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Ch 47: OAE Middle Grades Social Studies: U.S. Economy

About This Chapter

Let us assist your review for the OAE Middle Grades Social Studies exam. In this particular chapter, we focus on components of the U.S. economy through a series of engaging video lessons.

OAE Middle Grades Social Studies: U.S. Economy - Chapter Summary

Understanding the U.S. economy can be a tricky subject. Let us simplify it for you with video lessons and short quizzes that will help you pass the OAE Middle Grades Social Studies exam. This chapter covers the following topics:

  • Relationships between U.S. economic institutions
  • Types of banking systems
  • Financial and goods markets
  • Labor unions
  • Fiscal policy
  • Monetary policy and the federal reserve system
  • Government's role in the U.S. economy
  • Types of taxes

This chapter is filled with numerous resources that can help you succeed on the OAE Middle Grades Social Studies exam. The fun and quick video lessons cover different economics topics in an easy-to-understand manner. The lesson quizzes will then test you on what you have reviewed so far. The quizzes will not only test you on information you need to know, but will help you become familiar with the test taking skills that are needed for the exam.

10 Lessons in Chapter 47: OAE Middle Grades Social Studies: U.S. Economy
Test your knowledge with a 30-question chapter practice test
Relationships Between Different U.S. Economic Institutions

1. Relationships Between Different U.S. Economic Institutions

The U.S. economy is made up of complex relationships between numerous institutions. In this lesson, learn about a few of the most important: private banks, the IRS, the Federal Reserve, and the stock market.

Banking System: Definition & Types

2. Banking System: Definition & Types

Banks are a huge part of our lives. In this lesson, we will explore the banking system. We will learn about different types of banks as well as how they each function.

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.

What Is a Labor Union? - Definition & History

4. What Is a Labor Union? - Definition & History

Labor unions are important organizations. In this lesson, you will learn what a labor union is and the history of labor unions in the United States. You will have an opportunity to reinforce your knowledge with a short quiz.

What is Fiscal Policy?

5. What is Fiscal Policy?

The following lesson will cover how the U.S. government uses fiscal policy to affect the economy. A short quiz will follow the lesson to check your understanding.

Monetary Policy & The Federal Reserve System

6. Monetary Policy & The Federal Reserve System

This lesson covers the Federal Reserve System's use of monetary policy to help promote the economy. A short quiz will follow the lesson to check your understanding.

How the Government Protects the U.S. Economy

7. 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.

Governmental Regulation & Deregulation of the Economy

8. 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.

Government Agencies that Protect the Public From Illegal Business Practices

9. Government Agencies that Protect the Public From Illegal Business Practices

The public has to be protected from illegal business practices. In this lesson, you'll learn about the four government agencies that monitor, protect, and prevent corporate America from taking advantage of consumers.

How the Government Protects Your Money During a Financial Crisis

10. How the Government Protects Your Money During a Financial Crisis

In this lesson, you'll learn about some of the causes of the financial crisis of 2008 that brought us the Great Recession. You'll also learn what steps the federal government can take to help protect your money when the next financial crisis hits.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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Other Chapters

Other chapters within the Ohio Assessments for Educators - Middle Grades Social Studies (031): Practice & Study Guide course

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