Innovative Methods of Mastering Economic Knowledge by Learning a Foreign Language

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The authors analyze innovative methods that can help students of cooperative universities to master economic knowledge through a foreign language. The types of professional activities of specialists in the cooperative sphere, where knowledge of a foreign language is necessary, are identified. The difficulties and their causes that students may encounter when mastering a foreign language in order to use it in their future professional activities are identified. The authors consider the importance of improving professional and communicative competence for students of cooperative universities, which is an integral component of professional growth and improvement, as it serves as an indicator of the manifestation of many professional qualities in the field of the cooperative sector of the economy. The following research methods were used: the analysis of scientific literature on the issues of the pedagogical experiment, pedagogical observation; questioning; student testing; the method of expert assessment; mathematical data processing. The authors concluded that such innovative methods as the portfolio method, case studies, and presentations not only arouse the interest of students and contribute to the development of economic knowledge, but also provide an opportunity to create a motivational environment, a creative learning atmosphere, allowing teachers to solve pedagogical, educational, developmental tasks.