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Ch 27: MEGA Social Science Multi-Content: Macroeconomics & International Trade

About This Chapter

Find out what you need to know about macroeconomics and international trade for the MEGA Social Science Multi-Content test. Once you've reviewed each lesson, try out quizzes for practice. You can track your progress using the dashboard feature provided by Study.com.

MEGA Social Science Multi-Content: Macroeconomics & International Trade - Chapter Summary

In this chapter, take a look at the macroeconomics and international trade topics that are important to know for the MEGA Social Science Multi-Content test. Review each engaging lesson to review different macroeconomics and international trade subjects. The following information will be covered:

  • Types of economic systems
  • Unions, labor markets and professions in the U.S.
  • Financial markets and goods markets
  • The definition of the unemployment rate
  • Inflation and deflation
  • The business cycle
  • Fiscal and monetary policies to manage the economy
  • Governmental regulation, deregulation and management of the economy
  • International trade policy and regulation

Use the short lessons in this chapter to brush up on your knowledge of macroeconomics and international trade. Find out what information regarding these subjects may appear on the MEGA Social Science Multi-Content test, take quizzes for practice and track your progress through your own dashboard.

14 Lessons in Chapter 27: MEGA Social Science Multi-Content: Macroeconomics & International Trade
Test your knowledge with a 30-question chapter practice test
Economic Systems: Definition, Types & Examples

1. Economic Systems: Definition, Types & Examples

In this lesson, you'll learn about the three major forms of economic systems, including planned, market, and mixed market economies. You'll also explore the five factors of production and the roles they play in the exchange of products or services.

Labor in the U.S.: Unions, Labor Markets & Professions

2. Labor in the U.S.: Unions, Labor Markets & Professions

This lesson discusses the differences between the two labor markets in the United States - primary and secondary. It also defines labor unions and the characteristics of a profession.

Financial Markets & Goods Markets

3. Financial Markets & Goods Markets

Learn about two of the biggest markets in most economies; the financial and goods markets. Find out what financial markets are and the purpose they serve. Explore the stock market and bond market and see how they are different than the goods market.

Defining and Measuring the Unemployment Rate

4. Defining and Measuring the Unemployment Rate

You've probably heard about the unemployment rate, especially given how high it was in the 2008 recession. Find out how economists define unemployment, what the unemployment rate is, and how to calculate it in this lesson.

What Is Inflation Rate? - Definition & Formula

5. What Is Inflation Rate? - Definition & Formula

Have you ever heard about inflation on the news? Ever wonder how inflation is calculated? In this lesson, you'll learn what the inflation rate is and how to calculate it. You'll also have a chance to take a short quiz.

What is Deflation? - Definition, Causes & Effects

6. What is Deflation? - Definition, Causes & Effects

You may not realize it, but prices sometimes go down, and that's not always a good thing. In this lesson, you'll learn what deflation is, its causes, and its effects. A short quiz follows the lesson.

The Business Cycle: Economic Performance Over Time

7. The Business Cycle: Economic Performance Over Time

Learn the economic terms that describe economic performance over time and how indicators such as unemployment and inflation behave throughout these economic fluctuations.

Managing the Economy with Fiscal and Monetary Policies

8. Managing the Economy with Fiscal and Monetary Policies

Learn what fiscal and monetary policy are and how they are used to manage the economy. Find out the goals of these policies and some of the tools that each use to help you find a job and influence the amount of money in your pocket.

Governmental Regulation & Deregulation of the Economy

9. Governmental Regulation & Deregulation of the Economy

Government regulations affect all aspects of the economy. However, some sectors are subject to specific regulations due to their importance. This lesson explores the purposes and methods of economic regulation and deregulation.

Governmental Regulation and Management

10. Governmental Regulation and Management

In the U.S., we have several different government agencies that help protect the rights and safety of our workers. This lesson explores and explains these agencies and how they relate to management.

Government Regulation Agencies for Consumer Protection

11. Government Regulation Agencies for Consumer Protection

You will learn about the government regulatory agencies that protect consumers. We'll discuss what the acronyms CFPB, CPSC, FTC, FDA, NHTSA, and SEC stand for and their organizations' responsibilities.

How the Government Protects the U.S. Economy

12. How the Government Protects the U.S. Economy

The following lesson will cover the ways in which the government protects the U.S. economy and ensures stable economic growth. A short quiz will follow the lesson to check for your understanding.

International Trade Policy & Strategic Trade Policies

13. International Trade Policy & Strategic Trade Policies

Governments sometimes intervene in international trade. In this lesson, we'll examine the arguments against strategic trade policy and discuss the policy instruments used by governments to influence international trade flows.

International Trade Regulations & Restrictions

14. International Trade Regulations & Restrictions

Importing and exporting are vital elements to a healthy U.S. economy. Businesses should be familiar with international laws regarding trade. This lesson defines imports and exports and discusses international trade regulations and restrictions.

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 MEGA Social Science Multi-Content: Practice & Study Guide course

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