- •Государственный университет высшая школа экономики
- •English for Economics
- •Пермь 2006
- •Isbn 5-88187-286-X
- •Предисловие
- •Contents Part I. Texts on Economics 6
- •I. Give the English equivalents to:
- •II. Find words with similar meanings in the text:
- •III. Answer the following questions:
- •IV. Are the following statements true or false? Correct the false ones:
- •V. Render the text in English:
- •VI. Give a summary of the text. Macroeconomics and microeconomics
- •I. Answer the following questions:
- •II. Fill in the blanks using the correct term: microeconomics, macroeconomics, microeconomists or macroeconomists:
- •III. Consider which of the following matters might be classified as macroeconomic and which as microeconomic:
- •IV. Match a line in a with a line in b:
- •V. Give a summary of the text.
- •VI. Render the text in English:
- •I. Give the English equivalents to:
- •II. Find words and expressions that mean:
- •IV. Divide the text into 4 parts and formulate the main idea of each of them.
- •V. Answer the following questions:
- •VI. Give a summary of the text. Economic systems: two important distinctions
- •VI. Render the text in English:
- •VII. Give a summary of the text. Labour
- •I. Give the English equivalents to:
- •III. Answer the following questions:
- •IV. Are the following statements true or false? Correct the false ones:
- •V. Render the text in English:
- •Unemployment
- •I. Give the English equivalents to:
- •III. Answer the following questions:
- •IV. Are the following statements true or false? Correct the false ones:
- •V. Render the text in English:
- •Supply and demand
- •Factors Affecting the Demand of Households.
- •Factors Affecting Supply.
- •X. Render the text in English:
- •Wants and utilities
- •I. Answer the following questions:
- •II. Match the terms with their definitions:
- •III. Translate the words and word combinations:
- •IV. Are the following statements true or false? Correct the false ones:
- •V. Render in the text English:
- •VI. Give a summary of the text. Market
- •I. Match the terms with their definitions:
- •II. Answer the following questions:
- •III. Are the following statements true or false? Correct the false ones:
- •IV. Render the following sentences in English:
- •V. Give a summary of the text. Markets and monopolies
- •I. Give the English equivalents to:
- •III. Answer the following questions:
- •IV. Do the following tasks:
- •V. Render the text in English:
- •I. Give the English equivalents to:
- •III. Fill the gaps with the following words: coins, money, barter, legal tender, notes, value:
- •IV. Answer the following questions:
- •V. Are the following statements true or false? Correct the false ones:
- •VI. Render the text in English:
- •VII. Give a summary of the text. Pricing
- •I. Answer the following questions:
- •III. Give synonyms to the words and expressions from the text:
- •IV. Render the text in English:
- •V. Give a summary of the text. The problem of inflation
- •I. Answer the following questions:
- •III. Explain the following terms:
- •IV. Render the text in English:
- •V. Give a summary of the text. Banking
- •Central banking: an overview
- •I. Answer the following questions:
- •II. Are the following statements true or false? Correct the false ones:
- •III. Render the text in English:
- •IV. Fill in the blanks with proper words or word combinations:
- •V. Give a summary of the text. Loans in the united kingdom
- •I. Answer the following questions:
- •III. Fill in each blank with one word from the box to illustrate typical collocations:
- •Interest security society business loan
- •IV. Render the text in English:
- •V. Give a summary of the text. Market research
- •I. Answer the following questions:
- •III. Fill in the gaps with the following words: characteristics, acceptance, market segment, analysis, carry out, techniques, products, surveys, observation, research, panels, questionnaires, desk:
- •IV. Render the text in English:
- •VI. Give a summary of the text. Marketing
- •I. Answer the following questions:
- •II. Paraphrase the following statements:
- •III. Render the text in English:
- •IV. Give a summary of the text. Consumer choice
- •I. Answer the following questions:
- •III. Fill in the gaps:
- •IV. Render the text in English:
- •I. Match the terms with their definitions:
- •II. Put the words in the correct order:
- •III. Fill in the gaps with the words or word combinations in italics:
- •IV. Are the following statements true or false? Correct the false ones:
- •V. Translate the following sentences into English:
- •Test 2 (Labour, Unemployment)
- •II. Put the words in the correct order:
