To enter the Master’s program “International Economics and Finance”, implemented in English, applicants must complete entrance examinations in English and an interdisciplinary test in the “General Economic Theory”.

How to prepare for testing in English?

An introductory English test is conducted to determine the level of academic English, in writing and lasts 1 hour and 20 minutes. The test consists of three parts: 1. listening, 2. lexical and grammatical part, and 3. part containing tasks for understanding texts.

The listening section evaluates the ability to listen to spoken words, to make conclusions based on what has been heard and to answer questions based on the information heard. To perform tasks in the listening section, 10 minutes are allocated. Applicants are invited to listen to the oral presentation and answer questions about the specific information contained in the passage, make changes to the proposed answers (correct inaccuracies), supplement unfinished proposals based on the listened.
In the section of vocabulary and grammar, skills are tested to apply the grammar norms of English in practice. The tasks in this section take about 35 minutes to complete. The section contains tasks of several types: tasks for compiling stable phrases and idiomatic expressions from the proposed words, determining the meaning of stable word combinations and idiomatic expressions, selecting the right verb for the use of it in a certain context, identifying grammatical errors in the proposed text.
Particular attention in the test is given to the following topics, traditionally causing difficulties for Russian-speaking persons.

Wrong verbs (cost, spread, cast, lie, lay etc).

V-ing – to V.

Constructs used to, be used to, get used to.

The use of times after after, as soon as, before, by the time etc.

Lexical difficulties (conscious, consciousness, conscience, conscientious etc).

Countable – uncountable nouns (advice, knowledge, permission etc).

Adverbs are adjectives (lovely, likely, cowardly etc).

The use of articles

Use gerund or infinitive after English verbs

Conditional constructions.

The duration of the third part – task for understanding the text – 25 minutes. This section of the test assesses reading skills, vocabulary, ability to work with synonyms, knowledge of the stylistic features of the language, the ability to guess the meaning of unfamiliar words from the context, using the analysis of parts of the word. Texts, as well as examples from the second part, are built on the basis of academic English.
For good preparation, you can use the TOEFL preparation manuals (for example, Official Guide and Cracking the TOEFL), use the official website and try the on-line http samples : // Test = 1, learn to listen and understand lectures, speech, for example here you can find lecture notes on different topics

Sample tasks for testing English language skills:

Write the most appropriate modal verb (positive or negative) in each gap. The meaning is given in brackets.

You _______________have gone to the presentation on team-building. It was excellent! (It was recommended)
She _______________have gone home already – it’s only 3 p.m. (It’s impossible)
There were only two people who could have left this message. It was not John, so it was _______________have been Manuel. (That’s the logical conclusion)
You _______________have made all those photocopies. I’ve already printed out copies for everyone. (It was not necessary)
I _______________have taken the airport bus, but the last one had left, so I got a taxi. (If there had been a bus …)
How to prepare for the interdisciplinary test “General economic theory”?

For a good preparation for the introductory testing, we advise our entrants to carefully read the MSE MSE Entrance Test Program and, in particular, carefully read the following topics:

Monetary sector in the economy

The essence and function of money. Modern banking system: the structure and functions of the banking system. The central bank and commercial banks, their functions and relationships. The process of creating money by the banking system. The market of money.

Inflation, employment, unemployment

Employment and unemployment. Causes of unemployment. Unemployment rate indicator. Inflation and its measurement. Methods of conducting anti-inflationary policy and its economic costs. The relationship between inflation and unemployment: the Phillips curve.

Exchange rate and foreign exchange market

Determination of the exchange rate. Nominal and real exchange rate. The theory of purchasing power parity. Factors affecting the real exchange rate. Exchange rate regimes. Characteristics and types of foreign exchange markets. Participants of the foreign exchange market.

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