BC - aSIB 5.3.14 (1)
Intermediate level
Description
Materials
Main Aims
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To provide clarification of derivative words in the context of stock markets.
Subsidiary Aims
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To provide clarification of language used to summarise or paraphrase information.
Procedure (65 minutes)
On WB : Derivatives are financial instruments that allow investors to speculate on the future price of commodities or shares - without buying the underlying investment. Derivatives like futures, options and swaps were developed to allow investors to hedge risks in financial markets. On WB : stocks / currency / commodities (wheat, maize, beef, sugar, tea, coffee, oil, gold) - derivatives is a collective term, and consists of futures, options & swaps.
Use Unit 19, Derivatives, Pg 90, Q1 - Use Teacher's Answer sheet Pg 83
Continue Pg 83 Q2 - PW to create correct phrases from 2 coloured boxes. WC to confirm
On WB create 3 columns according to LF Pg 92 Q1 PW to complete 1-12 WC to confirm.
Make a list of words and on WB, write the following sentence to be corrected by teams: Unit 19 explains Derivatives which are very difficult to understand. This unit includes words and phrases like stock and currency and commodities and futures and options and swaps and hedge and speculate and premium and exercise. Show class where commas should be inserted.