Professional English. Introduction to Economics.

Professional English. Introduction to Economics.

SPIS TREŚCI
Wstęp ................................................................................................................. 7
Basic terms ........................................................................................................ 9
1. Economy vs. economics ......................................................................... 11
2. The functions of a modern economy ...................................................... 13
3. Factors of production .............................................................................. 15
4. Wage vs. salary ....................................................................................... 16
5. Micro- vs. macroeconomics ................................................................... 18
6. Needs, wants and choices in economics ................................................. 22
7. Learning hint .......................................................................................... 24
8. Revision I ............................................................................................... 28
Supply and demand – mutual dependence ...................................................... 31
1. Demand .................................................................................................. 33
2. Law of demand ....................................................................................... 35
3. Description of graphs ............................................................................. 36
4. Factors causing changes in demand ........................................................ 38
5. Elasticity of demand ............................................................................... 40
6. Supply ..................................................................................................... 42
7. The law of supply ................................................................................... 44
8. Types of goods ....................................................................................... 44
Spis treści6
9. Elasticity of supply ................................................................................. 46
10. Market equilibrium ............................................................................... 51
11. Revision II ............................................................................................ 54
“Money is what money does” .......................................................................... 59
1. The history of money .............................................................................. 61
2. Kinds of money ...................................................................................... 64
3. The characteristics of money .................................................................. 65
4. The functions of money .......................................................................... 66
5. Inflation .................................................................................................. 68
6. Different kinds of inflation ..................................................................... 76
7. The causes of inflation ............................................................................ 77
8. The effects of inflation ........................................................................... 79
9. Inflation – prevention ............................................................................. 81
10. Revision III ........................................................................................... 87
Bibliografia ................................................................................