- •Business English 2
- •Unit 1 Finance
- •1(1) Listening. Listen and practice. Mind the new words.
- •2. How much do you know about money? Answer the questions.
- •3. Look at the five lists of numbers and choose a term from the box that describes each one.
- •4. Saying numerals. Look at the written forms of the dates, times, money and dimensions. Can you say them? Listen and repeat the numerals.
- •Cardinal numbers
- •Ordinal numbers
- •Decimals
- •Percentages
- •10.2 Compare the percentages in the table with yours. Tell about your own weekly expenditure.
- •11. Reading. Read the text and explain the words in bold. A Bank
- •Vocabulary
- •12. Give Russian equivalents:
- •13. Choose words from the list to fill in the gaps, then use them to make sentences:
- •14. Answer the questions:
- •Unit 2 Making money
- •1. Look the words in the box in the dictionary. Complete the text below with them.
- •Me and my money
- •2. Read the text again. Are these statements true or false.
- •3. Reading. Read the article and choose the correct answer to the questions below. Mind the new words.
- •Prince Alwaleed bin Talal
- •3. (1) Choose the correct answer.
- •3. (2) Match the numbers. Find them in the text. What do they refer to?
- •4 (7) Listening.
- •4.1 Look at the headlines from financial press. Listen to the financial news stories and match them with the headlines.
- •BItalian investor takes 30% stake in hotel group .
- •DStaff receive day’s income .
- •4.2 Listen again and answer the following questions.
- •5. Make your own sentences finding ways of completing the given ones.
- •6. A good way to remember vocabulary is by collocations, words which often appear together. Find words, which can go with these key words, as in the examples.
- •7. Reading. Read the text and explain the words in bold. A Bank Run
- •Vocabulary
- •Unit 3 Bank account
- •1. Discuss the questions.
- •2. Look at the brochure and answer the questions.
- •Student Account
- •3. Answer the questions.
- •4 (8). Listening. Chris is a student who wants to apply for a credit card. After the first listening to his conversation with a bank employee, complete the notes.
- •4.1 Listen again, fill in the gaps, make up a similar dialogue.
- •5. Reading. Read the text and explain the words in bold. A Deposit Account
- •Vocabulary
- •6. Give Russian equivalents:
- •7. Choose words from the list to fill in the gaps, then use them to make sentences:
- •8. Answer the questions:
- •Inflation
- •1. Discuss the questions.
- •2. Match two halves of the sentences.
- •3 (9). Listening. Listen and complete the chart with the correct prices for February and March. Mind some new words.
- •3.1 Now calculate the rate of inflation on each item as a percentage. Then make predictions about the cost of each item in the chart for the month of April.
- •3. Reading. Read the text and explain the words in bold.
- •Inflation
- •Vocabulary
- •Unit 5 Competition
- •1 (10). Listening. Listen and practice. Mind the new words.
- •2. Discuss the following. Who are the main competitors in the market in the following sectors?
- •3. Speaking. The global market is very competitive. What can companies do to persuade customers to buy their product instead of another similar one? You can use the following prompts.
- •4. Reading. Before you read the article make predictions. Match the sentence openings 1-4, with the endings a-d. Then scan the text and see if you are correct.
- •Coca-Cola vs. Pepsi
- •4.1 Read the article again and answer the questions.
- •5(11). Listening. Listen to Keith Jackson talking about competition in a global market. Note the definitions of three strategies for becoming a market leader.
- •Vocabulary
- •Unit 6 Applying for the job
- •1. Translate the following words using the dictionary if necessary. Then fill in the gaps in the text below.
- •2. Speaking. What information is it necessary to include in a resume?
- •3. Read the following statements about preparing a resume. Do you agree or disagree with them? Discuss your opinions in the group.
- •4. Read the steps for preparing a resume and number them in the best order. The first one has been done for you.
- •5 (14). Listening. Listen to a Human Resources (hr) manager talking about what to include in a resume. What should and shouldn’t be included into it.
- •5.1 Listen again, fill in the gaps and practice.
- •5.2 Speaking. Summarize the advice offered in the text. You can also add your recommendations.
- •6. Reading. Read the extract from the advertisement for a job at a large banking organization. Then read through the two resumes (cVs) and decide which applicant is better suited to the job.
- •7 (15).Listening. Listen to two people from the Human Research Department discussing the two applicants. Mark the positive points for each applicant.
- •8. Writing. Now, using the ideas and advices contained in this lesson, write your own resume.
- •7. Reading. Read the text and explain the words in bold. A Credit Card
- •Vocabulary
- •Audio Scripts
- •Contents
4 (7) Listening.
4.1 Look at the headlines from financial press. Listen to the financial news stories and match them with the headlines.
Mind some new words.
entrepreneur |
предприниматель |
Stock Exchange |
фондовая биржа |
furniture |
мебель |
to announce |
объявлять |
insurance company |
страховая компания |
headquarters |
головной офис компании (зд.) |
a.
Shares fall as interest rates rise
BItalian investor takes 30% stake in hotel group .
c
German giant buys French insurance company
.
DStaff receive day’s income .
4.2 Listen again and answer the following questions.
1. How much did Mr. Vieri pay for his stake?
2. What was the share price at the end of the day?
3. What nationality is the furniture company?
4. Why was the money given to the staff?
5. How much was the base rate increased by?
6. What was the effect on share prices?
7. Is AGF buying Allianz, or is Allianz buying AGF?
8. Where will the headquarters of the new company be?
5. Make your own sentences finding ways of completing the given ones.
1. My company spends too much on ………………………………...
2. My company doesn’t spend enough on …………………………..
3. I owe money to ……………………………………………………
4. I am paid ………………………………………………….............
5. It’s best to borrow from …………………………………………..
6. I spend a lot on ……………………………………………………
7. My best ever investment was …………………………………….
8. Money is ………………………………………………………….
9. I can’t afford ………………………………………………………
10. A new car costs ………………………………………………….
6. A good way to remember vocabulary is by collocations, words which often appear together. Find words, which can go with these key words, as in the examples.
7. Reading. Read the text and explain the words in bold. A Bank Run
A bank run (also known as a run on the bank) occurs when a large number of bank customers withdraw their deposits because they believe the bank is, or might become, insolvent.
A bank run can occur even when started by a false story. Even depositors who know the story is false will have an incentive to withdraw, if they suspect other depositors will believe the story.
A banking panic or bank panic is a financial crisis that occurs when many banks suffer runs at the same time. A systemic banking crisis is one where all or almost all of the banking capital in a country is wiped out. The resulting chain of bankruptcies can cause a long economic recession.
Several techniques can help to prevent bank runs, though they do not always work.
1. A bank can temporarily suspend withdrawals to stop a run. This is called suspension of convertibility.
2. Bank regulation can impose a reserve ratio requirement, which limits the proportion of deposits which a bank can lend out. This makes it less likely for a bank run to start, as more reserves will be available to satisfy the demands of depositors.
3. Deposit insurance systems insure each depositor up to a certain amount, so that their savings are protected even if the bank fails. This removes the incentive to withdraw deposits simply because others are withdrawing theirs.
Many of the recessions in the United States were caused by banking panics. The Great Depression contained several banking crises consisting of runs on multiple banks from 1929 to 1933.
The financial crisis of 2007–2009 was centered around market-liquidity failures that were comparable to a bank run. The crisis contained a wave of bank nationalizations. It was caused by low real interest rates. They stimulated an asset price bubble fueled by new financial products that were not stress tested and that failed in the downturn.