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III. Comprehension and Word Study

1. Translate into Russian:

to ascertain and gather relevant facts; department of economy and production management; to work at stock company; training course; profit-seeking organization; to reorientate the investment policy; to some extent; to achieve substantial changes; to cope with problems; to strengthen links between science and production; to derive economic principles; to predict and control future events; vital discipline; how-to-make-money area of study; to run a business; to manage one’s personal finances.

2. Complete the sentences with the words from the box below:

dynamic, economic, vital, principles, benefits, social.

                  1. Economics is a … discipline for business.

                  1. The field of economy is broad and … .

                  1. Definite problems arose in the country’s … development.

                  1. Economists derive economic … which are useful in the formulation of policies designed to solve economic problems.

                  1. In spite of its practical …, however, economics is an academic, not a vocational, subject.

                  1. In economics, problems are usually examined from the …, not from the personal point of view.

3. Complete the sentences:

                  1. The training course for students of economic faculty includes … .

                  1. Our economy needs good specialists so as … .

                  1. Economists derive economic principles which are … .

151

                  1. In studying any problem of the economy, the economist must first … .

                  1. In economics, problems are usually examined from … .

                  1. In spite of its practical benefits, economics is … .

                  1. A knowledge of economics may be helpful in … .