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Unit 13. Money and Banking

Unit 13. Money and Banking

Description:

The objective is to supplement Macmillan Guide to Economics Course Book, Unit 13, i.e. to expose the students to more vocabulary describing money, to make them think critically about this concept, to compare Anglo-saxon and Russian attitude towards money expressed in proverbs and sayings, to speculate about the future of fiat money and e-currency. 

As a result of completing supplementary tutorial, students will be well prepared for the informal assessment - debate "Money: Good or Evil"? 

The tutorial contains supplementary videos, audios and tasks to prepare students for a debate "Money: Good or Evil?"

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Tutorial

The History of Money

Watch the slideshow on the history of money and answer the quiz.

open player in a new window

ABBA - Money, Money, Money (1976)

Listen to one of the most famous songs about money and identify typicaly Western attitude towards it.
Do you feel the same about money?

English Proverbs about Money

Do these English Money Proverbs have Russian equivalents? What is your favourite one? 

 

  • A fool and his money are soon parted.
  • A golden key can open any door.
  • A penny saved is a penny earned.
  • Beggars can't be choosers.
  • Don't put all your eggs in one basket.
  • Easy come, easy go.
  • Gold may be bought too dear.
  • He who pays the piper calls the tune.
  • Lend your money and lose your friend.
  • Money doesn't grow on trees. 
  • Money has no smell.
  • Money is power.
  • Money is the root of all evil.
  • Money makes money.
  • Never marry for money but marry where money is.
  • No penny, no paternoster.
  • Nothing ventured, nothing gained.
  • The best things in life are free.
  • There's no such thing as a free lunch.
  • Time is money.
  • When poverty comes in at the door, love flies out of the window.
  • Whose bread I eat, his song I sing.
  • You can't take it with you when you go.
     

Paul Kemp-Robertson: Bitcoin. Sweat. Tide. Meet the future of branded currency.

Watch a presentation on e-currency and identify its advantages and disadvantages.

THE TASK

Take the quiz on the right top of this tutorial and type the answers to the tasks in the area below (Questions and Answers).

Comment on at least two posts of your group mates.

Prepare to present and defend your opinion on whether money is good or evil thing for the debates next lesson.