Card 14

1 Speak on marketing mix. Take into consideration the following points:

• product

• price

• distribution

• promotion

Suggest ways of creating an effective marketing mix

2 Discuss the kind of situation with your partner.

FIR, Department of ESP, International Economic Relations, 2011/12 AY

Card 19

1 Speak on the necessity of having a budget policy. Take into consideration the following points:

*the main purposes of the Financial Statement

*the main items of the government budget(expenditure on goods and services, transfer payments, debt interest)

*total current receipts as sources of revenue

Suggest ways of avoiding budget deficit.

2 Discuss the situation with your partner.

FIR, Department of ESP, International Economic Relations, 2011/12 AY

Card 20

1 Speak on the government’s budget deficit. Take into consideration the following points:

*budget balance

*budget surplus

*active and passive budget deficit

*deficit and debt

Analyze the impact of the national debt on the well being of current and future generations.

2 Discuss the situation with your partner

FIR, Department of ESP, International Economic Relations, 2011/12 AY

Card 21

1 Speak why monopoly’s profit increases as output rises initially, but eventually decreases as output is too big. Take into consideration the following points:

*definition of a monopoly

*barriers to entry(legal and natural)

Suggest ways of reducing the harmful effects of monopoly

2 Discuss the kind of situation with your partner.

FIR, Department of ESP, International Economic Relations, 2011/12 AY

Card 22

1 Speak on monopolistic competition and oligopoly. Take into consideration the following points:

*a small number of firms in oligopoly

*price leadership

*firms engage in collusion

State how oligopoly differs from perfect competition

2 Discuss the kind of situation with your partner

FIR, Department of ESP, International Economic Relations, 2011/12 AY

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Card23

1 Speak on competition and productivity. Take into consideration the following points:

*reasons for price changes for firms making similar products

*different materials or production method

* an idea of high wages and low production cost

*ways for improving competitive position

Suggest ways for raising productivity.

2 Discuss the kind of situation with your partner.

FIR, Department of ESP, International Economic Relations, 2011/12 AY

Card 24

1Speak on economic structure of the economic system. Take into consideration the following points:

*three sectors of the economic system

*the development of the British economy

*the reverse of the nationalization process

*the service industries expanded contrary to the secondary sector

Suggest ways improving the economic structure

2 Discuss the kind of situation with your partner.

FIR, Department of ESP, International Economic Relations, 2011/12 AY

Card25

1Speak on what a market economy is. Take into consideration the following points

:*the definition of the market economy

*the crusial characteristic of the market

* two important cases of market failure

Suggest ways to improve market functioning