Communication round off project work

Group work. I. Find as much information as possible about rich people of Russia (their ratings, etc.). What do you know about their charity activities (if any?)?

II. Imagine you've been given £100,000 to spend in one week. Working together, decide how you're going to use it. What are you going to buy? Are you going to make any investments? Will you give any to family/friends/charity? Come to a group decision, then compare your own ideas with those of other members of the group. Did you find your plans were very similar or quite different? What do you think your plans say about your character?

Vocabulary focus

III. Match the phrases from the listening with the correct definitions.

i nherit money (be) well-off

(be) overdrawn (be) hard up

(be able to) afford something

(receive/get) a pension invest

(have some) savings

(pay) the bills (take out) a loan

(receive) an income

(pay off) a mortgage make a profit

(earn/get) (a) bonus(es)

(earn/receive) (a) wage(s)

Money received ...

1. when someone dies and leaves you money in their will (verb)

2. when you retire from work

3. when you borrow from the bank

4. in addition to your salary (often for good work)

5. every week (for work by the hour)

6. when a business earns more than it spends (verb)

7. regularly (from any source)

Financial state

8. be quite rich

9. be poor

10. owe money to the bank

11. have enough money for something in particular

12. have money invested (in a bank)

Money spent...

13. to pay for your house

14. to pay for gas, water, telephone etc.

15. usually on a business, hoping to gain more money (verb)

IV. Complete the texts with a suitable word or phrase from Exercise 3. 1. Student life

University students often complain of being hard up. In England, they can take out a ___ from the bank, but many of them are still ___ . They can't ___ to go out to expensive restaurants, but drink in cheap student bars instead. Often they need to get part-time jobs in order to ___ the ___ . When their student days are over, many are relieved to find that they can finally get a job and start to receive an ___ to help them pay off their debts.

2. Entrepreneurs

Some entrepreneurs start their businesses from their own home. If they want to expand, they need to persuade people to give them money to ___ in their company. At first, most small companies do not ___ a ___ . However, if you have great reserves of energy and enthusiasm and a bit of luck, you'll be able to employ lots of people to do all the hard work for you. Then, when you are really ___ , you can lie by the pool and award yourself a huge ___ every year.

Language to go

A: Would you lend me five pounds, Jim? I'm really hard up.

B: You mean you can't afford another beer! Here you are.

Problem solving

Work together and discuss the following problems.

1. Which of the author’s arguments do you disagree with? Give your grounds for disagreement.

2. Which of the author’s arguments are not suitable for Russia?

3. Interest in earning money is not a modern phenomenon, but people are not interested only in that.

4. Is it a satisfactory arrangement when young people borrow money and can be independent of their parents?

5. Is education in Russia only money-oriented? Isn’t it skill-oriented that is necessary because of modern technology?

6. Do we have brain drain in Russia? Are people only after more money?

7. Are young people nowadays motivated by money? Are there any voluntary organizations where people work without reward?

8. Are you motivated by money? What else?