I am a student of the Economic department of the Academy of Law and Management of the Federal Penal Service of the Russian Federation. In some years I’ll graduate from the Academy and become a professional economist. I’m sure that the profession of an economist is one of the most important nowadays in view of the situation in the country.
An economist should have a thorough training in economic theory, mathematics and statistics and our Academy offers such training. At the Academy we are taught various general and special subjects, such as Macroeconomics, Microeconomics, Management, Accounting, Marketing, Advertising, Money and Banking, Economic Theory, Statistics, Computer Science, Philosophy, Business Ethics, Foreign Languages, etc.
An economist needs some knowledge of the world outside his own country because both business and government are deeply involved in the world economy.
The profession of an economist is quite diversified. The graduates of our department work at educational institutions, in industry, business, banks, etc. being employed in industry and business, our graduates work as managers, executive managers, sales managers, financial managers. Some of us will work as accountants. An accountant is one of the most prestigious and widely required professions of an economist in any society. You shouldn’t mix an accountant with a book-keeper. While a book-keeper is mostly involved in calculations, like balance sheets, income statements, invoices, an accountant is responsible for designing the financial policy of a company.
Some of us will work at the banks, at the Stock Exchange as brokers, others will work for the government or will be employed by various agencies and by military services.
Knowing the economic laws of the development of the society, economists can solve many problems facing our country and I hope I’ manage to make my contribution to this process.
III. Do the following exercises:
Exercise 1. Read and translate the given words and their derivatives:
to graduate – graduation profession - professional
to calculate – calculation education - educational
to train – training industry - industrial
to know – knowledge finance - financial
to govern – government to execute - executive
to employ – employment to respond – responsible
Exercise 2. Read and translate the given word combinations from English into Russian:
in some years; to graduate from the Academy; I’m sure; in view of the situation; a thorough training; various subjects; the world outside his own country; to be deeply involved; executive managers; sales managers; financial managers; one of the most prestigious professions; one of the widely required professions; balance sheets; income statements; invoices; designing the financial policy; military services; problems facing our country; to make contribution to.
Exercise 3. Translate the given word combinations from Russian into English:
ñòàòü ïðîôåññèîíàëüíûì ýêîíîìèñòîì; îäíà èç ñàìûõ âàæíûõ ïðîôåññèé íà ñåãîäíÿøíèé äåíü; íàñ îáó÷àþò; ðàçëè÷íûå îáùèå è ñïåöèàëüíûå ïðåäìåòû; ìèð çà ïðåäåëàìè ñâîåé ñòðàíû; â ëþáîì îáùåñòâå; áûòü îòâåòñòâåííûì çà ÷òî-ëèáî; çàêîíû ðàçâèòèÿ îáùåñòâà; ðåøèòü ìíîãèå ïðîáëåìû.
Exercise 4. Make up correct word combinations:
to become calculations
to have a book - keeper
to be involved in a professional economist
to work in a thorough training
to work as business
to be responsible for the financial policy
Exercise 5. Choose the right variant:
A book – keeper - designing the financial policy
is responsible for of a company.
An accountant - balance sheets, invoices,
income statements.
Exercise 6. Finish the sentences:
1. In some years I’ll ... ... ... ... and become a ... ... .
2. The profession of an economist is one of ... ... ... ... .
3. An economist should have a ... ... ... ... ... .
4. An economist needs some knowledge of ... ... ... ... .
5. Business and government are deeply involved in ... ... ... .
6. Economists can solve many problems ... ... ... .
Exercise 7. Answer the questions:
1. Is the profession of an economist one of the most important nowadays?
2. What subjects and disciplines should you study to become a good specialist?
3. Why does an economist need some knowledge of the world outside his own country?
4. Where can you work after your graduation from the Academy?
5. What profession can you get at the Economics department?
6. What is one of the most prestigious and required professions in any society?
7. What is the difference between the responsibilities of a book – keeper and an accountant?
8. Will you be able to solve any problems facing our country?