About This Chapter
Democratic Values & Society - Chapter Summary
In this chapter, our instructors cover a variety of topics related to the economy in a democracy, including the U.S.'s core principles and values, such as liberty and equality. You'll learn about decision making and how to evaluate reasoning. Other lessons look at logical fallacies and self-serving bias.
Later in the chapter, our instructors will show ways to utilize graphs, tables, diagrams and charts to display economic information, such as changes in supply and demand or the rate of inflation. You'll learn how to figure out the best way to present information. By the end of the chapter, you should be ready to:
- Name the seven steps of decision making
- Engage in constructive conversation about matters of public concern
- Write an argument in an essay
- Identify logical fallacies
- Use production possibilities curves to illustrate opportunity costs and trade-offs
- Apply strategies for organizing and presenting economic information
With these engaging lessons and informative quizzes, you'll have fun learning. There's a written transcript of each lesson so you can read the information if that's how you learn best. Video tags make it easy to return to a particular passage that requires extra study. Still have questions? You can contact the instructor.
1. The Core Principles of American Government
In this lesson, we will examine a few of the core principles of American government. We will pay special attention to the ideas of popular sovereignty, limited government, separation of powers, checks and balances, and federalism.
2. America's Core Values: Liberty, Equality & Self-Government
In this lesson, we will examine a few of America's core values. We will focus especially on liberty, self-government, equality, individualism, diversity, and unity.
3. The Seven Steps of Decision Making
Effective decision-making is an essential skill for every manager. In this lesson, you'll learn about a seven-step process for effective decision-making. You'll also have an opportunity to take a short quiz after the lesson.
4. How to Discuss Matters of Public Concern
In this lesson, learn about ways to discuss matters of public concerns. As members of a constitutional republic where government units can range from local school boards to the halls of Congress, understanding how to discuss important political issues is vital to our country.
5. Making Reasonable & Informed Decisions on Public Issues
This lesson will help you learn how citizens in a democracy can make the the best decisions on public issues. We will cover where to look for information and how to make a decision based on facts.
6. How to Evaluate Reasoning
Evaluating reasoning in an essay or article is an important step in critical analysis. Being able to judge if something is reasonable whether or not you agree with the argument will be our learning focus for this video.
7. How to Structure an Argument in Your Essay
When you write a persuasive essay, it's important to think about how you'll construct your argument, from how you'll arrange your major points to how and where you'll refute opposing views. This video covers some of the basics for structuring an argument.
8. What are Logical Fallacies? - Define, Identify and Avoid Them
Logical fallacies are flaws in reasoning that can throw your argument off track and confuse your reader. This video explains how to identify a few common logical fallacies and how to steer clear of them.
9. Self-Serving Bias: Definition & Examples
This lesson provides an overview of the self-serving bias, together with specific examples. The lesson also offers a short quiz to help you gauge your level of understanding.
10. Interpreting Visual Displays of Economic Information
The lesson will introduce and analyze various methods used by organizations that not only visually illustrate economic information but will explain which methods are best used to interpret that information.
11. Interpreting Supply & Demand Graphs
Learn how to interpret economic graphs showing supply and demand curves. Explore the reasons that supply and demand curves shift in and out and how that affects price and quantity.
12. Strategies to Organize & Present Economic Information
Collecting, organizing, and presenting data can be a big job, but can be manageable when the right tools are used. In this lesson we will learn about strategies to organize and present information, particularly economic information.
13. Evaluating the Economic Implications of Current Events
Important things happen all around us. When those important things have an impact on the economy, many of us are affected. In this lesson we will learn about one of those things that directly affects the economy: current events.
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Other chapters within the MTTC Economics (007): Practice & Study Guide course
- Economic Concepts & Terminology
- Impact of Historical Events on the Economy
- Impact of Geography on Economics
- Structure of Local & Federal Governments
- Government & Economic Systems
- Government Impact on Economics
- Basics of Measuring the Economy
- Scarcity, Opportunity Cost & Production Possibilities
- Producers & Production in Microeconomics
- Supply, Demand & Market Equilibrium
- Price Determination & Elasticity
- Economic Market Structures
- Business Types & Decision Making
- Understanding Economic Growth and Productivity
- Inflation & Adjustment in Economics
- Unemployment Basics
- Understanding Inflation & Unemployment
- Overview of Aggregate Demand & Supply
- Understanding Macroeconomic Equilibrium
- Scarce Economic Resource Markets Basics
- Fiscal & Monetary Policies
- Contractionary & Expansionary Gaps
- Money & the Market
- The Central Bank & Monetary Policy
- Types of Economic Advantage
- Foreign Exchange & Trade Balance
- Overview of Inflows, Outflows & Restrictions
- International Economic Development
- Consumer Decisions in Economics
- Consumer Protection Laws & Agencies
- Savings & Investments for Personal Finance
- Effective Teaching Strategies
- Instructional Teaching Strategies
- Assessment Strategies for Teachers
- Types of Student Assessments
- Technology Uses in the Classroom
- MTTC Economics Flashcards