- •Part I. Lesson 1
- •I. Read the following words and word combination and learn their meanings by heart:
- •II. Read and translate the text: what is economics?
- •III. Retell the text according to the following questions:
- •VIII. Look at the statements. Say if they are true or false:
- •IX. Fill in the gaps, using the following words: economy, economist, economic, economics, economise, economical.
- •X. Read and translate the meanings of the following terms. Translate the sentences with them.
- •Translate the following extract in written form:
- •Read the text and answer the questions:
- •Read and remember some English idioms useful for businessmen:
- •Lesson 2
- •I. Read the following words and word combination and learn their meanings by heart:
- •II. Read and translate the text: the functions of every economic system
- •Give English equivalents of the following words:
- •Read and translate the sentences paying attention to the functions of the Infinitive:
- •Read and translate the meanings of the following terms. Translate the sentences with them.
- •Change the sentences into the Passive voice:
- •Open the brackets using the Present Indefinite Tense in the Passive voice:
- •Translate the following extract in written form:
- •Read the text and explain its main idea.
- •XIII. Read and remember some English idioms useful for businessmen:
- •Lesson з
- •I. Read the following words and word combination and learn their meanings by heart:
- •II. Read and translate the text: business. Forms of business
- •III. Retell the text according to the following questions:
- •Make a translation of such words and word-combinations:
- •Fill in the blanks with appropriate words:
- •Translate into English:
- •Read and translate the meanings of the following terms. Translate the sentences with them.
- •Translate the following extract in written form:
- •Read the text and answer the questions:
- •Read and remember some English idioms useful for businessmen:
- •Lesson 4
- •I. Read the following words and word combination and learn their meanings by heart:
- •II. Read and translate the text: marketing
- •III. Retell the text according to the following questions:
- •Make up sentences.
- •VII. Fill in the blanks with appropriate words:
- •VIII. Ask for your friend's opinions concerning the following statements:
- •IX. Read and translate the meanings of the following terms. Translate the sentences with them.
- •X. Translate the sentences into English in written form:
- •Translate the following extract in written form:
- •Read the text and answer the questions:
- •Supply and demand
- •XIII. Read and remember some English idioms useful for businessmen:
- •Lesson 5
- •I. Read the following words and word combination and learn their meanings by heart:
- •II. Read and translate the text: exchanges
- •III. Retell the text according to the following questions:
- •VII. Translate from Ukrainian into English:
- •Match the word on the left with the statement on the right:
- •IX. Make up sentences.
- •Read and translate the meanings of the following terms. Translate the sentences with them.
- •XI. Translate the following extract in written form:
- •XII. Read the text and answer the questions:
- •XIII. Read and remember some English idioms useful for businessmen:
- •Lesson 6
- •I. Read the following words and word combination and learn their meanings by heart:
- •II. Read and translate the text: accounting and bookkeeping
- •III. Retell the text according to the following questions:
- •VII. Match the word on the left with the statement on the right;
- •VIII. Choose the best alternative to complete the sentence:
- •IX. Match the questions with the answers:
- •X. Read and translate the meanings of the following terms. Translate the sentences with them.
- •XI. Translate the following extract in written form:
- •XII. Read the text and answer the following question:
- •XIII. Read and remember some English idioms useful for businessmen:
- •Lesson 7
- •I. Read the following words and word combination and learn their meanings by heart:
- •II. Read and translate the text: auditing
- •III. Retell the text according to the following questions:
- •VI. Translate from English into Ukrainian. Replace the Infinitives in brackets by the Past Indefinite or the Past Perfect:
- •VII. Match the questions with the answers:
- •VIII. Read and translate jokes:
- •IX. Match the word on the left with the statement on the right:
- •Read and translate the meanings of the following terms. Translate the sentences with them.
- •Translate the following extract in written form:
- •XII. Read the text and answer the following question:
- •Who is auditor?
