Unit_3

Unit 3

Lesson 1	Lead-in	Social Status	p.57
Lesson 2	Theme One	Personal Finances	p.62
Lesson 3	Theme Two	Does Money Buy Happiness?	p.66
Lesson 4	Brush Up		p.71
	Active Vocabulary		p.75

Lead-In: Social Status

Ex. 1 Test analysis.

Ex. 2 Discuss the following.

1.What do you think?

2.Erich Fromm1 wrote a book entitled “To Have or to Be” (1976). Have you read it? If no, think about what aspects of modern society theauthor explored inhis book?

Ex. 3 Read the following extract from E. Fromm’s “To Have or to Be”. Do you agree with the author’s reasoning?

1 (March 23, 1900 – March 18, 1980) was a German social psychologist, psychoanalyst, sociologist, humanistic philosopher, and democratic socialist. Today,

Erich Fromm is widely regarded as one of the most important psychoanalysts of the 20th century.	57

Unit 3: Student’s Book

Ex. 4 Completeeach sentence withone of the words or phrasesgiven.

				high earningpotential			consumption		wages
				wealth			earnings		in debt
				fee			broke		poverty
				symbol			credit card		credit
				attain			salary		affluent
				cheque			debt		budget
1.		In many countries, there is a contrast between the ............................							of a small number of citizens
2.		and the ............................			of the masses.
3.		A Rolls Royce is seen as a status ............................					.	Those who are unemployed receive
		People in work pay income tax on their ............................. .
4.		benefit.					If you are paid on an annual basis, you get a(n)
		If you are paid by the hour you get
5.		............................ and if you are paid for a particular service you get a(n) .............................								and by
		In department stores, there are three ways of paying for goods: in cash, by ............................
6. .............................									.
7.		Housewives running the family finances have to work within a(n)
8.		If your expenditure exceeds your income, you will find yourself .............................							.
9.		Graduates in the 1990's are attracted to jobs with .............................						.
10.His ambition was to .............................							the highest professional status.
11.It was an age of conspicuous ............................							- those who had money liked to display it.
12.For some people, livingon ............................							is a normal way of life.
13.Although he earns a lot of money, Tony always seems to be .............................								.
14.			Charles's............................		lifestyle came to an end when he was maderedundant.					within
		The ease with which British citizens can get credit has led to increasing ............................

society at large.

Answer the following questions using words in italics:

a.How do people try to show their social status? Do you think it is necessary?

b.Do you approve of people living on credit?

c.How do you understand the term “consumerism”?

d.What are the ways not to find oneselfin debt?

e.What are the risks of using credit cards?

f.Is it easy for you to live within budget or do you tend to overspend?

Ex. 5 You are going to listen to a lecture on social status

1.	value		a.	суть в том, что\чтобы ...
2.	work your way up		b.	престижные расходы, трата средств напоказ
3.	the bottom line is that…		c.	мода, повальное увлечение
4.	conspicuous consumption		d.	стоимость; ценность (гл. ценить, дорожить)
5.	a high flyer		e.	неофициальная иерархия
6.	bandwagon		f.	преуспевающий человек
7.	pecking order		g.	преуспеть

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Unit 3: Student’s Book

Ex. 6 Listen once and decide whether the statements below are true (T) or false (F).

Then answer the questions.

T/F		Statement
	1.	Society decides what does and what doesn’t carry status.
	2.
	3.	Status symbolsindicate how successful we have become.
	4.	Conspicuous consumption is about we showoff our wealth.
	5.	Clothes no longer signal status in the 21st century.
		Large families have always been an indicator of higher income.

6.“Storytelling”has no connection to “status skills”

1.What are the aspects of our social status that we canand can’tcontrol?

2.Why do people generally want to be associated with success?

3.What are status symbols?

4.Who are “trophy kids”? How do they help their parents to show off their highsocial status?

5.What are “status skills”?

6.What is “storytelling”?

Ex. 7 Complete the sentences below with forms of the words on the right.

	1.	He left as a poor, working class boy and returned as a…………… man.		WEALTH
	2.	…………… confidence reached an all-time low inSeptember.		CONSUME
	3.	Kids should be taught…………… skills from as early as possible.		BUDGET
	4.	Some football players have weekly…………… ofover £50,000.		EARN
	5.	Upgrading the system would be very…………… .		COST
	6.	The company makes wearable, beautifully cut clothes at…………… prices.		AFFORD
	7.	The company said it wouldpay in full all its…………… except Credit Suisse.		CREDIT
	8.	She’s always…………… dressed.		EXPENSE

		Active Vocabulary
consumption	cash	broke	live ON credit
wealth	cheque	in debt	(current) account
social status	credit card	poverty (rate)	show off social status
status symbol	budget	overdraft	find oneself in debt
wage	reserves	life assurance	live WITHIN budget
salary	debt	means	live BEYOND means
fee	well-off	consumer/ism	afford sth / to do sth
income	affluent	(financial) security	share costs
earnings	wealthy	mortgage	fall INTO arrears
earning potential	capital	credit	forego sth / doing sth
(daily) expenses	money (IS)	high flyer	to attain (wealth/status)

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Unit 3: Student’s Book

Hometask 1

Ex. 8 Study the active vocabulary. (Quiz 1)

Ex. 9 Listento the trailerfrom a documentaryexploring the linkbetweensocial status and alongerlifespan. Thinkabout thefollowing questions.

