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ESL Business English Lesson Plan Intermediate Plus - Money

Updated on May 15, 2015

Lesson Plan Contents


Contains:

  • Warm up
  • Reading
  • Reading comprehension questions
  • Prepositions
  • Vocabulary match
  • Discussion questions
  • Idioms
  • Role-play
  • Answers

Level: Intermediate.

Learners: Business English, adults and teens.

Time: 60-90 minutes

ESL Business English Lesson Plan Intermediate Plus - Money

Source

Warm up


  • Have you ever lost any money? How much?

  • Have you ever found any money? Where?

  • Have you ever lost all the information on your hard drive? What happened?


Reading – The Man Who Threw Millions in the Bin


In a landfill in Wales underneath 4 feet of rubbish there is a hard drive worth well over £4 million. How on earth did it get there? Well, according to James Howells, the owner of the hard drive, he threw it out while cleaning up his room during the summer.

Howells began mining something called Bitcoin back in 2009 by running a program on his computer for a week. His girlfriend complained of the noise it made and so he shut down the programme. After spilling lemonade on the computer, he sold the parts, but kept the hard drive for 3 years until that fateful day. The lost hard drive contained 7500 Bitcoins and the private key that allows you to access and spend the money.

Unusually for someone who works in IT, he had no backup. After hearing about a man in Norway who made a killing on Bitcoin, he decided to check out the going rate of a Bitcoin and discovered that his collection would have been worth £4.6 million. He considered getting a team together to search the landfill, but didn't have the funds to pay for the recovery. And with no guarantee of finding the hard drive, Howells is resigned to the fact that he was almost a millionaire.

So what is Bitcoin exactly?

Bitcoin is the first decentralised digital currency that doesn't use banks or middlemen. You can send them through the internet, the processing fees are low or cost nothing and they are kept in your digital 'wallet' on your computer. They can be sent peer-to- peer and used to spend on a variety of products from clothes to petrol to food and services...etc. Even giant corporations like Virgin have accepted Bitcoin as a method of payment for its Virgin Galactic Flights. And several Bitcoin cash machines have opened across the globe.

What makes Bitcoin unique is the software used to mine it is open-source - that means nobody owns Bitcoin and everyone can look at, use or modify the code. Even though it is a relatively new phenomenon, it is growing with lightning speed. By August 2013 there were $1.5 billion Bitcoins in circulation.


Reading Comprehension Questions


  1. 'Howells began mining something called Bitcoins'. Name something else that you mine?

  2. Why did he stop mining the coins?

  3. What is a landfill?

  4. '...that fateful day'. What does this expression mean?

  5. What does 'To make a killing' mean?

  6. If you are resigned to something does that mean that - a) you have quit your job b) you have accepted something.

  7. What makes Bitcoin different from regular money?

  8. Find the expression that means moving power away from a central authority?

  9. What does 'open source' mean?


Looking for Something?

Source

Use the correct preposition


  1. My brother owes €75,000 ____ the bank and he lost his job last week. He is seriously ______ debt.

  2. I'm going to withdraw $500 _______ the bank tomorrow.

  3. So, Ms Lockhead, you would like to transfer funds ______ your current account ______ your savings account?

  4. When can you pay me _______ the money I lent you?

  5. They invested all their money ______ a gold mining company.

  6. I'm going to spend my Christmas bonus _____ a holiday this year.

  7. The restaurant charged us €80 _____ the meal.

  8. He spent all his money ______ his car.

  9. She always puts her coins ______ her piggy bank.

  10. Don't waste your money ______ expensive clothes!


Vocabulary Match - Verbs

 
 
Inherit
To get money or things from someone after they die.
Withdraw
To lodge money into a bank account.
Spend
To take money out of a bank or cash machine.
Waste
To to use money to buy or pay for something.
Cost
Not using money wisely.
Charge
The amount of money you need to buy or do something.
Deposit
The amount of money you pay for a service.
Borrow
To take money from a bank or person and pay it back over time.
Lend
To give money to someone who then pays it back over time.
Owe
To return money to someone who gave you money in the past.
Save
To keep money to buy something with it in the future.
Invest
To give money to a bank or business, or to buy something because you intend to make a profit.
To Be Worth
To have a value.
Earn
The money you make from your job.

