International Finance

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dolla .

upee

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re minbi

fran .

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Find the missing letters What does the word spell?

If £1 = €1.2

How much are the following products in Euros?

EXTENSION:

How much is this product in British pounds?

£400

£20

£150

£70

£10

€ 240

DISCUSS IN GROUPS:

1. HOW DO WE TRADE?

2. WHY DO WE TRADE WITH OTHER COUNTRIES?

EXTENSION: WHAT CHALLENGES DO COUNTRIES FACE WHEN THEY TRADE WITH OTHER COUNTRIES?

IMPORT EXPORT

TOP UK IMPORTS: 1- Pharmaceutical Preparations 2- Non-Monetary Gold 3 - Civilian Aircraft Engines 4 - Computer Accessories

PRESIDENT OF THE WORLD BANK

MANAGING DIRECTOR OF THE IMF

BARACK OBAMACHRISTINE LAGARDEROBERT ZOELLICK

PRESIDENT OF THE US

HU JINTAO

PRESIDENT OF THE PEOPLE’S REPUBLIC

OF CHINA

GEORGE OSBOURNE

UK CHANCELLOR OF THE EXCHEQUER

Can you mix and match the people with their jobs?

What is the World Bank? Created at the Bretton Woods Conference in 1944, The World Bank Group is

comprised of five agencies that make loans or guarantee credit to its 177 member countries. In addition to financing projects such as roads, power plants and schools, the Bank also makes loans to restructure a country's economic system by funding structural adjustment programs (SAPs). The Bank manages a loan portfolio totaling US$200 billion and last year loaned a record US$28.9 billion to over 80 countries.

What is the IMF? Also created at the Bretton Woods Conference, the mission of the International

Monetary Fund (IMF) is to supply member states with money to help them overcome short-term balance-of-payments difficulties. Such money is only made available, however, after the recipients have agreed to policy reforms in their economies-- in short, to implement a structural adjustment program.

The price of oil is going up.

There will be 5 countries in the room:

US

China

Sudan

UK

St. Lucia

I would like you to discuss how this will affect your country

in your group. Be ready to feed back!

ROLE PLAY: Global impact

http://www.youtube.com/watch?v=SyJ23a7_fvQ&feature=related

Play up until 4 minutes

The Critics? The Supporters?

DEBATE: Who do you agree with?

http://www.youtube.com/watch?v=daA5smD_tK8&feature=related

Charity

Discuss as a class:1. What do these charities do?

2. Where do these charities receive money from?

3. How could you raise money?