Gal Feb 5, 2010 11:27 AM

It was very interesting to learn about tickers and the stock market and the two different golden rules. I especially liked when Pierre/ my dad told us about real estate and how everything is connected to one an other.

Alexandra Gordon Feb 5, 2010 11:41 AM

Grade 5, who can remember the new golden rule that Mr. Garrow taught us?
Ms Alex

Feb 5, 2010 11:43 AM

Buy low
Sell high
Elsa

sparsh Feb 5, 2010 11:58 AM

It is a good way to know what economy is. WE had fun through this unit and It is a good way for maths also.

kenta Feb 5, 2010 12:35 PM

I think Pierre has a great job and I can't believe that his company owns a couple of shopping centers.

Daphni Feb 5, 2010 6:25 PM

It was very interesting what Mr. Garrow told us. Before, I didn't know even know anything about stocks, but that helped me!

Thank You!!!!!!!!!!!

Alexandra Feb 6, 2010 11:30 AM

I learned that public companies have a ticker. I chose the Royal Bank of Canada. The ticker is RY. The buy price of a share was $49.45. I chose this stock because my dad works for RBC.

Daphni Feb 9, 2010 3:49 PM

When Chris came today it was very interesting because I learned that whenever you want to borrow something you need to pay interest which means that you need to give say 15%. I also learned about the credit crunch it was very sad because all banks went bankrupt and they're banks! The credit crunch was about people borrowing to much money from banks and in the end it went on continuously and eventually some banks went bankrupt.

Lily Feb 9, 2010 4:16 PM

I learned what the credit crunch is I also learned how the economy works in a fun game.

callum Feb 9, 2010 4:52 PM

Today was very interesting. I learned that there were three sectors: the private sector,government sector and the charity sector. Initially i thought there were two: the private and the goverment sector.

Alexandra Gordon Feb 9, 2010 5:03 PM

Hi grade 5,
Please remember to include some questions for our economy experts in your posts!
Ms Alex

Lilly Rogers Feb 9, 2010 5:07 PM

Hello!
When Keiko's dad came to school today, I learned about the Credit crunch was that when one bank falls, it affects everyone like the people who borrow money from the bank, people who lend their money to the bank and to people who pay taxes to keep the banks running.
Another thing that I learned was about the three main areas in the economy, Government, Charity and Private. I would rather work in the private section because I wish to become an author and illustrator of children books. But working in the government area would be fun because this section includes things like Doctors, Military and other things that are a need to life.
I also enjoyed the game we played because it gives real life examples of the Credit crunch, how it happened and started, how a company starts and falls and how you can invest in as bank and earn interest (if you borrow money from the bank, they will get interest but if you lend money to the bank then you will earn interest).
Also it is also about the demand of what is wanted like for example: Alexander buys a house for only 20,00 pounds/dollars while Gal pays 100,00 pounds/dollars because the person selling the houses realizes there is a bigger demand for houses, as the golden rule states:
Buy low sell high.
Thanks!!!
Lilly Rogers

Itay Feb 9, 2010 5:14 PM

Today it was realy intresting because we learned about money.We played the monopoly game wich was realy fun.I was in the rich group in the game.

Leah Feb 9, 2010 5:49 PM

I never knew that the economy was measured in sectors: Private, Government, and Charity. It was a lot of fun, learning about interest, businesses, and the "Credit Crunch", where people borrowed too much money from banks, and ended up unable to repay the loan-meaning that many banks worldwide went bankrupt.

(This is one of the shortest comments I've ever made!)

Caroline Feb 9, 2010 6:26 PM

I enjoyed the strategy of using monopoly peices to make the lesson seem more realistic!

Which companies have not been affected by the credit crunch,and why?
Caroline

Alexandra Feb 9, 2010 6:29 PM

I learnt that the Economy is like a football team one persons action can affect everybody else and Chris used buying a house for an example and if you borrow money when you buy a house it affects the buyer the bank and possibly other people.
Question:Would the Individual who works at the bank who lent money to the person who purchased the house be fired or would the bank manager be fired.

Keiko Feb 9, 2010 6:31 PM

Hey Grade 5,

I think that my dad (Chris) explained the "Credit Crunch" in a very easy-to-follow and interactive way. I loved the monopoly game/demonstration. Even though it was fun, I still definitely learned a lot.

The credit crunch is an interesting topic. It's amazing how companies/industries are so interdependent, just like a domino effect.

