- •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
Outstanding economists.
VI. Each sentence has a mistake. Find and correct it.
There has been a small coastal town Kirkcaldy to the north of Edinburgh in the 18th century.
In this town Adam Smith is born in 1723.
He lived with mother because her father died when Adam was just a baby.
He graduated Glasgow University at an age of 17.
He first became the fellow of Balliol College, Oxford.
At the age of 29 he became a professor of moral philosophy at a University of Glasgow.
He is in the continent and met many influential economists and philosophers when he was 40.
He have many impressions of that trip and meetings.
Then he returned to Scotland, to her town of Kirkcaldy.
They started to write his famous book “The Wealth of Nations”.
VII. Work in pairs. Ask and answer questions about Adam Smith from exercise 5.
VIII. Find out the words in the text which go together. Make sentences with them.
IX. Translate the following sentences from Ukrainian into English.
Різні суспільства мають різні економічні системи.
Усі економічні системи вирішують однакові проблеми: що, як і для кого виробляти.
Існують такі економічні системи: командна економіка, ринкова економіка, змішана економіка.
Не існує суто командної або суто ринкової економіки. Усі економічні системи на сьогодні є змішаними.
При командній економіці майже всі засоби виробництва знаходяться під контролем держави.
Уряд втручається в усі господарські процеси.
Приватний сектор не існує в командній економіці.
При вільній, ринковій економіці всі проблеми щодо виробництва й розміщення вирішуються приватними особами.
Уряд майже не втручається в процес прийняття економічних рішень.
Проте основним фактором, що вивчає економіка, є людська поведінка.
Поведінку людей дуже важко аналізувати й передбачати.
X. Role play: You are the representatives of different economic systems. Speak about advantages of your systems, object opponents as to disadvantages. Use Figure1 and text 2.
Unit 3. Economics as a social science.
Pre-reading tasks:
Look at these pictures.
Answer the questions:
Where do these people live?
What way of living do these people have?
How does society take care of the elderly and handicapped people?
What is more reliable: society’s help or selfsupport?
Vocabulary.
1. Read the definitions of the following economic concepts, try to remember them and be ready to use.
Social sciences – sciences investigating social relationship and functioning of society, e.g. history, sociology etc.
Natural sciences – sciences investigating environment and its laws dealing with matter, energy and their interrelations and transformations, e.g. physics, biology, geography, chemistry etc.
Human behaviour – the way people act.
Simplifying assumptions - some actions aimed at making model clearer, more vivid and understandable.
Standard of living – characteristics of living conditions of an individual or a family or a society expressed in money or possessions.
Transfer payments – payments by government to individuals that are not made in return for goods and services. They are made to redistribute income. They are social security payments, e.g. unemployment, benefits, widows’ pensions etc.