Review: Economic Fortune Tellers
Economic terms are reviewed and reinforced as students
work in groups to play card games using terms and definitions.
The Vocabulary Review Sheet may be used as a study guide
before the lesson.
Students will understand the basic economics vocabulary
Social Studies — Economics, Benchmark A
01. Identify the productive resources needed to produce
a good or service and suggest opportunity costs for
the resources involved.
Social Studies —
Economics, Benchmark B
03. Explain how entrepreneurs organize productive
resources to produce goods and services and that they
seek to make profits by taking risks.
Have the students review the Vocabulary Review
Each student writes eight questions and answers.
Each student makes a fortune teller, as described
Students write questions that they make up on
the inside flaps of the fortune tellers, with the
corresponding answers written on the underneath
On the top of the fortune tellers, students can
write a four-word statement about economics, such
as “the four productive resources.”
When fortune tellers are completed, students work
with a partner. Each student takes a turn manipulating
the fortune teller while the partner chooses and
answers a question.
How to Make a Fortune Teller
Start with an 8 1⁄2" square piece of
Fold square in half diagonally to make a triangle.
Fold the triangle in half vertically to make a
Open up the paper to the original square.
Take each corner and fold it in to meet the center
of the square, forming a smaller square when finished.
Flip the square over so that the smooth surface
is on top.
Repeat Step 5.
Fold the square in half horizontally, creasing
the fold and then opening it back up.
Fold the square in half vertically, creasing the
fold, and then opening it back up. The result is
a blank fortune teller.
A two-part assessment may be used. For Part 1, a participation
score may be assessed as the game is played. For Part
2, the Review Test Form may be used.