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,单击此处编辑母版标题样式,单击此处编辑母版文本样式,第二级,第三级,第四级,第五级,YOUR COMPANY NAME or YOUR SITE ADDRESS,*,LOGO,单击此处编辑母版标题样式,单击此处编辑母版文本样式,第二级,第三级,第四级,第五级,YOUR COMPANY NAME or YOUR SITE ADDRESS,*,LOGO,单击此处编辑母版标题样式,单击此处编辑母版文本样式,第二级,第三级,第四级,第五级,YOUR COMPANY NAME or YOUR SITE ADDRESS,*,LOGO,Unit 4 Financial matters,Lessons,Team Project,Review,Additional Resources,EXIT,Unit 4 Financial matters,Lesson 1 Keeping a record of personal expenses,Lesson 2 Starting out,Lesson 3 Managing expenses,Lesson 4 Economic issues,Lesson 5 Investments,Lesson 6 Changes in the way we do things,EXIT,Unit 4 Financial matters,Additional Resources,Unit Test,Reading,Resources,Additional,Activities,Writing,Resources,Grammar,Resources,EXIT,In pairs or small groups,brainstorm a list of the expenses that students have to pay when they are away at college.,Lesson 1,Keeping a record of personal expenses,a,Expenses,Listen to two students talking about the expenses they expect to,have as they start out on their own.Complete the chart.,b,Script,Key,Rent,0,Food,100,Textbooks,Clothes,50,30,500,400,150,0,30,Tuition,Utilities,Transport,Recreation,Michelle,500,400,300,0,Roger,50,70,0,Anne is planning to do an MBA and she is calculating her income,and expenses for the coming year.In pairs,estimate what you,think her income might be and complete Column A in the chart.,Use some of the phrases in the box to help you.,c,I think she probably earns.It is possible that she.It is likely that she.,Annual Income,A,B,Saved earnings from summer job,Part-time work during coming year,Savings,Grants,Other income,Total income for academic year,Now listen and complete Column B of the chart.Then compare and discuss your estimates with your classmates.,d,Key,Saved earnings from summer job:,Part-time work during coming year:,Savings:,Grants:,Other income:,Total income for academic year:,Script,$2,500,$2,500,$1,000,$1,000,$2,000,$9,000,Now listen and make notes of Annes projected expenses.,e,Key,Script,Monthly Expenses,Rent,Books/School supplies,Food/Household supplies,New clothes,Entertainment,Telephone,Transportation,Total,monthly,expenses,10=Total,annual,expenses,_,300,350,0,50,40,20,1,160,11,600,400,In pairs,discuss the following questions.,f,1.Which of Annes expenses are fixed?,2.Which of her expenses are variable?,3.Why wont Anne rent a place of her own this year?,4.Why does Anne expect her expenditure on transportation to be low?,5.Which expense does Anne intend to eliminate completely?,6.What do you think of Annes decision to ask for a bank loan of$3,000?,In small groups,role-play conversations about your expected expenditure on various items.,g,Examples:,How much do you think youll have to spend on rent every month?,What do you think your transportation expenses will be each month?,Write a paragraph about your thoughts regarding expenditure,for a years study,away from home.Use the expressions in the,box to help you.,h,Compare and discuss your ideas in pairs.,i,I need to figure out.,Ill probably need.,I may need to borrow.,I should plan.,Ill have to stay.,Ill,definitely have to cut down on.,Roger:,Hi,Michelle.How are you doing?,Michelle:,Hi,Roger.,Roger:,So,are you ready for the independent life?,Michelle:,Well,you know how I was really looking forward to,getting away from home?Well,now Im beginning to wonder how Ill manage my money and survive on my own.Its easy when your parents pay all the bills but its gonna be different from here on.,Roger:,Yeah,I know.My rent is$400 a month and thats in a,shared house.,Michelle:,Mine is the same,but that includes all bills.,Roger:,Really?Not for me.I have to pay all utilities separatelyitll be about$50 a month.My parents are going to pay for my tuition this semesterabout$500.,Michelle:,Mine tooI think it costs the same as yours.You know,I think the toughest thing to manage is going to be food.Theres always the temptation to eat fast food,but that is so unhealthy.I am going to try to follow a healthy diet.My mom thinks food will cost about$100 a week.,Roger:,I want to keep my food expenses down to about$70 a week.I am also going to buy a bike and cycle to college.That way I wont have any transportation expenses.,Michelle:,My accommodation is only a five minutes walk from the college so transport expenses will only be train fares home,which is about$50 a month.,Roger:,I bought enough clothes for the term,so I dont really expect to have to spend anything on clothes.,Michelle:,Same with me.You know,I heard books can be quite,expensive.We might have to spend like$300 on textbooks!,Roger:,Thats a lot!Im going to try to find some used books.Id,like to keep the cost of books to around$150.And what about recreation?I definitely need to go to the movies like at least once a week.Im going to budget for about$30 at first.,Michelle:,Me,too,and then a little more after I find a part-time job.Anyway,Ive got to hurry now.See you tomorrow.,Roger:,Yeah.See you,Michelle.,Anne:,Doing an MBA is definitely expensive.I need to prepare a,personal