VOCABULARY
Microeconomics
микроэкономика
микроекономика
Deals (with
иметь
дело
(
с кем- либо,
с чем-либо)
ня иляся, кимлясяиши
олмаг
Supply
поставки
, запас;
поставлять
чатдырма,
ялавя,чатдырма,
Interact
взаимодействовать
гаршылыглы фяалиййят
Subfield
зд.составляющая
отрасли
айры-айрысащяляр
Labor
труд
, рабочая сила,трудовые
ресурсы
ямяк, ишчи
гцввяси,
ямяк ресурслары
Cartel
Картель
сазиш, мцгавиля
Commodity
товар
, продукт, сырье
сянайе мящсулу
мал, ямтяя
Exchange
обмен
; обменивать(ся)
Farmland
обрабатываемыеземельные
угодья
колхоз
йерляринибежярмяк
Finance
финансы
; финансовый
малиййя
Scene
сцена
, место действия
сящня, фяалиййят
йери
Benefit
прибыль
, выгода;приносить
прибыль
, выгоду
эялир, мянфяят,
mənfəət gəlir
gətirmək
Tax
налог
; облагать налогом
верэи, верэи
гоймаг
Expenditure
расходы
, затраты
хяржляр,
мясряфляр
Applied
прикладной
тятбиги
Welfare
благосостояние
, богатство
рифащ, щал
Income
доход
эялир
Payroll
платежная
ведомость, список
гаимя, ишчинин
11
работающих
сийащысы
Acreage
площадь
земли в акраx,
посевная
площадь
акр иля торпаг
сащяси, якилян
сащя
Wages
Зарплата
ямяк щаггы
Satisfy
Удовлетворять
гане етмяк
Competitive
конкуретный
,
конкурентоспособный
рягабят
габилиййяти
olmaq
Demander
потребитель
истещлакчы
Taken as a
whole
взятый
целиком, полностью
там шякилдя
эютцрцлян
Foreign
exchange
обмен
валюты,
рынокиностранной
валюты
валйута базары
Costs and
benefits
издержки
и прибыль
хяржляр вя
мянфяят
Factors of
production
факторы
производства
истещсал амилляри
Tariff on
imports
тарифы
на импорт
мядахил, идхал
тарифляри
Supply price
цена
предложения
тяклиф олунан
гиймят
Demand price
цена
спроса
алыш гиймяти
Exercise 1. Answer the Questions:
1.What does microeconomics deal with?
2.What is labor economics based on?
3.What does international economics worry about?
4.
Who deals with the demand for and supply of foreign
exchange?
5.What factors of production does the agricultural
economics deal with?
6.What was traditionally public finance interested in?
7.What is public finance trying to analyze now?
8.What is applied welfare economics?
9.What lies at the root of everything in microeconomics?
12
Exercise 2. Бурахылмыш сюзляри мятндян тапыб йериня гойун:
Заполните
пробелы словами из текста:
1.
Microeconomics deals with the way supply and
demand _________ in
various markets.
2.
This type of analysis lies at the center of most of the
recognized ________ of economics.
3.
Labor economics is based largely on the __________
of the supply anddemand for labor of different types.
4.
The field of industrialorganization deals with the
different __________ by which goods and services are sold.
5.
International economics worries about the demand
and supply of individual traded ________.
6.
International economics ________ a country’s exports
and imports taken as a whole.
7.
Who deals with the demand for and supply of
____________ exchange?
8.
Agricultural economics worries about the demand and
supply of ________ products.
9.
What factors of production are __________ in
agriculture?
10.
Public finance looks at how the government ________
the scene.
Exercise 3. Мятндян эютцрцлмцш сюз вя ифадяляри тяржцмя един.
Дайте
перевод слов и выражений из текста.
1. поставки; 2. взаимодействовать; 3. личный; 4. то-
вар
; 5. импортировать; 6. налог; 7. расходы; 8. выгода;
9. список работающих; 10. удовлетворять; 11. издержки и
прибыль
; 12. потребитель; 13. профсоюз; 14. цена про-
давца
; 15. цена покупателя.
13
1.
чатдырма; 2. гаршылыглы фяалиййят; 3. шяхси; 4. ямтяя,
мал; 5. идхал етмяк; 6. верэи; 7. хярж; 8. мянфяят; 9. ишчилярин
сийащысы; 10. гане етмяк; 11. хяржляр вя эялирляр; 12.
