Economy (the system according to which the money, industry, and trade of a country or region are organized.)

ФМБК

LEXICAL MINIMUM

2^nd year 3^rd term

ECONOMICS

KEY NOTIONS

Economy (the system according to which the money, industry, and trade of a country or region are organized.)

Economics (the branch of knowledge concerned with the production, consumption, and transfer of wealth)

Capital (a valuable resource of a particular kind)

Supply and demand (the amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price)

GDP (the total value of goods and services produced within a country in a year. `gross domestic product'.)

GNP (the total value of all final goods and services produced annually by a nation) Scarcity (the state of being scarce or in short supply; shortage)

Human / material resources (the personnel of a business or organization, regarded as a significant asset in terms of skills and abilities/)

Equilibrium (a situation in which supply and demand are matched and prices stable)

Opportunity costs (the loss of potential gain from other alternatives when one alternative is chosen)

Invisible hand

Macroeconomics

Microeconomics

WORDS WORD-COMBINATIONS

Fluctuate(['flʌkʧueɪt ], [-tju-]/ быть неустойчивым, меняться; колебаться; колыхаться) remain stable

dimension economic issues

scarcity social standing

imply economic reasoning

abundant state of the economy

idle commonly-agreed upon goals

volatile (непостоянный, изменчивый; неуловимый, переменный) future returns

allocate standard of living

(un)certainty available resources

Inputs(затраты (на производство)) privileged few

Output(продукция; выпуск изделий) ‘man-made’ goods

labour capital goods

rent absorb the losses

entrepreneurshsip to waste resources

preserve economic rewards

harness (инвентарь, снаряжение) laissez-faire

(semi)official succeeding generations

self-adjusting well-worn truths

confirm factual evidence(фактическое доказательство)

treatise(научный труд; курс (учебник)) dominate macro policy

rivalry pure competition

oligopoly substitute products

assets(актив(ы); средства; имущество; фонды; капитал; ресурсы) two consecutive quarters

intensity (un)employment rate

downturn capacity utilization rate

upturn sustainable rate

actual aggregate economy (output)

target domestic product

trough(самый низкий уровень экономической активности) most-used economic measure

exceed monetary value

the totals(итоги Syn: results, output, amount) shadow economy

policymakers net international trade(чистый объем торговли)

misleading total amount

curve bartering goods

emerge(вставать, возникать (о вопросе)) subject matter

long-term pursue interest

short-term enforce / enact law

expound(объяснять, пояснять, интерпретировать, разъяснять, толковать) encourage growth monitor the performance

PREPOSITIONS

Refer to at a given price

Allocate within an industry charge a price for goods

Derive from point along the curve

Be blessed with (with the same quality…) vary inversely / directly with the price

Quest for profit supply of

Interfere with demand for

Views on public policy lead to

Cast a mold for barriers to the competition

Leave the imprint on exert some control over

For this reason concentrate / focus on

At the secular (long-term) rate come out of the trough

Go into a contraction (expansion) contribute to

Go under the name add to / up

Compare to / with opposite to

Дата добавления: 2015-11-04