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Exc. 1. Choose the right variant.




ENGLISH FOR THE ECONOMISTS

 

(Correspondence Department)

 

 

 

2009


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Contents

 

Basics of Economics. 6

Part I. 8

Text 1. Basics of Economics. 8

Text 2. What are microeconomics and macroeconomics?. 12

Text 3. Macroeconomics. 13

For the next session. 16

Part II. 24

Text 1. Modern World Economy. 24

Text 2. The Nations Economy. 26

For the next session. 28

Management 39

Vocabulary Exercises. 40

Part I. 42

Text 1. What is management?. 42

Text 2. What is a manager?. 43

Text 3. Managers. 44

Text 4. What Do Managers Do. 45

Text 5. Theory X and Theory Y.. 47

For the next session. 48

Part II. 52

Text 1. The Selection Board. 52

For the next session. 56

Finance and Credit 67

Part I. 67

Banks. 67

Vocabulary Exercises. 69

Text 1. The Financial System... 70

Text 2. The Stock Exchange. 72

For the next session. 74

Part II. 77

Money. 77

Vocabulary Exercises. 78

Text 1. Money. 80

Text 2. History of Money. 82

Text 3. The Functions of Money. 82

For the next session. 87

Accounting and Auditing. 94

Text 1. Accounting and Auditing. 95

Text 2. Accounting and Bookkeeping. 99

Text 3. The Double Entry System... 101

Text 4. The Balance Sheet 101

The Budget. Taxes. 103

Vocabulary Exercises. 104

Text 1. The Budget 105

Text 2. Taxes. 107

Information in Economics. 114

Text 1. Bill Gates and Microsoft Corporation. 115

 


 

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.. English for Economists

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Lilia Raitskaya, Stuart Cochrane Macmillan Guide to Economics

Simon Sweeney Management

Charles Mercer New Business Matters,

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Basics of Economics

Vocabulary

 

basic ,

to buy

be concerned with -., -.

business ,

capital goods ,

capital resources ,

choice

to choice

to make a choice

to consume

consumer

consumer goods

consumption

to define

definition

distribution

economic

economic forces

economical ,

economically ,

economics ( )

economist -

economy (, )

to economize

to employ

envisage

expenditure

goods

i ncome

to invest

to meet one′s wants

money

need

precisely

producer

product ,

production

to produce ,

to purchase ,

purchase ,

relationship ,

resource ,

resources

human resources ,

natural resources

scarce

science

service ,

tax

to use , ,

use , ,

wants

wealth

 

 

Vocabulary Exercises

Exc. 1. Choose the right variant.

1. I am a student of (economy, economics) now.

2. At school I didnt study the (economy, economics) of Great Britain.

3. I hope he will be a good (economist, economy).

4. There are many (economic, economical) problems in the world.

5. This car is very (economic, economical).

6. I try to spend money and time (economical, economically).

7. This car (economize, economy) fuel.

 





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