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V. Complete the following sentences:

1 Microeconomics is.... 2 Macroeconomics deals with.... 3 As a first step in understanding the macroeconomics we think of the economy as.... 4 These sectors represent.... 5 The sum of expenditures of these sectors is known as.... 6 One sector of the macroeconomics is.... 7 The basic unit in this sector is.... 8 Another sector is.... 9 It is the productive sector responsible for.... 10 The public sector includes.... 11 The foreign sector includes....

VI. Translate into English:

1 Мікроекономіка – це галузь економіки, зв’язана із прийняттям рішень та іншими діями самостійних господарських одиниць, які наділені правом приймати рішення. 2 Сума витрат секторів макроекономіки відома як сукупний попит. 3 Основна одиниця споживчого сектору – домашнє господарство. 4 До складу сектору бізнесу або капіталовкладень входять одноосібна власність, партнерство та корпорації. 5 Іще один сектор макроекономіки – це державний сектор, який включає місцевий, регіональний та державний уряд. 6 До складу зовнішнього сектору входять усі споживачі та виробники за межами країни.

VII. Replace the Ukrainian words and phrases by their English equivalents in the correct form:

(Макроекономіка) is the study of the functioning (економіки в цілому), and it deals mainly with the total output and income of the economy, (загальним рівнем занятості), and movements in the average level of all prices. The heart of macroeconomics consists of analyzing the determinants of (сукупної пропозиції) and (сукупного попиту). In the short run, the main problem in macroeconomics is why (сукупний попит) sometimes exceeds (сукупну пропозицію), thereby bringing on (інфляцію), and why aggregate demand sometimes falls short of aggregate supply, thereby bringing on (безробіття) and deflation – or at least less inflation. Over the long run, macroeconomics is concerned primarily with (економічним зростанням) – increases in the productive capacity of the economy and in average (реальним доходом) per person.

Grammar: The Gerund – Герундій

1. The gerund has the following forms:

Active

Passive

Simple

writing

being written

Perfect

having written

having been written

2. We use the gerund:

* as the subject of a sentence: Exporting will be our main objective next year.

* as the object of a sentence: I've always enjoyed reading.

* after certain verbs:

admit, mind, appreciate, avoid, consider, can't stand, can't help, delay, enjoy, finish, imagine, involve, postpone, propose, risk, stop, suggest

The manager proposed changing the name of the company.

• after prepositions:

after, before, by, when, while, without

The company launched this product without doing the necessary research.

• after verbs and expressions followed by prepositions:

be interested in, be good at, be fond of, be for / against, be used to, instead of, feel like, think of / about, look forward to, succeed in, approve of, insist on, object to

I'm interested in learning more about this technology.

• after expressions like: it's no use, it's not worth, it's no good : No use asking him. He won't tell the truth.

Ex.1. Put the verbs in brackets into the gerund form. Translate the sentences into Ukrainian:

1 Stop ............... (argue) and start ............... (work). 2 The boss is against ............... (make) any complaints. 3 I’m thinking of ............... (retire) and ............... (go) to Canada. 4 If he puts his money into that business he risks ............... (lose) everything. 5 If a thing is worth ............... (do) at all it is worth ............... (do) well. 6 He hates ............... (borrow) money. 7 I can't stand their (waste) so much time. 8 I thanked him for ............... (solve) the problem quickly. 9 I suggest ............... (postpone) the meeting. 10 It's no good ............... (complain). Nothing can be done. 11 I can't help ............... (think) about the interview. 12 We avoid ............... (keep) late hours. Our working day begins very early. 13 The secretary admitted ............... (steal) the money. 14 I believe he’s capable of ............... (solve) this problem.

Ex.2. Finish these sentences using a gerund:

1 My favourite activity is ........................................................................................ .

2 He can't stand ........................................................................................

3 He is good at.....................................................................................................

4 Some people just can't help.....................................................................................................

5 We are used to .....................................................................................................

6 I’m interested in .................................................................................................... .

7 This company is worth .....................................................................................................

8 The customer wants to know who was responsible for ............................................................................... .

9 I feel like .....................................................................................................

10 He admitted .....................................................................................................

11 I’m thinking of .................................................................................................... .

12 ........................................................................................ was the key to the company's success.

13 It's no use .....................................................................................................

14 Avoid ....................................................................................................................

Ex.3. Complete these sentences using the gerund form of one of the verbs below:

give, get, make, have, lose, help, work, discuss, get, worry, meet, analyse, cry, buy, reduce

1 He is interested in ............... the shares of this company. 2 It's no use ............... over spilt milk. 3 This job involves ............... our international transactions. 4 We are looking forward to ............... the new Sales Manager. 5 It isn't worth ............... about it. 6 You risk ............... bad results. 7 As we don't agree about company policy we avoid ............... this subject. 8 We don't mind ............... overtime, if it helps the company. 9 You mustn't insist on ............... him. He doesn't want it. 10 By delaying we risk ............... this contract. 11 I can't imagine not ............... a computer in my office. 12 He apologized for …............ this serious mistake. 13 He is very pleased with ............... the job he wanted. 14 It's no good ............... her advice - she never listens. 15 Overstaffing should be solved by ............... the workforce.

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