- •III. Fill in the gaps with the words or word combinations in italics:
- •IV. Are the following statements true or false? Correct the false ones:
- •V. Translate the following sentences into English:
- •Test 3 (Wants and Utilities, Supply and Demand)
- •II. Put the words in the correct order:
- •III. Fill in the gaps with the words in italics:
- •IV. Are the statements true or false? Correct the false ones:
- •V. Translate the following terms into English:
- •Test 4 (Market, Markets and Monopolies)
- •II. Match the two parts of the sentences:
- •III. Fill in the blanks with the words or word combinations in italics:
- •IV. Are the following statements true or false? Correct the false ones:
- •V. Translate the following sentences into English:
- •Test 5 (Money, Pricing, The Problem of Inflation)
- •II. Put the words in the correct order:
- •III. Fill in the gaps with the words or word combinations in italics:
- •IV. Are the following statements true or false? Correct the false ones:
- •V. Translate the following terms into English:
- •Test 6 (Banking, Central Banking, Loans in the uk)
- •II. Put the words in the correct order:
- •III. Fill in the gaps with the words or word combinations in italics:
- •IV. Are the following statements true or false? Correct the false ones:
- •V. Translate the following terms into English:
- •Test 7 (Market Research, Marketing, Consumer Choice)
- •II. Put the words in the correct order:
- •III. Fill in the gaps with the words or word combinations in italics:
- •IV. Are the following statements true or false? Correct the false ones:
- •V. Translate the following terms into English:
- •Part III. Resource Tests alternative market structures
- •I. Read the text. Some parts of the text have been taken out. These extracts are listed below. Complete each gap with the appropriate extract. One sentence does not belong in any of the gaps.
- •II. For each question 1-4, mark one for the answer you choose.
- •Free-market medicine in russia
- •Is the Patient Recovering?
- •I. Read the text. Some parts of the text have been taken out. These extracts are listed below. Complete each gap with the appropriate extract. One sentence does not belong in any of the gaps.
- •II. Look at statements 1-3. In each statement, which phrase or sentence is correct?
- •III. For each question 1-4, mark one for the answer you choose.
- •IV. Match each of these statements with one of the paragraphs numbered 1-8.
- •V. Are sentences below “Right” or “Wrong”? If there is not enough information to answer, choose “Doesn’t say”.
- •VI. Complete the following table:
- •VII. The mistakes in the sentences below have been underlined. Write the corrections in the spaces provided.
- •Should health care provision be left to the market?
- •II. Say whether the following sentences are “Right” or “Wrong”. If there is not enough information to answer, choose “Doesn’t say”.
- •III. For each question 1-5, mark one for the answer you choose.
- •Can the market provide adequate protection for the environment?
- •II. For each question 1-4, mark one for the answer you choose.
- •III. The mistakes in the sentences below have been underlined. Write the corrections in the spaces provided.
- •Strategic trade theory
- •I. Read the text. Some parts of the text have been taken out. These extracts are listed below. Complete each gap with the appropriate extract. One sentence does not belong in any of the gaps.
- •II. For each statement 1-3, mark one for the answer you choose.
- •III. Are sentences below “right” or “wrong”? If there is not enough information to answer, choose “Doesn’t say”.
- •Concentration ratios
- •I. Are the sentences below “Right” or “Wrong”? If there is not enough information to answer, choose “Doesn’t say”.
- •II. For each question, mark one for the answer you choose.
- •Competitive advantage and the small firm sector
- •I. Match each of these headlines with one of the texts above.
- •II. Look at statements 1-3. In each statement, which phrase or sentence is correct?
- •III. Are sentences below “Right” or “Wrong”? If there is not enough information to answer, choose “Doesn’t say”.
- •Growth through diversification
- •I. Read the text. Some parts of the text have been taken out. These extracts are listed below. Complete each gap with the appropriate extract. One sentence does not belong in any of the gaps.
- •II. The mistakes in the sentences below have been underlined. Correct them.
- •The firm as a legal entity
- •I. Match each of these headlines with one of the texts above.
- •II. Which text reports on these items?
- •IV. Choose the best answer to complete each gap in the text.
- •Should central bank be independent of government?
