Economics today
Today the giants of modern economics keep one eye on economic analysis and the other upon the policy implications of their theoretical studies. Economists of the late twentieth century study government budget deficit, the money supply, the environment, and poverty not only because they are interested in economic behavior. They also look for ways that the government can promote economic efficiency. Modern economists are far from consensus. Economists are divided between the conflicting schools of thought of monetarism and Keynesianism as to the extent to which governments can influence economies. Contemporary problems in economics center upon the control of inflation, unemployment, and the balance of payments, as well as the stimulation of economic growth.
Key words:
assumption аксиома, допущение аксиомалар, тахмин
other things being equal при прочих равных условиях бошка нарсалар тенгдир
micro- and macroeconomics микро- и макроэкономика иктисодиёт
management менеджмент бошкариш
marketing маркетинг маркетинг
finance финансы и денежное обращение молия ва пул айланмаси
accounting бухгалтерский учет бухгалтерия хисоби
logistics логистика логистика
research and development НИОКР илмий тадкикотлар ва ишлаб чикиш ишлари
After studying this module, you should be able to answer the following questions:
1. Which of the neoclassical economists discovered how to analyze the economy as a whole in the general equilibrium?
2. What issues lay the foundation for the dividing line between Keynesians and monetarists?
EXERCISES: I. Insert: somewhere, anywhere, nowhere, everywhere.
1. I can't find my book .... I have looked all over the house. 2. Johnny lives ... near Chicago. 3. It so happened that he had ... to go to. So last summer he stayed at home in his beloved city for his holidays. 4. This book can be found .... Let's buy it. 5. Do you live ... near them? 6. Is it ... in Russia? — Yes, it's ... in Russia. 7. Where are you going? — I am not going ... . 8. I put my dictionary ... yesterday and now I can't find it ... . — Of course, that is because you leave your books ... . 9. You must go ... next summer. 10. Did you go ... on Sunday? 11. Let's go ... . The weather is fine. I don't want to stay at home in such weather. 12. I cannot find my glasses ... . I always put them ... and then look for them for hours. 13. Today is a holiday. The streets are full of people. There are flags, banners and flowers ....
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