- •Business English
- •Unit 1 Being an economist
- •1. Reading. Read the article and find the following:
- •Working in a foreign country
- •2. Read the article again. Are these statements true or false?
- •3. Speaking. Do you like the idea of working in a different country as part of your job? What countries do you think are interesting to work in?
- •4. Complete the table with a country or nationality. 1-5 are from the article. Use a dictionary to help you with 6-12.
- •8 (1). Listening. Listen to the conversation and answer the questions.
- •9. Speaking. Use the information from the table. Introduce yourself to your partner and ask questions.
- •11. Read the text and explain the words in bold. What is Economics?
- •Unit 2 Money
- •3 (2). Listening. Listen and complete the information.
- •4. Reading. Read the article and answer the question:
- •The Business of Giving
- •5. Read the article again and answer the questions.
- •11. Speaking. How much do the items in the table cost in your country? Is the cost of living high in your country? Where is the cost of living low?
- •12. Read the text and explain the words in bold. Money
- •Vocabulary
- •Unit 3 Economy
- •2. Reading. Read the article below. Write t (true) or f (false) under “What the article says” in the previous exercise.
- •An Economy
- •Vocabulary
- •8. Give Russian equivalents:
- •9. Choose words from the list to fill in the gaps, then use them to make sentences:
- •10. Answer the questions:
- •11. Make notes under the following headings:
- •Unit 4 Company
- •1 (5). Listening. Listen and practice.
- •2. Translate the following words.
- •3. Put places above in the correct group. Add more for each sector.
- •4. Reading. Read the article. Which of the following best describes the subject of the article?
- •Look east
- •5. Are these statements true or false?
- •6. Match the numbers 1-6 with the information they describe a-f.
- •7. Speaking. Think of three more luxury goods companies. What products do they make and sell? Are they family or multinational companies?
- •8. Word families. Complete the table.
- •9. Complete the sentences with the correct word in italics.
- •10. Complete the text with the correct word from the table above. There may be more than one possible answer.
- •11(6). Listening. Sam and Alex work for the training company. Listen to their telephone conversation and answer the questions.
- •12. Company information.
- •13 (7). Listening. Listen to Miles Norton answering questions about his company. Find suitable answers to the questions in exercise 12.
- •14. Work with a partner. Ask questions about his/her company.
- •15. Read the text. Planned Economy
- •Unit 5 Company history
- •Ford of Britain
- •4. What do these numbers from the text refer to?
- •5. Complete these sentences.
- •6. Reading. Read this history of Dr. Martens Shoes. The writer uses present tense to make the summary seem ‘alive’. Change the verbs into past tense while reading.
- •Dr. Martens
- •7(10). Listening. Faith Walker talks about her first pair of Dr. Martens (dMs). Listen, fill in the gaps and then answer the questions.
- •8. Speaking. Speak on the history of the company you know.
- •9. Read the text and explain the words in bold. Market Economy
- •Vocabulary
- •10. Give Russian equivalents:
- •11. Choose words from the list to fill in the gaps, then use them to make sentences:
- •Unit 6 Company structure (a) Jobs
- •4. Reading. Read the text about the French company Perrier Vittel and fill in the gaps. Use the words in the box.
- •Perrier Vittel
- •5. Look at the organization chart. Use the information from the text above to complete the missing information. The first is done for you. Give the summary of the text.
- •6. Read the text and explain the words in bold. Mixed Economy
- •Unit 7 Company structure (b) Departments
- •2. Where do these people usually work?
- •3 (12). Listening. At a budget meeting four managers talk about their departments. Listen and complete the table below.
- •4. Listen again and complete these sentences.
- •5. Speaking. Think about your department or the department you’d like to work in. Draw an organization chart. Use the phrases from the box below to give a short presentation about your department.
- •6. Read the text and explain the words in bold. A Market
- •Unit 8 Business travel
- •2. Discuss the questions.
- •3. Match the words with the correct picture.
- •4. Complete the sentences with some of the words above.
- •6. Complete the headings in the text with the words in the exercise above. Results from a survey: Business travel is boring!
- •7. Match the words in bold in the text above to these definitions.
- •8. Discuss these questions.
- •9 (14). Listening. Listen to the conversation at the check-in desk and look at the departure board. What is the flight number and destination?
- •10. Listen again. Complete the conversation and check. Reproduce it with your partner.
- •11 (15). Listening. Listen to Colin Knapp talking about travelling to the Far East and answer the questions.
- •12. Discuss these questions.
- •13. Speaking. Speak on the transport you prefer for business and pleasure travelling. Give examples of advantages and disadvantages of different means of transport.