Nouns

 
 
ATM
The amount of money in a bank account.
Notes
Money that someone borrow.
Coins
A plastic card that allows you to buy something and pay for it later.
Cash
The money you earn for doing your job.
Currency
A temporary amount of money you are allowed to owe your bank.
Cheques
A small container, sometimes in the shape of a pig, that children use to save money.
Mortgage
A bank account you can use to deposit or withdraw money at any time, but earn no interest on.
Overdraft
Metal money.
Loan
Paper money.
Current Account
A bank loan specifically used to buy a house or apartment.
Credit Card
Money in any form.
Salary
A piece of paper printed by a bank which you use to pay for things.
Bank Balance
Money from different countries.
Savings Account
A cash machine.
Piggy Bank
A bank account that earns interest.

Discuss with a partner:


  1. Have you ever heard of Bitcoins?

  2. Have you ever bought something with this virtual currency?

  3. How would you have felt if you were James Howells?

  4. Have you ever thrown out something and later regretted it?

  5. Have you ever lost data from your computer or a storage device?

  6. Have you ever used a Bitcoin ATM?

  7. Do you think it would be worth the resources to try to locate the hard drive?

  8. What are some of the advantages and disadvantages of using this type of currency?

  9. Can you name any other open source products that are available?


Decide whether the idioms mean rich (R) or poor (P)


  • He must have money to burn.

  • Fred is destitute.

  • She has more money than sense.

  • They're filthy rich.

  • He's rolling in it.

  • Prince Harry is well-off.

  • She's as poor as a church mouse.

  • They're penniless.

  • He's hard-up.

  • I don't have 2 pennies to rub together.

  • They made a killing on the stock market.


Role-play


Student A

You are James Howells. You've just discovered that you are a millionaire - the only thing that you are missing is the hard drive. You decide to ring up the council to see if you can recover the software. You expect that it will be difficult to persuade them to look for the hard drive, especially because you have no money to pay them with. Try to come to an arrangement with them, you are positive you will succeed. After all, you can pay them well when they find the Bitcoins.


Student B

You work at the landfill. James Howells wants you to look for his hard drive. The problem is that something like that would be buried 4 or 5 feet under the rubbish. Even when the police are looking for something, they usually have protective equipment, 2 tractors and 15 volunteers. And even then there is no guarantee that you would even find the box or that it would not be damaged. You are sceptical that this will work.



Answers to Business English Lesson Plan


Reading Comprehension Questions

  1. Gold, diamonds, coal ...etc.
  2. Because his girlfriend complained about the noise.
  3. It's a place where all the rubbish is dumped.
  4. A day that had unfortunate and calamitous consequences.
  5. To make a lot of money.
  6. You have accepted something.
  7. It doesn't use banks or middle men, it can be created using software, the processing fees are cheaper.
  8. Decentralised.
  9. Free for everyone to look at or use.
  10. Software packages, media players, colas, beer, solar panels, medicine, robotics...etc. Accept general categories or specific products as an answer.


Verbs

To get money or things from someone after they die. INHERIT

To lodge money into a bank account. DEPOSIT

To take money out of a bank or cash machine. WITHDRAW

To to use money to buy or pay for something. SPEND

Not using money wisely. WASTE

The amount of money you need to buy or do something. COST

The amount of money you pay for a service. CHARGE

To take money from a bank or person and pay it back over time. BORROW

To give money to someone who then pays it back over time. LEND

To return money to someone who gave you money in the past. OWE

To keep money to buy something with it in the future. SAVE

To give money to a bank or business, or to buy something because you intend to make a profit. INVEST

To have a value. TO BE WORTH

The money you make from your job. EARN


Nouns

The amount of money in a bank account - Bank balance

Money that someone borrow - Loan

A plastic card that allows you to buy something and pay for it later -Credit card

The money you earn for doing your job -Salary

A temporary amount of money you are allowed to owe your bank - Overdraft

A small container, sometimes in the shape of a pig, that children use to save money - Piggy bank

A bank account you can use to deposit or withdraw money at any time, but earn no interest on - Current account

Metal money - Coins

Paper money - Notes

A bank loan specifically used to buy a house or apartment - Mortgage

Money in any form - Cash

A piece of paper printed by a bank which you use to pay for things - Cheques

Money from different countries - Foreign currency

A cash machine - ATM

A bank account that earns interest – Savings account

Decide whether the idioms mean rich (R) or poor (P)


Idioms

He must have money to burn. R

Fred is destitute. P

She has more money than sense. R

They're filthy rich. R

He's rolling in it. R

Prince Harry is well-off. R

She's as poor as a church mouse. P

They're penniless. P

He's hard-up. P

I don't have 2 pennies to rub together. P

They made a killing on the stock market. R


Prepositions

  1. To/in

  2. from

  3. from/to

  4. back

  5. in

  6. on

  7. for

  8. on

  9. in

  10. on

© 2015 Muttface

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