- •English for future economists
- •N.A. Shpak
- •O.L. Shevchenko
- •Передмова
- •I. Practise the pronunciation of the following words.
- •II. Before you read answer the following questions.
- •III. Read and memorize the following words and word —combinations.
- •IV. Text а
- •V. Give the English equivalents of the following.
- •VI. Fill in the gaps with the words and expressions from the text a.
- •VII. Find pairs of words as they occur in the text.
- •VIII. Answer the following questions.
- •IX. Match the following terms with their definitions.
- •X. Fill in the gaps with the words from the list.
- •XI. Translate into English.
- •XII. Match the equivalents before reading.
- •XIII. Text b
- •XIV. Find in the text.
- •XV. Find the words in the text that mean.
- •XVI. Translate the following into Ukrainian.
- •XVII. Text c
- •XVIII. Answer the following questions.
- •XX. Add an appropriate preposition to each of the following sentences where indicated.
- •XXI. Study the following words and word-combinations. What are their Ukrainian equivalents?
- •XXII. Translate the following sentences into Ukrainian.
- •XXIII. Study the following words and word combinations. Make your own sentences to describe different trends of economic development.
- •Increase, raise, put up, step up, extend, expand, rise, grow, soar, boom;
- •II. Before you read answer the following questions.
- •III. Read and memorize the words and word — combinations.
- •IV. Text а Traditional Economy
- •V. Find English equivalents.
- •VI. Find the synonyms among the following words.
- •VII. Find the antonyms.
- •VIII. Complete the sentences:
- •IX. Describe the traditional economy.
- •X. Text в Command Economy
- •XI. Translate the following words and word-combinations:
- •XII. Find the equivalents in the text.
- •XIII. Read and translate the definitions.
- •XIV. Complete the sentences:
- •XV. Describe the command economy.
- •XVI. Text c Market Economy
- •XVII. Find the equivalents in the text:
- •XVIII. Complete the following sentences:
- •XIX. Fill in the gaps with the given words.
- •XX. Describe the market economy.
- •XXI. Text d
- •XXIV. Put questions to the sentences of the exercise XXIII.
- •XXV. Answer the questions.
- •I. Practise the pronunciation of the following words.
- •V. Answer the following questions.
- •VI. Give English equivalents for the following Ukrainian words and word-
- •VII. Match the term from the left-hand column with its definition from
- •VIII. What kind of industry do you work in?
- •IX. A) What kind of service do you render?
- •X. Choose one or more of the following products and describe (in as much
- •XI. Read a magazine article about James Dyson's product and complete it with suitable words from the box.
- •XII. Read the sentences and supply the missing vowels for each adjective.
- •XIII. Complete the text with the best word. The life cycle of a product
- •XIV. Listen to a sales manager presenting a product to some buyer. Which of
- •XV. Presenting a product. Complete the text with words from the box.
- •XVI. Look at these advertisements. Correct any mistakes in the order of the adjectives.
- •Items for sale
- •XVII. Translate into English.
- •XVIII. Text в Factors of production
- •XIX. Answer the following questions.
- •XX. Join the halves.
- •XXI. Read the following sentences and say if they are true or false.
- •Unit IV
- •I. Practise the pronunciation of the following words.
- •II. Before reading the text answer the following questions.
- •III. Read and memorize the following words and word- combinations.
- •IV. Text а Demand
- •V. Match the terms on the left with their Ukrainian equivalents on the right.
- •VI. Answer the following questions.
- •VII. Make up your own 5 sentences using word combinations from Ex.VI
- •IX. Choose the correct answer.
- •X. Translate into English.
- •XI. Text в Supply and market price
- •XII. Answer the following questions.
- •XIII. Re-read the text to find out which of the following statements are correct.
- •XIV. Match the following English word combinations with their Ukrainian
- •XV. Choose the correct answer.
- •2. When university students leave for the summer holiday, the demand for meals at the local cafe declines. This results in:
- •4. A shift of supply is defined as a change in the:
- •XVI. Text c Why prices are important in a market economy
- •XVII. Match the synonyms.
- •XVIII. Find Ukrainian equivalents for the following phrases.
- •XIX. Act as an interpreter for a. And b.
- •IV. Text a
- •VI. Find in the text the English equivalents of the following.
- •VII. Fill the gaps with the words from the list.
- •Inefficient and frustrating, commodities, inventions, money, coincidence, shapes and sizes, overcome, precious metals.
- •VIII. Match the following words with their definitions.
- •IX. Answer the following questions.
- •X. Read and memorize the words and word-combinations.
- •XI. Text b
- •XII. Match the equivalents of the following words.
- •XIII. Find the English equivalents of the following.
