Is it time to review some important vocabulary/terms about economics with your class? If so, then this game on important economics vocabulary may fit perfectly into your class lesson plans.
I designed this economics game for use with my 4th graders, but I would imagine it could be used with any grade that studies the following economics terms.
Words included: consumer, producer, barter, money, debt, credit, economics, wants, demand, needs, goods, services, supply, market, opportunity cost, save, checks, interest, loan, human resources, capital resources, natural resources, currency, sales tax, income tax, income, specialization, entrepreneur, profit, fixed expenses, budget, and variable expenses
When the students go to play, each student will get an economics themed BINGO board, which I actually renamed ECON-O. They will also get a sheet that has 32 answer cards. They will take a few minutes to cut out the answer cards and decide where they want to glue them on their ECON-O board. They will mix them up, so that all boards in the class will most likely be different. Eight cards will be left over, so not every kid will have every answer.
If you want to 'recycle' the boards year after year, just have this year's class make the boards, color them, etc. Get them laminated, and you can reuse year after year.
The teacher then has 32 question cards dealing with economics vocabulary along with the answers printed on the question cards. The teacher will pull one card at a time and read it aloud........... more specific directions beyond this are given in the packet, but you get the point. :-)
This is a fun way to end a unit on Economics and review before the unit test. Also, this would be something great to pull out toward the end of the year before your yearly standardized testing when it has been months since you have covered the content.
Have fun with this game.
♦Social Studies BINGO BUNDLE pack
♦Maps and Globes Bingo
♦Westward Expansion BINGO
♦European Explorers BINGO
♦Native Americans BINGO (4th grade GA and more)
♦Government- The New Nation BINGO
♦American Revolution BINGO
♦Colonial Times BINGO
For more creative lesson ideas, click on 'elementary lesson plans' by my picture above.