- •Гоу впо «алтайский государственный университет»
- •Предисловие
- •Basics of Economics
- •Defining Economics
- •Types of Economies
- •I variant
- •II variant
- •Part II
- •Words and word combinations you may need
- •Interview with the Economist
- •Note on the dialogue
- •I variant
- •II variant
- •Read for more information
- •Economics and Its Great Men
- •Management
- •Job Titles
- •Traditional interpretation
- •Another interpretation
- •Vocabulary
- •Vocabulary
- •Vocabulary
- •Management functions
- •In the first paragraph the writer says that managers:
- •Part II Selection of Personnel
- •Vocabulary Notes on the Text
- •Text 2. (Dialogue) Discussing a Candidate for the Post of a Product Executive
- •Vocabulary Notes on the Dialogue
- •International management Global Careers
- •Vocabulary Notes on the Text
- •For Additional Reading
- •Visiting Customers
- •Vocabulary Notes on the Text
- •To get more information about global management try to do the following tasks:
- •1. Managers from this country:
- •2. Managers from this country:
- •3. Managers from this country:
- •5. Managers from this country:
- •Management
- •Planning and decision making
- •Organizing
- •Leading
- •Controlling
- •More about Management
- •Finance and Credit Part I. Banks
- •Part II Money
- •What is a Gold American Eagle?
- •Characteristic of Money
- •Types of Money
- •Background
- •1. The Business
- •2. The Product or Service
- •3. Marketing
- •4. Finance
- •For Additional Reading
- •The Central Banking System
- •The us Treasury
- •Personal Finances
- •Accounting and Auditing
- •Accounting: Changes and Prospects
- •The Budget. Taxes
- •Vocabulary List
- •Vocabulary List
- •Texts for Additional Reading
- •The Federal Budget
- •Taxation
- •Factors of Production
- •Taxation
- •Vocabulary List
- •Information in Economics
- •Dialogue 1. Computers in Russia
- •Vocabulary List
- •Texts for additional reading
- •The Birth of the Web Browser
- •How does email work?
- •Vocabulary
- •Vocabulary
Part II
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Text 1. Modern World Economy
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Task 1. Read and translate the text.
The world economy is increasingly becoming a single economic unit. Individual national economies are developing closer ties through trade, capital investment and financial institutions. The role of global business in world affairs is becoming more important. Multinational corporations spread their activities across national boundaries, the international banking system carries on banking activities throughout the world, financial and commodity markets have become world markets.
Over the last few decades export and import shares of output have increased considerably in practically all industrial sectors. For most industrial nations, exports and imports remain the most important international activity. In addition to visible trade, which involves the import and export of goods, they are trying to develop invisible trade, which involves the exchange of services between nations, thus improving their balances of trade.
As the world is developing a single economy, international organizations, including the World Trade Organisation, the International Monetary Fund and the World Bank Group, are contributing to the liberalization of trade, monetary and economic cooperation. They have had a positive effect on economic growth, price stability and the flow of capital.
Nevertheless, serious economic and social challenges remain:
how to bridge the gap between the industrialized and developing world;
how to prevent inflation;
how to improve employment opportunities:
how to maintain economic growth;
- how to put an end to poverty.
Task 2. Answer the following questions
What trend in the development of the world economy has been observed lately.
How is global business developing?
Do export and import of goods remain the most important activity for many countries?
What is invisible trade?
What role do international organizations play in the modern world economy?
What world problems have to be solved?
Task 3. Practise these words and word combinations.
Share
Translate into Russian
Britain’s share of world trade has declined.
She owns shares in the business.
We will all have a share in the profits.
Share prices rose yesterday.
To involve
My studies at university involve a great deal of hard work.
The students of our college are involved in the decision-making process, which gives them valuable experience for their future work.
Buying shares involves some risk.
His job involves collecting statistics.
I’m involved in an interesting project now.
Task 4. Bear out (подтвердите) the following statements using the information from the text.
The world economy is increasingly becoming a single economic unit.
Over the last few decades export and import shares of output have increased considerably in practically all industrial sectors.
Nevertheless, serious economic and social challenges remain.
Text 2. The Nation’s Economy |
Task 1. Read the text and translate it into Russian. Explain how the economy machine works.
The economy of the country is like a machine which provides us with things we need, i.e. goods and services. The economy creates the wealth of the country. The better it works the better off are the people.
The government through its economic policy plays an important role in the control of the economy machine. The major branches of economic policy are fiscal and monetary policies. Fiscal policy is concerned with taxes and government spending activities. Monetary policy is concerned with controlling the supply of money and credit.
A nation’s economy can be divided into three sectors of activity. The primary sector deals with extraction of minerals, agriculture, fishing and forestry. Processing of the primary sector materials and production of manufactured goods is the field of the manufacturing sector. The service sector provides services of various kinds such as transportation, distribution, catering as well as financial services and tourism. The role of the manufacturing sector in the advanced industrialized countries is decreasing while the service sector is becoming more important.