- •XIV. Complete the sentences.
- •XV. Answer the following questions.
- •XVI. Read and memorize the following words.
- •XVII. Text c
- •XVIII. Match the equivalents of the following words.
- •XIX. Find the word with opposite meaning.
- •XX. Match the synonym.
- •XXI. Put the words in correct order and make the sentences.
- •XXII. Complete the sentences with the words from the list.
- •XXIII. Choose the correct alternative to complete the sentences:
- •I. Practise the pronunciation of the following words.
- •II. Before reading the text answer the following questions.
- •III. Read and memorize the words and word-combinations.
- •IV. Text a
- •VI. Match the equivalents of the following words.
- •VII. Fill the gaps with the words from the list.
- •VIII. Answer the following questions.
- •IX. Read and memorize the words and word-combinations.
- •XI. Text b
- •Investment Banks
- •XI. Translate the words and word-combinations according to the text.
- •XII. Match the equivalents of the following words.
- •XIII. Match the synonyms.
- •XIV. Complete the sentences.
- •XV. Answer the following questions.
- •XVI. Read, translate and memorize the following statements.
- •Unit VII
- •IV. Answer the following questions.
- •V. Give English equivalents for the following Ukrainian words and word-combinations.
- •VI. Find equivalents.
- •VII. Complete the sentences with words from the box.
- •VIII. Translate into English.
- •IX. Practise the pronunciation of the following words.
- •X. Before you read the text answer the following questions.
- •XI. Read and memorize the words and word-combinations.
- •XII. Text b What is accounting
- •XIII. Answer the questions on the text above.
- •XV. Match the following terms with their definitions.
- •XVI. Fill the blanks with proper prepositions or adverbs if necessary.
- •XVII. Write derivatives of the following verbs.
- •XVIII. Act as an interpreter for s. And a.
- •XIX. Translate into English.
- •XX. Before reading and translating the text memorize the following words and
- •XXI. Text c The work of accountants
- •XXII. Find the equivalents.
- •XXIII. Fill in the blanks from the words below. Translate the sentences into Ukrainian.
- •XXIV. Text d What is auditing
- •I. Practise the pronunciation of the following words.
- •II. Before you read answer the following questions:
- •III. Read and memorize the words and word —combinations:
- •IV. Text а Management and Managers
- •VI. Match the word — combinations with their translations.
- •VII. Fill in the gaps according to the text principals.
- •VIII. Read and translate the following statements.
- •IX. Answer the following questions.
- •X. Translate into English.
- •XI. Make your own plan of the text.
- •XII. Text в Kinds of Managers
- •XIII. Complete the sentences according to the text.
- •XIV. Match the following terms with their definitions.
- •XV. Put the words in order and make the sentences.
- •XVI. Answer the following questions:
- •XVII. Text c Management Skills
- •XVIII. Translate the following words and word-combinations.
- •XX. Complete the following sentences according to the text.
- •XXI. Translate into English.
- •Unit IX
- •I. Practise the pronunciation of the following words.
- •II. Before you read answer the following questions.
- •III. Read and memorize the following words and word- combinations.
- •IV. Text а What is marketing
- •V. Give the English equivalents of the following.
- •VI. Match the following terms their definitions.
- •VII. Answer the following questions.
- •VIII. Use the following phrases to complete the conversation.
- •IX. Translate into English.
- •X. Text в Universal marketing functions
- •XI. Tick t (true) or f (false) sentences.
- •XII. Work out the table to show basic marketing functions.
- •XIII. Fill in the gaps with words from the list.
- •XIV. Find words in the text above which go with these definitions.
- •XV. Translate into Ukrainian in written form. Production Life Cycle
- •Can you give any example illustrating four stages of product life?
- •XVI. Text c
- •XVII. Answer the following questions.
- •XVIII . Explain, in your own words, the following terms.
- •XX. Think of the nouns that are commonly used with the following verbs.
- •XXI. Logically organize the following sentences to make up the text. The first sentence is given to you.
- •I. Practise the pronunciation of the following words.
- •II. Before you read the text answer the questions.
- •III. Read and memorize the words and word combinations.
- •IV. Text а Advertising
- •V. Read the statements and decide if they are true or false or if the statement gives information that is not provided in the text.
- •VI. Look at the words in the box below. Label each item: 1 - for advertising media, 2 - for method of advertising , 3- for verbs to do with advertising:
- •VII. Choose the most suitable word from the words in brackets to complete these sentences:
- •IX. Read, translate and learn by heart 10 phrases very often used in the
- •X. Read some catchphrases from advertising and identify which of the
- •XI. Translate into English.
- •XII. Complete the following sentences.