- •XIII. Read and remember some English idioms useful for businessmen:
- •Lesson 8
- •I. Read the following words and word combination and learn their meanings by heart:
- •II. Read and translate the text: management and manager
- •III. Retell the text according to the following questions:
- •VI. Translate the sentences paying attention to the different ways of comparison in the following patterns:
- •VII. Match the word on the left with the statement on the right:
- •VIII. Fill gaps with prepositions where necessary. Translate the sentences:
- •IX. Read and translate the meanings of the following terms. Translate the sentences with them.
- •X. Translate into English.
- •XI. Translate the following extract in written form:
- •XII. Read the text and answer the question:
- •Management
- •XIII. Read and remember some English idioms useful for businessmen:
- •Lesson 9
- •I. Read the following words and word combination and learn their meanings by heart:
- •II. Read and translate the text: banks
- •III. Retell the text according to the following questions:
- •VI. Choose the best alternative to complete the sentences:
- •VII. Translate into Ukrainian paying attention to the use of different types of conditional sentences:
- •Match the words with the correct definition from the list below.
- •IX. Read and translate the meanings of the following terms. Translate the sentences with them.
- •Translate the following extract in written form:
- •Look through the excerpt and then fill the spaces with necessary words. Translate the text into Ukrainian.
- •XII. Read the text and answer the questions:
- •Bank organization
- •XIII. Read and remember some English idioms useful for businessmen:
- •Lesson 10
- •I. Read the following words and word combination and learn their meanings by heart:
- •II. Read and translate the text: different companies
- •Translate the sentences paying attention to different functions of the Infinitive:
- •Speak on the situations:
- •VIII. Read and translate the meanings of the following terms. Translate the sentences with them.
- •IX. Translate into English:
- •X. Fill the blanks with the correct words:
- •Translate the following extract in written form:
- •Read the text and answer the question:
- •XIII. Read and remember some English idioms useful for businessmen:
- •Lesson 11
- •I. Read the following words and word combination and learn their meanings by heart:
- •II. Read and translate the text: negotiable instruments
- •VII. Read and translate the following conditional sentences:
- •VIII. Choose the best alternative to complete each sentence:
- •IX. Fill the blanks with necessary words. Translate the sentences into Ukrainian.
- •X. Read and translate the meanings of the following terms. Translate the sentences with them.
- •Translate the following extract in written form:
- •Read the text and answer the questions.
- •XIII. Read and remember some English idioms useful for businessmen:
- •Lesson 12
- •I. Read the following words and word combination and learn their meanings by heart:
- •II. Read and translate the text: statistics
- •III. Retell the text according to the following questions:
- •VI. Translate the sentences from Ukrainian into English.
- •VII. Read and translate the meanings of the following terms. Translate the sentences with them.
- •VIII. Translate the following extract in written form:
- •IX. Translate the sentences into Ukrainian:
- •X. Read and translate the sentences with the emphatic construction:
- •XI. Translate the sentences. Pay attention to the singular and plural forms of the underlined nouns:
- •XII. Read the text and answer the questions.
- •Statistics for all
- •XIII. Read and remember some English idioms useful for businessmen:
- •Text 2 prices
- •Text 3 the structure of a company
- •Text 4 advertising
- •Text 5 money
- •Text 6 hryvnya
- •Text 7 bookkeeping
- •Text 8 why management is needed
- •Text 9 managing director
- •Text 10 requirements for obtaining a loan
- •Text 11 banks
- •Text 12 accounting
- •Text 13 auditing
- •Text 14 special terms
- •Text 15 accounts
- •Text 16 micro-and macroeconomics
- •Text 17 the banking history
- •Text 18 marketer's activities
- •Text 19 on money
- •Text 20 how money arose
- •Text 21 marketing strategy and planning
- •Text 22 the american economic system
- •Vocabulary
- •Contents
- •Part II. Supplementary reading
XIII. Read and remember some English idioms useful for businessmen:
A buyer's market - a market condition of low prices; ринок покупця.
2. A seller's market - market conditions good for the seller; ринок продавця.
3. A rising/falling market - a rising/falling demand for goods or services which will be reflected in their prices; зростаючий/падаючий попит на товари або послуги, що знаходить своє відображення в їхній ціні.
4. Be a drug on the market - to find no customers; something for which there is no demand; (бути) товаром чи послугою, що не користується попитом у споживачів.