1.Why does Dr. Boyle talk about monkeys?

2.What might be some possible explanations for the link Dr. Boyle describes between social status and life span?

Ex. 10 Read the text, fill in the gaps with the missing prepositions and answer the questions below.

Do You Dream of a Transient Lifestyle?

Here's a status lifestyle that's popular … … … people who want to free themselves from the hassle of possessions and permanent ownership—things, like servicing and repairs, keeping in style, and theft.

"Transient lifestylers" are interested … … … the here and now. They typify the increasingly short satisfaction span that characterizes modern-day society. This short satisfaction span is what drives manufacturers and service organizations to continually change their products and the experiences they offer.

Transient lifestylers want quick fixes and avoid routine and boredom. How? By "collecting" as many experiences as possible and moving rapidly from one to the other. This behavior has led

…… … them becoming known as transumers rather than consumers. In other words, instead of owning one expensive object, they rent, enjoy, and dispose … … … many different objects in order to maximize their experiences and therefore their status.

This can be expensive, though. … … … a result, there has been a large growth in the idea of shared ownership—of holiday apartments, private airplanes, and yachts, for example. Shared ownership allows individuals or families to share the cost of experiences that would be too costly for an individual or family to bear … … … their own. In this way, it can help make a transient lifestyle more affordable. Car-sharing clubs have become a particularly good example of this in recent years. People who can't afford, say, a Porsche or Aston Martin join a car-sharing club. … …

…turn, instead of owning just one expensive car, they are able to try many different makes of exotic cars at a fraction of the cost. It's easy to see the attraction!

1.What is a transient lifestyle?

2.Does a transient lifestyle appeal to you? Why or why not?

3.Does it influence the way you live your life?

4.Would you say that a transient lifestyle is really less materialistic than a lifestyle based more traditionally on wealth and material possessions?

Ex. 11 Translate the following words/word combinations from the text.

1. short satisfaction span

2. to maximize one’s status

3. to share the cost of sth

4. affordable / can(‘t) afford sth

5. costly

6. different makes of exotic cars

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Unit 3: Student’s Book

Ex. 12 Research a status lifestyle.

a)Give a class presentation based on your research.

b)Choose an idea from this list, or come up with your own idea:

eco-lifestyle

participative lifestyle

connecting lifestyle

c)Include the following elements:

a description of the lifestyle you have chosen

your opinion of the lifestyle (For example, is it appealing to you? or why not?)

a statement of whether and why you believe the lifestyle is more or less materialistic than one based on wealth and material possessions

Ex. 13 Complete the text using the words and phrases given.

		current account	income	rich
		debt	freed	expenses
		cope	overdraft	inreserve
		security	credit card	capital
		means	arrears	mortgage
		ready cash	insurance	foregoing

Personal Finances

Many people regardfinancial		..............................(1) as themostimportantthing in
family finances. This is notthesamething asbeing..............................				(2) . It means
being ableto..............................	(3) withthe unexpected, being ..............................			(4) from
the needtothink aboutmoney,living withinyour..............................				(5) . For dayto day
living you need ..............................	(6) but you also need a bit..............................			(7) for a
rainy day.			(8) and how much is in
The first thing to think about is your ..............................
it. You don't want to run the risk of having an unauthorised				.............................. (9), it's
. ..............................far too expensive		(10) can be a helpful way of handling unexpected
.............................. (11), but credit is always costly, and of course it's just another form of			..............................	(12). In
Britain many people have a very large debt called a(n)	..............................	13), a sum of money borrowed from a bank
or a buildingsociety, whichmanyregard as agood wayof buying a house.
But if the payments fall into ..............................	(14), your house could be sold to pay off the debt. Life
.............................. (15) and pensions are an important aspect of feeling secure, and if you don't make provision early,
retirementcan be afinancialshock. It's worth..............................	(16)somejam today for a bit more breadtomorrow.
Finally, investments. You need to invest in an area where there is some potential.			for ..............................your
(17) to grow while you still have a(n) ..............................	(18). You could choose shares, unit trusts, or government

securities. If you do allthesethings, youshouldn'thavetoworry on a day-to-daylevel

Ex. 14 Translate into Russian using the active vocabulary.

