vvillyd
I am correct on the EGC, though. It works the same as the EGC in the US. If a ground fault causes a house to burn down, then the breaker will absolutely NOT open. That's how the fire starts: current flows through something it shouldn't long enough to heat it up to the point that something ignites. If the breaker opens, the fire wouldn't have started in the first place.
First, NEVER work anything hot. There is no such thing as a safe voltage to work energized. Even a simple home receptacle circuit can easily kill you (and it happens with alarming regularity).
That said, ALWAYS work something AS IF it were hot (for the exact reason you said, accidents happen). This means connecting the safety measures first. The safest order to connect wires is: ground, neutral, hot. The safest order to disconnect wires is the opposite: hot, neutral, ground.
As far as learning common electrical, I'm sure local organizations in your area will have some kind of classes. Probably local hardware stores? I don't know. I learned through trade school and on-the-job training. As an electrician, I will self-servingly tell you that you should always hire a licensed electrician.
The MBJ/SBJ is what bonds the neutral. This doesn't have anything to do with the Earth. This bonding has to be done anywhere between the origination of the circuit and the first overcurrent protective device.
The GEC is what connects to the Earth. This is used to stabilize voltage and to eliminate a difference in potential between metal parts during a high frequency event (like a nearby lightning strike or a transformer blowing up). This has nothing to do with the operation of breakers.
The entire purpose of the EGC is to bond all normally non-current carrying conductive parts together to provide a ground-fault current path back to the source of the circuit. If the EGC is not connected to some non-current carrying conductive part, then it is not installed correctly, is against code, and is a safety hazard. If the EGC is bonded to everything properly and there is a fault (say an ungrounded wire touches a metal box), then the current will flow through the ungrounded conductor, through the metal box, through the EGC (which is bonded to the box), back to the source (usually a transformer), across the windings, and eventually back to the breaker that controls the circuit. This will build up enough current (usually VERY fast, like milliseconds) and the breaker will open. The Earth has nothing to do with this.
Your green wire would be what the US calls a ground wire, and what is more accurately called a Equipment Grounding Conductor (EGC). It's purpose is to bond all normally non-current carrying conductive parts of a system together to provide a ground-fault current path back to the source so that the overcurrent protective device can operate properly to open the circuit in the case of a ground fault. It is 100% a safety measure, and will operate as intended to open a breaker whether or not it is connected to the Earth.
Your red and black wires are both ungrounded conductors, and are the conductors which actually create the circuit that allows current to flow to power whatever you connect to the circuit. The circuit will work to provide current without the green wire. However, without the green wire, if either the red or black shorts to something, the breaker will not open and you have an enormous potential to harm someone or burn your house down.
That is, if the hot wire touches a metal part of the fan which is not supposed to be energized (say the metal housing), and the fan is not properly bonded, then there will be no ground-fault path back to the source to cause the breaker to trip. This could mean that the housing of your fan would be energized with (in a home in the US) 120V, and would shock anyone who touches it.
The electrical potential between any two given points is dependent on the impedance along the pathway between the two. The lower the impedance, the lower the potential (or work/energy needed to move current). So, yes, in a way electricity wants to get to the point with the lowest potential, but that point will always be the point where the electricity originates.
I was a little vague with "where the electricity originates" because that could be a number of things. It could be a battery, a transformer, a generator, a turbine, a dynamo, etc. Whatever is creating the difference in potential between two points is the "source" of the electricity.
Let me know if you have any questions about electrical theory or installation, or anything else!