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Ch 50: TExES Core Subjects 4-8: Economic Principles

About This Chapter

Explore the various systems of economics and the philosophies behind them in our Economic Principles chapter. These lessons, quizzes and chapter tests form a powerful study tool to help you get ready for the TExES Core Subjects 4-8 exam.

TExES Core Subjects 4-8: Economic Principles - Chapter Summary

Examine the tenets, philosophies and workings of socialism, communism and mixed economies, the impact and advantages of a world-wide economy and much more while you strengthen your understanding of economics in general. The information in these lessons is designed to assist you in your preparations for the economics-related questions on the TExES Core Subjects 4-8 test. Gain new perspectives and review some old ones on the following:

  • Benefits, growth and influence of a global economy
  • Major economic systems: communism, socialism and more
  • Pre- and post-industrial and industrial economic activity
  • Factors that determine distribution of economic activities
  • Distribution of work and economic activities in Texas

Skillfully presented and well-written, these lessons hold your interest while providing sound, well-founded and useful information. Each video lesson has a fully transcribed version that accompanies it, and a timeline feature that allows you to skip the parts you're already sure about and move directly to those areas that you feel require further study. Key terminology is highlighted in bold print for quick referral, and our instructors and subject area experts are as close as your computer mouse if you have questions.

5 Lessons in Chapter 50: TExES Core Subjects 4-8: Economic Principles
Test your knowledge with a 30-question chapter practice test
The Global Economy: Advantages, Expansion & Impact

1. 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.'

Understanding Socialism, Communism, and Mixed Economies: Comparison & Analysis

2. Understanding Socialism, Communism, and Mixed Economies: Comparison & Analysis

Socialism and communism are alternative economic systems to capitalism. In this lesson, you'll learn some of the key concepts behind these economic systems. You'll also learn about mixed economic systems.

Economic Activity: Pre-Industrial, Industrial & Post-Industrial

3. Economic Activity: Pre-Industrial, Industrial & Post-Industrial

This lesson will explore the eras of pre-industrialism, industrialism, and post-industrialism. In doing so, it will highlight subsistence-level living, cottage industries, and the service industry.

Distribution Patterns of Economic Activities

4. Distribution Patterns of Economic Activities

After watching this video, you should be able to describe what determines the distribution of economic activities, both historically and currently. A short quiz will follow.

Work Patterns & Economic Activities in Texas

5. Work Patterns & Economic Activities in Texas

This lesson will cover the growth of three traditional industries of Texas: cotton, ranching and oil. They dominated the Texas economy for many years but things are changing. Texas will need to look at a more diversified future with technology as a possible leader.

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 TExES Core Subjects 4-8 (211): Practice & Study Guide course

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