- •XII. Text b Consumer behaviour from the advertising perspective
- •XIII. Answer the following questions.
- •XIV. Study the following word-combinations. What are their Ukrainian equivalents?
- •XV. Translate the sentences into Ukrainian.
- •XVI. Text c Public relations
- •XVII. Read the following passage attentively. Fill in the gaps with the words:
- •XVIII. The key-words of the following text are the derivatives to the word
- •XIX. Make up the sentences. The first word of each sentence is given to you.
- •XX. Translate into Ukrainian in written form.
- •Part two
- •Texts for supplementary reading
- •The Field of International Business
- •Types of International Business
- •International Managers
- •Text 4 recruiting
- •Text 5 employee motivation
- •Text 6 case analysis
- •Text 7 problem solving
- •Text 8 meetings
- •During the meeting:
- •Text 10
- •International marketing
- •Text 11 cultural environment
- •Alternatives for international operations
- •Text 13 designing an international marketing program
- •Text 15 bretton woods
- •Text 16 how does a swiss bank account work?
- •Text 17 career opportunities in banking
- •Text 18
- •The role of banks in theory
- •Text 19
- •Text 20 Money Laundering
- •Types of loans made by banks
- •Text 22 careers in finance
- •Part three
- •I. Present Simple or Present Continuous
- •1. Choose the correct form of the verb.
- •II. Present Perfect
- •1. Put the verbs in brackets into Present Perfect.
- •3. Choose the correct form of the verb.
- •III. Present Perfect or Past Simple
- •1. Choose the correct form of the verb.
- •IV. Past Perfect
- •1. Make questions and negative sentences.
- •2 . Make sentences into Past Perfect using the following words.
- •3. Put the verbs in brackets into Past Perfect or Past Indefinite.
- •4. Link parts of the sentence using the words in brackets.
- •5. Put the verbs in brackets into Past Simple, Present Perfect or Past Perfect.
- •V. Future Perfect
- •VII. Past Perfect Continuous
- •1. Put the verbs in brackets into Past Perfect or Past Perfect Continuous.
- •2. Put the verbs in brackets into Present Perfect, Past Perfect, Present Perfect Continuous or Past Perfect Continuous.
- •VIII. Future Perfect Continuous
- •1. Put the verbs in brackets into Future Continuous or Future Perfect Continuous.
- •2. Put the verbs in brackets into Future Perfect or Future Perfect Continuous.
- •IX. Modal Verbs
- •1. Match halves of sentences using can.
- •If you you can
- •2. Put the words in order to make questions.
- •3. Make sentences with may or might using words in brackets.
- •4. Make questions using may, can or could.
- •5. Complete the sentences using must or have to (has to, had to, will have to).
- •6. Using have to, don’t have to, must not complete the sentences which are true
- •А) for your work:
- •Б) for your country:
- •7. Give recommendations or advice using should, shouldn’t or ought to with
- •8. Complete the sentences with appropriate modals.
- •1. Link together the halves and make sentences using Present Participle.
- •2. Rewrite the sentence using Past Participle.
- •3. Choose the appropriate form of the Participle.
- •XI. Gerund
- •1. Use Gerund with an appropriate proposition instead of the verb into brackets.
- •2. Fill the gaps with an appropriate form of the verb.
- •XII. Infinitive
- •2. Put the sentences into Present Perfect.
- •3. Rewrite the sentences using Objective Infinitive Complex.
- •4. Rewrite the sentences using Subjective Infinitive Complex.
- •XIII. Conditionals
- •1. Match the sentence halves 1-8 and a-h using Conditionals.
- •2. Make the sentence using Conditional I (What will you do?).
- •3. Imagine future situation using Conditional II (What would happen).
- •4. Put the verbs in the brackets into correct form using Conditional II.
- •5. Put the verbs in the brackets into correct form using Conditional III.
- •6. Choose the correct form of the verb.
- •XIV. Passive Voice
- •1. Link together appropriate parts of the sentence.
- •3. Put the verbs in brackets into the Simple or Continuous Passive.
- •4. Put the verbs in brackets into the Perfect Passive.
- •5. Rewrite these sentences in Passive.
- •XV. Reported Speech
- •1. Write the reported sentences.
- •2. Make the sentences using the following words.
- •3. Complete the reported sentences.
- •4. Make the reported questions.
- •5. Choose the correct form the verb.
- •Level а2
- •Test 1
- •Test 2
- •Test 4
- •Test 5
- •Test 6
- •Test 7
- •Test 8
- •Test 10
- •Test 11
- •Test 12
- •Test 13
- •Test 14
- •Test 15
- •Test 16
- •Test 17
- •Test 18
- •Test 19
- •Test 20
- •Part four
- •Successful writing
- •Techniques to begin your story
- •Techniques to end your story
- •Useful Vocabulary
- •English for future economists
X. Fill in the gaps with the words from the list.
economics, economy, economists, economic, economical, to economize.
