Урок 6. Circles and cycles of economic activity.
методическая разработка (11 класс) на тему

CIRCLES AND CYCLES OF ECONOMIC ACTIVITY

1. Read the text, give Russian names to the stages of business cycles.

Market economic system works in a circle, with each person or part of

the system dependent on all other persons or parts. Every person's spending becomes someone else's income.

Another characteristic of our economic system is the way it moves from

good times to bad times. This movement is called a business cycle. The fourstages of business cycle are prosperity, recession, depression and recovery.

– Prosperity is high point of a business cycle, also called a boom.

– Recession is a stage in a business cycle in which the economy is in the period of decline.

– Depression is the lowest point in a business cycle at which business is the worst.

– Recovery is the final stage in a business cycle during which business succeeds again.

Economic activity can be measured by gross national product, employment

inflation and productivity.

Gross national product is the total dollar (rouble) value of all the goods

and services produced by an economic system in one year.

Inflation is rising of price caused by increased spending.

Productivity is the amount of output produced per unit of input.

The cost of natural resources, capital resources and human resources effect productivity. There are two basic ways to increase productivity. First more goods and services can be produced with the same amount of resources.

_____________

Vocabulary:

to measure – измерять                circle - круг

cycle – цикл                                 to increase- увеличивать

value - ценность, стоимость      to decrease- уменьшать

2. Complete the sentences.

1. A period in which spending falls and unemployment rises is called_________ .

2. A stage during which people find job and begin to buy more products and services is called ______________ .

3. ____________ is a period when employment is high and businesses turn out goods and services as fast a they can.

4. ____________ is the point when business is bad and unemployment is high.

3. Distribute the verbs by their meanings into two categories.

Increase, decrease, go down, reduce, go up, fall, lower, rise, argument.