1) Марк из очень зажиточной семьи и привык жить на широкую ногу: дорогие машины,

вечеринки, путешествия и пр., что многие из нас не могут себе позволить. 2) Сейчас мы переживаем сложный период: денег не хватает, приходится отказывать себе во многих вещах – я даже не могу сходить погулять с друзьями. 3) Он любить показать, что он занимает высокое положение в обществе. Это многих раздражает. 4) Он совершенно не умеет планировать свои финансы и жил явно не по средствам, ну и конечно оказался сейчас в долгах. 5) Теперь сын работает в автосервисе, однако даже с его заработком нам приходится

строго придерживаться бюджета. 6) Он неплохо зарабатывает, но жизнь в большом

городе не дешева. К тому же он взялипотечный кредит и теперь экономит на всем.

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Unit 3: Student’s Book

Theme One: Personal Finances

Ex. 15 Write Quiz 1, check ex. 8-14. Abrief recap of the previouslesson.

Ex. 16 Below is an English family's budget in pounds sterlingfor next month.

a)Look at it to see where their money is coming from and how much is going out.

Note down:

b)how you think they could save money and

c)any differences between this budget and a family budget in your country.

Income

£

Outgoings

£

Basicsalary

National Insurance

Contributions

46.00

:

gross:

380

Mortgage payment

175.00

after tax:

Rates

:

Bills

Overtime

payment:

335.00

(Direct Debit) :

39.50

bonus

56.50

Gas and Electricity Quarterly

:

164.00

Productivity

:

10.00

Alimony

- maintenance money to

Son's

wages:

:

180.00

ex-wife:

173.50

His

tips

and commission

25.00

HP

installment

on car:

88.00

Tax

Basic

Earnings:

642.00

Road

:fine

:

80.00

Speeding

35.00

plus

:

Life Insurance

premium:

48.00

Accountant's

fees:

25.00

extras

Jim's college grant

(

:

80.00

Repayment

on Credit Company

60.00

tax-free)

loan (StandingOrder):

current

Freda's scholarship

:

40.00

Interest on

overdraft

on

45.00

:

account:

ChildBenefit

60.00

Other

bank charges

:

10.00

pension

Subscription to magazines

10.00

Dad'sdole money:

-

136.00

Donation

to 'Help the Aged':

5.00

Ted's

Contribution to Labour

unemployment benefit:

shares

:

146.00

Party

funds

:

7.50

Dad's dividend on his BP

13.00

Jenny and Jim'spocket money

Interest on Mum's

savings

allowance

):

60.00

(

(bank

deposit account

3.50

Stake money

for football pools and

) :

Winnings

2.50

horse-racing:

18.50

on the Derby:

Church Collection

1.00

Totalextras

485.50

:

TotalIncome (all sources): 1127.00

TotalExpenditure: 1136.00

Balance: -£8.50

d) How do you manage your budget? Do you drawit up every month? If no –why?

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Unit 3: Student’s Book

Ex. 17 Which expression from the list of comments below would you use about yourself atthe moment?

1.He's a multi-millionaire.

2.They won a fortune.

3.She's extremely well-off.

4.You're looking very prosperous.

5.They say we're living in an affluentsociety.

6.He's comfortably off.

7.Money doesn't buy happiness, but it helps.

8.We had a really tight budget.

9.I'm a bit hard up at the moment, actually.

10.He's broke.

11.They're on the breadline.

12.Now I know what it's like to bepoverty-stricken.

13.I owe money everywhere.

14.I'm heavily in debt.

15.I'm a few thousand in the red.

16.Many medical charges arebeyond meansof poorer families.

Ex. 18 Discuss.

1.Do you have healthy or unhealthy financial habits? Explain.

2.Did anyone teach you about saving and spending when you were a child?

Ex. 19 You are going to watch video episode. Before watching, match the

words and phrases listed below totheirRussian equivalents.

8.	allowance	a.	крупная покупка
		b.	экономическая грамотность
9.	temptation	c.	соблазн
10.sophisticated		d.	потребности и прихоти
11.budgeting		e.	сложный, изощренный, продуманный
12.irate		f.	разгневанный, сердитый
13.tutorial approach		g.	планирование бюджета
14.financial awareness		h.	карманные деньги
15.big ticket item		i.	практические занятия
16.needs and wants

Ex. 20			Watch and decide whether the statements are true (T)or false (F).
T/F				Statement
			1.	Rosie getsher pocket money once a month.
			2.	Rosie's mother is trying to teach her about money management.
			3.	Rosie’s mother thinks that her efforts are successful.
			4.	Tweens don't spend a lot ofmoney.
			5.	Some children take courses in financial awareness.
			6.	Nathan Dungan says parents shouldteach children "Share, save, spend".
			7.	Rosie's mother is going to give upon Rosie.
Ex. 21	Discuss: What doyou thinkabout "Share, save, andspend"?
				l. the Active Vocabulary on p.68	63

Unit 3: Student’s Book