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Trang MỤC LỤC UNIT 1: THE BASIC ECONOMIC PROBLEMS – NHỮNG VẤN ĐỀ KINH TẾ CƠ BẢN 13 1.1 READING: THE BASIC ECONOMIC PROBLEMS 13 1.2 EXERCISES 17 1.2.1 Answer following questions about the reading above 17 1.2.2 Read carefully the statements below and choose the best choice for each 17 1.2.3 Group activities 18 UNIT 2: MACROECONOMICS – KINH TẾ HỌC VĨ MÔ 21 2.1 READING: MACROECONOMICS 22 2.2 EXERCISES 25 2.2.1 Read the texts above carefully the answer the following questions? 26 2.2.2 Choose the best answer for each statement or question below? 26 UNIT 3: FISCAL AND MONETARY POLICY – CHÍNH SÁCH TÀI CHÍNH & TIỀN TỆ 28 3.1 FISCAL AND MONETARY POLICY 29 3.2 EXERCISES 31 3.2.1 Read the texts above and answer the following questions? 31 3.2.2 Group activites 31 3.2.3 HOME READING 32 AFFECTS OF FISCAL POLICY 32 UNIT GDP and GNP- TỔNG SẢN PHẨM QUỐC NỘI TỔNG SẢN PHẨM QUỐC DÂN 37 4.1 READING – GDP and GNP 37 4.2 EXERCISES 42 4.2.1 Read the text and answer following questions 42 4.2.2 Fill the table of comparison between GDP and GNP 42 4.2.3 Tests and Exercises 44 UNIT 5: MICROECONOMICS – KINH TẾ HỌC VI MÔ 46 5.1 READING: 5.2 EXERCISES 50 MICROECONOMICS 47 5.2.1 Work in group to discuss about the following questions 50 5.2.2 Suggestion for answerrings 51 UNIT 6: 6.1 READING: 6.2 EXERCISES 57 6.2.1 ACCOUNTING – KẾ TOÁN 53 ACCOUNTING 53 Match the a statement on the left with a term on the right 57 English for business management Trang 6.2.2 Circle the best answer or write the suitable word for each of the following questions 58 UNIT 7.1 READING: SUPPLY AND DEMAND (PART I) 60 7.2 EXERCISES 64 8.1 SUPPLY AND DEMAND (PART I) 60 Read the following statements or questions and choose the best answer for each 64 UNIT 8: SUPPLY AND DEMAND (PART II) 69 8.1 READING: SUPPLY AND DEMAND (PART II) 69 8.2 EXERCISES 72 8.2.1 Read the following statements or questions and choose the best answer for each 72 UNIT 9: WHAT IS INTERNATIONAL ECONOMICS? – KINH TẾ HỌC QUỐC TẾ LÀ GÌ? 76 9.1 READING: WHAT IS INTERNATIONAL ECONOMICS 77 9.2 EXERCISES 79 9.2.1 Answer the quizs below (some of them requires your opinion responses, others needs your selecting multiple choices, and some others ask you if it is true or false) 79 9.2.2 EXTRA READINGS 81 10 UNIT 10 : 10.1 READING: INFALTIONS 84 10.2 EXERCISES 88 10.2.1 INFLATION – LẠM PHÁT 83 Quiz of knowledge about inflation 88 11 UNIT 11 INFLATION AND GROWTH- LẠM PHÁT VÀ TĂNG TRƯỞNG 93 11.1 READING: INFLATION AND GROWTH 93 11.2 EXERCISES 96 11.2.1 Answer the following questions 96 11.2.2 Choose the best answer for each of the following questions or statements 97 12 Unit 12: HOW DO EXCHANGE RATES FUNCTION? – TỶ GIÁ TRAO ĐỔI ( TỶ GIÁ HỐI ĐOÁI) CÓ CHỨC NĂNG NHƯ THẾ NÀO? 103 12.1 READING: HOW DO EXCHANGE RATES FUNCTION? 104 12.2 EXERCISES 105 12.2.1 Choose the best answer for each question or statement below: 105 13 Unit 13 LETTER OF CREDIT- THƯ TÍN DỤNG 109 Giới thiệu 109 13.1 READING LETTER OF CREDIT 109 13.2 EXERCISES 111 13.2.1 Circle the best answer for each statement or question: 111 14 UNIT 14: HOW DOES INFLATION AFFECT ECONOMIES? LẠM PHÁT CÓ ẢNH HƯỞNG ĐẾN NỀN KINH TẾ NHƯ THẾ NẢO? 115 English for business management Trang 14.1 READING:HOW DOES INFLATION AFFECT ECONOMIES? 115 14.2 EXERCISES 119 15 UNIT 15 : WORLD POPULATION GROWTH 121 15.1 READING: WORLD POPULATION GROWTH 121 15.2 EXERCISES 123 15.2.1 Choose the best choice for each question or statement below 123 English for business management Trang CHƯƠNG TRÌNH MƠN HỌC: ANH VĂN CHUYÊN NGÀNH QUẢN TRỊ DOANH NGHIỆP Mã số môn học: MH 10 Thời gian môn học: 60h (Lý thuyết: 40h; Thực hành: 20h) I VỊ TRÍ, TÍNH CHẤT CỦA MƠN HỌC: - Vị trí: Là mơn học chun ngành bố trí giảng dạy sau học xong môn học chung - Tính chất: + Là cơng cụ tạo điều kiện cho đất nước hoà nhập với cộng đồng quốc tế khu vực, hoà nhập kinh tế thị trường giới, tiếp cận với thông tin khoa học kỹ thuật văn hoá giới, đồng thời giới thiệu văn hoá Việt Nam với giới + Tiếng Anh chuyên ngành đặc biệt quan trọng, giúp người học nâng cao chun mơn thơng qua đọc, dịch tài liệu chuyên ngành Tiếng Anh II MỤC TIÊU MÔN HỌC: - Kiến thức: + Sử dụng thuật ngữ chuyên ngành liên quan đến tài kế tốn + Sử dụng số cấu trúc ngữ pháp hay dùng tiếng Anh chuyên ngành như: thể bị động, mệnh đề quan hệ, câu mong ước, câu điều kiện, tính từ so sánh, liên từ, câu mục đích, giới từ… - Kỹ năng: Đọc, hiểu dịch số tài liệu liên quan đến chun ngành tài kế tốn từ Tiếng Anh sang Tiếng Việt - Thái độ: Người học có thái độ học tập nghiêm túc, cố gắng tiếp thu kiến thức hiệu để sau vận dụng kiến thức học vào dịch tài liệu chuyên ngành nhằm nâng cao chuyên môn công việc III NỘI DUNG MÔN HỌC: Nội dung tổng quát phân phối thời gian: Thời gian (giờ) Tổ Lý Thự Kiể Số Tên chương mục ng thuyế c m