I also learned about the 3 sectors in the economy: private, goverment, and charity.

I wonder when and how the credit crunch will end (if it does) ???

I'll be happy to ask my dad any questions that you may have.

See you at school,
Keiko

Ronnie Feb 9, 2010 6:34 PM

I learned that if the Bank doesn't have enough money to pay their customers, all of the economy has a problem.

Milena Feb 9, 2010 6:38 PM

I learned, like Keiko all about the three sectors of the economy and more about loaning money and mortgages. I didn't really realize that the bank borrowed from rich people. Some questions that I still have is why don't the rich people get their savings back from the Government? Thanks!
Milena

Jack's Feb 9, 2010 6:57 PM

I think that all the experts that came in were very fun to learn from. I liked how Chris did a good representation on the credit crunch. Gal's dad also explained very well on how the economy works with real estate.

Sofia Feb 9, 2010 7:06 PM

I really liked the way Keiko's dad explained the economy. He did it in a really fun way. He did it in a way we all understood it very well. It was fun being the bank. I think it was good getting to demonstrate the economy. It was fun getting to know how the economy works because some day a lot of us will be part of the business world too!

Keiko Feb 9, 2010 7:53 PM

Are there any more parents coming in? If so, whose?

Keiko Feb 9, 2010 7:57 PM

I forget how to pronounce the word, entrepreneurs.
Does anyone remember? (I bet Miss Beverly does!)
I tried to say it, "...En-trep-ren-ee-ers..." ?

Aidan Feb 9, 2010 8:09 PM

I learned that the three sectors and they are charity, government and private. I also learned what happened during the credit crunch.

Did the Credit Crunch affect all businesses? When was the credit crunch?

Keiko Feb 9, 2010 8:18 PM

23 comments aready. WHOA!!!

Kenta Feb 9, 2010 9:13 PM

Today I learned about the three sectors of the economy (private, government, and charity). It was also interesting to hear about the “credit crunch” and that some banks are not doing well.

What could the government do to help stop another credit crunch?

Gal Feb 10, 2010 8:47 AM

I realized that a small thing like buying a house can influence an economical crisis.
Can a currency regain its value?

sparsh Feb 10, 2010 11:00 AM

I found that people who are rich donate poor people to work. The poor people say the rich people to 25 % or more or less. The credit crunch was a bit hard. Today I even learned about the three sectors of the economy (private, government, and charity). These three kinds of sectors are important and I researched about it. It was a bit complicated. It is a good experience for future jobs

Lilly Feb 10, 2010 5:28 PM

Hi Again!
If a company cannot pay rent they go to their bank and ask if they could loan them the money to start their business. Afraid that the company will fail, the bank wants other people or banks to invest on the company so they will know that if the business falls then they won't be the only one's. Usually, there are people in the world who don't need to work because they are so wealthy, in this case they are willing to help start a company because in that case they get to own part of it and if the business goes well they could double their money.

The Credit Crunch affects the economy because it has a effect on every single person. If you business borrows money and cannot pay the money back at due time, then the bank goes bankrupt and needs help from the government. The government takes the lead of the bank and fires everyone who caused the bankrupt (investors). To restore the bank, the governor taxes everyone much more to keep up with all the costs. Still short of money, the government prints cash and the currency of your country falls because there is plenty in the world. Take for instant the UK pound use to be 2 dollars worth in the USA currency but because of the credit crunch, value fell to a little over one dollar.

System loans and rents have been going on for ages, farmers use to trade their cows for another farmers grain so they can eat. When you loan someone something it is like lending a toy to a friend so they have to give it back because it doesn't belong to them. Same is a rent only there is a given time like for our move to London, my parents rented out our house for a price and date while if they had loaned the house to the family they could give it back anytime and wouldn't have to pay a thing. but if you have a loan from a bank they will give you an interest lets say like, if you borrow money from a bank to start a company they will give you a percentage of the price you borrowed with a given date and if you don't pay by that time the bank is allowed to take you r house and other possessions.

If you invest your money in a diamond mound and there is no diamonds, you would go bankrupt because you spent all your money on that mine hoping you would find jewels inside but only if you were turned down. From then you would have to borrow money after money to support your family and yourselves. But if you don't have a paying job, and you have borrowed over a thousand pounds from your bank, the bank would go bankrupt causing a credit crunch and all your belongings would be taken away.

