This word splash/splat game could be used in a variety ways when introducing or reviewing the economic terms associated with the 4th grade standards listed below. However, my students enjoy playing SPLAT (Students are divided into two teams. One team member competes against a member from the other team. Both teams have flyswatters. The teacher defines or describes one of the vocabulary terms, and the two students race to swat the associated vocabulary word.).
SS4E1 The student will use the basic economic concepts of trade, opportunity cost, specialization, voluntary exchange, productivity, and price incentives to illustrate historical events.
a. Describe opportunity costs and their relationship to decision-making across time (such as decisions to send expeditions to North and South America).
b. Explain how price incentives affect people’s behavior and choices (such as colonial decisions about what crops to grow and products to produce).
c. Describe how specialization improves standards of living (such as the differences in the economies in the New England, Mid-Atlantic, and Southern colonies).
d. Explain how voluntary exchange helps both buyers and sellers (such as prehistoric and colonial trade in North America).
e. Describe how trade promotes economic activity (such as how trade between the colonies and England affected their economies).
SS4E2 The student will identify the elements of a personal budget and explain why personal spending and saving decisions are important.