- •Англійська мова методичні вказівки
- •0305 Економіка та підприємництво та
- •0306 Менеджмент і адміністрування
- •Introduction
- •10. Look at the following topics:
- •Why Study Economics?
- •Why study economics?
- •Exercise 3. Answer the following questions.
- •Part 1 Unit 1 Economic Activity
- •Unit 2 The Science of Economics
- •Unit 3 Different Economic Systems
- •Unit 4 The Limits on Economic Freedom
- •Revision Units 1-4
- •In ...Formal ...Successful
- •Individual formal capital future ideal
- •Impression journal real commune imperial
- •Vocabulary
- •The Role of the Market
- •Unit 5 Central Control of the Economy
- •Unit 6 Mixed Economies
- •Revision Units 1-7
- •Exercise 3. Economic Vocabulary Quiz
- •Capitalism
- •Free-Market Economy
- •Part 2 unit 8 Utility and Prices
- •Unit 9 Supply and Demand
- •Unit 10 Some Economic Laws
- •Revision Units 8-10
- •Invest accept market manage employ
- •Vocabulary
- •Law of Demand
- •Unit 11 Labour and Capital
- •Unit 12 Markets and Monopolies
- •Unit 13 The Open Market
- •Unit 14 Money and Banking
- •Revision Units 12-13
- •Organisation of the european system of central banks (escb)
- •Revision Units 1-14
- •Factors of production
- •A Short History of the European Monetary System
- •Part 3 Supplementary Texts
- •1. Markets
- •Breaking records
- •Exercise 3. Match the words (1-10) with their definitions (a-j).
- •Profit a. The administration of the material resources of an individual, community or country
- •2. The economy
- •3. National-income accounting
- •Who Gets gdp?
- •4. Measuring economic activity
- •The Output Approach
- •The Income Approach
- •The Expenditure Approach
- •5. Economic fairness and the distribution of economic rewards
- •6. Public goods, information and uncertainty
- •Public Goods
- •Global public goods
- •7. Inflation
- •Money and Inflation
- •What Causes Inflation?
- •8. The global economy and
- •International trade
- •Regulation of International Trade
- •Risks in International Trade
- •Economic risks
- •Political risks
- •Методичні вказівки
- •0305 Економіка та підприємництво та
- •0306 Менеджмент і адміністрування
Revision Units 8-10
Exercise 1. In each set of words, one word is odd. What is this word?
1. indicate show appear demonstrate
2. consumer buyer user seller
3. commodities goods things products
4. production profit revenue earnings
5. wants needs requirements welfare
6. rise decrease growth increase
7. manufacture produce make show
8. company firm corporation business
9. particular modern given special
10. target aim objective view
Exercise 2. Non-, ir - can be used in front of some adjective to mean not. Write non- or ir- before these adjectives to make their opposites.
essential regular political
perishable relevant public
capitalistic responsible industrial
progressive communist agricultural
Now use suitable words to complete the following sentences.
-
Coal, steel, cars, computers – are ________ goods.
-
Most people in African countries can’t afford to buy ________ commodities.
-
Paper is a _________ commodity. It is produced in factories.
-
It’s _________ to ask such a question at the conference. This is of little importance now.
-
It was _________ of the highest officials not to think about the consequences of their economic policy.
Exercise 3. Which terms in the box are defined in sentences below?
utility demand wages interest capital equilibrium |
-
A consumer willingness and ability to buy a product or service at a particular time and place.
-
The price at which goods and services actually change hands.
-
Satisfying individual wants is known in economics as its ________.
-
Payment for the use of someone else’s money or capital.
-
The price paid for the use of labour.
-
Something created by people to produce other goods and services.
Exercise 4. Vocabulary.
a) Match each verb in column A with a verb in column B that has similar meaning.
go down additional
amount priorities
rapidly previous
extra quantity
danger obtain
get provided
done decrease
given performed
earlier risk
preferences sharply
b) Use suitable form of verbs from the list to complete these sentences:
1. The employer _______ the surplus after he pays the necessary expense of his business and the wages of his employees.
2. Labour is any work ________ for an employer at a negotiated rate.
3. Ukrainians must spend a large _______ of money for buying a new flat.
4. Over-production of any commodity may cause prices to fall _______.
5. It was a high _______ to buy these bonds.
Exercise 5. Opposites.
Complete each sentence with the opposite of the word in parenthesis. Choose from the following list. Use each word once only.
macroeconomics increase well-educated fall
exports new began regularly
-
Prices encourage producers to ________ their level of output. (DECREASE)
-
The development of modern economics ________ in the 17th century. (FINISH)
-
I pay for the use of land_________. (SELDOM)
-
________is the study of the economy as a whole. (MICROECONOMICS)
-
Business can improve productivity by investing in _______machines and other equipment. (OLD)
-
________ workers perform their tasks more efficiently. (POORLY EDUCATED)
-
Average price level will _______ next month. (RISE)
-
_______ are goods and services sold to foreign buyers. (IMPORTS)
Exercise 6. Form nouns or adjectives from verbs listed below using the suffixes
-ment, -able. Translate words you have got.