The Institute of Economy and Finance

Text F “Economy faculty (Management)”

I study at the Tyumen State Agricultural Academy. It was founded in 1959 as an Agricultural Institute. It got the title of the Academy on 3^rd April, 1995.

Our Academy has four Institutes: Agro-Technology, Mechanical- Technology, Institute of Economy and Finance and the Institute of Biotechnology and Veterinary Medicine.

I am a second-year student of the Economy faculty (Management) of the Economy and Finance Institute. The Institute of Economy and Finance was founded in 2001. I am a full-time student. Our Institute trains accountants and economist-managers for different branches of agriculture. The Institute of Economy and Finance has a highly qualified teaching staff. The Economy faculty was established in 1968.

There are nine chairs at our Institute: the chair of economy, the chair of organization of agricultural production, the chair of management and others. The economist’s work requires deep knowledge in all branches of agriculture.

We study many subjects, which are interesting and necessary for our future speciality. They are Mathematics, English, statistics, economy, marketing, management, accounting, plant growing and many others.

We can learn skills, which fit us for a better career in future. An educated person contributes more to the society and education gives a person the prospect for professional advance.

As a matter of fact, an economist must be a good organizer of agricultural production. The main tasks of an economist are to plan the work of the enterprise, to control the fulfillment of the plan, to raise labor productivity. He should also reduce production costs and use better all means of production.

Actually, an economist should take into consideration the work of the whole enterprise, analyze it regularly, find out the drawbacks and eliminate them. The work of an economist is very responsible, honorary and important.

While studying the students of our faculty have practical work at the experimental training farm and at different enterprises. An economist has a chance to use his deep knowledge working at different plants and enterprises of our region.

I think I like my future speciality and find it to be very useful and important.

1. Memorize the following words and expressions:

1) to be founded = to be established – быть основанным (быть созданным)

2) accountant – бухгалтер

3) branches of agriculture – области сельского хозяйства

4) management – управление (менеджмент)

5) chair – кафедра

6) to require – требовать

7) accounting – бухгалтерский учет

8) plant growing – растениеводство

9) highly qualified – высококвалифицированный

10) to contribute – делать вклад

11) society – общество

12) enterprise – предприятие, хозяйство

13) the fulfillment of the plan – выполнение плана

14) to raise labor productivity – повышать производительность труда

15) to reduce production costs – снижать себестоимость продукции

16) means of production – средства производства

17) to take into consideration – учитывать, принимать во внимание

18) to eliminate – устранять что-либо

19) responsible – ответственный

20) honorary – почетный

21) drawback – недостаток, отрицательная сторона