IV. Match verbs and nouns as they occur in the text and translate them into Ukrainian

to make	economics
to acquire	the economic development
to resolve	educational qualification level
to contribute to	specialists
to train	knowledge and skills
to obtain	an environment
to turn out to be	the statement
to agree with	professionally oriented
to be	a real challenge
to major in	the problem
to survive in	life choice

 

IV. Answer the following questions:

1. What criteria do you think people use when they choose their future profession?

2. What has inspired you to choose this profession?

3. What is your future speciality?

4. How long does the course of study last in your university?

5. How do you plan to become a skilled graduate out of a green freshman?

6. Are social sciences and foreign languages in the focus of the economist curriculum nowadays?

7. What subjects do you consider to be the most important for you to gain your professional skills?

8. Will the knowledge of foreign language promote your career?

9. What kinds of companies can employ you?

10. What occupation would you like to hold?

11. Are you ready for the hardships which go together with this job?

12. Are people who have economics training in demand in modern society?

13. Why is economist’s education never really finished?

 

V. Ask questions to give the following answers:

1. Q.: ………………………………………………

A: My main life choice was made when I entered Kyiv National Economic University, a prominent economic establishment of higher learning.

2. Q.: ……………………………………………….

A.:The study of economics will help me to understand the economic forces better and enable to live a fuller life.

3. Q.: …………………………………………………

A.: This objective could be best achieved by building a successful, intellectually- rewarding career in one of the fields high in demand.

4. Q.: …………………………………………………

A.: I believe that a necessary and the most logical way to contribute to the economic development in my home country is to acquire educational qualification levels of Bachelor, Specialist and Master of Science in Economics.

5. Q.: ……………………………………………………..

A.: These degree programmes in economics are professionally - oriented and require five or six years of study.

6. Q.: ………………………………………………………

A.: My ultimate objective is to obtain knowledge and skills comparable to those of other prospective graduate students who major in Economics at the various European and US universities.

7. Q.: ………………………………………………………

A.: The task of building a solid background in economic theory turned out to be a real challenge.

8. Q.: ………………………………………………………

A.: The main purpose of teaching a foreign language at the university is to train specialists capable to make practical use of the foreign language.

9. Q.: ………………………………………………………

A.: I believe that rapid changes in industrial and market structure in the economy of our country will greatly increase demand for highly skilled specialists with sound expertise in economics.

10. Q.: ………………………………………………………

A.: I am very grateful to my Alma Mater for teaching me how to survive in a highly competitive and challenging environment through persistence and hard work.

BANKING AS A CAREER

I am a student of Kyiv National Economic University. My speciality is Bank management. I am very keen to start a career job in banking. I`ve been interested in banking since I was at school.

 

Bank is an institution, which handles other people’s money both to their advantage and to its own profit. Historically, the bank has grown out of basic community needs, Firstly, it provided a safe place to store valuables, secondly, a store from which to borrow money for specific purposes and periods, and, thirdly, the means of settling debts without having to carry large amounts of money from place to place.

(A\ the) Banker is a person conducting a banking business.

There are many different terms used for types of banks: central banks, commercial banks, investment banks, savings banks, cooperative banks, mortgage banks, Gyro banks. Commercial banks are banks in the classic business of taking deposits and lending money. The aim of commercial banks is to earn profit. Typically, a bank consists of some departments, divisions and branches. At the heard of it there is the Council and the Board. The ordinary shareholders at the Annual General Meeting elect the Board.

The Board is concerned with the overall policy of the bank and the major decisions, which put that policy into effect. At the end of each business year the Board recommends and the Annual General meeting decides how much should be retained in the business. In preparation for the Annual General Meeting, a bank published its Report and Accounts. These must be sent to every shareholder and are available for anyone with an interest in the affairs of the bank. From the published accounts shareholders can easily determine the total profits the bank has earned and how much is available for distribution.

It takes a lot of employees to run the bank. The clerical jobs are graded according to the demands and responsibilities of each particular position.

The most junior of the clerical jobs is bank clerk or the grade economist. He or she begins by preparing customer’s statements, sorting sheenes and learning to use accounting machines. The second grade is an economist of the second category. This work gives more personal contact with customers. The next grade is the position of a leading economist. By the time he or she reaches this grade the work is becoming more complex. The last grade is a chief economist. This is the senior of the clerical grades. He or she works closely with the branch manager and acts as his assistant providing all the information needed for the day-to-day control of accounts, for lending money. He or she is given opportunity to exercise your own judgment in a number of matters.

Anyway, I am sure in order to have a good position I must be very hard working and I’ll become a successful and prosperous banker.

 

ANSWER THE FOLLOWING QUESTIONS

 

1. What job seems the most interestingto you?

2. What is your future speciality?

3. How long does the course of study last in your university?

4. What make you choose this spesciality?

5. Are you ready for the hardships, which go together with this job?

6. What is a bank?

7. What types of banks (are there) do you know?

8. What functions do banks play in a national economy?

9. Who supervises and regulates the banking system of the country?

10. What are commercial banks?

11. What services do commercial banks offer to its customers?

12. What do banks charge for the services they offer to their customers?

13. Who owns commercial bank?

14. How does a bank start?

15. Who chooses the Board?

16. What is the Board’s task?

17. Who hires the employees?

18. What are the bank’s main activities?

19. How are the profits distributed?

20. How are the shareholders kept informed?

21. Why did the banking industry grow quickly over the last year?

22. According to what are the bank’s clerical jobs graded?

23. Where does everyone start a job in banking?

24. What grade ensures more personal contact with the customer?

25. Which clerk deals with regular payments?

26. Which clerk helps customers to manage their financial affairs?

27. Which clerk safeguards the bank’s interests in lending money?

28. Which job in the bank deals with customers travel requiems?

29. Which job in the bank offers the opportunities to exercise one’s own judgment?

30. What relationship should be built between Management and staff?

31. How should the work of a manager be assessed?

 

EXERCISES

І. Periphrases or explain the following word combinations

Bank management

The Report and Accounts of a bank

Clerical job

Overall policy

Day-to-day control

To conduct a banking business

To act as one’s assistant

ІІ. Find in the text English equivalents to the following word combinations. Make sentences of your own with them.

 

Управляти банком; мати палке бажання; цікавитись банківською справою; зберігати коштовності; позичати гроші з метою особливого призначення; розраховуватися з боргами на чолі когось; фінансовий (фіскальний) рік; конторська робота; посада ведучого економіста; щоденний нагляд; начальник відділу.