- •Донецький національний університет економіки і торгівлі імені Михайла Туган-Барановського
- •Economics Today
- •Content
- •Texts for Individual Reading
- •Передмова
- •Unit 1. What does economics study?
- •Vocabulary.
- •What does economics study?
- •Money price human wants scarcity
- •What does economics study?
- •Pronouns
- •Unit 2. Different Economic systems.
- •Vocabulary.
- •Different economic systems
- •Outstanding economists.
- •Unit 3. Economics as a social science.
- •Vocabulary.
- •Try to explain the above mentioned economic notions as you understand them, by your own words.
- •Economics as a social science.
- •Economics as a social science
- •Outstanding economists
- •Unit 4. Economics as a policy.
- •Vocabulary.
- •Economics as policy.
- •Economics and policy
- •Outstanding economists.
- •Unit 5. Main economic concepts.
- •Vocabulary.
- •Main economic concepts.
- •Outstanding economists.
- •2. Define:
- •Unit 6. Market, Supply and Demand.
- •Vocabulary.
- •Market, supply and demand
- •What money can’t buy
- •Outstanding economists.
- •Unit 7. Prices and their formation.
- •Vocabulary.
- •Price and its formation.
- •Past Tenses
- •When prices draw us.
- •Outstanding Economists.
- •2. Value:
- •Unit 8. Taxes and Taxation.
- •Vocabulary.
- •Taxes and taxation
- •Past Tenses Past Perfect Simple
- •Past Perfect Continuous
- •Will Germany Start Tax Reform?
- •Crackdown on “alcohol disorder zones”
- •Outstanding economists.
- •Sources of government revenue
- •Public spending
- •Unit 9. Business organization.
- •Vocabulary.
- •Forms of business ownership in the u.S.A.
- •The Formal Organization.
- •Up and Down of People Express
- •Burr’s Business
- •3. Necessity:
- •Unit 10.
- •Forms of business small business
- •I. Can you stick with it?
- •How to make business plan.
- •The Passive Voice
- •Unit 11. Franchising.
- •Vocabulary.
- •Franchising.
- •Evaluate your franchise opportunities.
- •Mc’Donald’s : burger and fries a la français.
- •Invest:
- •5. Tax:
- •Unit 12.
- •International Trade.
- •International trade.
- •How to avoid business blunders abroad.
- •Vocabulary to Text 2.
- •Advertising.
- •Vocabulary:
- •Answer the questions:
- •Economic theories.
- •Vocabulary:
- •Answer the questions:
- •Main economic concepts.
- •Vocabulary:
- •Answer the questions:
- •Management.
- •Vocabulary:
- •Answer the questions:
- •Marketing.
- •Vocabulary:
- •Answer the questions:
- •Types of economic systems.
- •Vocabulary:
- •Vocabulary:
- •Practical Tasks:
- •Text 2. Classical Theories.
- •Vocabulary:
- •Practical Tasks:
- •Text 3. The Meaning of Management.
- •Vocabulary:
- •Practical Tasks:
- •What is you understanding of management?
- •Vocabulary:
- •Practical Tasks:
- •Text 5. Management Activities.
- •Vocabulary:
- •Practical Tasks:
- •Text 6. Classical Theories.
- •Vocabulary:
- •Practical Tasks:
- •Text 7. Fayol's Principles of Management.
- •Vocabulary:
- •Practical Tasks:
- •Text 8. F.W.Taylor and Scientific Management.
- •Vocabulary:
- •Practical Tasks:
- •Text 9. The Principles of Scientific Management.
- •Vocabulary:
- •Practical Tasks:
- •Text 10. Scientific Management after Taylor.
- •Vocabulary:
- •Practical Tasks:
- •Text 1. Comments on the Scientific Management School.
- •Text 2. L.F.Urwick.
- •Text 3. E.F.L.Brech.
- •Text 4. Max Weber and the Idea of Bureaucracy.
- •Text 5. Bureaucracy.
- •Text 6. Bureaucracy after Weber.
- •Questions for Discussions to texts 1-6.
- •Nobel prize winners.
- •1975: Nobel Prizes.
- •Money in our everyday life quotations. Attitudes to money.
- •Giving away money.
- •Money and everyday life.
- •Money and the family.
- •Money at work.
- •Money madness.
- •Possessions.
- •The economic model.
- •The psychology of money.
