- •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
Advertising.
Advertising is a means of spreading information. It is any paid form of non-personal presentation and promotion of ideas, goods or services.
There are two types of advertising: product and corporate.
Product advertising – telling people publicly about a product in order to permit them to buy it.
Advertising is an important part of the marketing function. It is used to increase sales by making a product or service known to a wider audience and by emphasizing its positive qualities.
Corporate advertising – is not directly concerned with increasing sales of a particular product or service, but more with the brand image, a company wants to present to the public.
A company can advertise in a variety of ways, depending of how much it wishes to spend and the size and type of the target audience (the United Kingdom spends 6 bln pounds each year for advertising).
Different media for advertising include: TV, radio, newspapers, magazines, direct mail, by which advertisers send letters, brochures, leaflets.
Innovative ways of advertising: interrupting telephone conversations, talking ads from bank cash machines, ads on toilet walls.
In highly developed countries the most important types of advertising are:
Advertising in newspapers and magazines (40-60% of total amount, which is spent on advertising).
Printed advertising.
Advertising on TV (10% of total expenses). For 30 seconds of advertising on TV in the USA you should spend about $ 100.000.
A plan to do a lot of advertising of one product is called a campaign. Its aim is to project a forward-looking image of the company, modern efficiency and old-time product reliability.
When a growing company needs to advertise it can employ an advertising agency to design ads and put them on newspapers and magazines. It employs artists, copywriters and other specialists in this field.
The specific objectives of advertising are as follows:
To build primary demand.
To introduce a price deal.
To inform about a product.
To build proud recognition.
To increase market share.
To build the company image.
To develop home and overseas markets etc.
Vocabulary:
Non-personal – не особистісний
Target audience – аудиторія, на яку розрахована дана реклама
Leaflet – листівка
To interrupt – перервати
Campaign – кампанія
To project – спроектувати, створити
Forward-looking image – майбутній імідж
To design – проектувати, зображати
Objective – завдання, мета, ціль
A price deal – система заходів, пов’язаних з ціною; новий курс цін
Answer the questions:
What is advertising?
What are the advertising types?
What is project advertising?
What is corporate advertising?
What media are used for advertising?
What are the innovations in advertising?
What do you think of them?
What is campaign? What is its aim?
What is slogan?
What are the advertising objectives?