The location affects the rent because if you rent a house near a busy highway, the noise disturbs buyers so they don't want to buy the house so the price goes down because the seller of the house wants someone to buy it. In some cases the golden rule can be sell low because of environment and competition. But if the surroundings of a house are lovely with parks, schools, stores and other things people need then the price goes up.

In some countries the economy is improving slightly because they know what can happen during the credit Crunch and how it affects everyone. while other countries are still investing in companies and mines that aren't what the seem are and are starting to borrow money from other countries! If that country goes bankrupt then another will to.

I think that offices pay more rent because the renters know that money is being produced fairly through the company so they know they can make a higher profit then renting it to a store. but if the store is very successful like mark's and Spenser's they know that the store is very popular they would set a high price too.

If a restate has a beautiful, peaceful environment then the price is higher because it is more popular and enjoyable. But if you have a house right next to the highway with loud cars then the price would go down because no one wants to buy it in its surroundings.

yesturday i worked as a person who owned alot of companies and houses so i had to bargin for a better or lower price then some other people in my group so i would make a profit, lower but still getting something.

Ms Alex: DEUTSCHE BANK

Lilly Rogers

OMAR Feb 10, 2010 6:51 PM

I learned about the sectors like private sector economy sector and goverment sector.

I liked the way that Keik's dad taught us and I also realized that the method helped my learning expand too.

zack Feb 10, 2010 6:57 PM

i think Caroline's dad explained everything about the economy really clearly and it helped me alot in this unit.

Ivan Feb 10, 2010 8:23 PM

Hello.
When Carolines dad came we was talking about stock and tax. Stocks are shares of companies that going or high or low, also it is marketing resurch about price. When stocks go up it is very good for econamy. When stocks going down it is bad for econamy and for people who hold shares. Tax is when a meneger or a company pays money to there workers. Some times you need to pay tax for land thet you rent, buildings, tabels, chairs, ext. If you buyed rent a house for £12.000 you have 25% tax, or if you rent for 100.000 it tax get biger, and biger. If you don't pay your tax 1 week the tax will get biger, and if you don't pay at all they will take your land, money and you will be fired or even worst they send you to jail.
When Kaikos dad came we were talking what is the credit crunch is when a bank gives his money to the other company for example there is a house that cost £1.000.000 then in time the house cost £1 so the bank thet give money to the company has the credit crunch because they lost alot of money. We were playing a game thre were 4 companies. The companies was the poor people but with great ideas, the rich people with a lot of money, the smart people thet has a loy of buildings and the bank people. When we was palying that game we gained £10.000 to the bank but then they had a credit crunch so we lost £10.000. Then we ended the game and it was very fun so thenk you perents thet cae and share there ideas. It was a golden rule and the golden rule was:{Buy low} so you buy it for less money and then {Sell high} you sell it for a lot of money bigger then you buy it and then you get your money!
Thenk you for reading!!!

Alexander Feb 10, 2010 9:02 PM

I found it was very tricky in the credit crunch, all because someone payed too much for a house. They had to borrow a lot from the bank, but then they couldn't pay interest, so the bank had to take their house and then sell it, but they'd lost money because they gave more than the right amount for the house, then sold it for less than they gave to the guy who bought the house. Then all the companies who were borrowing from the bank were in trouble, as the bank had to take back their money. They'd lose their jobs, because there was no job. Then the one thing to do was for the bank to call the government, because that's all to do. The government would take over the bank, and fire all the people the®e for not doing a good job. They would all be poor, and would have to borrow a lot of money from the rich people, but couldn't pay them back. And the only profiters were the people who sold the house for too much in the first place. This was what was happening in the credit crunch, as Chris Cooper-Hohn told us. And at first, I thought that the credit crunch was something happening to all the credit cards! (Seriously!)

When Mr Garrow was here, I learned about the golden rule: Buy low, Sell high. I also learned all about stocks, bonds and trade.

I learned so much when the parents came, thank you!

Alexander

ammar Feb 10, 2010 9:50 PM

when keiko's dad came it was informational i learned a lot like how lots of people can do mistakes and some might even lose jobs some times so it was the most fun thing i learned
REMEMBER:buy low!!!! sell high!!!!

Ms Beverley Feb 11, 2010 9:06 AM

Hi Grade 5,

I am very impressed with all your comments! You have clearly gained so much understanding about trading and the economy from all our parent presentations. Well Done!

