Comments

1. a training in clear thinking - навчання чіткому мисленню

2. to trace cause - простежити (виявити) причину

3. to effect carefully - діяти обережно

4. to consider alternative - обміркувати альтернативу

5. to earn living - заробляти на прожиття

6. to require knowledge - потребувати знання

7. to relate to - стосуватись, мати відношення до чогось

8. to adjust oneself to - пристосуватись до чогось

9. supply - пропозиція, постачання

10. to endeavour - намагатися

11. to obtain efficiency - досягти ефективності

12. ”ins” and ”outs” - за і проти

13. to call for - вимагати

14. large-scale - широкомасштабний

15. social security - соціальна безпека

16. in favour of - на користь

17. economic discourse - економічне обговорення

18. economic argument - економічний довід (дискусія, опір)

19. to eliminate - усувати (помилки)

III. Find the English in the right-hand column for the following:

1. вартість життя 1. a knowledge of economies

2. широкомасштабні колективні дії 2. to relate to a particular enterprise

3. його загальна культурна цінність 3. to adjust oneself to changes

4. розумна громадськість 4. inflated currency

5. знання економіки 5. to outlive one’s usefulness

6. досягти максимальної 6. the seriousness of the

ефективності unemployment situation

7. навчання чіткому мисленню 7. the cost of living

8. простежити причину 8. its general cultural value

9. ”за” і ”проти” ділової економіки 9. large-scale collective actions

10. стосуватись певного підприємства 10. intelligent citizenship

11. серйозність становища 11. to obtain maximum безробіття efficiency

12. пристосуватись до змін 12. ”ins” and ”outs” of business economics

13. інфляційна валюта 13. to trace cause

14. пережити корисність 14. a training in clear thinking

IV. Complete the following sentences:

1. Economics teaches us to earn money. 2. Businessmen require knowledge of economics to develop their business successfully. 3. Every businessman tries to make as much profit as possible out of his business. 4. Intelligent citizenship has to be aware of some economic concepts and problems. 5. One may be involved in economic argument in the restaurant, on the train or at the golf club. 6. Economic institutions exist for man and not man for economic institutions. 7. We must study economic institutions and eliminate such of them as may have outlived their usefulness.

VI. Fill in blanks with necessary prepositions:

1. Economics is a training ... clear thinking. 2. Businessmen require knowledge ... the economic problems that relate ... their particular enterprises. 3. A businessman has to adjust himself ... changes ... the supply ... land, labour, or capital required ... his business. 4. Intelligent citizenship calls ... some familiarity ... economic problems. 5. Wherever one goes one may become involved ... economic argument.

VII. Answer the following questions:

1. Why should we study economics?

2. What does economics enable us?

3. What does economics teach us?

4. What do businessmen require?

5. What does a businessman have to adjust himself?

6. Why does intelligent citizenship call for some familiarity with economic problems?

7. What can you say about the cultural value of knowledge in economics?

8. Where may be a person involved in economic argument?

9. What did Einstein say about economic institutions?

10. What should we do with those economic institutions?

VIII. Speak on the text ”Why should we study Economics?”

Grammar

Sequence of Tenses. Indirect Speech.

I. Change the following sentences into indirect speech.

1. He asked angrily, ”Why are you smiling to yourself and don’t answer my questions at once?”. 2. The girl said, ”I am thinking of the summer spent in the south of France”. 3. She said to Nick, ”When are you going to get a car?” ”I haven’t enough money”, replied Nick. 4. Mary said, ”I’m making a new dress, I want to wear it at our party”. 5. Ann said, ”We are thinking of going out”. 6. The teacher asked, ”Are you listening carefully, John?”. 7. She asked him, ”Is Robert coming tomorrow?”. 8. I said, ”Is John studying for an examination now?”. 9. Father said, ”Mary is doing her morning exercises, I don’t want to disturb her”. 10. Mother said, ”You are forgetting your manners, John”.