- •Міністерство аграрної політики України
- •Unit 1 what is economics?
- •1. Read and memorize the following words, word-combinations and word-groups:
- •2. Give English equivalents of the following:
- •4. Read and translate the text:
- •5. Answer the following questions:
- •6. Define the terms:
- •7. Translate into English:
- •8. Read and dramatize the following dialogue:
- •9. Make up your own dialogue using the following expressions and word-combinations:
- •10. Inform the group about your activities and find out if he or she does the same:
- •11. Express doubt concerning the truth of the following statements:
- •12. Ask about the following as in the model:
- •13. Translate into English:
- •14. Communicative situations:
- •Unit 2 the american economic system
- •1. Read and memorize following words, word-combinations and word-groups:
- •2. Give English equivalents of the following:
- •3. Fill in the blanks with appropriate words: a profit, resources, the answers, prices, consumers, levels, a price, money.
- •4. Read and translate the text:
- •5. Answer the following questions:
- •6. Define the terms:
- •7. Translate into English:
- •8. Read and dramatize the following dialogue:
- •9. Make your own dialogue using the following words, expressions and word-combinations:
- •10. Open the brackets using the Present Indefinite Tense in the Passive Voice:
- •11. Read and change the sentences according to the model:
- •12. Translate into English:
- •13. Communicative situations:
- •Unit 3 the consumer in our economy
- •1. Read and memorize the following words, word-combinations and word-groups:
- •2. Give English equivalents of the following:
- •4. Read and translate the text:
- •5. Answer the following questions:
- •6. Define the terms:
- •7. Translate into English:
- •8. Read and dramatize the following dialogue:
- •9. Make up your own dialogue using the following words, expressions and word-combinations:
- •10. Express the following in the Passive Voice:
- •11. Ask questions to the following sentences:
- •12. Translate into English:
- •13. Communicative situations:
- •Unit 4 launching a business
- •1. Read and memorize the following words, word-combinations and word-groups:
- •2. Give English equivalents of the following:
- •4. Read and translate the text:
- •5. Answer the following questions:
- •6. Define the terms:
- •7. Translate Into English:
- •8. Read and dramatize the following dialogue:
- •9. Make up your own dialogue using the following expressions:
- •10. Inform the group about the future activities or states:
- •11. Ask for confirmations of the truth of the following statements:
- •12. Translate into English:
- •13. Communicative situations:
- •Unit 5 financing a business
- •1. Read and memorize the following words, word- combinations and word-groups:
- •2. Give English equivalents of the following:
- •4. Read and translate the text:
- •5. Answer the following questions:
- •6. Define the terms:
- •7. Translate into English:
- •8. Read and dramatize the following dialogue:
- •9. Make up your own dialogue using the following expressions:
- •10. Make the following sentences passive:
- •11. Translate the verbs in brackets in English using them in the necessary tense-form:
- •12. Translate into English:
- •13. Communicative situations:
- •Unit 6 production and marketing. The business of business
- •1. Read and memorize the following words, word-combinations and word-groups:
- •2. Give English equivalents of the following:
- •4. Read and translate the text:
- •5. Answer the following questions:
- •6. Define the terms:
- •7. Translate into English:
- •8. Read and dramatize the following dialogue:
- •9. Put questions to the italicized words:
- •10. Replace the infinitives in brackets by the Present Continuous Tense (the Active Voice):
- •11. Translate into English:
- •1. Read and memorize the following words, word- combinations and word-groups:
- •2. Give English equivalents to the following:
- •3. Fill in the blanks with appropriate words:
- •4. Read and translate the text:
- •5. Answer the following questions:
- •6. Define the terms:
- •7. Translate into English:
- •8. Read and dramatize the following dialogue:
- •9. Make up your own dialogue using the following expressions:
- •1. Read and memorize the following words, word- combinations and word-groups:
- •2. Give English equivalents of the following:
- •3. Fill in the blanks with appropriate words:
- •4. Read and translate the text:
- •5. Answer the following questions:
- •6. Define the terms:
- •7. Translate into English:
- •8. Read and dramatize the following dialogue:
- •9. Make up your own dialogue using the following expressions:
- •10. Put the infinitives in brackets in the Past Continuous Tense:
- •11. Paraphrase the following sentences as in the model:
- •12. Translate into English using the Past Continuous Tense (the Active Voice):
- •13. Communicative situations:
- •1. Read and memorize the following words, word-combinations and word-groups:
- •2. Give English equivalents of the following:
- •3. Fill in the blanks with appropriate words
- •4. Read and translate the text:
- •5. Answer the following questions:
- •6. Define the terms:
- •7. Translate into English:
- •8. Read and dramatize the following dialogue:
- •9. Make up your own dialogue using the following expressions:
- •10. Change the following sentences using the Passive Voice:
- •11. Ask when and what -questions using the Passive Voice:
- •12. Translate into English using the Past Continuous Tense (the Passive Voice):
- •13. Communicative situations:
- •Self-assessment criteria
- •If you have got:
