Questions to Unit 1

1. What is economics?

2. Where did the term come from and what did it mean at first?

3. What does the science use to understand the economic problems?

4. What rules should be followed to make a model of economic behavior?

5. What is the modern definition of economics?

6. What scientists do you know who investigated different aspects of economics?

7. What is scarcity?

8. What is macroeconomics?

9. What aspect does it focuses on?

10. What is microeconomics?

Imagine you are asked to present the main issues of economics to 12-14 year old pupils. They are far away from economics and your words should help them to choose the profession of specialist on finance. What will you tell them about this subject to motive them to start to learn it? Make a presentation showing the most attractive aspects of this science. Work in a group 3-4 students.