Read the text using a dictionary and answer the questions that follow it. The profession of an economist is one of the most important nowadays in view of the situation in our republic

The profession of an economist is one of the most important nowadays in view of the situation in our republic.

What makes a good economist? Whatever he does, an economist should have a thorough training in economic theory, mathematics and statistics. Students who chose the profession of an economist are taught various general and special subjects, such as Macroeconomics, Microeconomics, Management, Accounting, Marketing, Advertising, Money and Banking, Economic Theory, Econometrics, 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. Some knowledge of political and economic history will help him to expect changes and always look for basic long-run forces under the surface of things.

The profession of an economist is quite diversified. The graduates of this faculty work at educational institutions, various research centres and laboratories, in industry, business, banks, etc. He may continue his studies at the Post-graduate Courses or Doctorate if he has a desire and abilities to become a scientist or a professor. Scientists in the field of Economics create new theories and models, test their hypotheses and carry out economic researches.

Being employed in industry and business, graduates work as managers, as an executive manager, a sales manager, a financial manager. Some of them work as accountants. An accountant is one of the most prestigious and widely required professions of an economist in any society. Don’t mix an accountant and 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 them work at the banks, at the Stock Exchange as brokers, others work for the government or are 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 Republic.

Answer the questions on the text:

1. Why is the profession of an economist one of the most important nowadays in our Republic?

2. What makes a good economist?

3. The profession of an economist is quite diversified, isn’t it?

4. In what way do accountants differ from book-keepers?

5. What kinds of specialists are graduated of Economics Faculty?

6. How can you continue your studies after graduating from the Economics Faculty?

7. What does the profession of an economist contribute to?