- •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
Vocabulary
securities – ценные бумаги
issuance of share – выпуск акций
subsequent – последующий
thereof – этого; того
lender – заимодавец, кредитор
intermediary - посредник
loan – заём, ссуда
mortgage – ипотека; заклад, закладная
to fund – вкладывать капитал в ценные
бумаги
Treasury bill – казначейский вексель
bankers’ acceptance – банковский акцепт
equities – акции без фиксированного
дивиденда
15. Give Russian equivalents:
stocks, bonds, derivatives markets, redistribution, repurchase, obligation.
16. Choose words from the list to fill in the gaps, then use them to make sentences:
financial, foreign, money, short-term, commercial, subsequent
1. _____ exchange |
4. _____ paper |
2. _____ obligations |
5. _____securities |
3. _____ trading |
6. _____ market |
17. Answer the questions:
1. What is a financial market?
2. What do financial markets facilitate?
3. What are the subtypes of financial markets?
4. What types do capital markets consist of?
5. What do money/derivatives/futures markets provide?
6. What do commodity/insurance/foreign exchange markets facilitate?
7. What is the difference between primary and secondary markets?
8. What’s banks’ role in financial markets?
8. What does a money market provide?
9. What is the difference between money markets and capital markets?
10. What does the core of the money market consist of?
18. Use words/phrases from the list to help you retell the text:
financial securities, commodities, facilitate, capital markets, issuance of shares, subsequent trading, trading of commodities, debt financing, financial risk, futures markets, redistribution, foreign exchange, primary markets, secondary markets, intermediaries, loans and mortgages, short-term borrowing and lending, commercial paper
Supplementary reading The Economy of Great Britain
People in countries outside the British Isles often call the inhabitants of the United Kingdom English. This is incorrect, for there are at least four main nationalities, the English, the Scots, the Welsh and the Irish. These four nationalities each have their own language and culture.
Great Britain is one of the world’s leading industrialized nations. It has achieved this position despite the lack of most raw materials needed for industry. It must also import 40% of its food supplies. Thus, its prosperity has been dependent upon the export of manufactured goods in exchange for raw materials and foodstuffs. Within the manufacturing sector, the largest industries include machine tools; electric power, automation, and railroad equipment; metals; chemicals; coal; petroleum; paper and printing; food processing; textiles; and clothing.
The economy is based largely on private enterprises but has some major publicly owned industries (notably coal, steel, gas, electricity and railways) and a few joint enterprises. The Government is reducing the size of the public sector, returning the parts of the steel, transport, telecommunications and aerospace industries, for example, to private enterprise.
The working population is just over 26 million (in a total population of 56 million) of which 7% are self-employed. Just under 40% are women. Unemployment has risen to around 3 million. Britain exports over 30% of its GDP. Machinery and transport equipment account for about one-third of export while finished manufactures comprise over one-third of imports. A recent trend has been the large fall in oil imports and the emergence of a significant export trade.
Earnings from invisible export, including financial and other services, are about half as much as those from visible exports. The Government aims to defeat inflation through firm fiscal and monetary policies, increasing competition, reducing the rise in public expenditure and restoring incentives to industry, particularly small businesses.