1. Classify the words according to the type of their reading.

Part, life, use, taste, word, such, as, wage, cost, wide, art, term, from, study, whole, save, core, can, by, are, rise, corn, which, be, car, must, world, among, type, with, for, range, price, spend, change.

7. Read the lists of words. Pay attention to the stress.

e´conomy e´conomist e´conomize eco´nomics eco´nomic eco´nomical

di´stribute distri´bution di´stributor di´stributive

´science ´scientist scien´tific a

con´sume con´sumer con´sumption

pro´duce pro´ducer pro´duction

3. Read and translate the following words.

Economics, economy, science, scientific, consumer, consumption, produce, production, distribute, distribution, decision, resource, extraction, raw materials, good, provide, provision, service, market, equilibrium, fiscal, monetary, policy, earn, income, profit, wage, spending, expenditure, price, cost, deal with, affect, influence, impact, result in, cause, increase, determine, perform, include, involve, level, activity, opportunity, law, intermediate.

4. Read the following international words and a) define their part of speech;

b) guess their meanings.

Economics, economic, administration, industry, aspect, social, system, agent, component, standard, definition, fiscal, resource, ecoregion, service, monetary, production, producer, civilization, management, modern, investment, factor, economy, sector, engineering, organization, activity, human, specific, term, evolution, technological, policy, composition, business, motive, result.

5. Translate the word combinations.

Consumer expenditure, price increase, consumer income, production level, market economy, resource distribution, business activity, goods and services production.

6. Make all possible word combinations and translate them into Russian.

Market Consumer Resource Business Price

expenditure, equilibrium, consumption, extraction, economy, impact, activity, distribution, costs, increase, spending, profit, income, production, decision, level

7. a) Study the following information.

as – 1) предлог (preposition): как, в качестве

2) союз (conjunction): так как, пока, когда, в то время как

3) используется в выражениях:

such as – такой как

as well – также, тоже (употребляется в конце предложения)

as well as–такжекак

so as to–так,чтобы

as if, as though–какбудто

as a whole–вцелом

as a result–врезультате

b) Translate the sentences into Russian.

1. As a result, the profit of the firm increased.

2. He looked as if his income had become less than his expenditure.

3. Government can determine fiscal and monetary policy as well.

4. A company must use raw materials rationally so as to make production effective.

5. People use economic words such as money, price, wage, profit, cost.

6. Greek scientists used the word “economy” as a scientific term.

7. P. Samuelson called economics the Queen of sciences as it can easily explain the changes in the world.

8. Primary sector involves the extraction and production of raw materials, such as corn, coal, wood and iron.

9. Practical fields directly related to the human activities as a whole, range from engineering to management and business administration, from applied science to finance.

Grammar exercises