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Ch 33: MTLE Elementary Education: Economics

About This Chapter

Recollect your thoughts about how to teach economics in the classroom by going through these video lessons. Study these social studies topics with your mobile-friendly device or computer to make sure you're ready for the MTLE Elementary Education Subtest 3.

MTLE Elementary Education: Economics - Chapter Summary

Although you won't be teaching advanced economics to your K-6 students, you still have to help your students build a foundation to understand concepts like money, economic resources, and how to spot the differences between goods and services. To become licensed, you also have to prove your knowledge of this social studies topic by passing the MTLE Elementary Education Subtest 3. Let our chapter guide you through an informative review of such economics topics as the following:

  • Wants vs. needs
  • Consumer choice and its influence on the market
  • How a global marketplace affects the economy
  • The concept of a global society
  • How society is formed by economic activities, technology, and science

As you prepare to take the MTLE Elementary Education Subtest 3, you might be dreading your study sessions about economics, because you fear the topic might be a little dry. That is definitely not the case here! Our video lessons provide a fast-moving, interactive learning environment. Each lesson has voiceovers from our experts who will explain the subject matter, and, as they talk, animated graphics or other images appear on the screen to reinforce learning. In addition, our lessons are typically between five and 10 minutes in length, so you won't have to worry about losing your focus as you study.

MTLE Elementary Education: Economics Chapter Objectives

Educators in Minnesota who wish to teach economics and other topics in the social studies category will need to first pass the MTLE Elementary Education Subtest 3. Individuals should expect about 50 questions on this test, and all questions are within the selected-response framework. Test-takers will only have 60 minutes to make their way through the assessment. Almost 60% of the final score will be from science questions, but the remaining 43% of the test covers social studies topics, including economics. Becoming familiar with the materials in this chapter can help you show how well you understand such concepts as global connection, the uses of services and goods, how items are distributed, and methods for systematizing production.

8 Lessons in Chapter 33: MTLE Elementary Education: Economics
Test your knowledge with a 30-question chapter practice test
What are Economic Resources? - Definition, Types & Examples

1. What are Economic Resources? - Definition, Types & Examples

If there are no resources, an economy cannot be sustained. In this lesson, you'll learn what economic resources are, the different types of economic resources, and why they are vitally important. A short quiz follows the lesson.

Services Marketing: The Difference Between Services and Goods

2. Services Marketing: The Difference Between Services and Goods

In this lesson, you'll learn the difference between a service and a good. Discover how services are marketed to a consumer using different techniques.

What is Money? - Definition and Types

3. What is Money? - Definition and Types

In this lesson, you'll learn what money is and its four basic functions. You'll also take a look at how it benefits society and explore the different types of money.

Economic Needs and Wants: Definition & Concept

4. Economic Needs and Wants: Definition & Concept

Everybody needs certain things, and everybody wants certain things. In this lesson, you'll learn about needs and wants from an economic perspective and explore different ethical considerations.

The Importance of Consumer Choice in Economics

5. The Importance of Consumer Choice in Economics

Nothing makes a business happier than when we buy something they sell - well, maybe when we buy two of what they sell! This lesson explains why smart companies and governments try to understand everything about you to sell you more.

The Global Marketplace: Definition & Overview

6. The Global Marketplace: Definition & Overview

We have been on the fast track to a global market, but are we there yet? In this lesson, we will define global market and discuss some of its key concepts. A short quiz follows the lesson.

Global Society: Definition & Concept

7. Global Society: Definition & Concept

Is our world international or global? Is there even a difference? In this lesson, we'll explore the concept of a global society and consider the evidence that could point to its arrival.

How Science, Technology & Economic Activity Shape Societies

8. How Science, Technology & Economic Activity Shape Societies

After watching this video, you will be able to explain how science, technology and economic activity have shaped human societies, from the agricultural revolution to the Industrial Revolution to the digital age. A short quiz will follow.

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 MTLE Elementary Education: Practice & Study Guide course

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