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Ch 9: Principles of U.S. & International Economic & Fiscal Policy

About This Chapter

Get ready for economics class discussions or exams or even review material prior to taking professional certification exams by using this short chapter. Lessons focus on policy development processes, aspects of the global economy, monetary policies and more.

Principles of U.S. & International Economic & Fiscal Policy - Chapter Summary

What are the fundamental characteristics of the U.S. economy? What role does the government play in protecting the U.S. economy? How is economic interdependence defined? These are details you will learn or refresh your memory about when you use this chapter.

You can learn more about types of policies, trade and the promotion of economic interests. After you study this chapter, you should be able to do the following:

  • List five principles and describe components of the U.S. economy
  • Discuss the concept of economic globalization
  • Understand the causes and effects of economic interdependence
  • Detail the benefits of trade between nations
  • Define comparative advantage
  • Identify terms describing economic performance over time
  • Explain fiscal and monetary policies
  • Describe how the U.S. government protects the economy and promotes its interests

Your ability to access these 5- to 10-minute lessons at all times, from any device, makes it convenient to study when it's best for you. Use jump tags in the video lessons to review only those topics you need to study, and print lesson transcripts to create helpful reference tools. Track your progress using your Dashboard and take self-assessment quizzes to test what you've learned in one lesson before moving on to the next.

12 Lessons in Chapter 9: Principles of U.S. & International Economic & Fiscal Policy
Test your knowledge with a 30-question chapter practice test
Fundamental Principles & Characteristics of the U.S. Economy

1. Fundamental Principles & Characteristics of the U.S. Economy

The United States is a capitalist economy that rests on pillars, or basic principles. This lesson will explore five of those principles and show them at work in simple examples.

Components of the U.S. Economy

2. Components of the U.S. Economy

What is the US economy and how does it work? Learn what parts make it up, and contribute towards the size of the economy. Test your new knowledge with a short quiz.

The Global Economy: Advantages, Expansion & Impact

3. 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.'

Economic Interdependence: Definition, Causes & Effects

4. Economic Interdependence: Definition, Causes & Effects

This lesson will examine the pros and cons of economic interdependence and its definition as well as its causes and effect. We will also look at how economic interdependence happens and observe who ultimately benefits and is hurt by this phenomenon.

Gains From Trade and the Benefit of Specialization

5. Gains From Trade and the Benefit of Specialization

Explore one of the most widely accepted ideas in economics - the idea that nations benefit from specialization and exchange, reaping gains from trade.

Comparative Advantage, Specialization & Exchange

6. Comparative Advantage, Specialization & Exchange

Companies and individuals are often faced with the question of, 'What should we do?' This lesson examines comparative advantage, a valuable economic concept that helps firms and people determine how to focus their efforts.

Regulatory Policy: Definition, Processes & Examples

7. Regulatory Policy: Definition, Processes & Examples

The following lesson covers how the U.S. government uses its regulatory policy to oversee business activities. A short quiz will follow the lesson to check your understanding.

The Business Cycle: Economic Performance Over Time

8. 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.

What is Fiscal Policy?

9. 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

10. 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

11. 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.

How the Government Promotes Economic Interests

12. How the Government Promotes Economic Interests

The following lesson will cover how the government promotes its economic interests through businesses, labor, and agriculture. There will be a short quiz following the lesson to check your understanding.

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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