- Course type: Self-paced
- Available Lessons: 148
- Average Lesson Length: 8 min
Eligible for Certificate:
Certificates show that you have completed the course. They do not provide credit.
Watch a preview:chapter 1 / lesson 1Real Output, Price Level and the Real Gross Domestic Product
This course can be found in: GACE Test Prep
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Course SummaryThis comprehensive study guide is designed to help you review macroeconomics, international economics and personal finance. Use this course to study all of the material you could be tested on by the Georgia Assessments for the Certification of Educators (GACE) Economics Test II exam.
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Course Practice TestCheck your knowledge of this course with a 50-question practice test.
- Comprehensive test covering all topics
- Detailed video explanations for wrong answers
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About This Course
From market structures to foreign exchange, this course addresses various economics topics related to money and trade. You'll study economic growth, inflation, unemployment, monetary systems, foreign trade and personal finance. Once you complete your review of this course, you should have developed a better understanding of the following:
- Economic performance and the GDP
- Resource markets
- Market structures and measuring for inflation
- Economic productivity
- Measuring and adjusting for inflation
- Measuring unemployment rates and fluctuations
- Aggregate demand and supply
- Fiscal and monetary policies
- Expansionary and contractionary gaps
- The function of money, money supply and money markets
- Central bank tools and responsibilities
- Foreign currency exchange rates
- Trade balance, tariffs and trade restrictions
- Consumer choice, personal savings and investment
About the Exam
Aspiring and professional educators in Georgia who are seeking licensure to teach economics must take the GACE Economics Test as part of the certification process. The GACE Economics exam consists of Tests I and II, which can be taken together or separately. Test II consists of multiple-choice questions in three subareas: Macroeconomics, International Economics and Personal Finance. The Macroeconomics section accounts for the largest portion of the test at 64%, followed by International Economics at 20% and Personal Finance at 16%. Test takers are given two hours to complete this computer-based test. There are two passing score levels: 220-249 at the induction level and 250 and up at the professional level.
GACE Economics Test II Exam Preparation & Registration
Quickly review all of the material needed to take the GACE Economics Test II exam with this study guide. Lessons focus on topics such as the impact of different economic markets, effects of inflation, demand and supply curves and models, fiscal practices and more. With 24/7 accessibility from any device and expert instruction, these short video lessons offer an effective way to ensure that you are fully prepared to take the GACE Economics Test II exam. You can easily contact instructors with any questions by using a brief online contact form. Self-assessment lesson quizzes and chapter exams are great tools you can use to determine if you have retained enough information to take this GACE exam or need to further review any of these subjects.
Register for this GACE exam by first creating on account on the Georgia Professional Standards Commission website and obtaining a Georgia certification ID. You will need this ID when creating an ETS GACE testing account. Complete the registration process - which includes paying exam fees via credit/debit card, PayPal or e-check - online or by phone.
GACE is a registered trademark of the Georgia Professional Standards Commission, which is not affiliated with Study.com.
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