5. Answer the following questions:
1. What are the «pillars» of economic system?
2. What does the right to private property give the owners of natural resources and capital?
3. How do prices influence American economic system? Give your own examples.
4. What does competition refer to?
5. How do you understand the term «profits».
6. What is the force that drives our economic system?
7. What is the role of profits in the economic system?
8. What economic responsibilities are best fulfilled by government?
9. What is «the gross national product»?
6. Define the terms:
GNP, competition, economic self-interest, profit motive, private property, consumers, profit, price system
7. Translate into English:
1. Приватна власність, цінова система, конкуренція – головні «опори» економічної системи. 2. Цінова система відповідає на такі питання: а) які товари та послуги вироблятимуть? б) як їх вироблятимуть? в) хто їх отримуватиме? 3. Економічні стимули впливають на наше рішення, що і де купити. 4. Бізнесмени купують або продають землю чи інші природні ресурси, якщо сподіваються на прибуток від цієї угоди. 5. Валовий національний продукт – це загальна вартість усіх товарів і послуг, вироблених за один рік. 6. Для того, щоб купити щось, треба мати гроші. 7. Споживачі – це люди, які користуються товарами та послугами для задоволення своїх потреб.
8. Read and dramatize the following dialogue:
Mary (a student): Would it be troubling you too much, Mr. Brown, if I ask you some questions about economics?
Mr. Brown (en American teacher of economics): Not at all, dear. I'll answer all your questions with great pleasure, but what particulars are you interested in?
M.: I'm mostly interested in everything concerning the American economic system. Mr. В.: Well, ask your questions and I'll do my best to satisfy you.
M.: Thank you. First of all I should like to know what is Adam Smith and why is he considered «the father of modern economics»?
Mr. В.: Well, you see, 1776’ the year that we associate with the signing of the Declaration of Independence, also marked the publication in England of one of the most influential books of our time «The Wealth of Nations» written by Adam Smith, It earned the author the title «The father of economics».
M.: Did he describe the principal elements of the economic system in this book?
Mr. В.: Yes, he did. He differed with the physiocrats who argued that land was the only source of wealth. He also disagreed with the mercantilists who measured the wealth of a nation by its money supply, and who called for government regulation of the economy in order to promote a «favorable balance of trade».
M.: In Smith's view a nation's wealth was dependent upon production, not agriculture alone, wasn't it?
Mr. В.: Yes, it was. How much it produced, he believed, depended upon how well it combined labor and the other factors of production. The more efficient the combination, the greater the output, and the greater the nation’s wealth.
The heart of Smith's economic philosophy was his belief that the economy would work best if left to function on its own without government regulation. In those circumstances, self-interest would lead business firms to produce only those products that consumers wanted and to produce them at the lowest possible cost. They would do this, not as a means of benefitting society, but in an effort to outperform their competitors and gain the greatest profit. But all this self-interest would benefit society as a whole by providing it with more and better goods and services, at the lowest prices.
M.: Now, I know why Adam Smith is considered «the father of economics». I think that the other sections dealing with the factors of production, money and international trade are as meaningful today as when they were first written.
Mr. В.: Yes, of course. Adam Smith gave the best description of the principles upon which our economic systems are based.