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Ch 11: MTTC Elementary Education: Economics

About This Chapter

View online economics lessons and study personal finance and the economy. The material that you'll find in this chapter can help you get ready for the MTTC Elementary Education test.

MTTC Elementary Education: Economics - Chapter Summary

If you need to brush up on your knowledge of economics, this chapter has you covered. Our professional instructors discuss various economics topics in order to help you prepare for your MTTC Elementary Education exam. After completing this chapter, you should be able to:

  • Give an overview of personal finance
  • Explain how to create personal budget
  • Define economic systems
  • Share the role of government in a market economy
  • Summarize the the advantages, expansion and impact of a global economy
  • Discuss how to teach kids government and economics

When you go through this chapter, you'll view video and text lessons, read video transcripts and take lesson quizzes. All of these resources are mobile-friendly, so you can access them at home on your computer or review on-the-go with your laptop or tablet. This gives you the flexibility you need to study when and where it's convenient for you.

6 Lessons in Chapter 11: MTTC Elementary Education: Economics
Test your knowledge with a 30-question chapter practice test
Introduction to Personal Finance

1. Introduction to Personal Finance

While not all of us aspire to careers as accountants, a lack of interest in or understanding of basic financial concepts could cost you money. In this lesson, we'll examine four concepts associated with personal finance that will help you keep track of your money and may even help you build wealth.

How to Create a Personal Budget: Tools & Examples

2. How to Create a Personal Budget: Tools & Examples

Creating a personal budget doesn't have to be overwhelming or discouraging. There are four basic steps to create an effective budget. This lesson will walk you through the steps to create a solid budget.

Economic Systems: Definition, Types & Examples

3. 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.

The Role of Government in a Market Economy

4. The Role of Government in a Market Economy

In this lesson, you'll examine the role of government in a market economy. You'll learn what kinds of activities may require government interaction, such as those related to consumer and property rights.

The Global Economy: Advantages, Expansion & Impact

5. The Global Economy: Advantages, Expansion & Impact

This lesson will explain the concept of economic globalization. We will look at both its positive and negative effects while also highlighting the terms 'import,' 'export,' and 'capital flight.'

Teaching Kids Government & Economics: Strategies & Activities

6. Teaching Kids Government & Economics: Strategies & Activities

The ideas and concepts behind government and economics can be made accessible even to young learners. This lesson will detail some strategies and activities you can use to introduce these concepts to your students.

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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