3. Banking.

All bank operations (banking) and the methods of controlling them are part of the credit system of any country. Banks and other financial institutions fulfill the role of financial intermediation between different businesses and individuals, the savers and the borrowers. The success or failure of bankers depends on their ability to identify the financial services which public demands, produce those services efficiently and sell them at competitive prices. They must constantly develop the service menu of banks and attract new customers. They offer different savings and checking accounts to businesses and individuals, transfer funds to and from many banks throughout the world, make bookkeeping of checking accounts, cash checks and look after their depositors' savings, exchange foreign currencies and ensure trust services. Bankers deal with the complexities of insurance, taxation, and investments.

4.Trade and Customs.

Trade is business of buying and selling goods and services to consumers. People who deal with trade and commerce are commodity experts, traders, sellers, wholesalers, retailers as well as distributors, sales managers and marketing managers. They deal with science of commodity of consumer and industrial goods, home and international trade, that is, buying and selling foodstuffs and non-food stuffs, their packaging and labeling, they deal with pricing, goods transportation and channels of distribution, warehousing and foodstuffs storage, and food preservation. They work at or run a lot of stores, supermarkets, shops and shopping centers, and department stores satisfying then-customers' needs. They hold different fairs and exhibitions to promote their goods and services, and finally, some of them protect consumers' rights.

Customs officers deal with trade too. They check exports and imports, control payments of various duties, examine appropriate licenses, inspect financial and accounting papers to be sure that taxes are paid. They prevent drug smuggling, as it's a very serious problem nowadays throughout the world. Besides, they deal with passengers going through customs and inspect then luggage to prevent carrying things to or from the country illegally.

Economics. Management. Marketing.

Commentary:

to produce and consume goods/services – виробляти та споживати товари, послуги

wages and salary (syn. earnings) – заробітна плата

the demand and supply for goods – попит та пропозиція на товар

competitive prices – конкурентні ціни

to assume responsibility and risk – брати на себе відповідальність і ризик

to sell and purchase assets – продавати та купувати активи

economic background – економічна освіта

Accounting. Auditing. Finance.

Commentary:

to be in charge of finance – відповідати за фінанси

financial transactions – фінансові операції

to forecast (syn. to predict, foresee) - прогнозувати

a company’s expences, revenues and profits – витрати, дохід (річний) і прибуток компанії

up-to-date records of accounts – щоденний облік рахунків

to check up correctness of accounting records – перевіряти коректність бухгалтерських записів

in regard to - стосовно

Banking. Trade. Customs.

Commentary:

financial intermediation – фінансове посередництво

business and individuals – юридичні та фізичні особи

savings and checking accounts – ощадний і поточний рахунки

to transfer funds – переведення коштів

insurance - страхування

customs formalities (clearance) – митні процедури

to go through customs – проходити митний контроль

wholesale/retail trade – торгівля оптом та в роздріб

food preservation (storage), warehousing – збереження та складування товарів

to protect consumer’s rights – захищати права споживачів

to prevent drug smuggling – запобігати контрабанді наркотиків

4. Act as an interviewer. Let the rest of the group speak about why and how they decided to study Economics, Finance, etc.:

1. if anybody or anything influenced their choice;

2. when they finally made up their minds;

3. what attracts them in the work;

4. what they consider its advantages and disadvantages;

5. what is the most rewarding feature of their job;

5. Say what you have learnt about:

1. the subject matter of economics;

2. the demand and supply as economic terms;

3. fields of activity economists, managers, marketers, entrepreneurs deal with;

4. their duties and responsibilities;

5. the functions performed by top management;

6. the role and importance of finance and accounting;

7. the specialists who are in charge of auditing;

8. the services offered by commercial banks to business and individuals;

9. wholesale and retail trade;

10. customs control and clearance.

6. Speak on the topics: My Speciality; My University.