Introduction to business English and the economy.

1. INTRODUCTION TO BUSINESS
ENGLISH
KODOLÁNYI/ 2014.
PAP-MEDNYÁNSZKI JUSZTINA

2. BUSINESS ENGLISH
• Special vocabulary and topics
• Special communication skills
• Part of ESP (English for specific purposes)

3. 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.

4. • 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.

5. • 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)

6. Word formation

7. 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

8. ECONOMIC-WORD FORMATION
• Economic activity
• Economic outlook
• Economic crisis
• Economic conditions /environment
• Economic data/ figures
• Economic research
• Economic reports

9. 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.

10. 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

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

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

13. ECONOMIC SECTORS
PRIMARY
„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/urbaneconomicge
)

21. ECONOMIC SECTORS-
SECONDARY
„The secondary sector of the economy
manufactures finished goods. All of
manufacturing, processing, and construction
lies within the secondary sector. „

25. ECONOMIC SECTORS-
TERTIARY
„The tertiary sector of the economy is the
service industry.”

30. Sources of images:
• http://www.australianscience.com.au/news/anu-c
• http://www.amanoverseas.com/forestry-and-logg
• http://www.virgin.com/unite/take-
action/farmers-can-be-conservationists-too

31. Sources of images (II):
• http://week.manoramaonline.com/Cgi-
bin/MMOnline.dll/portal/ep/theWeekContent
.do?
programId=10350679&tabId=9&contentId=12
629735&BV_ID=@@@
• http://www.eurobodalla.com.au/fishing-
jetties
• http://commons.wikimedia.org/wiki/File:Quai
l_Hunting_with_Dogs.jpg

32. Sources of images (III):
• http://cdn.lifestyle.com.au/cache/616x308/fa
ctsheets/thumbnails/TRAVEL-Solo-01.jpg
• http://study.com/cimages/multimages/16/pe
rscdsiras.jpg

33. THANK YOU FOR YOUR
ATTENTION!