budget.I should plan my expenses so I dont end up broke in the middle of the year.First,Ill calculate my expenses so I can figure out how much Ill have for the year.Its a good thing I worked in the summerthe$2,500 I managed to save will definitely be useful along with the$1,000 I have in my savings account.I think I can count on about$250 a month from my part-time job at the library so that gives me another$2,500 for the year.I really dont,want to take any money from the family,but they have agreed to cover any medical and dental expenseshopefully there wont be any.Then there is the$1,000 from the grant along with payment of the tuition fees,which is a great bonus.I think Ill go ahead and sell my car.I wont need it this year and that should get me another$2,000.,Anne:,Right,now the hard partexpenses.First thing every month is the rent$400 a month.Ill have to stay in the shared house because I just cant afford a place on my own.Books and supplies it seems will cost about$300 in total and Ill probably need about$350 a month for food and household supplies.Ill definitely have to cut out shopping for new clothes and limit myself to about$50 a month for entertainment and lets say$40 a month for phone and just$20 for transportation since I can walk to most destinations.So,if my calculations are correct,that gives me$9,000 income and expenses of over$11,000 so Ill need to borrow to deal with the difference.Ill go to the bank early next week and request a loan of$3,000.I can defer payment until I graduate.Id better find a good job after this!,Lesson 2,Starting out,Discuss these questions in pairs.,a,1.What advantages are there in opening a bank account?,2.What would a bank gain from having you as a customer?,Look at the brochure and answer the questions.,b,1.What sort of a brochure is this?,2.Have you ever come across similar material?Where?,3.Who is it designed for?Why do you think so?,Student Account,This is an offer with mutual benefitsin other words,its good for you and its good for us.Theres a good chance that in five to ten years time,you could be a successful entrepreneur running your own business.By then,as one of our best clients,your good reputation will be your collateral in securing loans.Therefore,we want to invite you to join us now with this great special offer.,Whats in it for me?,a bank card that lets you withdraw money at thousands of ATMs nationwide,free advice and counseling about saving and money management,free bonus credit for your mobile phone if you pay with your bank card,no bank chargeswe dont charge you for having an account with us,free monthly statements so that you can check your balance and keep track of your income and expenses,discount card that gets you a 10%discount at selected music and sports stores,So what do I have to do?,It couldnt be easier!Stop by your local branch.Just bring a current IDa passport or a drivers license is fineand a recent bill(utilities,telephone,etc.)with your name or your parents name and address on it.,1.In your opinion,which of the benefits offered by the bank are of greatest value to students?,2.What advantages are there for banks in making special offers to students?,3.Why might students in particular need advice on money management?,4.Why would it be advantageous for music and sports shops to offer a discount?,Read the text and answer the questions.,c,Using a dictionary if necessary,write definitions of these,words as they are used,in the text.,d,1.mutual,_,2.entrepreneur,_,3.collateral,_,4.withdraw,_,5.charges,_,6.balance,_,_,shared by both parties,a person who runs his/her own business,something offered to a lender as security for a loan,to take out money from ones bank account,fees that account holders pay for bank services,the amount of money in a persons bank account at a,given time,Key,In pairs or small groups,discuss the style and tone of the,brochure in Exercise b.Focus in particular on the words,expressions,contractions,etc.,that give the text an informal,feel.,e,Chris is a student who wants to apply for a credit card.Listen,to his conversation with a bank employee and complete these,notes.,f,Script,Key,Why Chris needs a credit card:,Application procedure:,Repayment options:,1.,2.,3.,Bank employees recommendation:,Annual charges:,Interest rate:,for booking airline tickets,fill out a form,obtain managers approval,make partial payment,partial payment each month on what is owed,$40,18%,pay balance in full,pay fixed amount at fixed intervals,You have received the following letter from your bank about,an overdue payment on your credit card.You recently moved,and did not receive the first notice of payment.In your notebook,write a letter to the bank apologizing and explaining what happened.Mention that you include a check for the total amount owed.,g,Dear Ms./Mr._,Our records indicate that you have not paid the minimum amount outstanding on your credit card.This money is now three weeks overdue.We regret to inform you that we are forced to suspend your credit card until full payment