Daphni Feb 11, 2010 3:24 PM

When Marc's dad cam today it was so interesting because I learned that he works for a company that almost sells all the things that my family uses and he told us about what he does and about what things you need to do when planning something and you need to use a budget which is an amount of money you can spend and if you go over that amount you can but it'll be bad. What else I learned is that they have a lot of trucks so they have 120 trucks coming in almost every day to collect deliveries to take to a warehouse for a supermarket, and when a delivery comes they have like 40-50 deliveries a day and some last up to 2 weeks and some last one week. I also learned that P&G his company has a lot over the world so they sell a lot in a lot of countries. There was also a map of the world and there were green and red spots on it the green spots meant that they accomplished something and the red spots means they need to work on something. Anyways I had a lot of fun and a lot of fun learning!. C U @ SCHOOL!!!

Feb 11, 2010 7:34 PM

i learned that you should buy at a low price and sell at a low price. you must look the lowest price to buy shares.

Ivan Feb 11, 2010 9:03 PM

Hello.
Marks Dad come in on thursday and tell us about his company A&S that his company mades budgeting,Budgeting in a business sense is the planned allocation of available funds to each department within a company. Also budgeting is a plan of income.You can budget your time like 1/4 of day is sleeping.

Daphni Feb 23, 2010 3:23 PM

Today, Anastasia's dad came and told us about supply and demand and when money was first been an idea, I learned that supply is how much you have and demand is what the people our willing to pay for so if you want an apple, and it costs £1.00 and there are any other people then maybe they would want to buy it for a higher price and people would do other higher prices. When he told us about when money was first an idea I was just shocked because I never knew that money was an idea I thought they talked about it and decided to do it it was very interesting.
I have a question. When was the first piece of money actually made?

kenta Feb 23, 2010 3:54 PM

I learned that the Lycians made the first civilization to mint gold, the chinese made the first paper money.

What is the most recent currency that wsa made?

Why does currency change?

callum Feb 23, 2010 5:00 PM

my two questions are: isn`t the bills from richer countries with stabler economy`s paper note be worth more than a smaller countries? and why didn`t ancient people use money?

the new thing i learned were that sweden was the first one to use money and the stock exgange was only fully completed in 1971. interesting.

it`s buy low sell high.not buy low sell low!!!!!!!!!!!

Sofia Feb 23, 2010 7:39 PM

Today Anastasia dad came in and presented. I learned a lot of the history of money. I learned:
-I never knew Sweden was the first european country to use paper money.
-I never knew that exchange rates are only like 40 years old.
I think I know what I want to do for my summative assessment will be on: On how money works and the history of money. 'I liked the way he explained it using everyday examples.

Chris Cooper-Hohn, Keiko's Dad Feb 23, 2010 7:39 PM

Hi

this is Chris - Keiko's dad. I am answering some of the questions from my visit.

Keiko. when and how will the credit crunch end?

Answer - the credit crunch problems will take many years to fix. Governments in Europe and the US and Japan have less tax income than they are spending and so they are becoming more and more in debt. this is not good long term because there will have to be spending cuts in government and higher taxes long term.

Milena. why don't rich people get their savings back from the government?

Answer. Governments did make sure all people who had deposited money in banks did not lose these savings.

However, people who bought shares of banks and many other companies did lose money which the government did not pay back.

Keiko - how do you pronounce ''entrepreneur''?

ON - TRE - PREN - ER

Aidan - did the credit crunch affect all businesses?

yes - but particularly banks

when was the credit crunch?

It started in late 2007 and is still going on.

Kenta - what could the government do to help stop another credit crunch?

Answer - they should make sure banks do not make many risky loans which cannot be paid back and make them safer

Gal - can a currency regain its value?

yes. prices fluctuate for currencies a lot

I hope this is helpful

Aidan Feb 23, 2010 7:58 PM

I learned that money was has only been around for 7000 years and I learned that china created paper money. I also learned that business and economist is very different and they have different golden rules.
When did China create paper money?
Which country created money?
Have coins always been made of metal?
How many currencies are there in the world?
What is the poorest country in the world?
What is the wealthiest country in the world?
What is the biggest business in the world?
What is the smallest business in the world?
What is the most worldwide business?
What is the least worldwide business?
What is the poorest business in the world?
What is the wealthiest business in the world?
What business needs the most workers?
What business needs the least workers?
What business has been around the longest in the world?
What is the newest business in the world?