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Texts and exercises .......66

1. Introducing economics...67

2. The Government and Market Systems....70

3. How Markets Work....73

4. Demand and Supply...75

5. Inflation and Deflation..77

6. Market Leaders, Challengers and Followers..80

7. Company Finance, Ownership and Management...82

8. Bonds....84

9. Futures, Options and Swaps..87

10. Buyouts..90

11. Principles of Taxation..92

12. Types of Taxes..95

13. Foreign Direct Investment..98

14. Accounting and Bookkeeping...100

15. Accounting and Financial Nationalments.103

16. Types of Financial Nationalments.105

17. Current Account and Capital Account.107

18. Auditing...109

19. Marketing.111

20. The Centrality of Marketing.....114

21. Advertising..117

22. The Business Cycle120

23. The Business Cycle and Government Intervention123

24. Macroeconomics.126

25. Money..129

26. Money and Banks132

27. Banking and Financial Services in Great Britain..135

28. Management.138

29. International Business140

30. International Trade.143

31. International Trade. Specialization among Nations..146

32. Protectionism and Free Trade...149

33. International Organizations and Free Trade...152

34. Free Trade and Developing Countries.155

35. Economics and Ecology.157

˲

CLICHÉS FOR ANNOTATIONS AND abstracts ..159

² ............................177

1. (THE ARTICLE).........................178

2. (THE NOUN)..178

3. (THE ADJECTIVE)...180

4. AS...AS, NOT SO...AS, THAN Ͳ Ͳ в ʲ…...181

5. ˲ (THE NUMERAL).....181

6. (the PRONOUN)...182

7. IJ (THE VERB)184

Ͳ

(the INDEFINITE TENSE, ACTIVE AND PASSIVE VOICE)...191

Ͳ

(the CONTINUOUS TENSE, ACTIVE AND PASSIVE VOICE)...196

Ͳ

(the PERFECT TENSE, ACTIVE AND PASSIVE VOICE).......200

-

(the PERFECT CONTINUOUS TENSE).........204

8. IJ

(THE PARTICIPLE).......206

9. ԲͲ

(THE INFINITIVE)..211

10. Ͳ IJ

(MODAL VERBS)..214

11. ˲ ˲ Ͳ. ²Ͳ (word order. AFFIRMATIVE SENTENCES).......219

12. Ͳ (INTERROGATIVE SENTENCES)...220

13. Ѳ Ͳ

(sequences of tenses)....221

14. ²

(asyndetic affirmative sentences) .222

15. Ͳ (CONDITIONAL SENTENCES)...222

Ͳ

Grammar exercises .226

I. Active Voice227

II. Passive Voice..236

III. 䳺..............................................................................238

IV. ԲͲ...........................................................................246

V. IJ.......................................................................................253

VI. ............................................................................262

VII. -̲ȅ..............................................................................263

VIII. ...............................................................263

IX. ......................................................................................265

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