- •The very rich.
- •Young people, socialisation and money.
- •Poetry.
- •I have some fe a rainy day underneath me bed,
- •Is dis culture yours, cause it is not mine
- •It could do good but it does more bad
- •The coin speaks.
- •The hardship of accounting.
- •The millionaire.
- •Keys unit 1.
- •Comprehension check.
- •Unit 2.
- •Comprehension check.
- •Unit 3.
- •Comprehension check.
- •Unit 4.
- •Comprehension check.
- •Unit 5.
- •Comprehension check.
- •Unit 6.
- •Comprehension check.
- •Unit 7.
- •Train and check yourself
- •Unit 8.
- •Unit 9.
- •Comprehension check.
- •Fill in the chart
- •Unit 10.
- •Unit 11.
- •Comprehension check.
- •Unit 12.
- •Keys to the texts for individual reading
- •Economics Today
Outstanding economists
VI. Each sentence has a mistake. Find and correct it.
1. Buchanan James M. is born in Tennessee in 1919. 2. She attended Middle Tennessee State Teacher’s College. 3. He lived in home and milked cows to pay for fees and books. 4. He graduate school in 1941 and University of Chicago in 1948. 5. It taught economics in the Universities of the U.S.A. from 1948 to1983. 6. The centre for Study Public Choice at George Mason University in Fairfax are renamed the James M. Buchanan Centre for Political Economy. 7. She got 1986 Nobel Prize in economics. 8. Her work developed the theory of public choice, the application of economic methods and analysis of the political process.
VII. Work in pairs. Ask and answer questions about Nobel Prize winner James
M.Buchanan, outstanding economist. Use information from exercise 6.
VIII. Find out the words in the text which go together. Put them down and make sentences with them.
IX. Translate the following sentences from Ukrainian into English.
Економіка – соціальна наука.
У неї мало спільного з природничими науками.
Економісти не мають змоги робити чіткі прогнози дбайливо.
Основна причина цього – людська поведінка, яку неможливо передбачити.
Фізики можуть проводити свої експерименти в лабораторіях в умовах, що суворо контролюються.
У економістів немає таких лабораторій, їхня лабораторія – реальний світ.
Але економісти розробляють прості моделі завдяки припустимим спрощенням.
У своїх припущеннях економісти можуть сказати „інші величини залишаються незмінними”, але насправді не можуть утримати їх незмінними.
Людська поведінка дуже мінлива, непостійна.
Уряд втручається в економіку для того, щоб купувати ті товари й послуги, які люди відмовляються купувати безпосередньо.
Уряд купує їх за гроші від податків.
Уряд платить за національну оборону, поліцію, соціальну безпеку, добробут, допомогу з безробіття.
X. Role play:
Both of you are students - one in physics, the other - in economics. Speak about the role of experiments in your science and the difference in the conditions for experiments in physics and economics.
Unit 4. Economics as a policy.
Pre-reading tasks:
Vocabulary.
1. Read the definitions of the following economic concepts, try to remember them and be ready to use.
Positive statement – a value-free statement which can be tasted by an appeal to the facts.
Normative statement – a statement which only presupposes events in economic affairs.
Positive economics – empirical scientific economics based on quantitative analysis of economic data; economics which says what does or what does not occur in economic affairs.
Normative economics – economics based on value judgments, stating what ought or ought not to occur in economic affairs.
Subjective judgеment – personal opinion.
Policy – a definite course or method of action selected from among alternatives in light of given conditions to guide and determine present and future decisions.
Politics – a) the art and science of government; b) political affairs or life; c) political science.
Try to explain economic notions as you understand them, by your own words.
2. Match English and Ukrainian equivalents.
1. сonsequences of following certain policies |
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2. ultimately |
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3. by appealing to |
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4. evidence |
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5. statement of value |
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6. plenty of scope |
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7. schools of thought |
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8. political right |
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9. political left |
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10. highly controversial |
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11. adhere to |
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12. major role |
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13. competing models |
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14. accuracy |
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15. desirable or undesirable |
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16. Opposing views |
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17. to amend |
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18. card |
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19. welfare |
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20. prosperity |
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WARMING UP. |
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What do you think, are economics and politics independent?
Does economics influence political decisions?
Can you give any examples?
What’s the difference between politics and policy?
Read the text, try to understand it and be ready to retell it.