- •I. Read the text. Some parts of the text have been taken out. These extracts are listed below. Complete each gap with the appropriate extract. One sentence does not belong in any of the gaps.
- •II. Are sentences below “Right” or “Wrong”? If there is not enough information to answer, choose “Doesn’t say”.
- •III. The mistakes in the sentences below have been underlined. Write the corrections in the spaces provided.
- •Are the days of cash numbered?
- •I. Read the text. Some parts of the texts have been taken out. These extracts are listed below. Complete each gap with the appropriate extract. One sentence does not belong in any of the gaps.
- •II. Look at statements 1-4. In each statement, which phrase or sentence is correct?
- •III. Choose the best answer to complete each gap in the text.
- •IV. Are sentences below “Right” or “Wrong”? If there is not enough information to answer, choose “Doesn’t say”’.
- •Regulation us-style
- •I. For each question 1-5, mark one for the answer you choose.
- •II. Are sentence below “Right” or “Wrong”? If there is not enough information to answer, choose “Doesn’t say”.
- •III. Find the mistakes in the sentences below and write the corrections in the spaces provided:
- •The political business cycle
- •I. Read the text. Some parts of the text have been taken out. These extracts are listed below. Complete each gap with the appropriate extract. One sentence does not belong in any of the gaps.
- •II. For each question 1-4, mark one for the answer you choose.
- •III. There is one mistake in each of the following sentences (either an underlined word or a phrase); you are to find it.
- •Managers and owners:
- •I. Read the text. Some parts of the text have been taken out. These extracts are listed below. Complete each gap with the appropriate extract. One sentence does not belong in any of the gaps.
- •II. Complete the following table:
- •III. The mistakes in the sentences below have been underlined. Write the corrections in the spaces provided.
- •Inequality and poverty
- •I. Read the text. Some parts of the text have been taken out. These extracts are listed below. Complete each gap with the appropriate extract. One sentence does not belong in any of the gaps.
- •II. Are sentences below “Right” or “Wrong”? If there is not enough information to answer, choose “Doesn’t say”.
- •III. The mistakes in the sentences below have been underlined. Write the corrections in the spaces provided.
- •Technology and employment
- •II. Choose the best answer to complete each gap in the text.
- •Do people volunteer to be unemployed
- •Involuntary unemployment
- •I. Read the text. Some parts of the texts have been taken out. These extracts are listed below. Complete each gap with the appropriate extract. One sentence does not belong in any of the gaps.
- •II. For each question 1-4, mark one for the answer you choose.
- •III. Choose the best answer to complete each gap in the text.
- •Part IV. Fundamentals of Translation Вводное занятие
- •Порядок слов простого повествовательного предложения. Члены предложения
- •Занятие 1 Случаи отступления от прямого порядка слов в английском предложении
- •Практическое задание 1
- •Занятие 2
- •Практическое задание 2
- •Занятие 3 Модальные глаголы
- •Have to
- •Практическое задание 3
- •Занятие 4 Слова-заместители существительных; слова-заместители глаголов
- •Практическое задание 4
- •Занятие 5 Неличные формы глагола: Причастие I, его функции в предложении
- •Практическое задание 5
- •Занятие 6 Причастие II. Его функции в предложении
- •Практическое задание 6
- •Занятие 7 Причастные обороты: зависимые и независимые
- •Практическое задание 7
- •Занятие 8 Герундий
- •Практическое задание 8
- •Занятие 9 Герундиальные обороты (зависимые и независимые)
- •Практическое задание 9
- •Практическое задание 10
- •Занятие 11 Неличные формы глагола. Инфинитивные обороты – зависимые и независимые
- •Практическое задание 11
- •Занятие 12 Перевод официально-деловых материалов. Перевод латинских фраз.
- •Практическое задание 12
- •Bibliography
- •Для заметок
- •Учебное издание English for Economics
- •6 14990, Гсп-131, Пермь, ул. Дружбы, 34
I. Give the English equivalents to:
Естественная монополия, средние издержки, предельные издержки (краткосрочного/долгосрочного периода), монопсония, олигопсония, производственная технология, экономия от масштаба, совершенная конкуренция, однородные/неоднородные товары, научно-технический прогресс, дуополия, барьеры входа.