истещлакчы; 13. щямкарлар иттифагы; 14. сатыш гиймяти; 15. алыш
гиймяти.
Exercise 4. Match the definitions of the words
1. interact
а
.list of people employed by a company
showing the amount of money to be paid
to each of them
2. monopoly
b.the act of spending or using money; an
amount of money spent
3.
involve
c.a list of fixed prices that are charged by a
company for a particular service
4.
expenditure d.if one thing interacts with another or two
things interact, then they have an effect on
each other
5. tariff
e.an act of giving smth to smb. or doing
smth for smb. and receiving smth in return
6. demander f. to make smb. take part in smth.
7. payroll
g. the complete control or use of smth;
a thing that belongs only to one person
8. exchange
h. a person who has needs for goods or
services
Exercise 5. Give the Russian and Azerbaijan equivalents of
the phrases
1.
to deal with supply and demand
2.
to recognize subfields of economics
3.
to worry about sth.
4.
public finance
5.
to analyze costs and benefits of sth.
14
6.
applied welfare economics
7.
taxes on commodities
8.
foreign exchange controls
9.
different forms of industrial organization
10.
various aspects of labor market behavior
11.
the monopoly power of labor unions
12.
to satisfy smb’s desire
Exercise 6. Цч вариантдан (а, б, ж) дцзэцн оланы сечин:
Из
трех вариантов продолжения предложения
(a, b, c ) выберите правильный:
1. Labor economics is based largely on the analysis of a)
public finance; b) the supply and demand for labor of different
types; c) foreign exchange controls.
2. Agricultural economics deals with a) the competitive
supply price; b) various aspects of labor market behavior; c)
factors of production involved in agriculture.
3. At the root of everything is a) supply and demand; b)
foreign exchange controls; c) this market process.
4. The competitive supply price represents a) value as
seen by demanders; b) the costs and benefits of different public
programs; c) value as seen by suppliers.
5. International economics worries about a) taxes on
commodities; b) public projects; c) a country’s exports and
imports taken as a whole.
Exercise 7. Жцмляляри Инэилис дилиня тяржцмя един
Переведите
предложения на Английский язык
1. Микроэкономика занимается проблемами предло-
жения
и спроса, а такжевопросами их взаимодействия на
различных
рынках.
15
2. Экономика труда основана в значительной степени
на
анализе предложения и спроса различных типов рабочей
силы
.
3. Международная экономика озабочена вопросами
предложения
и спроса всфере экспорта и импорта.
4. Экономика сельского хозяйства имеет дело с раз-
личными
факторами сельскохозяйственного производства.
5. Традиционно, интерес экономики государственных
финансов
лежал в сфере налогооблажения.
6. В основе всего лежит предложение и спрос.
7. Экономика сельского хозяйства занимается вопро-
сами
контроля заразмерами посевных площадей и Контро-
лем
ценообразования.
8.
Конкурентная цена поставщика представляет стои-
мость
так, как ее видит поставщик, конкурентная цена по-
купателя
представляет стоимость так, как ее видит покупатель.
***
1.
Микроигтисадиййат тяляб вя тяклиф проблемляри иля,
щямчинин мцхтялиф базарларда онларын гаршылыглы тясир мя-
сяляляри иля мяшьул олур.
2.
Ямяйин игтисадиййаты мцхтялиф нюв ишчи гцввясинин
тяляб вя тяклифинин мцяййян дяряжядя тящлилиня ясасланыр.
3.
Бейнялхалг игтисадиййат идхал вя ихраж сферасында
тяляб вя тяклиф мясяляляринин гайьысына галыр.
4.
Кянд тясяррцфаты игтисадиййатынын кянд тясяррц-
фатынын мцхтялиф истещсал амилляри иля ялагяси олур.
5.
Яняняви олараг, дювлят малиййясинин игтисади мара-
ьы верэигойулушу сферасынын ющдясиня дцшцр.
6.
Щяр шейин ясасында тяляб вя тяклиф дурур.
7.
Кянд тясяррцфатынын игтисадиййаты якин сащяляринин
юлчцсцня нязарят мясяоляляри вя гиймятямяляэялмяйя няза-
рятля мяшьул олур.
16
8.
