С Listening 4)))
- •1 The earliest kind of money was
- •68 M » r m * * Gui4| t f- f ' лллп1м и a» t 13
- •Figure 1: Demand and Supply in the money market
- •78Macmillan Guide to Economics Unit is
- •I reserve Шselling в shortages (x2)
- •Unemployment inGermany and the usa 1995-2005
- •Informal letter
- •Imports
- •Introduction
Demand
for moneyFigure 1: Demand and Supply in the money market
78Macmillan Guide to Economics Unit is
В Comprehension
Now read the text again and decide whether these statements are true or false.
When the government sets interest rates, commercial banks must set
Before you read 13
What does economics study? 17
What are 18
microeconomics and macroeconomics ? 18
Before you listen 20
Before you read 22
History of economic thought 23
Before you listen 26
Before you read 27
Econometrics 28
Before you listen 29
Before you read 33
The law of demand 34
Before you listen 35
Unit 40
Before you read 40
The traditional economy 40
Before you listen 41
Before you read 43
The market economy 43
Before you listen 44
The planned economy 46
Before you listen 51
Before you read 56
Before you listen 59
Revision Vocabulary Units 1 to 4 61
Before you read 63
Consumer choices 65
Before you listen 75
Before you read 77
Costs and supply 77
Before you listen 78
Unit 80
Before you read 80
Market structure and competition 80
Before you listen 81
Before you read 82
Monopolies 82
Unit 87
Before you read 87
The labour market 87
Before you listen 88
Before you read 89
Supply of labour 89
Before you listen 91
44Unit 93
45Before you read 93
70Factors of production 93
85Before you listen 95
Before you read 99
Division of labour 100
Before you listen 101
Revision Vocabulary Units 5 to 8 104
Before you read 104
Surplus 105
Before you listen 106
Before you read 111
Price discrimination 111
Before you listen 112
Welfare economics 114
Before you listen 117
Before you read 118
Government revenue and spending 118
Before you listen 119
Before you read 121
Wealth, income and inequality 122
Before you listen 124
Before you read 125
Poverty 126
Before you listen 130
Macroeconomics 133
Before you listen 134
Before you read 135
ф D Vocabulary 135
Aggregate demand and aggregate supply 135
BP E Comprehension 137
Before you listen 137
0 F Listening *))) 137
ff G Speaking 138
Task 138
Revision Vocabulary Units 9 to 12 140
Unit 141
Before you read 141
Money 141
^ В Comprehension 142
Before you listen 142
В с Listening Ц))) 142
Before you read 142
0 D Vocabulary 143
Banks 148
В E Comprehension 149
Before you listen 149
F Listening Ц))) 149
G Speaking 150
Unit 151
Before you read 151
ff A Vocabulary 151
Fiscal policy 151
P В Comprehension 152
Before you listen 152
С Listening 4))) 152
Before you read 153
0 D Vocabulary 153
Monetary policy 153
Before you listen 156
rehension 156
Before you read 159
A Vocabulary 159
Interest rates and the money market 159
В Comprehension 160
С Listening H))) 165
Before you read 166
fiJ D Vocabulary 166
Economic shocks 166
Before you listen 169
G Speaking 170
Before you read 171
fif A Vocabulary 171
Inflation 171
Before you listen 173
Before you read 175
ff D Vocabulary 175
Unemployment 175
Before you listen 176
F Listening H))) 176
E Comprehension 176
G Speaking 176
9 H Writing 177
Revision Vocabulary Units 13 to 16 178
Unit 179
Before you read 179
Economic growth 180
9 В Comprehension 182
Before you listen 182
ff С Listening Ц))) 183
Before you read 183
ff D Vocabulary 183
The business cycle 184
fi? E Comprehension 185
Before you listen 185
F Listening И))) 186
H Writing 186
Before you read 187
f A Vocabulary 187
The open economy 187
? В Comprehension 188
Before you listen 189
С Listening 4))) 190
Before you read 190
BP D Vocabulary 190
Exchange rates 191
0 E Comprehension 193
Before you listen 193
F Listening H))) 194
G Speaking 195
Task 195
Before you read 196
A Vocabulary 196
Exchange rate mechanisms 196
й В Comprehension 197
Before you listen 197
0 С Listening 4))) 197
Before you read 198
9 D Vocabulary 198
International trade 198
Before you listen 199
В F Listening 4))) 199
G Speaking 200
Task 200
Unit 201
Before you read 201
В A Vocabulary 201
Less developed countries 202
в В Comprehension 203
Before you listen 203
0 С Listening *))) 203
Before you read 203
В D Vocabulary 203
The Russian economy in the 19th century 204
fij E Comprehension 205
Before you listen 205
F Listening 4))) 205
Task 207
H Writing 207
A Vocabulary 207
в? В Comprehension 209
Before you listen 209
0 С Listening 4))) 209
Before you read 209
ff D Vocabulary 209
Russia's foreign trade 210
9 E Comprehension 211
Before you listen 211
Revision Vocabulary Units 17 to 21 213
At the end of each day banks usually have less money than
they need. T □ / F □
Before you listen
Discuss the following with your partner.
Read the summary which explains what open market operations are. Try to complete the gaps with words from the box.
Л
■ borrow ■ decreases ■ lend