is made.As soon as payment is made,credit card facilities will be restored.,Sincerely,Greg Richards,Student Accounts Manager,Bank employee:,Good morning.Can I help you?,Chris:,Yes.My name is Chris Brown.I have an account here and Id like to apply for a credit card.,Bank employee:,Fine.Can you give me your account number and let me check your history with us?,Chris:,Here it is.Ive had an account here for the last four years.,Bank employee:,I see.Well,from what I see here,Chris,your credit history is goodjust one small loan that was paid back on time.Of course,you know that as a student there are some restrictions on the type of credit card you can have.,Chris:,Yes,Im aware of that.But I really need a card for booking airline tickets and things like that.,Bank Employee:,Okay,well,the first thing to do is fill out this form.Then I have to give it to the manager for his approval.But that shouldnt be a problem.,Chris:,Great.Now,can you explain about the different repayment options that are available?,Bank employee:,Certainly.You can choose to make a partial,payment each month on what you owe on the card,or you can pay the balance in full each month,or you can pay a fixed amount in equal payments at fixed intervals.Personally,I would recommend making a partial payment each month on what you owe.,Chris:,Fine.But what about the charges and interest rates on the card.Ive heard that they can be quite high.,Bank employee:,Our bank charges a fixed annual charge of$40 for using the card.If you dont pay the minimum amount due within the given time limit,the interest rate here is 18%.The most important thing is to pay off the minimum amount due on time.,Chris:,Okay,well lets set it up so that the minimum amount due is automatically deducted from my checking account.,Bank employee:,Certainly.So,if you could just fill out this.,Lesson 3,Managing expenses,In pairs or small groups,answer the questions.,a,1.What do you know about the,financial and accounting side of,business?,2.Would you like to work in the,financial and accounting,department of a company?,Why or why not?,In pairs,match each word or phrase in the box with the,correct definition.,b,Key,capital liabilities balance sheet fixed assets,debtor current assets creditor inflation,1.a person,group,or organization that owes money _,2.assets that a business has and uses over a long period of time,_,3.a person,group,or organization to whom money is owed _,4.the rate of increase in the price of goods over a period of time _,5.accumulated wealth especially money used to produce more wealth,_,6.a statement showing the financial position of a business,_,7.assets that can change from day to day,_,8.current and fixed debts and expenses that must be paid _,debtor,capital,creditor,inflation,fixed assets,balance sheet,current assets,liabilities,Listen to this Finance Director and complete the balance,sheet with the,correct numbers.,c,Key,50,000,60,000,7,000,5,000,2,500,Script,Now use the information in the balance sheet to complete,these calculations.,d,1.Working capital(current assets-current liabilities)=_,2.Total net assets(fixed assets+working capital)=_,Key,$10,700,$520,700,Read the article and decide if the statements are,true,or,false,.,e,I,I was created in 1998 to sell fashion clothing over the,Internet.By the time the company was liquidated in May 2000,huge amounts of capital had been spent on the venture.The Financial Times described I as“Europes first big Internet casualty.”,What went wrong?Company founders spent$120 million on startup and within a few months the company was valued at$380 million.However,bad management decisions led to spiraling costs that brought the company down.Its expected success was based on predictions that online shopping would increase to$20 billion by 2005.Online shopping has increased,but the market analysis for clothing products was not accurate.,But this was not the only problem.The overall financial outlay of I was too high.Huge investments were made in complex website technology,which then experienced problems that drove costs even higher.,The online catalog was very expensiveit had to be translated into several European languagesand it then needed further expenditure to keep it updated.Large numbers of staff were hired,resulting in a huge payroll and enormous expense accounts.The company offered free delivery,which created very high postal costs.When items were returned,delivery costs doubled.I found itself in serious trouble and eventually collapsed.Major shareholders lost vast sums of money,advertising agencies were owed around$25 million,and many staff members went unpaid.,Key,In pairs,discuss the meaning of these words and phrases,from the text.Then write a definition for each term in your,notebook.,f,liquidated venture casualty spiraling costs,financial outlay payroll expense accounts shareholders,In pairs or small groups,discuss these questions.,g,1.What lessons can be learned from the experience of I?,2.If
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