1 Курс 2 семестр

1. What is capital?

2. Which factor: labour or capital is more used in modern economies?

3. Surplus can’t be considered a measure of how happy and well off people are.

Do you agree with this statement?

4. What pricing tricks do companies use to increase profits?

5. What is welfare economics about?

6. How do you understand “The labour supply is inelastic”?

7. Which factor of production is considered the most basic one?

8. What do we call “ human capital”?

9. What is more important: the quality of labour or its quantity?

10.What is price in a free market decided by?

11. What is the substitution effect?

12. Earning a good wage allows you to spend less time working, doesn’t it?

13. What is “ value added tax”?

14. What is market price?

15. What things cause a change in demand for labour?

16. In what situations do you think a worker can ask for a lot of money?

17.Why does producer surplus exist?

18. Can you think of any economic transactions that could have positive externalities?

19. What are welfare economists interested in?

20.What do companies want from their purchase of labour? What utility do they get?

21.What kind of industry is called a “labour intensive industry”?

22. Why do some economists think equity is not important?

23. Did early societies have any forms of labour specification?

24. What is “the labour market”?

25. What is welfare economics and why is it important?

26. Why does the productivity of a worker fall?

27. What laws does the labour market obey?

28. Name four factors of production.

29. How many types of price discrimination do you know?

30. Are some people better suited to some jobs than others?

2 Курс 1 семестр

1. What sectors of production are necessary?

2. What is price discrimination and why do producers use it?

3. Name types/degrees of price discrimination.

4. What motivates people to work?

5. Do economies really need entrepreneurs?

6. What is consumer and producer surplus?

7. Do people only work for money? What other motivation is there to work?

8. What do you think your government spends money on?

9.What are the advantages and disadvantages of the division of labour?

10.Why do some people get paid more than others for doing the same job?

11. Would you ever buy something at an auction or on the Internet?

12. What are externalities?

13. Are there any advantages of the division of labour?

14. What is “the aggregate producer surplus”?

15. Why are some jobs paid better than others?

16. Is price discrimination fair?

17. What makes workers more or less productive?

18. Do you think consumer surplus is a good measure of welfare?

19. What is the difference between horizontal and vertical equity?

20. In what situations can an employer pay less money to workers?

21. What affects the supply of labour?

22. What does price discrimination mean?

23. How do governments try to make the economy fair?

24. In your opinion, what is more important for an economic system- equity or efficiency?

25. What affects demand for labour?

26. How is the labour market just like any other market?

27. Do you think some division of labour is natural?

28. When you are shopping, how do you know if something is at a good price, or if something is too expensive?

29. Welfare economics has been called economics with a heart. What does this tell you about welfare economics?