Тядарцкчцнцн (мал эюндярянин) рягабят гиймяти
дяйяри тядарцкчцнцн эюрдцйц кими тягдим едир, алыжынын
рягабят гиймяти, дяйяри алыжынын эюрдцйц кими тягдим едир.
Exercise 8Translate the text
Businesspeople and business leaders
Businesspeople and entrepreneurs
A Businessman, businesswoman or businessperson is
someone who works in their own business or as a manager in
an organization.
As entrepreneur is someone who starts or founds or
establishes their own company. Someone who starts a company
is its founder. An entrepreneur may found a series of companies
or start-ups.
Entrepreneurial is used in a positive way to describe the
risk-taking people who do this, and their activities. Some
entrepreneurs leave the companies they found, perhaps going
onto found more companies. Others may stay to develop and
grow their business.
Leaders and leadership
A large company mainly owned by one person or family
is a business empire. Successful businesspeople, especially
heads of large organizations, are business leaders or, in
journalistic terms, captains of industry.
There is a lot of discussion about whether people like this
are born with leadership skills, or whether such skills can be
learned.
Magnates, moguls and tycoons
People in charge of big business empires may be referred
to, especially by journalists, as magnats,moguls or tycoons.
These words often occur in combinations such as these:
Media, press, shipping, oil magnate.
Movie, media, sipping mogul.
Property, software tycoon.
17
It is necessary to know for economists
1. Economics is the study of how people, individually
and collectively, allocate their limited resources to try to satisfy
their unlimited wants.
2. Scarcity occurs because human wants exceed the
production possible with our limited time and resources.
3. A good is any item or service that satisfies a human
want and, in so doing, adds to human happiness.
4. Production entails using technology to apply energy to
materials in ways that make the materials more valuable, or that
otherwise help satisfy human wants.
5. Labour resources are the physical and mental talents
that people can make
available for production.
6. Opportunity cost is the value of the best alternative
surrendered when a choice is made.
7.
Absolute prices are prices in terms of some monetary unit.
8. Relative prices are the prices of goods or resources in
terms of each other, and are computed by dividing their
absolute prices by one another.
9. Economic efficiency is achieved when we produce the
combination of outputs with the highest attainable total value,
given our limited resources.
10.
Inputs are resources used in the production process,
such as labour and raw or semifinished materials.
11.
Outputs are transformed materials; the results of
production.
12.
Demand is the quantity of a specific good that people
are willing and able to buy during a specific period, given the
choices available.
13.
Supply refers to the quantity of a specific good that
sellers will provide under alternative conditions during a given
period.
18
14.
Market equilibrium occurs at the price-quantity
combination where the quantities demanded and supplied are equal.
15.
A surplus is the excess of the quantity supplied over
quantity demanded when the price is above equilibrium.
16.
Gross Domestic Product (GDP) is the total market
value of goods and services produced within a country during
some period, usually one year.
17.
Gross National Product (GNP) is the value of all
output produced by resources owned by the citizens of a
country.
18.
Economic growth is a positive quantitative change in an
economic system; occurs when a society acquires greater produc-
tive capacity that can be used for consumption or investment.
19.
Capital is all physical improvements made to natural
resources that facilitate production, including buildings and all
machinery and equipment.
20.
Wealth is the value of the assets owned by an
individual or a group of individuals.
Jokes about Economics and Economists
1. An economist is an expert who will know tomorrow
why the things he predicted yesterday didn’t happen today.
2. A study of economics usually reveals that the best
time to buy anything is last year.
3. An economist is someone who sees something wor-
king in practice and asks whether it would work in principle.
4. How can you tell when an economist is lying? His lips
are moving.
5. A party of economists was climbing in the Alps. After
several hours they became hopelessly lost. One of them studied
the map for some time, turning it up and down, sighting on
distant landmarks, consulting his compass, and finally the sun.
Finally he said, “OK, see that big mountain over there?”
“Yes”, answered the others eagerly.
“Well, according to the map, we’re standing on top of it.”
19
LESSON 3
MARKETING
In modern terms, marketing is defined as the movement
of goods and services from manufacturer to consumer in order
to satisfy the customer and to achieve the company’s
objectives. It can be considered as dynamic field that involves a
wide variety of activities.
The ABC of marketing is the so-called marketing mix. It
includes four P’s: product, price, placement, and promotion.
