- •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
Pronouns
Personal Pronouns |
Possessives |
Reflexive Pronouns | ||
subject |
object |
adjectives |
pronouns | |
SINGLE | ||||
I you she he it one |
Me you her him it one |
My your her his its one’s |
Mine yours hers his - - |
myself yourself herself himself itself oneself |
PLURAL | ||||
we you they |
us you them |
our your their |
ours yours theirs |
ourselves yourselves themselves |
|
TRAIN AND CHECK YOURSELF |
Insert the forms of “be” or “have”.
Economic realities _____ round us.
Some people _____ a lot of economic problems.
Economics _____ a lot to do with money.
Production _____ the transformation of inputs into outputs.
This advertising _____ in the next issue.
Ukrainian population ______ much money in the saving banks in soviet times.
If he changes the terms he _____ his profit.
The demand for this good _____ very big at the beginning of the year.
Make up sentences.
Of, life, economics, aspects, all, studies, economic.
Face, day, realities, people, with, every, economic.
And, enough, if, they, money, people, goods, services, have, can, themselves, afford, definite.
Aspect, one, is, but, with, to, a, economics, has, lot, do, money, it, only, its.
Services, consumption, production, goods, is, and, of, and, economics, with, concerned.
Affect, consumption, prices, advertising, fashion, wants.
Limited, unlimited, are, are, of, the, yet, wants, wants, means, human, fulfilling, human, natural.
Recourses, recourses, factors, recourses, production, called, are, of, manufactured, human, natural.
Units, economy, microeconomics, macroeconomics, a, whole, as, studies, studies, individual.
III. Make the following sentences negative and interrogative.
People have got enough money to afford definite goods and services themselves.
Poor people have a lot of economic difficulties.
Production of lorries was low last year.
The inputs are too big but the outputs are small.
The production is profitable.
People have many wants and wishes.
We say that human wants are driving force of progress.
There is the excess of human wants.
There is scarcity of all kinds of recourses: human, natural, manufactured.
IV. Insert the proper pronoun.
We produce all kinds of services. … services have reasonable prices. … are ready to serve … quickly and with high quality.
Having got the salary, the employee decided to buy various items. … went to supermarket where … knew was a big choice of goods. … purchasing power was rather high and … was lucky to buy almost everything he wanted.
A woman cashier has a lot to do with money. … has to count … at the end of the working day. It is … duty to pass … to the bank. Money collector should give … a receipt.
“Green” groups appeared in 1970’s. … wanted green planet for all people. … main motto was: “Fresh air and water for everybody!”. Rich and wealthy tried not to notice … at first. But people of the Earth supported … ideas and tycoons had to change … minds.
V. Choose the correct variant.
We/he are students of University of Economics and Trade.
Many people study economics, but not all of them/their become economists.
Adam Smith is/was a famous English economist he/who wrote her/his famous book: “The Wealth of Nations”.
IBM is/has 3500 specialists dedicated to change management.
Each good and service has/was its own price.
Land is/has still one of the main capitals.
The factory will be/will have problems because of the limited amount of recourses.
Economics has/is a lot to do with money.
Consumption is/has closely connected with money.
Human needs had/were simpler and less hundreds years ago.
VI. Each sentence has a mistake. Find and correct it.
1. Harrogate have millions in his safe. 2. I have the hole in his pocket. 3. But you can’t say that he has cleverer than I, or bolder, or more energetic. 4. He hasn’t clever. 5. He is got eyes like blue buttons. 6. He has not energetic. 7. They is an old honest blockhead. 8. But he is got money simply because he collects money, as a boy collects stamps. 9. You is too clever for business. 10. You will not have lucky. 11. To be clever enough to get all that money, one must have stupid enough to want them.
G.K.Chesterton, “The Paradise of Thieves”,
“The Wisdom of Father Brown”, 1914.
VII. Ask and answer questions about Harrogate.
VIII. Comment on the last sentence from ex.VI.
Why did G.K. Chesterton call people who want much money stupid?
What do you think about money and people who made huge money? Are they blockheads or vice versa?
IX. Translate the following sentences from Ukrainian into English.
Ми зустрічаємося з економічними реаліями майже всюди: у газетах, телепрограмах, журналах.
Економічні реалії - це не тільки бізнес, а й повсякденне життя кожної людини.
Економіка вивчає людей та їх пристрасті, смаки, вибір.
Об’єктом аналізу в економіці є людина.
Економіці часто приходиться мати справу з грішми.
Економіка вивчає зусилля окремих індивідів, cпрямовані на задоволення матеріальних потреб.
Виробництво – це перетворення вкладених коштів у кінцевий продукт з метою отримання прибутку або досягнення якоїсь іншої мети.
Споживання – це використання товарів і послуг для задоволення потреб.
Людські потреби безмежні, але способи їх задоволення обмежені.
Людські, природні й промислові ресурси є факторами виробництва.
Перевищення людських потреб над факторами виробництва викликає дефіцит.
X. Divide the group into subgroups. One subgroup will represent a primitive man, his needs and ways of satisfying them. Another group will represent a contemporary man with all his needs and wants. Let the students appreciate both situations from economic point of view.