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Economic theories are constantly changing. Keynesian theory, with its emphasis on activist government policies to promote high employment, dominated economic policymaking in the early post-war period. But, starting in the late 1960s, troubling inflation and lagging productivity prodded economists to look for new solutions. From this search, new theories emerged:
Monetarism updates the Quantity Theory, the basis for macroeconomic analysis before Keynes. It reemphasizes the critical role of monetary growth in determining inflation.
Rational Expectations Theory provides a contemporary rationale for the pre-Keynesian tradition of limited government involvement in the economy. It argues that the market's ability to anticipate government policy actions limits their effectiveness.
Supply-side Economics recalls the Classical School's concern with economic growth as a fundamental prerequisite for improving society's material well-being. It emphasizes the need for incentives to save and invest if the nation's economy is to grow.
These theories and others will be debated and tested. Some will be accepted, some modified, and others rejected as we search to answer these basic economic questions: How do we decide what to produce with our limited resources? How do we ensure stable prices and full employment of resources? How do we provide a rising standard of living both for now and the future?
I. Read and translate the text. Find and write out necessary vocabulary.
II Make dialogues. Which economic theories do you share with great economists? Prove your answer.
III Prepare 10 questions to the text.
IV. Retell the text.
V. Write an essay about one of great economists.
Содержание
Введение-------------------------------------------------------------- 3
1 The family relationships ------------------------------------------ 4
2 What is Economics ------------------------------------------------ 6
3 Definitions of Economics --------------------------------------- 10
4 Careers in Economics-------------------------------------------- 12
5 Сustoms, traditions, political situation and economics of the Russian Federation; of the United Kingdom of Great Britain and Northern Ireland; of the United States of America-------- 16
6 How to find a job, Covering Letter and Curriculum Vitae-- 19
7 Banking systems of the Russian Federation; of the United Kingdom of Great Britain and Northern Ireland; of the United States of America.-------------------------------------------------- 27
8 Major Schools of Economic Theory--------------------------- 29
Учебно-инструктивное издание
(Учебное издание)
Деловой английский: учебное пособие для студентов
не языковых специальностей
Автор-составитель:
Соловьева Анастасия Андреевна
Редактор С.Ю. Родонова
Подписано в печать 03.10.2007
Формат 60х84 Объем 2,25п.л.
Тираж 300 экз. Заказ №___
Редакционно-издательский отдел
Ярославского государственного педагогического
университета им. К.Д. Ушинского (ЯГПУ)
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Отпечатано в типографии «Канцлер»
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