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18 Essential Activities to Boost Economic Vocabulary 

March 10, 2023 //  by Mike Dave Ayeni

It’s crucial for English language teachers to support their students in developing a solid academic vocabulary that includes words related to the economy. Early exposure to economic vocabulary and concepts can help kids understand terms in real-world financial services as they advance through the intermediate grades and beyond. Here are 18 engaging vocabulary activities that can help your pupils understand and remember economic-specific vocabulary regardless of their background or language level.

1. Vocabulary Word Sort

Sorting words depending on their qualities is the focus of this activity. Economic terms, for example, can be categorized based on whether they are basic terms or unfavorable terms. This assists pupils in understanding the distinctions between words and how they are used.

Learn More: Susan Jones Teaching

2. Word Chains

Word Chain | Devpost

Begin with an economic-specific word and add a word that begins with the final letter of the previous word in turn. This project is an excellent way for students to put their knowledge of language structure, rules, and processing to use.

Learn More: Beyond the Chalkboard

3. Vocabulary Journals

Vocabulary Journal at Lakeshore Learning

Students can keep track of new economic terminology they learn by keeping a vocabulary journal. They can include written definitions, drawings, and examples of how the words are used in context.

Learn More: Measured Moms

4. Scavenger Hunts

Vocabulary Scavenger Hunt Activity, Grades 1–12 (FREE Worksheets Included)

Scavenger hunts can be created to assist students in identifying and understanding economic-specific language. Students may be required to find words relevant to everyday banking terminology or financial services, for example.

Learn More: Sadlier

5. Word of the Day

Great Resource to Help With Word of the Day | 3rd Grade Thoughts

Teach economic-specific vocabulary words such as interest, mortgage, loan, and savings, which are essential in banking and finance. Give real-world examples of these economic terminologies and encourage students to apply these fundamental phrases in their day-to-day conversations.

Learn More: Britannica

6. Visual Language

See and Learn Language and Reading

Students can better learn economic ideas by using photos and other visual aids. A teacher, for example, can use a graphic to explain supply and demand or use illustrations to describe various economic systems.

Learn More: Susan Fitzell

7. Figurative Language

5 Student Friendly Tips for Teaching Figurative Language

Economic topics might be difficult to grasp, but figurative language can make them easier to understand. A teacher can use analogies to illustrate how the stock market works or use metaphors to assist pupils to comprehend the consequences of inflation.

Learn More: Teachers Pay Teachers

8. Storytelling

Digital Storytelling for the Language Learning Classroom - Emerging  Education Technologies

Encourage students to tell stories or share news articles that include economic terms and concepts, such as supply and demand, market trends, or globalization.

Learn More: T and F Online

9. Language Processing

Vocabulary Acquisition: Processes & Examples - Video & Lesson Transcript |  Study.com

In order for students to better understand economic concepts, teachers can educate them on how to process language. Students can be taught to search for signal words and phrases that suggest cause and effect or to recognize frequent root words and prefixes that provide hints about a word’s meaning.

Learn More: Study.com

10. Vocabulary Relay

Vocabulary Game: Relay with Vocabulary Words!

Students can work in groups to review and practice the economic language they have learned. For example, in each team, the first student can read a definition and the other students must then supply the correct economic phrase that accompanies it.

Learn More: Sadlier

11. Vocabulary Bingo

Sight Words Bingo | Sight Words: Teach Your Child to Read

Bingo is a fun method to review economic-specific terminology. Instructors can construct bingo cards containing economic words and meanings, and students can then mark off the concepts as they are called out.

Learn More: Teachers Pay Teachers

12. Word Puzzles

Download Word Search on Economics

Build puzzles that contain economic-specific vocabulary words like crossword puzzles or word searches. Invite pupils to collaborate with a companion to complete the puzzles and explain the meaning of each term.

Learn More: Activity Village

13. Picture Books

4 Tools for Teaching Kids Economics & Liberty - Foundation for Economic  Education

Younger learners can read picture books containing economic vocabulary, such as “A Chair for My Mother” and “The Berenstain Bears’ Dollars and Sense”. Examine the usage of figurative language and how these notions might be applied in real-world circumstances.

14. Vocabulary Tic-Tac-Toe

Sight Word Tic Tac Toe by misszetsen · Ninja Plans

This practice involves playing tic-tac-toe with economic-specific vocabulary items on tic-tac-toe boards. Students can cross off words as they appear in context, and the first student to get three in a row wins.

Learn More: Teachers Pay Teachers

15. Concept Files for Student Pairs

Think-Pair-Share | Classroom Strategies | Reading Rockets

Instructors can construct concept files for pairs of students that include a list of economic-specific vocabulary items and definitions. Students can collaborate to review and reinforce their understanding of key ideas.

16. Synonym/Antonym Match

Grammar Worksheets: Synonyms and Antonyms - Homeschool Den

Match economic-specific vocabulary words with their synonyms or antonyms. For example, match “interest” with “dividend” or “loss” with “profit.”

Learn More: Thesaurus

17. Vocabulary Self-Assessment

Using self-assessment techniques, students can examine their own understanding of economic-specific terminology. This can assist them in identifying areas for improvement.

Learn More: Quizlet

18. Vocabulary Exit Tickets

24 Exit Ticket Ideas - The Owl Teacher by Tammy DeShaw

At the end of a lesson, teachers can utilize exit tickets to check students’ comprehension of economic-specific vocabulary. This can assist teachers in identifying areas where kids want further assistance and reinforcement.

Learn More: Study.com

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