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Ch 33: GACE Behavioral Science: Economic Systems

About This Chapter

You can check your knowledge of economic systems subject matter by reviewing the lessons across this chapter. Different topics that may surface on the GACE Behavioral Science assessment can be found in the engaging videos.

GACE Behavioral Science: Economic Systems - Chapter Summary

Use this chapter to brush up on the differences between the substantive and formal approaches to exploring economic systems. Review the rest of the lessons in the chapter to be prepared for any GACE Behavioral Science items on:

  • Major sectors of the modern economy
  • Currency's development
  • Worldwide economic distribution types
  • Resource management

Complete a practice quiz after each video lesson to verify your familiarity with the content. Video tags provide an easy way for you to find any specific segments to review again before leaving the chapter.

GACE Behavioral Science: Economic Systems Chapter Objectives

The GACE Behavioral Science assessment reveals whether examinees have the level of content knowledge that makes them prepared to effectively teach the behavioral sciences to students. Economic systems fall under one of Test I's Anthropology subarea's objectives. This subarea overall amounts to about 20% of Test I's 60 selected-response items.

5 Lessons in Chapter 33: GACE Behavioral Science: Economic Systems
Test your knowledge with a 30-question chapter practice test
How Anthropologists Study Resource Management within Groups

1. How Anthropologists Study Resource Management within Groups

This lesson will seek to explain how resource management occurs around the globe. In doing so, it will highlight the term 'technology,' as well as the concept of usufruct.

Economic Systems: Formal & Substantive Approaches

2. Economic Systems: Formal & Substantive Approaches

Today's lesson on the substantive versus formal approaches to economics is rather simple to grasp despite the way these names may sound. Learn about these terms and their origin and see some tangible examples of each.

The History of Money and Rise of Complex Economies

3. The History of Money and Rise of Complex Economies

This lecture covers the development of money in response to the needs of complex economies. It begins with a discussion of gift economies. It then examines the factors that led to the growth of commodity economies. Find out how we came to use money, rather than goods, for commerce.

The Modern Economy: Primary, Secondary & Tertiary Sectors

4. The Modern Economy: Primary, Secondary & Tertiary Sectors

The modern economy can be divided into three sectors that reflect the economic development of that society. This lesson will discuss and explore the interaction between the primary, secondary and tertiary sectors of the modern economy.

Forms of Economic Distribution & Exchange within Society

5. Forms of Economic Distribution & Exchange within Society

This lesson will seek to explain the different forms of economic distribution found across the globe. It will highlight generalized and balanced reciprocity as well as redistribution and market exchange.

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 GACE Behavioral Science (550): Practice & Study Guide course

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