ÏÐÅÄÈÑËÎÂÈÅ.. 2
UNIT 1. ECONOMIC ENVIRONMENT.. 4
A. TEXT. WHAT IS ECONOMICS ALL ABOUT?. 4
B. DIALOGUE. 4BUSINESS CLIMATE IN RUSSIA.. 4
.. 4
VOCABULARY LIST.. 6
EXERCISES. 9
DISCUSSION.. 14
READING PRACTICE.. 17
UNIT 2. PUBLIC FINANCE.. 18
A. TEXT. FINANCE AND FINANCIAL SYSTEM... 18
B. DIALOGUE. BUDGET ORGANIZATION AND BUDGET PROCESS. 19
VOCABULARY LIST. 20
EXERCISES. 23
DISCUSSION.. 28
READING PRACTICE.. 31
UNIT 3. FISCAL MANAGEMENT.. 33
A. TEXT. FINANCIAL POLICY. FISCAL SPHERE.. 33
B. DIALOGUE. EFFECTIVE FISCAL POLICY. 34
VOCABULARY LIST. 35
EXERCISES. 36
DISCUSSION.. 41
READING PRACTICE.. 45
UNIT 4. CENTRAL BANKING. MONETARY POLICY.. 48
A. TEXT. CENTRAL BANKING SYSTEM... 48
B. DIALOGUE. BANKING SYSTEM IN RUSSIA.. 49
VOCABULARY LIST. 50
EXERCISES. 52
DISCUSSION.. 57
READING PRA CTICE.. 61
UNIT 5. BANKING SYSTEM... 65
A. TEXT. COMMERCIAL BANKS. 65
B. DIALOGUE . Interview With a Bank Manager.. 66
VOCABULARY LIST. 67
EXERCISES. 69
DISCUSSION.. 74
READING PRACTICE.. 78
UNIT 6. TAXATION.. 81
A. TEXT. WHAT ARE TAXES?. 81
B. DIALOGUE. TAXATION IN RUSSIA.. 82
VOCABULARY LIST. 83
EXERCISES. 85
DISCUSSION.. 90
READING PRACTICE.. 93
UNIT 7. INTERNATIONAL MONETARY SYSTEM... 94
A. TEXT. INTERNATIONAL MONETARY INSTITUTIONS. 94
B. DIALOGUE. IMF'S SUPPORT FOR RUSSIAN REFORMS. 95
VOCABULARY LIST. 96
EXERCISES. 97
DISCUSSION.. 103
READING PRACTICE.. 105
UNIT 8. FINANCIAL MARKETS. THE BOND MARKET.. 108
A. TEXT. TRADING IN THE BOND MARKET. 108
B. DIALOGUE. THE BOND MARKET. 109
VOCABULARY LIST. 109
EXERCISES. 111
DISCUSSION.. 115
READING PRACTICE.. 118
UNIT 9. FINANCIAL MARKETS. THE STOCK MARKET.. 120
A. TEXT. STOCKS AND MARKETS. 120
B. DIALOGUE. THE CORPORATE SECURITIES MARKET IN RUSSIA.. 121
VOCABULARY LIST. 122
EXERCISES. 123
DISCUSSION.. 128
READING PRACTICE.. 132
UNIT 10. INVESTMENT ACTIVITY.. 134
A. TEXT. INVESTMENTS. 134
B. DIALOGUE. INVESTMENT CLIMATE.. 135
VOCABULARY LIST. 135
EXERCISES. 136
DISCUSSION.. 141
READING PRACTICE.. 144
UNIT 11. FOREIGN EXCHANGE MARKET. GLOBAL FINANCIAL MARKETS. 145
A. TEXT. TRADING IN THE FOREIGN EXCHANGE MARKET. 145
B. DIALOGUE. CORNERSTONE OF THE GLOBAL FINANCIAL MARKET. 146
VOCABULARY LIST. 147
EXERCISES. 147
DISCUSSION.. 153
READING PRACTICE.. 155
UNIT 12. FINANCIAL MANAGEMENT.. 156
A. TEXT. FINANCE FUNCTION.. 156
B. TEXT. FINANCIAL RATIOS. 157
C. DIALOGUE. RATIO ANALYSIS. 158
VOCABULARY LIST. 158
EXERCISES. 160
DISCUSSION.. 165
READING PRACTICE.. 168
UNIT 13. ACCOUNTING.. 170
A. TEXT. ACCOUNTING PRINCIPLES AND CONCEPTS. 170
B. DIALOGUE. ACCOUNTANCY IN A FREE-MARKET ECONOMY. 171
C. DIALOGUE. PUBLIC AND PRIVATE ACCOUNTANTS. 171
VOCABULARY LIST. 172
EXERCISES. 174
DISCUSSION.. 179
READING PRACTICE.. 182
UNIT 14. AUDITING.. 188
A. TEXT. PERFORMING AN AUDIT. 188
B. DIALOGUE. AUDITING IN RUSSIA.. 189
VOCABULARY LIST. 190
EXERCISES. 192
DISCUSSION.. 197
READING PRACTICE.. 200
BANKING CORRESPONDENCE.. 201
DICTIONARY OF KEY WORDS. 211
Contents. 232