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 Managers
.. 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 , ,
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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.