- •14. Read the text and explain the words in bold. Financial Market
- •Vocabulary
- •15. Give Russian equivalents:
- •16. Choose words from the list to fill in the gaps, then use them to make sentences:
- •17. Answer the questions:
- •18. Use words/phrases from the list to help you retell the text:
- •Supplementary reading The Economy of Great Britain
- •The Economy of Germany
- •The Economy of France
- •The Economy of Spain
- •The Economy of Italy
- •The Economy of the Netherlands
- •Contents
7. Match the words in bold in the text above to these definitions.
1. Show your ticket and passport here and get your boarding card check-in.
2. Get on the plane here _______.
3. Show your passport here ________.
4. Two types of ticket _________, ________.
5. Pack this and carry it onto the plane _____.
6. Pack these and check them in _________.
7. Building where you arrive and leave ____.
8. Lines of people ________.
9. When the plane doesn’t go ________.
10. Two places to sit on the plane _____, ______.
8. Discuss these questions.
1. What type of ticket or seat do you usually buy?
2. What was your worst journey? Give reasons (delays, queues, etc.).
9 (14). Listening. Listen to the conversation at the check-in desk and look at the departure board. What is the flight number and destination?
Destination
Flight
Time
Gate
London
BA 227
0615
49b
Lima
BA 655
0635
45
Hong Kong
BA 335
0655
49
10. Listen again. Complete the conversation and check. Reproduce it with your partner.
A. Hello, is the _________for all BA flights?
B. Yes, it is. Do you have your passport and ticket?
A. Here you are.
B. And how many __________ are you checking in today?
A. None. I just have ____________.
B. OK. Would you like a _________ or an _________?
A. Err, aisle, please.
B. OK. So, your flight leaves from gate _______ at ________, but boarding starts half an hour before. You are in ______ 5 C.
A. Thanks.
11 (15). Listening. Listen to Colin Knapp talking about travelling to the Far East and answer the questions.
1. How often does Colin travel on business?
2. Which country does he visit regularly?
3. How long is the flight?
4. What two things does he do during the flight?
5. Does he suffer from jet lag?
6. Is jet lag different travelling west-east and east-west?
7. Why does he travel to the Far East instead of doing business by telephone or fax?
8. What example of the culture gap does he give?
9. What three tips does he give for visiting this country for the first time?
12. Discuss these questions.
1. Do you like or dislike flying (travelling by train, bus)?
2. What do you usually do while travelling by plane (bus, train, etc.)?
3. What do you know about jet lag?
4. Have you ever experienced cultural differences while travelling?
13. Speaking. Speak on the transport you prefer for business and pleasure travelling. Give examples of advantages and disadvantages of different means of transport.
14. Read the text and explain the words in bold. Financial Market
In economics, a financial market is a mechanism that allows people to easily buy and sell (trade) financial securities (such as stocks and bonds), commodities (such as precious metals or agricultural goods), and other items of value at low transaction costs.
Financial markets facilitate:
The raising of capital (in the capital markets)
The transfer of risk (in the derivatives markets)
International trade (in the currency markets)
The financial markets can be divided into different subtypes:
Capital markets which consist of:
Stock markets, which provide financing through the issuance of shares or common stock, and enable the subsequent trading thereof.
Bond markets, which provide financing through the issuance of bonds, and enable the subsequent trading thereof.
Commodity markets, which facilitate the trading of commodities.
Money markets, which provide short term debt financing and investment.
Derivatives markets, which provide instruments for the management of financial risk.
Futures markets, which provide standardized forward contracts for trading products at some future date.
Insurance markets, which facilitate the redistribution of various risks.
Foreign exchange markets, which facilitate the trading of foreign exchange.
The capital markets consist of primary markets and secondary markets. Newly formed (issued) securities are bought or sold in primary markets. Secondary markets allow investors to sell securities that they hold or buy existing securities.
Without financial markets, borrowers would have difficulty finding lenders themselves. Intermediaries such as banks help in this process. Banks take deposits from those who have money to save. Banks popularly lend money in the form of loans and mortgages.
Many borrowers have difficulty raising money locally. They need to borrow internationally with the aid of Foreign exchange markets.
In finance, the money market is the global financial market for short-term borrowing and lending. It provides short-term liquidity funding for the global financial system. The money market is where short-term obligations such as Treasury bills, commercial paper and bankers' acceptances are bought and sold.
The money market consists of financial institutions and dealers in money or credit who wish to either borrow or lend. Participants borrow and lend for short periods of time, typically up to thirteen months. Money market trades in short-term financial instruments commonly called "paper." This contrasts with the capital market for longer-term funding, which is supplied by bonds and equities.
The core of the money market consists of banks borrowing and lending to each other, using commercial paper, repurchase agreements and similar instruments.