UNIT 2 - DIFFERENT KINDS OF MONEY AND MONETARY SYSTEM
Slides 19/26 - Teaching time 2 hrs
Objectives:
- knowledge of the difference between commodity and fiat money
- monetary system: gold standard and paper monetary system
Procedure:
- warm up (slide 19) - teacher shows slide, asks questions and elicits Ss reply
- key words related to different kinds of money, its characteristics and monetary system
- activity - slides 19/26 - teacher shows slides interacting with Ss.
- End of unit 1 - pair work - Ss sum up the most important points of the unit (written/oral)
- Exercise (Hot potatoes - Jmatch)
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