Product (service) is often connected with development
of a new product or service, searching the potential markets,
and, finally, introduction it to the market. Target market
selection is the most important task for any firm. A target
market is a group of individuals who will probably buy the
product. That involves the development of a marketing
strategy
. A successful marketing mix depends on the
knowledge about consumers and their buying habits, gained
through market research as well as correct identification of the
target market.
Price is the most changeable element of all the four P’s.
Its definition is exchange of something of value for something
else. There are three pricing options the company may take:
above, with or below
the prices its competitor are charging. For
example, if the average price for blue jeans is $ 50, a company
that charges $ 50, has priced with the market , a company that
charges $ 47 has priced below the market, and a company that
charged $ 53 has priced above the market. Most companies
price with the market, selling their goods and services for
average prices established by major producers in the industry
known as price leaders.
Placement involves getting the product or service to the
customer. This takes place through thechannels of distribution.
A common channel of distribution is:
Manufacturer → wholesaler → retailer→customer.
20
Promotion includes all kinds of communication with
individuals, groups, or organizations to directly or indirectly
facilitate exchange by informing and persuading them to accept
an organization product or service. There are two major ways
promotion occurs: through personal selling, as in a store; and
through advertising, as in a newspaper. One should
distinguishadvertising campaign which can be developed by
personnel within the firm or in conjuctions with advertising
agencies, and publicity. That is the means of communication
transmitted through a mass media at no charge.
All marketing activities must be oriented toward
creating and sustaining satisfying exchanges. Both the buyer
and the seller must be satisfied. The first should be satisfied
with goods, services or ideas obtained in the exchange. The
seller should receive something of value, usually financial
reward. All marketing variables are highly interrelated.
Marketing helps companies generate profit, the
lifeblood of economy. About half of each concumer dollar is
spent on marketing activities.
VOCABULARY
Customer
клиент
müştəri
Consumer
потребитель
İ
stehlakçı
Objective
задача
, цель
tapşırıq
Marketing strategy
маркетинговаястратегия
bazar strategiyası
Marketing research
исследованиерынка
bazaar tədqiqatı
Option
Выбор
seçim
Competitor
конкурент
rəqib
Retailer
розничныйторговец
xırda ticarətçi
Advertising
реклама
(платная)
ödənişlireklam
Publicity
реклама
(бесплатная)
ödənişsizreklam
Satisfy
Удовлетворять
qaneetmək
Charge
назначатьцену
qiyməttəyin etmək
Determine
Определять
müəyyən etmək
Distinguish
Различать
fərqləndirmək
Take place
происходить
baş vermək
Persuade
убеждать
inandırmaq
21
Transmit
передавать
ötürmək
Target market
целевой
рынок
məqsədli, müəyyən
məqsəd üçün olan
bazar
Promotion
продвижение
товара
илиуслуги
mal və xidmətlərin
irəli çəkilməsi
Advertising
campaign
рекламная
кампания
reklam
kompaniyası
Communicate
передавать
информацию
məlumat ötürmək
Placement
размещение
yerləşdirmək
Exercise 1 Answer the Question
1. What is marketing?
2. What are the elements of marketi
3. What are three pricing options that a company may take?
4. What does placement involve?
5. What is the differece between advertising and publicity?
Exercise 2. Give the Azerbaijan and Russian equiva
lents of the phrases.
1. the movements of goods
2. from manufacturer to consumer
3. to satisfy the customer
4. to achieve the company’s objectives
5. to involve a wide variety of activities
6. to search the potential markets
7. to introduce product or service to the market
8. to depend on the knowledge about consumers
9. market research
10. changeableelement
11. price above the market
12. channels of distribution
13. advertising campaign
14. to transmit through a mass media
15. to spend on marketing activities
22
Exercise 3.Remember the explanations of the words in
English
Marketing mix
The combination of four P’s
Option
Choice
Objective
Goal
Competitor
Rival, opponent
Channel of distribution
The path goods take when moveng
from manufacturer to customer
Wholesaler
One who sells in large amounts to
retailers
Retailer
One who sells in small amounts to
customers
Promotion
Communication between buyer and
seller
Satisfy
Please
Charge
Set at a price
Price with the market
Charge an average price
Persuade
Convince
Take place
Occur, happen
Personal
Private,relating to an individual
Exercise 4. Choose the correct words
1. Identification / identify
A. Market analysts _______the target market for a
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