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Grade 12 IB Economics: Visiting Bank of China

September 25, 2018

Grade 12 IB Economics: Visiting Bank of China

SEPTEMBER 21, 2018—SHANGHAI, THE BUND. A group of IB Economics students arrived at the Bund at approximately 1:10 p.m. to visit the Bank of China. Instead of having students learn about economic theories in the classroom, the IB Economics teachers decided that it would be helpful to have students visit and learn about Economics in a relevant, real world setting—and what would be more suitable than learning about the history of banking in China while touring the Bank of China itself? The field trip was the first of its kind.

Upon arrival, the class was greeted by a bank employee. He brought the class through an impressive museum located on the ground floor that lived up to the bank’s magnificent exterior. The labyrinth was filled with elaborately designed murals, historic documents, outdated Chinese currency, and priceless banknotes that are the last of their kind. The class was given an informative lecture detailing the Bank of China’s prelude, establishment, and transformations that lead up to the present. Students had the rare opportunity to view photos and lifelike models of important figures during the bank’s establishment, peruse written bank records and reports, and ask questions about the bank and its history. After the one-hour tour, the group was invited upstairs to the main lobby where the famed pillars of the bank stand. Legend has it that touching the pillars will bring good luck to those who touch it, and the students did not hesitate to touch them—and wish for luck in their college applications and other endeavors—before heading home.

The Economics teachers’ well-planned trip was a truly unique and educational one that the students all enjoyed. We hope that there are more informative field trips to come.

(Written by 12(1) Sophie Li Pictures by Ye Zhen, Chen Danqing)