- •Анотація
- •Робоча програма іноземної мови за професійним спрямуванням для спеціальності „Економіка і підприємництво"
- •II курс
- •Term IV
- •1. Answer the questions:
- •2. The phrases below will help you to read and to translate the text “Inflation”:
- •3. Read and translate the text “Inflation”:
- •4. Answer the following questions:
- •5. Suggest the Ukrainian equivalents.
- •6. Match the terms with their definitions:
- •7. Replace the parts in italics by synonyms.
- •8. Test yourself. "Economic Indicators." Mark the following sentences as True or False. If they are false, explain why.
- •10. Make a short summary about types of inflation from the above text.
- •1. Answer the following questions:
- •2. Memorize the following words and phrases:
- •3. Read the text and answer the questions after it: finance and financial system
- •4. Answer the following questions:
- •5. Match the verbs from a with the nouns from в below:
- •6. Who's Who in Finance? Match each job title on the left with the correct definition on the right (a-j)
- •7. The World's Major Financial Centre. Supply the text with the articles where necessary. Write down 3-5 questions about the text.
- •8. Choose the best word to complete the text. Reread the text and say what you know about the budget process in Ukraine.
- •9. Give extensive answers to these discussion questions:
- •10. In order to get prepared for participation in the class discussion of these questions, write several paragraphs on the following:
- •1. Answer the following questions:
- •2. Train the following words and phrases before you read the text “Financial Institutions”
- •3. Read and translate the text: financial institutions
- •4. Answer the following questions:
- •5. What's What in Finance? Match each word on the left with the correct definition on the right (a-o)
- •6. Finance I. Choose the best alternative from the box below to complete the sentences.
- •7. Finance II. Choose from the words in the box to complete the definitions.
- •8. Finance III. Match the number of each speech (1-10) with the correct description (a—j).
- •9. Costs. Match the terms and definitions.
- •10. Takeovers and Merges. Match the terms and definitions.
- •11. Write a short summary of the text "Financial Institutions".
- •1. Answer the questions:
- •2. Train the following words and phrases before you read the text “Money Market”
- •3. Read and translate the text: the money market
- •8. Find in the text English equivalents for the following.
- •9. Translate into English.
- •11. Markets. Choose correct term to match the definitions below.
- •12. Choose the correct answer.
- •13. Write a short summary about money markets.
- •1. Discuss in what way politics can affect market fluctuations in your country
- •2. Train the following words and phrases before you read the text “Exchanges”
- •3. Read and translate the text exchanges
- •4. Answer the following questions:
- •5. How would you explain the following jobs to a six-year-old child?
- •6. Find pairs of opposites in the list.
- •7. Match the words in the box with the correct definitions.
- •8. Choose the best alternative to complete the text.
- •3. Read and translate the text:
- •Extra facts
- •4. Answer the following questions:
- •5. “Rates” Translate the following:
- •6. Choose the words and word combinations on the right which have the same meaning as the ones on the left.
- •7. Words you may need
- •The London Stock Exchange.
- •Open the brackets putting the verbs in the correct form.
- •Describe the changes on the London Stock Exchange brought about by Big Bang.
- •8. Using the words in brackets as a guide, explain the meaning of the following terms:
- •9. Match expressions listed in column a with the synonymous ones from column b.
- •Перелік навчально-методичної літератури
10. Make a short summary about types of inflation from the above text.
________________________________Unit 9______________________________________
1. Answer the following questions:
What do you know about budget formulation in our country?
If you were the Prime Minister, how would you spend the budget resources?
2. Memorize the following words and phrases:
provision – забезпечення ensuing - наступний, майбутній
entity – організація fiscal year - фінансовий рік
allocation - розміщення, розподіл recurrent expenditure - поточні витрати
national revenue - національний дохід capital expenditure - капітальні витрати
estimate - оцінка, кошторис, калькуляція to compile - складати
3. Read the text and answer the questions after it: finance and financial system
Finance is the provision of money at the time when it is needed. It is a system of monetary relations leading to formation, distribution and use of money in the process of its turnover between economic entities.
The financial system is the network of institutions through which firms, households and units of government get the funds they need and put surplus funds to work.
Savers and borrowers are connected by financial intermediaries including banks, thrift institutions, insurance companies, pension funds, mutual funds, and finance companies.
Finance in an economic system comprises two parts: public finance and finance of economic entities.
Public finance is the provision of money (by the community) through taxes to be spent by national and local government authorities on projects of national and local benefit. It is a collective term for the financial flows and also the financial institutions of the public sector.
Public finance has the following four functions:
the provision of essential services;
the encouragement or control of particular sectors of the economy;
the implementation of social policy in respect of social services, and
the encouragement of the growth of economy as a whole.
The major instrument of any financial system is the budget. In a marketoriented economy, the budget is the most important tool for achieving national priorities and goals through the allocation and distribution of resources, and the maintenance of a stable macroeconomic environment.
The budget is an estimate of national revenue and expenditure for the ensuing fiscal year. When expenditure exceeds the revenue the budget has a deficit.
Revenue and expenditure forecasting is the most fundamental step in the process of budget preparation. Adequate planning of recurrent and capital expenditure depends critically on an accurate forecast of revenue availability. The determination of the expected overall deficit in the public sector and therefore the macroeconomic impact of fiscal policy requires accurate forecast of tax collection and expenditures.
In Ukraine, public finance is a sum of budgets of all levels of subjects of the state, extra-budgetary and reserve funds.
Budget preparation at the state level involves a number of institutions. The Ministry of Finance (MoF) is the central coordinating institution in charge of compiling and presenting the budget. It has major inputs from ministries in various sectors of the economy and the state tax bodies.