- •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
Comprehension check.
Exercise 1.
1-F, 2-F, 3-T, 4-T, 5-F, 6-T, 7-T, 8-T.
Exercise 3.
1. Economic systems; 2. command economy; 3. economic; 4. at the other extreme; 5. decisions; 6. command economy; 7. free-market economy; 8. consumers’; 9. mixture; 10. intervention; 11. government intervention.
I.
In practice all economies are a mixture of the two: command and free-market.
Countries also differ in the type of government intervention as well as the level.
All societies are faced with the problem of scarcity.
All decisions are taken by individuals and firms.
Government intervenes through planning, nationalization, regulation, taxes, subsidies.
Households decide how much labour and other factors to supply, and what goods to consume.
Firms decide what goods to produce and what factors to employ.
II.
1-0; 2-0; 3-the; 4-0; 5-a; 6-0; 7-a; 8-the; 9-the; 10-0; 11-the; 12-0; 13-the; 14-0; 15-0; 16-the; 17-0; 18-0; 19-0; 20-0; 21-the; 22-0; 23-0; 24-0; 25-the; 26-0; 27-0.
IV.
she, her, it, she, somebody.
Some, he (she), his (her), him (her), himself (herself).
I, I, my, my, they, me.
They, our, their, us.
V.
1 - have, 2 - is, 3 - are, 4 - have, 5 - is, 6 - has, 7 - have, 8 - was, 9 - were, 10 - was.
VI.
1 - was, 2 - was, 3 - his, 4 - the, 5 - a, 6 - the, 7 - was, 8 - had, 9 - his, 10 - he.
VIII.
Are faced with; in the way; at the one extreme; at the other extreme; free-market economy; in practice; as well; in one; in the other; private sector.
IX.
Different societies have different economic systems.
All economic systems solve the same problems: what, how and for whom to produce.
There are the following economic systems: command economy, free-market economy, mixed economy.
There is no a pure command or pure free-market economy. At present all economic systems are mixed.
Under the command economy almost all means of production are under the control of government.
Government intervenes into all economic processes.
There is no private sector under command economy.
All decisions about production and allocation are made by separate individuals under the free-market economy.
Government doesn’t almost intervene into the process of making decisions.
However, the main factor which economics studies is the human behaviour.
It’s very difficult to analyse and predict human factor.
Unit 3.
1. accuracy |
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2. assume |
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3. under tightly controlled conditions |
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4. simple model |
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5. to predict |
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6. at a disadvantage |
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7. food stamps |
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8. handicapped |
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9. social security |
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10. to benefit |
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11. elderly |
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12. natural sciences |
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13. simplifying assumption |
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14. to develop |
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15. other things remain constant |
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16. to respond |
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17. in a broad sense of the word |
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18. social sciences |
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19. welfare |
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20. unemployment benefit |
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