- Course type: Self-paced
- Available Lessons: 340
- 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 1Research Methodologies: Quantitative, Qualitative & Mixed Method
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Course SummaryBoost your understanding of the topics you'll find on the ILTS Social Sciences Economics exam, including the U.S. economics system, social science and trends in history, with this engaging course. You can use the video lessons and quizzes found in these chapters to assess your comprehension of the subjects and identify which topics may need more study.
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32 chapters in ILTS Social Science - Economics (244): Test Practice and Study Guide
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
To work as a teacher in Illinois, you'll need to take a content area exam, along with meeting other requirements for a teaching license. Offered by the Illinois Licensure Testing System (ILTS), these content exams make sure you have the subject-area knowledge you'll need to teach economics to students. The social science economics test can be taken on six different test dates throughout the year and is only available as a paper-based test. You'll need to answer 125 questions and can choose from either a morning or afternoon session to take your test.
When you start your preparations for this test, you'll want to consider the video lessons and quizzes available in our study guide. These video lessons can help you refresh your knowledge of all the main objectives and concepts needed to teach in this field. Concepts addressed in the lessons are the same as those on the test and include:
- Social science theories and concepts
- Trends, prominent figures and major concepts in history
- Economic systems, international economics and economic theories
- U.S. economic system
In this test, you'll start out with essential concepts in social science research and history. You'll be asked about common research tools and inquiry methods. You should also be familiar with political systems and organizations and the features of government. Geographic inquiry, human behavior and development, broad economic concepts and cultural theories are also covered. Heading into the second subarea, you'll see questions on major historical events, historical interpretation and influential leaders in history. The third subarea is where you'll begin to narrow your focus to basic economic concepts, theories and trends. You'll need to know about economic systems and global economic relationships. Finally, in the fourth subarea, you'll answer questions about the structure of the U.S. economic system and how government, consumers and major institutions interact with the economy.
Preparing and Registering for the ILTS Social Science - Economics
This study guide can provide you with useful tools to prepare for this test. You'll find video lessons and self assessment quizzes that you can use to refresh your knowledge of the subject matter covered on the test. In addition to videos on geography, world civilizations and major events in history, you'll find lessons on economic concepts like scarcity, the production possibilities curve, supply and demand and comparative advantage. You can learn about inflation, economic growth, banking and the nature of different economic systems.
You can register for this test online, and you'll be asked to create an account when you start the registration process. You'll need to provide some personal information and make your payment at this time. You'll also be asked to choose the test you want to take, your test date and your testing site. At this point, you can also select which schools or organizations you want to receive your test scores. A confirmation e-mail is sent to you within about 24 hours of registration, and you'll get an admission ticket as soon as your registration is processed. Your regular deadline for registering varies from two to five weeks before the test date, but if you miss that deadline, you'll have the option of registering late or during the emergency registration period. Be aware that late and emergency registration deadlines require an additional fee.
Scoring the ILTS Social Science - Economics
The scoring range for this content area test is 100 to 300. You'll need at least a 240 to pass this test. This score is determined by the total number of questions you answer correctly, which means you won't lose points for incorrect answers.
Social Science Foundations
Be prepared to answer questions on the tools and methods that social scientists use in inquiry processes. This means you'll be asked about the different methods used to gather data, acceptable research questions and procedures and ethics in research and data interpretation. You'll need to know how concepts like behavioral sciences, economics, history and political science are related and about the teaching methods needed to instruct students in these social science concepts. You'll be asked about the differences between fact and conjecture, cause-and-effect relationships and multiple perspectives. You'll also need to know how to analyze data found in various graphic materials.
This section will test your knowledge of government authority, types of political systems, how public policy is implemented and the functions of law. Common economic concepts are covered in this section along with the tools used in geographic inquiry. Questions in this section also test your knowledge of human development and behavior theories, cultural studies, human societies and social interaction.
History Common Core
You'll need to be able to describe major historical events in the U.S. and the world and define key historical terms for questions in this section of the test. You'll be asked about chronological thinking, cause and effect and historical context. You should be familiar with patterns of settlement in North America and early social and political institutions that arose in the U.S. This section will test your knowledge of the origins of the constitutional government and 2-party system, the U.S. role in international affairs, how the U.S. has been transformed by technological advances and major changes in U.S. society. It's in this section where you'll be tested on the Illinois economy and political institutions and labor changes in the state.
To succeed in this section, come prepared with knowledge of world history, including major transitions in world societies and characteristics of early cultures. Be prepared to answer questions on ancient civilizations and medieval societies, major world religions and important revolutions, such as industrial and scientific revolutions. The test also covers major events and people of the 19th and 20th centuries.
Economic Concepts, Types of Economic Systems and International Economics
Key terms in this section include Keynesianism, scarcity, voluntary exchange and institutionalism. You'll need to apply concepts of monetarism and opportunity cost and be able to use cost-benefit analysis to examine economic information. You should know about intended and unintended consequences and be able to explain the different characteristics that make up economic systems. You could be asked to weigh the pros and cons of market, mixed and traditional systems, among others.
You should know how businesses and governments are different and be able to explain decision-making processes that characterize various economic systems. International economic concepts, trade policies and international organizations are all asked about here. You could also be asked about balance of trade or payments, exchange rates and economic interdependence.
U.S. Economic System
You should know about the factors that are used in production and consumption in the U.S. This could include advertising and politics. This section will ask you to discuss competition in monopolies and oligopolies and how the economy is impacted by unemployment and inflation. You should have knowledge of the business cycle and be familiar with economic indicators like GDP, leading indicators and price indices. You could be asked about what impact deflation has on the economy and how competition plays a role in economic decisions.
To finish out this section, be prepared to analyze the role that government plays in the economy. This could include questions on how the economy is affected by government regulatory functions, taxation, budget deficit, fiscal policy and government debt. You'll need to know how institutions, like banks and labor unions, relate to the economy, as well. Questions will cover the functions of money, interest rates, labor markets and the Federal Reserve. In addition, questions will cover what influences consumer behavior, the effects of market imperfections and characteristics of consumer demand.
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