Spice up your end of course review with an engaging game of Economics Bingo! This isn’t your regular bingo game! Instead of calling out words, the teacher will call out definitions, which the students must then match to the terms on their cards. Two different sets of bingo cards are included that review over a total of 100 important economic concepts. A master list of terms and definitions is included, as well as 60 unique bingo cards. (Each card will contain 24 randomly selected terms.)
Two different sets of terms and cards are provided. (All 100 terms are not covered on one set of bingo cards since it would make the game extremely long.) You can choose to use just one or both sets for your review!
Three play options allow the teacher to differentiate based on class needs:
• Option 1 (Easy) - Read aloud the definition of an economic term listed on the bingo term list. Allow the entire class to call out the corresponding bingo term/answer. Students can then check their cards for that bingo term and mark it.
• Option 2 (Moderate)* – Read aloud the definition of an economic term listed on the bingo term list. Students must use their own knowledge to figure out the answer (without the help of classmates), and then mark the correct answer on their bingo cards.
• Option 3 (Hard)* – Call out an economic term (not the definition). Students mark the corresponding term on their bingo cards. When a student gets “Bingo,” he/she must call out the terms he used to get bingo AND give a definition of each term. If the student cannot give the definition of each term, the student does not get credit for the bingo and play continues until someone can define all of the bingo terms on his/her card.
*Options 2 and 3 can also be modified to allow students to work in groups or pairs.
This activity can be used:
o As a way to reinforce and review content taught
o As a starting activity to help students access their prior knowledge
o As extra practice for a student who needs additional review
o As a partial review for standardized tests
o As a filler activity after testing
• Teacher Instructions
• Bingo Term and Definition Checklists
• 60 Unique Bingo Cards (2 Sets of 30)
• Student Instructions PowerPoint
annual percentage rate, barriers to entry, Board of Governors, budget, budget deficit, budget surplus, business cycle, capital, collateral, collision insurance, command system, comparative advantage, complementary goods, consumer, Consumer Price Index, contraction, corporation, currency, cyclical unemployment, demand, discount rate, diversification, economic indicator, elasticity of demand, entrepreneur, equilibrium, exchange rate, expansion, export, factors of production, FDIC, Federal Open Market Committee, Federal Reserve, fiscal policy, free trade zone, frictional unemployment, goods, Great Depression, gross domestic product, guns or butter, human capital, import, import quota, inflation, interest, investment, labor, land, liability insurance, macroeconomics, market basket, market system, medium of exchange, microeconomics, mixed economic system, monetary policy, monopolistic competition, monopoly, mortgage, mutual found, NAFTA, need, opportunity cost, peak, perfect competition, principal, production possibilities curve, productivity, profit motive, progressive tax, property rights, real GDP, reserve requirement, scarcity, seasonal unemployment, secured loan, service, shareholder, shortage, sole proprietorship, specialization, stock, structural unemployment, subsidy, substitute goods, supply, surplus, tariff, trade deficit, trade surplus, trade-offs, traditional economic system, trough, underutilization, unemployment rate, voluntary exchange, want
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