Ch 32: The Economy & Geography

About This Chapter

The short video lessons in this chapter help middle school students understand how geography and global relationships can impact economic activity. Lesson quizzes and a chapter exam are available to gauge how well students understand the relationship between geography and the economy.

The Economy & Geography - Chapter Summary

The video lessons in this chapter can help you strengthen your middle school students' knowledge of economy and geography. Presented in a fun and engaging manner, students can explore topics they've covered in class, like gross domestic product and its contribution to the total growth of an economy and how a country's standard of living is impacted by real GDP. The video lessons examine how human capital, physical capital and technology all impact productivity. Students can also analyze the ways that population, geography, conflict and environment affect economic development. Lessons offer quizzes to test students' comprehension of the materials.

Chapter Lessons and Objectives

Lesson Objective
Economic Growth: How to Raise a Nation's Potential Output This lesson helps students understand how to raise a nation's potential output by taking a close look at the concept of economic growth.
Gross Domestic Product: Definition and Components Students learn each component of GDP and explore how they contribute to total growth in the economy.
Economic Activity: Pre-Industrial, Industrial & Post-Industrial Students analyze the importance of different economic activities in various countries and explore why they may be described as pre-industrial, industrial or post-industrial.
How Real GDP per Capita Affects the Standard of Living Instructors show students how the standard of living can be impacted by real gross domestic product per capita.
Global Regulation of Domestic Economic Activity & Wealth Students discover how wealth is increased and distributed through the use of different systems and regulation of domestic economic activity.
Productivity: The Economy's Long-Run Growth Engine Students learn the definition of productivity and the factors affecting it.
Growth Policy and Economic Productivity In this lesson, students explore the policies that promote growth and economic productivity.
National Trade Policies: Economic Impact & Market Share Students analyze why some countries participate in international trade while others build their domestic economies without it.
Investment in Human Capital and Productivity This lesson helps students define human capital and explain how it affects productivity.
Physical Capital: Definition and Effects on Productivity Instructors helps students define physical capital and analyze how it impacts productivity.
How Technology, Research & Development Affect Productivity This lesson explores technology, research and development and how they impact productivity.
The Global Economy: Advantages, Expansion & Impact Students discover how the creation of a global economy has reduced barriers to exchange and communication worldwide.
Factors that Affect Economic Development: Population, Conflict, Geography & the Environment Students learn how a country's economic development is affected by population, conflict, physical geography and environment.
The Primary Geographic Causes for World Trade In this lesson, students explore how geography and the uneven distribution of natural resources contribute to world trade.
Distribution Patterns of Economic Activities Instructors help students understand the distribution patterns of economic activities and how those patterns are affected by technology, resources, communication and transportation.

15 Lessons in Chapter 32: The Economy & Geography
Test your knowledge with a 30-question chapter practice test
Economic Growth: How to Raise a Nation's Potential Output

1. Economic Growth: How to Raise a Nation's Potential Output

Learn the truth about long run economic growth, including how economists define and illustrate an increase in the potential output of a nation through change in real GDP.

Gross Domestic Product: Definition and Components

2. Gross Domestic Product: Definition and Components

Learn how economists measure the total production of an economy using gross domestic product (GDP). This lesson also outlines the components that make up a GDP. How do we calculate the economic value of a nation?

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.

How Real GDP per Capita Affects the Standard of Living

4. How Real GDP per Capita Affects the Standard of Living

Have you ever wondered why some countries are better off than others? In this lesson, explore the concept of real GDP per capita, an economic measure of a nation's standard of living, and discover how population, productivity, and the savings rate effect the standard of living.

Global Regulation of Domestic Economic Activity & Wealth

5. Global Regulation of Domestic Economic Activity & Wealth

This lesson will explain how different domestic economies are regulated. In doing this, it will explain traditional, market, command, and mixed economy systems as well as subsistence living and communism.

Productivity: The Economy's Long-Run Growth Engine

6. Productivity: The Economy's Long-Run Growth Engine

Using real-world examples, you'll learn more about what productivity is and four things that determine it within a nation - physical capital, technology, human capital, and natural resources.

Growth Policy and Economic Productivity

7. Growth Policy and Economic Productivity

What do savings accounts and promoting education have to do with helping the economy to grow? In this lesson, we will explore government policies that help promote higher long-run economic growth.

National Trade Policies: Economic Impact & Market Share

8. National Trade Policies: Economic Impact & Market Share

This lesson will explain national trade policies. In doing so, it will highlight reciprocity and most-favored-nation status. It will also explain non-tariff restrictions and market share.

Investment in Human Capital and Productivity

9. Investment in Human Capital and Productivity

This lesson explores the education, knowledge and skills of the labor force - what economists call human capital - including how it affects productivity and economic output.

Physical Capital: Definition and Effects on Productivity

10. Physical Capital: Definition and Effects on Productivity

This lesson explains what physical capital is and why it's important to an economy. Using real-world examples, you'll see how it relates to the process of producing goods and services, which is a major foundation of economic growth.

How Technology, Research & Development Affect Productivity

11. How Technology, Research & Development Affect Productivity

Economists consider productivity to be a nation's long-run growth engine. This lesson explores the connection between technology, research & development, and productivity, using real-world examples.

The Global Economy: Advantages, Expansion & Impact

12. 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.'

Factors that Affect Economic Development: Population, Conflict, Geography & the Environment

13. Factors that Affect Economic Development: Population, Conflict, Geography & the Environment

After watching this video, you will be able to explain what economic development is and describe some of the factors that affect economic development and how they do so. A short quiz will follow.

The Primary Geographic Causes for World Trade

14. The Primary Geographic Causes for World Trade

After watching this lesson, you will be able to explain the main causes of world trade, including what comparative advantage is, and how trade flows from place to place. A short quiz will follow.

Distribution Patterns of Economic Activities

15. 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.

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 Geography: Middle School course

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