- •Белорусский государственный университет
- •Тихомирова л. Б., Князева н. И., Рунцова э. В., Хведченя л. В.
- •Предисловие
- •Can you explain why you have chosen the profession of an economist?
- •Careers: Economist
- •Vocabulary Focus
- •1. K p. A. – one thousand per annum.
- •Ex. 4. Express in one word.
- •Degrees in Economics
- •Comprehension
- •Questions
- •Outstanding Economists
- •Michael Dell Timeline
- •Ingvar Kamprad Timeline
- •Example
- •A. Translate into Russian.
- •B. Translate into English.
- •Vocabulary academic adj – 1. Университетский; академический; учебный; 2. Чисто теоретический; 3. Фундаментальный (в противоположность прикладному)
- •Salary n – жалованье, оклад self-employed adj – обслуживающий свое собственное предприятие; работающий не по найму
- •2. Economics as a science
- •Economics as a Science
- •Vocabulary Focus
- •Satisfying People’s Wants
- •Economic Systems
- •Methodology
- •Economic Theory and Models
- •Useful language: How to make a presentation (Part 2).
- •Discuss the following questions.
- •Vocabulary
- •3. Microeconomics
- •3.1. Supply and demand
- •Supply and Demand
- •Vocabulary Focus
- •Text 2 Equilibrium: Mr. Demand, Meet Mr. Supply
- •Equilibrium
- •Elasticity
- •Ex. 2. Answer the questions on the text.
- •The Leisure Industry
- •B. Discuss the following questions:
- •Vocabulary
- •3.2. Market structure
- •Text 1 Market Structures
- •Monopoly
- •Vocabulary Focus
- •Comprehension
- •Three Pricing Strategies
- •Market Leaders, Challengers and Followers
- •Useful language: Negotiating.
- •Vocabulary
- •4. Macroeconomics
- •4.1. Basic national economy indicators
- •Gross Domestic Product
- •Vocabulary Focus
- •Other Measures of Income
- •Text 3 Economic Growth
- •Writing
- •Describing Innovations
- •Speaking
- •Useful language: Decision-making
- •Vocabulary
- •4.2. Economic business cycles and unemployment
- •Economic Business Cycles
- •Vocabulary Focus
- •Comprehension
- •Unemployment and its Costs
- •Types of Unemployment
- •W. H. Philips and the Philips Curve
- •Headhunting
- •A. Useful Language: Problem-solving.
- •Vocabulary
- •4.3. InflAtion
- •Meaning and Measurement of Inflation
- •Vocabulary Focus
- •Demand-Pull and Cost-Push Inflation
- •Inflation and the Real Interest Rate. Control of Inflation
- •Consumer Price Index Criticism
- •Vocabulary
- •4.4. Banking discovering connections
- •Types of Banks and their Functions
- •Vocabulary Focus
- •Banking in the usa
- •Text 3 Banking in the Republic of Belarus
- •Listening Central Banking
- •Vocabulary
- •4.5. Money and monetary policy
- •Money and its Functions
- •Vocabulary Focus
- •Supply and Demand for Money
- •Instruments of Monetary Policy
- •Monetary Policy during the Great Depression
- •Raising Business Capital
- •Vocabulary
- •4.6. Fiscal policy
- •Fiscal Policy
- •Vocabulary Focus
- •Other Issues in Fiscal Policy
- •Should the Government Intervene in the Business Cycle?
- •3. Different verb forms
- •Vocabulary
- •1. Verbs of change
- •2. Prepositions
- •5. The global economy
- •5.1. International trade
- •International Trade
- •Vocabulary Focus
- •Trade Barriers
- •The Banana Wars
- •Free Trade
- •Vocabulary
- •5.2. Globalization discovering connections
- •Globalization
- •Vocabulary Focus
- •Comprehension
- •Economic Cooperation
- •Text 3 Multinational Corporations: the Pros and Cons
- •Airbus Industrie
- •The Real World
- •Cultural Awareness
- •Vocabulary
- •6. Business administration
- •6.1. Company structure discovering connections
- •What types of business are popular in your country?
- •Reading
- •Forms of Business Organization
- •Vocabulary Focus
- •Comprehension
- •Types of Companies and their Structure
- •Takeovers and Mergers
- •Flotation
- •Advising Companies
- •Key questions for the planning committee
- •Vocabulary
- •6.2. Management
- •Nature of Management
- •Vocabulary Focus
- •Management Styles
- •Corporate Culture
- •What Makes a Good Manager?
- •Useful language: Managing meetings.
- •Vocabulary
- •Glossary
- •6.3. Accounting
- •What is Accounting?
- •Vocabulary Focus
- •Accounting and Financial Statements
- •The Accounting Profession
- •Business Documents
- •The Balance Sheet
- •Income Statement
- •Bookkeeping
- •Vocabulary
- •6.4. Marketing
- •Concept of Marketing
- •Vocabulary Focus
- •Marketing Mix
- •Text 3 The Four Major Promotional Tools
- •Writing
- •Why Brands Matter
- •Vocabulary
- •Uniqueness n – уникальность
- •6.5. Advertising
- •Advertising
- •Vocabulary Focus
- •How Companies Advertise
- •Ad advertising campaign advertising standards advertisement advertising budget advertising agencies print
- •From the History of Advertising
- •Designing an Advertising Campaign
- •Endorsement
- •Planning Advertising Campaign
- •Vocabulary
- •ЛитературА
- •English for Economists
- •Тихомирова л. Б., Князева н. И., Рунцова э. В.