TT số hàn tra t h The basic economic problems vocabulary English for business management Trang 5 10 Reading exercises Macroeconomics Vocabulary Reading Exercises Fiscal ang monetary policy Vocabulary Reading Exercises GDP and GNP Vocabulary Reading Comprehension Exercises Microeconomics Vocabulary Reading Comprehension Exercises Test Accounting Vocabulary Reading Comprehension Exercises Supply and Demand (I) Vocabulary Reading Comprehension Exercises Supply and Demand (II) Vocabulary Reading Comprehension Exercises What is international economics? Vocabulary Reading Comprehensionying to understand the debate about inflation or interpret an inflation number reported in the press, it is important to be clear on which measure of inflation is under consideration to avoid confusion That said, one thing about inflation that is clear is how important it is to monetary policymakers (1) English for business management Trang 117 Central banks around the world view stable and low inflation as a very important goal Below are some concrete examples (italics added for emphasis): U.S Federal Reserve System: “Monetary policy has two basic goals: to promote “maximum” sustainable output and employment and to promote ‘stable’ prices These goals are prescribed in a 1977 amendment to the Federal Reserve Act Policymakers and economists are not the only groups concerned with inflation and its consequences The general public has a great distaste for inflation too It has been noted that news about inflation can damage approval ratings of presidents and affect outcomes of elections A look at public opinion polls reveals that inflation at times can be viewed as the most important national problem (Shiller 1996) (2) Although I have given you all this evidence that many groups view inflation as a serious problem, I have not begun to discuss why It is interesting to note that while both economists and non-economists tend to dislike inflation, they dislike it for different reasons Non-economists would most likely argue that inflation erodes their purchasing power In an international survey conducted in the 1990s by a prominent Yale economist Robert Shiller, other concerns with inflation expressed by non-economists were centered around issues of exploitation, political instability, loss of morale, and damage to national prestige (Shiller 1996) The costs of inflation cited by economists tend to be different and fall into two categories: the costs of expected inflation and the costs of unexpected inflation The remainder of this discussion will focus on these costs This does not mean that the costs cited by non-economists are not important However, there is quite English for business management Trang 118 enough to say about the costs of inflation without branching outside of economics! (3) Shoe-leather costs These costs reflect the inconvenience of a reduction in money holding that arises during periods of high inflation when individuals tend to make more frequent but smaller cash withdrawals The name “shoe-leather” is metaphoric – walking to the bank wears out one’s shoes, but worn-out shoes is hardly the only inconvenience of going to the bank more often.1 Example provides further intuition for this cost of inflation Menu costs These costs arise due to firms changing and posting their prices with higher frequency during times of high inflation The name “menu” costs refers to restaurants having to change prices of dishes (and, therefore, print new menus) more often during high-inflation periods Restaurants, of course, are not the only businesses that incur menu costs.2 While one might think of menu costs as costs that follow the decision about what the new price should be (such as reprinting catalogs, updating computer systems, reprinting price tags, etc.), it is useful to keep in mind the cost of the very decision of what the new price ought to be (such as gathering relevant information and processing it) Increase in relative price volatility These costs arise because firms facing menu costs are not likely to change prices frequently As a result, relative price volatility increases This, in turn, leads to inefficiencies in resource allocation (4) _ Arbitrary redistribution of wealth from lenders to borrowers When inflation turns out to be different from expectations, some groups can be made better off, while others can be made worse off For instance, when inflation turns out to be higher English for business management Trang 119 than expected, lenders can realize losses, while borrowers can gain For more details, please see Example Costs to individuals on fixed nominal contracts Many long-term contracts build in an adjustment for inflation People whose contract payments are fixed will suffer a loss in real terms (that is, in terms of purchasing