Lesson 5
I. Read the following words and word combination and learn their meanings by heart:
an exchange - біржа, обмін; a stock exchange -фондова біржа; a commodity exchange - товарна біржа; a labour exchange - біржа праці; a rate of exchange - біржовий курс; an exchange business біржова операція; a rule - правило; a broker - брокер; securities - цінні папери; a bonds - облігації, бони; a council - рада; a trading floor - торговий зал, a fixed rate - фіксований курс; an ordinary share - звичайна, проста акція; an installment - розстрочка; an exchange trade - біржова торгівля; a penny - пенні, пенс; a preference - пільга, перевага; a preference share - привілейована акція; a fixed income - фіксований дохід; to go bankrupt - збанкрутувати; in full - цілком, зовсім; a deal - частка, угода; to deal - мати справу, торгувати, розглядати; to deal out - розподіляти; unlisted securities - не допущені на біржу цінні папери, to be listed - бути допущеним на біржу; restructure - реорганізація, Gilt-Edged Securities = gilts - цінні папери високої якості; a stock market - біржовий ринок; a redemption date - дата повернення боргу; a fund - резерв, запас; funds - капітал; to fund money - розміщувати гроші; to refund money - повернути гроші; spending - витрати.
II. Read and translate the text: exchanges
An exchange is an organized meeting of people in an appointed place to buy and sell. Certain rules govern the trading there and the members of exchange are called brokers.
There are the two types of exchanges known as the commodity exchange and the stock exchange.
Commodity exchanges were established with the aim of trading cotton, wool, timber, wheat, skins and many other commodities. Among well-known commodity exchanges are the Board of Trade in Chicago trading corn, the New York Coffee and Sugar Exchange. The world-known is British Metal Exchange trading metal, the Wool Exchange trading wool, Hatton Garden trading diamonds, Beaver House trading furs. The Baltic Exchange is a large grain market. In Japan there is the Tokyo Commodity Exchange for Industry.
Stock exchanges are such places where securities, stocks and bonds are sold and bought. It should be noted that the fluctuation of prices on exchanges influences the prices of various commodities on the world market.
The business of buying and selling on stock exchanges is called dealing, while a transaction is called a deal.
The most famous stock exchanges are the New York Stock Exchange, the Royal Exchange in London, the Tokyo Stock Exchange, the Osaka Securities Exchange, the Australian Stock Exchange, the Sydney Futures Exchange and others.
The governing body of a stock exchange is, as a rule, the Council, which is elected by the members. A large stock exchange has the main trading floor in some large city and some other cities and towns. Say, the stock exchanges of the United Kingdom and the Irish Republic amalgamated in 1973. Since that time it is known as "The Stock Exchange". The main trading floor and central administration of it is in London.
What is a stock? The term "stock" means stock market holdings which pay a fixed rate of interest. But in day-to-day dealings, the words stocks, shares, equities and securities mean pretty much the same thing.
Ordinary shares. If you invest in the stock market, you will almost always be dealing with what are known as ordinary shares. You may come across some other types of shares. These include the following:
Partly-paid shares. Companies may issue partly-paid shares, which allow you to pay for the shares in installments. You can only sell partly-paid shares if all of the installments are up to date. If you miss an installment, you will lose your shares and any money you have already paid.
Penny shares. These are shares which have a low price. They usually cost less than 15 pence each. They can be very risky investments, but if the price rises you may make a great deal of money.
Preference shares. These shares earn a fixed income. You will receive any dividends before the people who hold ordinary shares in the same company. If a company becomes bankrupt, preference shareholders arc paid first, after all the creditors have been paid in full.
Unlisted securities. Companies which are not big enough to be listed on the Stock Exchange, or which do not want to pay to be listed, can be sold on the Unlisted Securities Market (USM). The Stock Exchange restructured the USM in the mid 1990s.
Gilts. Gilts, or Gilt-Edged Securities, are securities issued by the British government which have a fixed rate of interest (usually for a set term) and are sold on the stock market. The money that they raise helps to fund government spending.