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BEP 231 – Discussing the Economy (Part 1)

Business English, Business English Vocabulary, English Collocations, Finance and Accounting /

Welcome back to Business English Pod today’s lesson on discussing the economy.

Listen to the news, the politicians, or your coworkers, and what do you hear them talking about? The economy. It’s up or it’s down. It’s good or it’s bad. Conditions are improving or getting worse. And it’s important to us because as the economy goes, so goes our business and careers.

But what do people mean when they say the economy? Is there only one economy? Well, in this global age, the economy often refers to the world economy. But we also say the economy to talk about a specific country, whether it’s our own or another country we’re doing business with. In this lesson, you’ll hear about a few different economies and you’ll learn some common expressions used to discuss economic conditions.

Before we listen, let’s talk a little about collocations. A collocation is a group of words that native speakers often use together. A correct collocation sounds natural, while an incorrect collocation sounds unnatural. For example, in English we say “go online” to talk about using the Internet. But we can’t say “proceed online” or “travel online,” even though “proceed” and “travel” mean “go.” Those simply aren’t natural expressions.

You’ll hear many useful collocations in today’s dialog. As you listen, try to pick out these natural combinations of words. Then we’ll explain what they mean and how to use them in the debrief.

We’re going to hear a conversation between David and Gordon, two expats working in Southeast Asia. David has been around for several years and is familiar with the economic situation. Gordon is new to the region and has recently completed a tour of Vietnam, Cambodia, and Burma.

Listening Questions

1. What does David say the government of Vietnam has done well?
2. What is happening to the labor force in Vietnam?
3. What is one of the problems in Vietnam mentioned by the speakers?

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BEN 22 – Telecommuting: Back to the Office

Business English, Business English Vocabulary, Business News, English Collocations /

Business English News 22 - Telecommuting

In this Business English News lesson, we look at trends in the workplace, particularly changing attitudes to telecommuting.

The question of “live to work or work to live” has been around for decades, with many employees trying to strike that perfect work-life balance. Employees around the world benefit from the use of modern technology to do their work in the comfort of their own homes.

Recently though, Yahoo’s CEO, Marissa Mayer, made some waves with her decision that all employees must work their 9 to 5s in the office.

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BEP 224 – Financial English: Discussing a Budget (2)

Business English, Business English Vocabulary, English Collocations, Finance and Accounting /

In this Business English Pod lesson, we continue our look at vocabulary and collocations for discussing a budget.

A budget is a plan for spending money. And you’ll often hear the word “budget” used as a noun. But “budget” is also a verb. We can budget carefully or poorly. We can budget not only money but also time. And how we budget can help or harm our business. If we spend too much money, we may decrease profits. But if we don’t spend enough money, the business may not grow or thrive. It’s all about balance.

A typical budget includes a long list of items that we need to spend money on. And in a budget meeting, you’ll hear people talk, or argue, about where to spend more and where to spend less. So, how do we do this? Well, in today’s dialog, we’ll learn some of the common expressions we use when we discuss budgets.

Before we listen, let’s talk a little about English collocations. A collocation is a group of words that native speakers often use together. A correct collocation sounds natural, while an incorrect collocation sounds unnatural. For example, in English we say “budget cuts” to talk about lower spending. But we can’t say “budget slices” or “budget chops,” even though “slice” and “chop” mean “cut.” Those simply aren’t natural expressions.

You’ll hear many useful collocations in today’s dialog. As you listen, try to pick out these natural combinations of words. Then we’ll explain what they mean and how to use them in the debrief.

Today we’ll rejoin Kate, Harry, and Linda as they discuss the budget for their IT department. Kate and Harry are managers, and Linda is their supervisor. Last time, they talked about the past year’s budget. Today, you’ll hear them making a plan for the upcoming year.

Listening Questions

1. What does Kate say the finance department wants to focus on?
2. What is Harry’s concern about replacing the workstations?
3. What does Kate think can be changed to save money?

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BEP 223 – Financial English: Discussing a Budget (1)

Business English, Business English Vocabulary, English Collocations, Finance and Accounting /

Welcome back to Business English Pod for today’s lesson on financial English vocabulary and discussing a budget.

Budgets aren’t just for accountants. Almost everyone in business has to talk about money and how to spend it. It doesn’t matter if you’re a manager with a million dollar budget or a field tech just tracking your expenses. You’ll be talking about money and budgets.

In fact, talk about budgets is everywhere. Turn on the news and it’s not hard to hear people discussing budget “cuts” or budget “reductions.” You can hear about governments with budget “deficits” and budget “surpluses.” Everyone’s worried about money, and in business, earning more often means spending less. These are the topics you’ll hear about today.

Before we listen, let’s talk a little about collocations. A collocation is a group of words that native speakers often use together. A correct collocation sounds natural, while an incorrect collocation sounds unnatural. For example, in English we say “budget cuts” to talk about lower spending. But we can’t say “budget slices” or “budget chops,” even though “slice” and “chop” mean “cut.” Those simply aren’t natural expressions.

You’ll hear many useful collocations in today’s dialog. As you listen, try to pick out these natural combinations of words. Then we’ll explain what they mean and how to use them in the debrief.

You’re going to hear a conversation between two managers in the IT department of a large company and their boss. Kate and Harry are the managers, and Linda is the boss. They’re discussing the past year’s budget and how they spent their department’s money.

Listening Questions

1. What does Linda want to examine first?
2. What does Harry say about the large one-time cost the department had?
3. According to Linda, what is finance concerned about?

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BEN 21 – Business Trends for 2013

Business English, Business English Vocabulary, Business News, English Collocations /

Business Trends for 2013

In this Business English News lesson, we take a look at the prospects for 2013.

As the world rang in 2013, many analysts and commentators feel that it’s time to pull out the crystal ball and try to determine what’s in store in the coming 12 months. As the OECD Secretary-General Angel Gurria explains, there’s still a lot of work to do.

The world economy is far from being out of the woods. The US ”˜debt ceiling debate’, if it materializes, could tip an already weak economy into recession, while failure to solve the euro area crisis could lead to a major financial shock and global downturn. Governments must act decisively, using all the tools at their disposal to turn confidence around and boost growth and jobs.

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