power) if inflation turns out higher than they expected For example, if pension payments are fixed for many periods and inflation ends up being higher than expected, then real pension payments end up being lower than expected (5) It is natural to wonder which of the cited costs of inflation is the largest or most important The answer to this question truly depends on the time period considered, the country under consideration, and the severity of inflation or deflation (for instance, it matters whether it is moderate, high or hyperinflation) Though it is hard to quantify the costs of price volatility, it is a critical issue, especially for a central bank What may surprise some people is that, although inflation is costly, policymakers generally not wish for zero inflation This is because reducing inflation from some low positive rate to zero might come at the expense of higher unemployment (and lower output) Thus, the costs of going from low to zero inflation are thought to exceed the benefits This is further complicated by the difficulty of measuring inflation precisely enough to be certain exactly how close you are to zero inflation 14.2 EXERCISES 14.2.1 Choose the most appropriate word in bold to complete sentences – 10: 1.The company cannot refund customers' money, and goods can only be altered / exchanged / English for business management Trang 120 revised on production of a receipt or other proof of purchase We have made radical changes to the working regulations, and employees are expected to expand / stretch / adapt to these over the next few weeks Our customer call centre used to be in Sheffield, but last year we promoted / varied / outsourced it to India, where costs are much lower The new director has completely reduced / transformed / heightened the company, from a small local enterprise to a major international concern The hotel is currently being renovated / replaced / switched but will remain open while building work is carried out Production has been switched / disappeared / enlarged from our Bracknell site to a new industrial centre near Milton Keynes Our new memory cards extend / vary / raise in price, from £42 for a 64Mb card up to £140 for a 2Gb card The Internet clothing company Pants2U.com has deepened / shortened / expanded its range to include jewellery and watches The decision to dissolve / demote / disappear the company wasn't an easy one to make, but everyone agreed that there was no other option but to cease trading 10 Air fares will be adapted / extended / revised on 21 July: domestic flights will go down by 10%, but international flights will go up by 22% English for business management Trang 121 14 UNIT 15 : WORLD POPULATION GROWTH Giới thiệu Tăng dân số thay đổi dân số theo thời gian, định lượng thay đổi số lượng cá thể giống loài sử dụng cách tính tốn "trên đơn vị thời gian" Trong sinh học, thuật ngữ tăng dân số dường tới sinh vật biết nào, viết chủ yếu nói vùng áp dụng thuật ngữ với dân số loài người nhân học Trong nhân học, tăng dân số sử dụng cách khơng thức cho thuật ngữ rõ ràng tỷ lệ tăng dân số thường sử dụng cho tăng trưởng dân số loài người giới Mục tiêu - Cung cấp cho người học lượng từ cần thiết để đọc hiểu giao tiếp lĩnh vực dân số; - Củng cố kiên thức nhân học số liệuthống kế dân số; - Thực hành nghenói từ tiếng Anh chuyên ngành; Nội dung 15.1 READING: WORLD POPULATION GROWTH For practical purposes, too much of the work done on the economic problems of population is dominated by points of view that lie at opposite poles At one extreme the optimum population theorists treat the subject as if the major problem were that of deciding on the number of people needed to maximize per capita income or some other goal of their choice This work is done, or proposed, almost as if the essential questions would be solved once such a number were ascertained Problems of transition are neglected as if they did not exist as if numbers could be changed at will and without repercussions on the economy and society The abstraction is a dangerous one It neglects the fact that the nature of the social-economic changes selected to achieve the desired population size English for business management ... management Trang CHƯƠNG TRÌNH MƠN HỌC: ANH VĂN CHUN NGÀNH QUẢN TRỊ DOANH NGHIỆP Mã số môn học: MH 10 Thời gian môn học: 60h (Lý thuyết: 40h; Thực hành: 20h) I VỊ TRÍ, TÍNH CHẤT CỦA MƠN HỌC: -... Learning (India), 201 0 B Douglas Bernheim and Michael D Whinston, Microeconomics, Tata McGrawHill (India), 200 9 Dornbusch, Fischer and Startz, Macroeconomics, McGraw Hill, 11th edition, 201 0 N Gregory... Education Asia, 2nd edition, 200 5 Andrew B Abel and Ben S Bernanke, Macroeconomics, Pearson Education, Inc., 7th edition, 201 1.Errol D’Souza, Macroeconomics, Pearson Education, 200 9 Paul R Krugman, Maurice