- •220050, Минск, пр-т Независимости, 4.
Advising Companies
A. Richard Brown is the managing partner of Cognosis, a management consultancy in London which advises companies on organisation and change. Listen to the first part of the interview and answer these questions.
What four approaches does Cognosis use to analyse a business?
How many different business ‘character types’ does Cognosis recognise?
What three things do companies deal with differently, according to Richard?
B. Listen to the second part of the interview. Tick the sentences below which are true, according to Richard, and correct those which are false.
The hardest way to change the character of a business is to merge it with another company.
When Guinness and Grand Metropolitan merged, they wanted to create a business culture which was different from the two companies.
The senior managers spent a lot of money training staff in the new business methods.
The new culture was only partly successful.
C. In the third part of the interview, Richard Brown describes three ways in which successful companies are similar. Complete the description below.
First, they’re ……1: they have a very clear sense of ……2. Second, they’re ……3: they invest much time and energy in understanding and ……4. And third, they are … – …5. By that I mean that people inside the organisation are very clear about the values that should ……6 behaviours.
SPEAKING
A. Useful language: Introductions and networking.
Greeting Hello … . Nice to see you again. Hi … . How are you? How’s everything going?
|
Talking about your company The company was founded in… We make/manufacture/sell/ distribute… We have subsidiaries/factories/branches in… We have a workforce of 2.000. Our main competitors are… |
Talking about common interests You and Heinz have something in common. You both like/enjoy/are interested in…
|
Introducing yourself I’m from…/I’m with…/I work for… I’m in sales/finance/ marketing. I’m in charge of… I’m responsible for… |
Responding Fine, thanks. Not too bad, thanks. Nice/Pleased to meet you. It’s a pleasure. |
Networking We’re very interested in … Do you know anyone who could help us? Could you let me have their contact details? Could I call him and mention your name? Let me give you my business card. |
Ex. 1. Listen to the three conversations. Choose the correct description from the list for each one.
Greeting someone and talking about the past.
Introducing another person.
Introducing yourself and giving information about your company.
Ex. 2. Listen to the first conversation again and answer these questions.
1. Which of these expressions do you hear in the dialogue?
-
a) Nice to see you again.
b) Fine, thanks.
c) Wonderful!
d) How about you?
e) I changed my job last year.
f) I’m in banking now.
2. Who is head of data processing?
3. Who now works in marketing?
Ex. 3. Listen to the second conversation again and complete the chart below.
Name Don Larsen Erika Koening |
Company |
Activity
|
Ex. 4. Listen again and complete this extract from the second conversation.
Don |
Well, we’re basically an ……1 business. We supply large companies with various services including payroll, ……2 and human resources. |
Erika |
Is Atsource solutions a new company? |
Don |
No, we’re well established. The company was ……3 in 1978. It’s organized into three ……4. We have over 6.000 ……5; we’ve got our ……6 in Frankfurt and ……7 in over 20 countries – we’re pretty big. |
Ex. 5. Listen to the third conversation again and answer these questions.
1. What expression does John use to introduce Miriam?
2. Why could Miriam be helpful to Heinz in his work?
3. What interest do they share?
B. Case Study: Visitors from China.
Background
Toyworld is a profitable toy retailer based in Seattle, US, with subsidiaries in over 30 countries. Toyworld buys its products from suppliers all over the world.
Mr Lee Chung, head of a toy manufacturing firm based in Guandong, China, is going to visit the Toyworld subsidiary in your country. Mr Chung will be accompanied by his Export Manager, John Wong. The purpose of the visit is to get to know Toyworld’s management better and learn more about the company. He may set up a joint venture with Toyworld if he has confidence in them and considers them to be a suitable partner. This is Mr Chung and Mr Wong’s first visit to your company, and to your country.
Task 1
You are members of the planning committee for Mr Chung’s visit. Read the
e-mail informing you about Mr Chung’s visit.
To … Manager, Public Relations
From … Chief Executive
Subject: Mr Lee Chung’s visit Date: 2 June
Mr Lee Chung and Mr John Wong will arrive at 9.10 a.m. on Monday 20 June and leave on Thursday 23 June.
When you prepare the draft program, please schedule a meeting (morning or afternoon) during which we can discuss our business plans with Mr Chung and Mr Wong. Also, make sure that our visitors have opportunities to meet our staff and gain a complete understanding of our business.
The visitors will expect to have some basic information about Toyworld and to be offered activities which give them an understanding of the company. Please also arrange some social and cultural activities during their stay.
Above all, we do not want to make any cultural mistakes during the visit. We want Mr Chung and Mr Wong to leave with an excellent impression of our company and the way we treat foreign visitors.
To help you plan the visit, please could you attend the talk by Catherine Eng (an expert on Chinese business culture).
Peter Lewis
Chief Executive
Task 2
Listen to the talk given by Catherine Eng. Make notes of her key points.
Task 3
Plan a draft program in small groups. After that, compare your ideas with the rest of the class and produce the final program. Think over the contents of e-mail to Mr Chung with details of the program for his visit. The tone of the e-mail should be friendly and show that you and your colleagues are looking forward to meeting him soon.
