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Unit 4Everyday Economics
To read a short passage about social credit.To listen to a conversation and do some exercises.To read a leaflet about finance management tips for freshmen and learn how to make ends meet as a university student.To learn some terms and know their meanings.To talk about how to manage your finances and maintain a good social credit record.
In 2014, the Chinese government officially announced a plan to build a nationally coordinated social credit system. What is the truth about this system? Let’s view a short video from CGTN to find out if this system is trustworthy - or not.
Credit, or the offering of money loans for repayment, has existed since the Bronze Age. For most of this history, lenders relied mainly on their subjective judgement when deciding whether or not a borrower was creditworthy. With the development of information technology and data analysis, more and more countries are building their own credit systems with objective credit rating methods. People’s activities such as credit card payments, loan payments, etc., are recorded and scored, and will affect their future creditworthiness. social credit
1. What other activities may affect people’s credit rating nowadays? Online-shopping record / Driving record / Taking public transport record…2. What may be the consequences if one has a poor social credit score?Employment / access to finance / enter into contracts / travelling / booking a hotel /…
Listen to the conversation and choose the topics discussed.1 The tips to book a good hotel.2 The importance of being creditworthy.3 The origin of the credit system.4 The benefits of a social credit system.5 The cost of having a bad social credit record.
Listen again and complete the paragraph.I have been _____________________ on time, returning books to the library ___________________________, and using _________________ properly. As a reward, we didnt have to pay a deposit when ____________________ during our trip to Hangzhou.
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