Ch 11: FTCE Social Science: Factors in Global Economics

About This Chapter

This chapter will help you prepare for the FTCE Social Science exam by explaining the different elements of the global economy and how they affect global economics.

FTCE Social Science: Factors in Global Economics - Chapter Summary

Follow along with our expert instructor in these lesson videos to improve your understanding of the global economy and the factors that influence it. Each lesson is mobile device-compatible so that you may have a versatile and portable way to review:

  • How the supply and demand of currency affects the foreign currency exchange
  • The effects of fiscal and monetary policies on exchange rates
  • Changes in imports and exports due to currency changes
  • Trade balances, trade deficits and trade surpluses
  • The four main foreign trade components of the current account
  • The two main foreign trade components of the balance of payments
  • Different international banking organizations

Following these lesson videos, be sure to reinforce your retention of the material by reading the lesson transcripts. Use the lesson quizzes to discover the topics you don't understand, then return to the lessons to improve your understanding of these topics. Once you've completed the lessons and quizzes, take the practice chapter exam to determine if you know what you need to know about global economics for the Florida Teacher Certification Examinations (FTCE) Social Science exam.

7 Lessons in Chapter 11: FTCE 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 Social Science 6-12 (037): Practice & Study Guide course

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