- •2. Read the definitions and choose the word from the box above:
- •3. Try to explain the meanings of the following words:
- •4. World building
- •1. Try to answer the following questions before reading the text. Then read the text and check your answers:
- •2. Read the text again and say if the following sentences True or False:
- •What is economics?
- •Useful words and expression
- •2. Put the verbs in brackets in the correct form of Present Simple.
- •3. Make questions for the underlined words. Use question words how, how many, what.
- •4. Do not agree with the following sentences. Correct them.
- •6. Agree or disagree with these statements according to the text:
- •7. Answer the questions:
- •8. Answer the question using the following expressions.
6. Agree or disagree with these statements according to the text:
a. College degree is one of the factors that directly affect people and their families. b. Only 20% adults and students understand that people with college have better earning potential. c. If you leave school and start to earn money in your teens and don’t go to college you will have higher income in later life. d. If you keep savings in the bank you don’t risk losing money because of inflation. e. Political leaders explain their economic decisions so simple that it’s easy to make a decision. f. Strong knowledge in economics helps people to earn much more money. g. Rich countries have no problems with poverty.
7. Answer the questions:
Do people appreciate economic factors which influence their wellbeing? Why?
What can happen with your money if you keep them “under mattress”?
What benefits the understanding of economic issues can bring to an individual?
Why must we think of an adequate income in retirement now?
In what way can knowledge in economic affect political decisions?
8. Answer the question using the following expressions.
Is economic education important? What do you think?
- I think that
- In my opinion
- It’s important
- It’s vital
- to manage income and spending
- to save money
- to lose value through inflation
- to find the right balance between
- to make a rational decision about
- to have an adequate income
- to raise living standards
Grammar: Degrees of Comparison
|
Absolute |
Comparative |
Superlative |
one syllable or two syllables ending in -y |
big |
bigger |
the biggest |
strong |
stronger |
the strongest | |
happy |
happier |
the happiest | |
two or more syllables |
important |
more important |
the most important |
adequate |
more adequate |
the most adequate | |
exceptions |
many, much |
more |
the most |
good |
better |
the best | |
little |
less |
the least | |
bad |
worse |
the worst |
Using degrees of comparison:
The more you learn, the more you know.
He earns more than you.
The greatest risk of losing value of money is inflation.
Fill in the table with necessary adjective.
Absolute |
Comparative |
Superlative |
|
|
the latest |
|
fewer |
|
|
|
the greatest |
far |
|
|
rich |
|
|
|
higher |
|
Put the adjective in the right form.
… study showed that many people can’t make adequate decision about spending money (late).
Only half of all adults—and even … students – understand what inflation means (few).
People with … education can get … salary (high, big).
... people understand about savings, earning potential and other economic issues, … they can look after themselves and their families (much, good).
They need to understand how to … save money (good).
… than half of students know what a budget deficit is (few).
Providing school students with … knowledge in economics is … public service (strong, important).
… you earn now, … pension you will get later (many, big).
If you understand economic and political issues you make … and … decisions (rational, adequate).
Make a sentence from given words, first and last words are on its places.
People, understand, who, better, decision economics, a, can make, about spending.
Later, you, get, higher, can, income.
It’s, to, understand, political, difficult, economic, and, issues.
Poverty, big, is, problem, a, in, many, large, countries.
Economists, more, informed, can, a, make, estimation.
Students, about, than, fewer, economics, know, adults.
Economists, how, save, best, to, know, money.
Population, older, is getting, and, older.
Match the words to make word combinations and translate them.
-
National
Issues
adequate
study
budget
estimation
common
failure
critically
decision
earn
economy
earning
deficit
economic
important
informed
retirement
latest
poverty
raise
potential
prepare for
service
public
living standards
rational
income
reduce
money
Complete the chart with related words
-
Noun
Verb
Adjective
benefit
to earn
retirement
to save
value
to affect
to appreciate
to complete
to manage
policy
to provide
to reduce