- •Л. А. Фадеева
- •Н. Г. Маковская
- •The more we know, the better
- •Useful Topics and Texts for those who Study Economics
- •Ф 15 The more we know, the better (Useful Topics and Texts for those who Study Economics) / л. А. Фадеева, н. Г. Маковская. – Минск: Частн. Ин-т упр. И предпр., 2009. – 59 с.
- •Предисловие
- •Why We Study Foreign Languages
- •Text a. Why We Study Foreign Languages
- •Text b. The Main Differences of American and British English
- •State Systems of Great Britain and the Republic of Belarus
- •Text a. State System of Great Britain
- •Text a. State system of the Republic of Belarus
- •Text b. Monarchy in Britain
- •Economy and Economists
- •Text a. Economics and Economists
- •Text в. Famous Economists of the World
- •The Economies of Great Britain and the Republic of Belarus
- •Text a. The Economy of Great Britain
- •Text b. The Economy of the Republic of Belarus
- •Small Business
- •Text a. Small Business
- •Text b. Small Business Administration
- •Banking
- •Text a. Banking
- •Text b: Belarusbank
- •Job Hunting. People and their Jobs
- •Text a. Job Hunting
- •Texts b. People and their Jobs
- •Appendix
- •Литература
- •Фадеева Людмила Александровна,
- •Маковская Наталья Генриховна
- •The more we know, the better
- •Useful Topics and Texts for those who Study Economics
- •220086, Минск, ул. Славинского, 1, корп. 3.
Text b. Monarchy in Britain
Read and translate the text.
Great Britain is a monarchy and the head of State is a monarch. Nowadays Queen Elizabeth ІІ is on the throne. Her power is hereditary14 and limited by Parliament.
In practice the Monarch has no actual power: they say the Monarch reigns15 but does not rule16.
All the affairs of the state are conducted17 in the name of the Queen, but really the Prime Minister is responsible for every measure submitted18 to Parliament.
The Queen summons, prorogues and dissolves Parliament19. Normally she opens each session with a speech from the throne outlining the Government’s program. It is her duty to make appointments to all important state offices20 , including those of judges21, officers in the armed forces, diplomats. The Queen has the power to conclude treaties, to declare war and make peace.
Queen Elizabeth ІІ came to the throne in 1952 after the death of her father, King George VІ. The Queen’s heir22 is her elder son Charles, Prince of Wales.
The Royal family is the principal aristocratic house in Britain, closely connected with other members of the hereditary aristocracy and with big finance interest. The Queen is known to be among the wealthiest23 women in the world.
Exercise I. Discuss in groups or with your partner. Let one student make a conclusion on the discussion.
How can you compare the state systems of Great Britain and the Republic of Belarus? What are their similarities and differences?
UNIT 3
Economy and Economists
Vocabulary study
economics [ֽi:kə´nɔmɪks] – экономика (наука).
economy [i:´kɔnəmɪ] – экономика (народное хозяйство).
economist [i:´kɔnəmɪst] – экономист.
economical – экономичный.
economize [i:´kɔnəmaɪz] – экономить.
wealth [welθ] – благосостояние, богатство.
definition [ֽdefɪ´nɪʃən] – определение.
vague [veɪg] – неопределенный.
scarcity [´skɛəsɪtɪ] – нехватка, недостаток.
scarce [skɛəs] – скудный, недостаточный.
resources [rɪˈsɔ:sız] – ресурсы.
to evaluate [ɪˈvæljueɪt] – оценивать.
choice [tʃɔɪs] – выбор, альтернатива.
vital [´vaɪtl]] – существенный.
to produce [prɔ´dju:s] – производить.
to distribute [dɪs´trɪbju:t] – распределять, продавать.
to increase [ɪn´kri:s] – увеличивать.
welfare [´welfɛə] – благосостояние, благополучие.
well – being [ֽwel´bi:ıŋ] – благополучие.
distribution [ֽdɪstrɪˈbju:ʃən] – распространение (продажа).
income [´ɪnkʌm] – доход.
executive [ɪg´zekjutɪv] – должностное лицо.
to make decisions [dɪ´sɪʒәnz] – принимать решения.
to run a business [bɪznes] – руководить фирмой.
to graduate [´grædjueɪt] – заканчивать высшее учебное заведение.
certified economists [´sә:tɪfaɪd i:´kɔnәmɪsts] – дипломированные экономисты.
accountant [ә´kauntәnt] – бухгалтер.
auditor [´ɔ:dɪtə] – аудитор, ревизор.
to benefit [´benɪfɪt] – получать преимущества.
Exercise I. Read the following international words and guess their meaning. Ming the stress.
´human, race, ´nations, ´publish, ´microֽeco´nomics, ֽinter´national, eֽcono´metrics, i´dea, ´limited, re´sources, ֽcharacte´ristics, in´gredient, ´problem, ´social, a´nalysis, ´industry, ´budget, ´aspect, in´flation.
Exercise II. Read and translate the sentences, mind the use of the words economy, economics, economic, economical, economize.
An economy of a country is the organization of its industry and commerce.
The economy of Great Britain is based on production of finished goods and services.
We must recycle glass and paper for reasons of economy.
We have to economize because we are going to buy a new car.
Economics is the scientific study of a society money, industry and trade.
She studied economics at Harvard University.
Economic growth leads to the improvement of people’s life.
I have a small car because it is more economical to drive.
Exercise III. Complete the sentences with the words from the box below:
economize, economical, economy, economics, economic.
1. He studied … at the London Business School.
2. What is the … situation in Belarus now?
3. Many countries tried to … fuel in the 1970s.
4. The electric car is more … in its use of energy than an ordinary car.
5. Economists think that inflation restricts … growth.
6. The … of developing countries depends greatly on the prices for gas and oil.
Text Study