- •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
3. Read and translate the text:
STOCKS AND MARKETS
Stock Markets are the means through which securities are bought and sold. The origin of stock markets goes back to medieval Italy. During the 17th and 18th centuries Amsterdam was the principal center for securities trading in the world. The appearance of formal stock markets and professional intermediation resulted from the supply of, demand for and turnover in transferable securities. The 19th century saw a great expansion in issues of transferable securities.
The popularity of transferable instruments as a means of finance continued to grow and at the beginning of the 20th century there was an increasing demand for the facilities provided by stock exchanges, with both new ones appearing around the world and old ones becoming larger, more organized and increasingly sophisticated.
The largest, most active and best organized markets were established in Western Europe and the United States. Despite their common European origins there was no single model which every country copied.
Members of stock exchanges drew up rules to protect their own interests and to facilitate the business to be done by creating an orderly regulated marketplace.
Investors were interested in a far wider range of securities than those issued by local enterprises. Increasingly, these local exchanges were integrated into national markets.
The rapid development of communications allowed stock exchanges to attract orders more easily from all over the country and later the barriers that had preserved the independence and isolation of national exchanges were progressively removed, leading to the creation of a world market for securities. The 1980s saw the growing internationalization of the world securities markets, forcing stock exchanges to compete with each other. Cross-border trading of international equities expanded.
Although many securities were of interest to only a small and localized group, others came to attract investors throughout the world. Increasingly arbitrage between different stock exchanges ensured that the same security commanded the same price on whatever market it was traded. London, Paris, New York became dominant stock exchanges.
Stock exchanges emerged as central elements in the financial systems of all advanced countries.
Potential investors, insurance companies, pension funds, governments and corporate enterprises see securities as a cheap and convenient means of finance.
An investor who purchases new securities is participating in a primary financial market. An investor who resells existing securities is participating in a secondary financial market.
There are two basic types of stock markets:
organized exchanges, like New York Stock Exchange (NYSE) or the London Stock Exchange (LSE), and
the less formal over-the-counter markets.
The organized security exchanges are tangible physical entities, which have specially designated members and elected governing bodies - Boards of Governors.
In contrast to the organized security exchanges, the over-the-counter market is an intangible organization. It is a network of security dealers who buy and sell securities from each other, either for their own account or for their retail clients. The over-the-counter market is normally conducted by telephone and computer reporting of price quotations between brokerage firms that 'make a market': that is, agree to buy and sell a particular security. Securities that are not listed on exchanges are traded 'over-the-counter'. In general these include stocks, preferred stocks, corporate bonds and other securities.
Investors need complete and reliable information about stocks and markets. In addition to the listings, the financial pages of newspapers in all countries contain price quotations and share indexes which give a broad indication of how the stock market or a segment of the stock market performed during a particular day.