II. Match the terms with their definitions:
1. Barriers to entry |
A. a market with a single buyer who has some influence over the price of his output |
2. Franchise |
B. factors which prevent the entry of new firms into an industry |
3. Economies of scale |
C. a situation when a single firm can serve a particular market at lower cost than any combination of two or more firms |
4. Monopsony |
D. a situation when the average costs per unit of output decrease with an increase in the size of the output produced by a firm |
5. Natural monopoly |
E. a market consisting of two sellers |
6. Duopoly |
F. a market with a few buyers |
7. Oligopsony |
G. privileges |
III. Answer the following questions:
1. What is a monopoly?
2. What is the difference between a monopoly and perfect competition?
3. Who sets prices in a monopolistic market?
4. What are the results of monopolistic behavior in a market?
5. Under what conditions does a monopoly continue to exist?
6. What are the main types of monopolies?
7. What are the distinctive features of a natural monopoly?
IV. Do the following tasks:
1. Describe a monopoly from the standpoint of conventional economic analysis.
2. Compare a monopolistic market to a normal competitive environment.
3. List all the arguments against monopolies and counter arguments in favor of monopolies.
4. Describe the conditions under which monopolies continue to exist.
5. List all kinds of monopolies and describe in what way they differ from each other.
V. Render the text in English:
Монополия характеризуется наличием одного-единственного продавца конкретного товара на рынке. Продавец обладает монопольной властью, если он может повышать цену на свою продукцию путем ограничения своего собственного объема выпуска. Монополистической конкуренции свойственны черты как монополии, так и совершенной конкуренции. Монополистическая конкуренция – это совершенная конкуренция плюс дифференциация продукции. В условиях монополистической конкуренции, как и в условиях совершенной конкуренции, не существует барьеров для входа на рынок новых фирм. Открыть новый ресторан, бензоколонку или аптеку в большинстве крупных городов не составляет труда. Но поскольку барьеры входа отсутствуют, фирмы в монополистически конкурентных отраслях не рассчитывают на получение значительной прибыли в долгосрочном периоде.
MONEY
People practising specialized production must exchange their outputs of goods and services with one another. Until a full money system has been developed, such an exchange is usually carried on by barter. This is the exchange of goods directly for other goods and services. Barter, however, has certain disadvantages. The chief of these are the need for a coincidence of wants, the difficulty of equating values, and the indivisibility of large items.
Money is a solution to the problems of barter, because each commodity or service can be exchanged for money, which can then be used by the new owner to purchase a balanced supply of utilities. Money is any medium of exchange which is generally acceptable.
Types of money.
a) Token coins. These are coins made from metals whose real value is less than the face value of the coin.
b) Paper money. Printed money is more convenient than coins, being lighter to carry and easier to handle in large quantities. One more advantage of paper money is ease in guarding against forgery. The denominations of notes can be arranged to suit price levels in common use.
c) Bank deposits. Amounts placed to the credit of customers’ accounts at banks are the same as money. These deposits can then be transferred from one person to another by means of cheques. So cheques are not money, but only orders to pay money.
Any means of payment which people are forced by law to accept in settlement of a debt is legal tender. Money need not be legal tender and in fact bank deposits, which are money, are not legal tender. If legal tender is not generally acceptable, then it will cease to be money. In Germany at the end of the Second World War, marks, which were legal tender, were often not accepted in payment whereas cigarettes often were.
Money functions as a medium of exchange, a measure of value and store of value.
a) Medium of exchange. This is the chief function of money. It overcomes the need for a coincidence of wants, since everyone “wants” money, which represents a claim against any goods or services which will yield satisfaction.
b) Measure of value. The value of goods and services is measured in terms of money. It is then known as price.
c) Store of value. Wealth can be kept in the form of money. The use of money as a store of value only applies when individuals are storing it; a whole nation could not do so.
The value of money, like the value of anything else, is whatever it can be exchanged for. It is, in effect, its purchasing power. A rise in prices means that the value of money has fallen; a fall in prices, that it has risen. The value of money changes inversely with changes in the price level. It is highly desirable that the value of money should remain stable over the years, otherwise its functions cannot be fulfilled properly.
TASKS