Unit 5 Money,International Business English, Book 3,Contents,Teaching Objectives and requirement,Objectives: To enable Ss to talk about money To familiarize Ss with various types of figures, percentages, decimals, etc. To make Ss be able to describe trends To develop Ss listening and reading skills To improve Ss problem-solving ability To enhance Ss business writing techniques by writing a report,Starting up,Discuss with your partner and think of as many words as you can that are connected with money.,Starting up,Some Nouns bank currency cash credit loan paper money pocket money（零用钱） small money ready money（现金）,v. + money save money spend money earn money make money pay money raise money refund money（退款） change money deposit money in a bank draw money in a bank marry money（同有钱人结婚）,Do the quiz individually. Then compare answers with a partner.,1. How much cash do you have with you at the moment? Do you: a) know exactly? b) know approximately? c) not know at all?,2. Do you normally check: a) your change? b) your bank statements and credit card bills? c) restaurant bills? d) your receipts when shopping? e) prices in several shops before your buy something?,Starting up,Starting up,3. Do you: a) give money to beggars? b) give money to charities（慈善机构）? c) give away used items, such as clothing? 4. If you go for a meal with someone you dont know well, do you: a) offer to pay whole bill? b) suggest dividing the bill into equal parts? c) offer to pay the whole bill but expect them to pay next time? d) try to avoid paying anything?,5. What do you think about people who do not pay the correct amount of tax? Is that a) a serious crime? b) morally wrong but not a crime? c) excellent business practice? 6. If you lend a colleague a small amount of money and they forget to pay it back, do you: a) say nothing? b) remind them that they owe you money? c) arrange to go for a drink with them and say youve forgotten your wallet or purse?,Starting up,Listening: Making loans,Gerard Gardner, an executive director of EFG Private Bank Ltd, lends money to businesses. In his interview he describes three important factors to consider when deciding whether to make a loan. What do you think these factors will be?,Before Listening,Listening: Making loans,Listen again and make notes about the three factors,9.3,The individual: Are they prepared? Do they know what they want? Do they understand what is required? Can they explain with clarity the purpose for which the money is required? Are they confident? The business: Can it provide the means of repaying the money that it has borrowed? Does the business plan demonstrate this? Does the business plan include details of business structure as well as financial information (logical thought processes often produce good financial structures)? Intuition: If it doesnt sound right, it probably isnt.,Listening 1,Listening: Making loans,Now listen to the second part of the interview. Gerard mentions two examples from his experience. What does he say about them?,9.4,1st, successful businessman who sold his business and then bought it back when it was unsuccessful; now more successful and profitable than before. 2nd, entirely new product badly presented; with considerable assistance in restructuring the proposal a successful business structure was created; the firm is now a well-known UK company.,Listening 2,Listening: Making loans,What big opportunity did Gerard miss?,Financing a business which screen-printed logos on umbrellas.,9.4,Listening 2,Listening: Making loans,E. Complete the summary with the words below.,After Listening,intuitively clear confidence logically,The business plan needs to be and presented . The presenter should speak with to persuade the investor that the project is worthwhile. However, at the end of the day, the investor may feel that the project is not worth investing in.,clear,logically,confidence,intuitively,Skills: Dealing with figures,Saying numbers Years: 1984 nineteen eighty four 2001 two thousand and one Currencies: 3.15 three pounds fifteen $7.80 seven dollars eighty 250 two hundred and fifty euros Decimals: 16.5 sixteen point five 17.38% seventeen point three eight percent 0.185 (nought / zero) point one eight five,Skills: Dealing with figures,Saying numbers Bigger numbers 3,560 three thousand five hundred (and) sixty 598,347 five hundred (and) ninety-eight thousand, three hundred (and) forty-seven 1,300,402 one million three hundred thousand, four hundred (and) two 1m one / a million (1,000,000) 3bn three billion (3,000,000,000) $7.5bn seven point five billion dollars 478m four hundred (and) seventy eight million pounds,Video: The Great ID,Before you watch,Read about the words Hilary Baker say in Part 1 of the video and guess what she has to do tomorrow.,“Im just tense, thats all. Too much to do, too little time.” “You know any kind of public speaking terrifies me and th