INTRODUCTION TO BUSINESS ENGLISH

KODOLÁNYI/ 2014.PAP-MEDNYÁNSZKI JUSZTINA

BUSINESS ENGLISH

• Special vocabulary and topics

• Special communication skills

• Part of ESP (English for specific purposes)

The economy

• 1. the relationship between production, trade and the supply of money in a particular country or region

• E.g. The economy is in recession.

• 2. a country’s economic system• E.g. China is one of the world’s fastest growing

economies.

• 3. the use of time, money, etc. that is available in a way that avoids waste

• E.g. The diesel version of the car has better fuel economy.

• 4. a reduction in the amount of money that you spent

• E.g. It’s a false economy to buy cheap tools.

• Offering good value for the money that you spend

• E.g.a regular pack of 30 tablets or an economy pack of 60

• Source: Oxford business English dictionary for learners of English (OUP, 2005)

Word formation

ECONOMY-WORD FORMATIONS

• To control, manage, run, handle economy• To boost/ strenghten/ weaken the economy• A booming/ strong/ weak economy• The economy expands/ grows/ recovers• The economy slows down/ weakens• Black economy

ECONOMIC-WORD FORMATION

• Economic activity• Economic outlook• Economic crisis• Economic conditions /environment• Economic data/ figures• Economic research• Economic reports

ECONOMICAL-SAMPLE SENTENCES

• We are looking for the most economical production methods.

• It is not economical to sell these chemicals in small quantities.

• He always was economical when it came buying presents.

ECONOMICS- KEY PHRASES

Definition: the study of the production, distribution and use of goods and services; the study of how a society organizes its money, trade and industry.

• Supply and demand• The government (revenue/ income and

spending/ expenditure)• The budget (deficit and surplus)• Taxation

• Inflation• Subsidy• Recession• Monetary policy• Exchange rate• Stock exchange/ stock market• Consumption

• Resources• Macro-and microeconomics• GDP and GNP• Unemployment rate• National debt• Fiscal policy• Balance• account

ECONOMIC SECTORSPRIMARY

„The primary sector of the economy extracts or harvests products from the earth. The primary sector includes the production of raw material and basic foods.”

(Source:http://geography.about.com/od/urbaneconomicgeography/a/sectorseconomy.htm

)

ECONOMIC SECTORS-SECONDARY

„The secondary sector of the economy manufactures finished goods. All of manufacturing, processing, and construction lies within the secondary sector. „

ECONOMIC SECTORS-TERTIARY

„The tertiary sector of the economy is the service industry.”

Sources of images:

• http://www.australianscience.com.au/news/anu-csiro-form-new-food-agriculture-science-precinct/

• http://www.amanoverseas.com/forestry-and-logging-workers-recruitment-68

• http://www.virgin.com/unite/take-action/farmers-can-be-conservationists-too

Sources of images (II):

• http://week.manoramaonline.com/Cgi-bin/MMOnline.dll/portal/ep/theWeekContent.do?programId=10350679&tabId=9&contentId=12629735&BV_ID=@@@

• http://www.eurobodalla.com.au/fishing-jetties

• http://commons.wikimedia.org/wiki/File:Quail_Hunting_with_Dogs.jpg

Sources of images (III):

• http://cdn.lifestyle.com.au/cache/616x308/factsheets/thumbnails/TRAVEL-Solo-01.jpg

• http://study.com/cimages/multimages/16/perscdsiras.jpg

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