1. Our firm will try , to get the most from what we have.
2. The development of modern began in the 17th century.
3. systems may be classified as traditional, command, or market systems.
4. Since that time have developed methods for studying and explaining how individuals, business and nations use their available resources.
Macroeconomics is the study of the________as a whole.
6. We are establishing a new_______ technology.
XI. Translate into English.
1. Інфляція — це процес підвищення середнього рівня цін в економіці.
2. Безробіття є макроекономічною проблемою.
3. У процесі економічного розвитку країн відбуваються періодичні спади та підйоми .
Економічна теорія досліджує поведінку людей у процесі виробництва, обміну, розподілу і споживання матеріальних благ та послуг в умовах обмежених ресурсів.
Під економічним зростанням розуміють збільшення реального доходу, випуску продукції в економіці.
6. Макроекономіка — розділ економічної теорії, який вивчає економіку як єдине ціле.
7. Нормативна макроекономіка — це сукупність уявлень стосовно того, якою має стати економіка. Позитивна макроекономіка прагне дати відповіді на запитання, якою є макроекономічна ситуація в країні.
Ми не зможемо виготовляти все, що ми бажаємо, оскільки ресурси завжди обмежені.
Чинники виробництва — це земля, трудові ресурси та основний капітал.
10. Модель кругообігу описує потік ресурсів, товарів і послуг, якими обмінюються домогосподарства і фірми.
XII. Match the equivalents before reading.
to earn a living а. виживання
required subject b. ресурси які не відновлюються
simplified с. заробляти на життя
don't mind d. не заперечувати
to put in a financial bind e. приймати рішення
by some stroke of magic f. приділяти час
human nature being g. необхідна дисципліна
to make decisions h. бути змушеним
9.to draw attention to і. задовольняти бажання
nonrenewable resources j. споживати більше ніж
exhausted k. усвідомлювати
to satisfy wants l. переключити увагу
to be forced m. виснажений
to be aware n. помахом чарівної палички
to devote time о. людська натура
wants and needs p. виробнича потужність
to consume beyond... q. бути готовим та спроможним
productive capacity r. спрощений
to be willing and able s. бажання та потреби
20. survival t. привести до фінансової скрути
XIII. Text b
The basic economic problem
In studying economics, as in any other activity, we like to have some reason for exerting effort. We attend the theatre or go to a ball game because it is enjoyable. We attend school to learn or to make it possible to have a job and earn a living. But why study economics? There may be a few people who would be willing to study economics purely for the enjoyment it brings. For most, however, learning economics is not 100 percent entertainment. We study economics because it is a required subject. Why is it required? The answer can be simplified to a single word- scarcity. Scarcity exists because people's wants and needs are greater than the resources to satisfy them. Thus people must choose how best to use their available resources to satisfy the greatest number of wants and needs.
Economists classify as needs those goods or services that are necessary for survival. Food, clothing, and shelter are basic needs. Wants are those goods or services that people consume beyond what is needed for survival. When people as the consumers are willing and able to buy desired things they present demand at the market.
At first you may find this hard to believe that human wants are unlimited. But if you spend a few minutes to write a list of the goods or services that you wouldn't mind having, you will understand that their purchase would put a millionaire in a financial bind. Of course, there is some level of income or standard of living where one would be completely satisfied. Suppose by some stroke of magic that you got all the items on your list. Would you be completely satisfied? Probably not — human nature being is what, we always seem to be a little dissatisfied with what we have. A new compact car may satisfy for a time, but we give admiring glances to a Mercedes or a BMW.
It is less difficult to understand the scarcity of resources at our disposal. In recent years, attention has been drawn to the day when our nonrenewable natural resources, especially fuels, will be exhausted. It is important to realize that most resources, including land, labour, and capital are limited. The result is a limit to a country's productive capacity.
Since human wants are greater than the resources to satisfy these wants, people must decide what they will produce and what they forgo. In other words, we are forced to make economic decisions. We must make these decisions (or, if you wish, economize) from the time we are aware of the world around us. But not all economic decisions involve money. The best example of a non- monetary economic decision is how we allocate our time. The student must decide if he or she will spend the evening studying mathematics or economics, or whether to devote time to study or leisure.
More traditional types of economic decisions involve activities of households and firms. For the households economic decisions must be made on how much money goes to housing, food, clothing, entertainment, transportation, and so forth. For the firms they must decide what items should produce. Should they produce a large number and sell at a low price or produce less and sell at a high price.