Topics to teach:
- Elem: Elementary
- Low-Int: Lower-Intermediate
- Int: Intermediate
- Upp-Int: Upper-Intermediate
- Adv: Advanced
Although some topics can be taught to most students (e.g. Basic English Financial Vocabulary or Basic Mathematics Vocabulary), others should only be taught to students or groups who have a specific need for it (because of their job (e.g. an accountant) or the type of company they work in (e.g. a bank)).
For specialised financial topics, make sure (by asking them) that your students know what the vocabulary is in their own language. If they don't, it will make the vocabulary very difficult to teach.
- Basic English Financial Vocabulary: Low-Int or Int
Teach commonly used financial vocabulary connected to money and finance.
- Basic Mathematics Vocabulary: Low-Int or Int
Teach the vocabulary used for doing basic calculations in English.
- Explaining Charts and Statistics: Int or above
Teach how to describe trends and the parts of charts or tables in English.
- Banking Vocabulary: Low-Int or above
Teach the vocabulary connected to banks and bank accounts for both business and non-business use.
- Tax Vocabulary: Int or above
Teach the vocabulary connected to taxes and the names of different types (especially useful for people involved in sales, accountancy etc...).
- Stock Market Vocabulary: Int or above
Teach the vocabulary connected to the buying and selling of shares and companies on the stock market.
- Financial Documents: Upp-Int or above
Teach the names and vocabulary used in the different types of financial documents that companies create (e.g. profit and loss account etc...).
Teaching the vocabulary
The method you use to teach the vocabulary in class depends on the financial English topic you are teaching.
For Basic Mathematics Vocabulary and Calculations, you can just write the calculations on a white/black board and then explain their names and how we say them in English.
For the Explaining Charts and Statistics, use a more visual approach. Draw or display a chart or table from an exercise on the board and then describe them (writing down the vocabulary). After this, show another chart or table and get the students to describe it using the vocabulary they have learnt.
With the other topics, the best way is to use specially written texts where they have to work out the meaning of vocabulary/terms themselves from the context (better for understanding and remembering). Again it is important that they should already know the majority of the terms in their own language before doing it.
Practising the vocabulary
Like with teaching the vocabulary, the method you use to get the students to practise the vocabulary in class depends on the financial English topic.
For Basic Mathematics Vocabulary and Calculations, just get them to practise in pairs. One writes a calculation and the other has to read it out in English.
For the Explaining Charts and Statistics, get the students to create their own chart (better than a table) and then get them to describe it front of the other students.
It's a little more difficult to get the student to practise the other topics. With Basic English Financial Vocabulary, you can get them to either talk or write about spending, earning and saving money. With the other topics, get the students to use the vocabulary in a piece of writing from either their own personal experiences or on how things are done in their own country on the topic.