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

2 Discuss the kind of situation with your partner

 

 

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

 

Card 26

1Speak on the functions, that government performs in a market economy. Take into consideration the following points:

*government’s economic functions(to promote efficiency, to promote equity, to foster macroeconomic growth and stability

*major criticisms of the market system

Suggest ways improving government regulation of market system

2 Discuss the kind of situation with your partner.

 

 

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

 

Card27

1Speak on the difference between “economy and “economics”. Take into consideration the following points:

*what the economic system is

*the definition of economics

*microeconomics and macroeconomics

*positive and normative economics

Suggest ways improving effectiveness of our country’s economy

2 Discuss the kind of situation with your partner.

 

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

 

Card28

1 Speak on economic science. Analyze some definitions of “economics”. Take into consideration the following points:

*some definitions are too general, too specific or not actual

Suggest the definition which can be generally accepted.

2 Discuss the situation with your partner.