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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 .
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.
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