📖

Economics Review Game

Review: Civics and Economics

Day 178of 180
Week 36of 36
25Minutes
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🖨️ Download Worksheet (PDF)
🎯 What You'll Learn

Learning Objectives

1

Recall key economic concepts learned this year

2

Understand difference between needs and wants

3

Practice basic economic decision-making skills

📖 Scripture Connection

Proverbs 13:11

“Wealth gained dishonestly dwindles away, but he who gathers by hand makes it grow.”

— Proverbs 13:11 (WEB)

Learning to be wise and responsible with resources

📦 Materials Needed

  • Economics Review Game Board
  • Colored game pieces
  • Dice
  • Index cards
  • Pencils
  • Play money
📚 Step-by-Step

Lesson Plan

1Opening (5 min)

Gather students in a circle and review economic vocabulary from the year: money, spending, saving, needs, wants

💭 Review Question: What is the difference between something you need and something you want?
2Teaching (7 min)

Explain economic concepts through simple stories and examples

📌 Key Talking Points:
  • Needs are things we must have to live
  • Wants are things that are nice but not necessary
  • Money helps us make choices about needs and wants
💬 Discussion Questions:
  • Can you name something you need?
  • Can you name something you want?
  • How do people earn money?
3Activity: Economic Choices Board Game (10 min)
game

Players move around game board making economic decisions

📝 Instructions:
  1. Roll dice and move game piece
  2. Follow instructions on space
  3. Collect play money for good economic choices
  4. Lose money for poor choices
🔄 Variations:

Simpler: Use fewer game spaces

Challenge: Add more complex economic scenarios

4Closing (3 min)

Discuss game experiences and economic lessons learned

📝 Review Questions:
  • What was the most important thing you learned today?
  • How can we be wise with money?
🙏 Prayer:

Dear God, help us be wise and thankful for the resources you provide.

Coming up: Tomorrow we'll celebrate everything we've learned this year!

💎 Memory Verse

Proverbs 3:9

“Honor Yahweh with your substance, with the first fruits of all your increase.”

— Proverbs 3:9 (WEB)

🎯 Activity: Repeat verse while sorting play money into 'save' and 'give' piles

👨‍👩‍👧 For Parents

Teaching Notes

📚 Background:

First-grade economics focuses on basic concepts of needs, wants, and simple financial choices

💡 Teaching Tips:
  • Use real-life examples
  • Make learning fun and interactive
  • Encourage conversation about money
🤔 Common Struggles:

Differentiating between needs and wants

👀 Signs of Understanding:

Child's ability to discuss basic economic concepts

🚀 Want More?

Extension Activities

  • Create a savings jar at home
  • Play store with play money
  • Discuss family budget in age-appropriate ways

Ready for Tomorrow?

Great job completing today's lesson!

Continue to Day 179 →Back to History & Social Studies