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Ch 53: FTCE Middle Grades Social Science: Factors in Global Economics

About This Chapter

Using the lessons in this chapter, you'll study for the FTCE Middle Grades Social Science exam by reviewing the various components involved in foreign trade.

FTCE Middle Grades Social Science: Factors in Global Economics - Chapter Summary

The lessons in this chapter will delve into factors that have an effect on the global economy. You'll review currency exchange, imports and exports and global banking systems. After completing the lessons, you will have refreshed your understanding of:

  • Global currency values
  • Policies affecting exchange rates
  • Components of foreign trade
  • Trade deficits and surpluses
  • Currency rates' effect on selling and trading
  • Global banking agencies

The lessons in this chapter have been developed specifically to review information you are likely to come across on the exam. Each lesson contains a short video to help illustrate the material. The video's transcript is also included as a great resource for taking notes. You can take a self-assessment quiz at the end of each lesson to test your knowledge and see how questions may appear on the exam.

7 Lessons in Chapter 53: FTCE Middle Grades Social Science: Factors in Global Economics
Test your knowledge with a 30-question chapter practice test
Foreign Currency Exchange: Supply and Demand for Currency

1. Foreign Currency Exchange: Supply and Demand for Currency

In this lesson, you'll learn why money from different countries has different values of exchange. We'll cover the supply and demand for currencies and how changes in supply and demand can affect the exchange rates between currencies.

How Fiscal and Monetary Policies Affect the Exchange Rate

2. How Fiscal and Monetary Policies Affect the Exchange Rate

Discover how fiscal and monetary policy can affect the exchange rate and ultimately the amount of money it costs you to buy goods and services. Find out the three paths that both fiscal and monetary policy can travel to impact the exchange rate.

How Currency Changes Affect Imports and Exports

3. How Currency Changes Affect Imports and Exports

Learn about how currency changes can affect imports and exports. Find out how this affects you. Discover what happens when a dollar is strong compared to other currencies and what happens when it is weak.

Achieving Trade Balance: Trade Deficit and Surplus Examples

4. Achieving Trade Balance: Trade Deficit and Surplus Examples

Find out what trade balance, trade deficit, and trade surplus are. Learn about some recent examples that help clarify trade deficit and surplus. Explore what countries have a surplus and what countries have a deficit.

Balance of Payments: Current Account & Measuring Foreign Trade

5. Balance of Payments: Current Account & Measuring Foreign Trade

Find out what the current account is and the four main foreign trade components that it is comprised of. Similar to your bank account, learn how the current account is measured and what a deficit and surplus mean when talking about this economic indicator.

Balance of Payments with Financial Accounts: Measuring Foreign Trade

6. Balance of Payments with Financial Accounts: Measuring Foreign Trade

Learn about the balance of payments and the two key components that make it up. Discover what the financial/capital account is and how it relates to foreign trade and surpluses and deficits.

The World Bank, IMF & Other International Banking Organizations

7. The World Bank, IMF & Other International Banking Organizations

International banking and financial organizations exist to encourage economic and financial stability, help facilitate trade, and help with economic development. In this lesson, you'll learn about some of these important organizations.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the FTCE Middle Grades Social Science 5-9 (038): Practice & Study Guide course

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