YR 9 VISIT TO THE BANK OF NEW YORK - 23/24 MAY 2011
Year 9 maths students were taken for a day out to the Bank of New York in Piccadilly, Manchester. On arrival at the very modern office block we were shown up to the 1st floor where we were given the H&S briefing.
We were then taken up to one of their training rooms where the students were split into 3 groups. The first activity was about buying and selling stocks and shares. Each group was given £50,000 in monopoly money to spend on the stock market. They were then given a sheet of paper with a table showing large companies e.g. Greggs, RBS, B.A. and Ford. Under each of these was a box that gave the current share price for that company. The students then had to decide who they wanted to buy shares for and how many. They could look at information cards about the companies and how risky they were for shareholders.
When they had made their decisions as a group, they had to go up to the desk and buy the shares. They were then told the share prices for the following day and they noted the prices on the sheet under ‘Day 1’. They then worked out if they had made or lost money on their current shares. They had to take into account any charges or fees and deduct them from their total.
They could then decide if they wanted to buy or sell any more shares and try to increase their profits.
They had 5 days of share prices going up and down and each time they had to work out how much they had.
The students found this activity fun and they had to work as a team and work out the best stocks to buy or sell.
After a very nice lunch the students were given an Enterprise activity, ‘The Young Apprentice’ to do in different groups. They had to design, cost, market and promote a hoodie that is different from anything else on the market at the moment.
After approximately 90 minutes the groups had to do a presentation to the other groups and to employees of the Bank of New York, who were the judges.
All the presentation were Very good with each student presenting their part in the team.
The winning team were given a bag of ‘goodies’ from the Bank of New York and every student got a certificate for taking part in the day.