About This Chapter
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
|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.|
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.
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?
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.'
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.
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.
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.
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Other chapters within the Geography: Middle School course
- Introduction to Geography
- Tools Used in Geography
- Earth's Spheres and Internal Structure
- Plate Tectonics
- Minerals and Rocks
- Weathering and Erosion
- Rock Deformation and Mountain Building
- Ground Water
- Running Bodies of Water
- The Earth-Sun Relationship
- Solar Radiation & Energy
- Global Temperature Patterns & The Atmosphere
- Atmospheric Pressure and Wind
- Atmospheric, Weather & Wind Patterns
- Atmospheric Moisture, Precipitation & Clouds
- Weather Events
- Geomorphology of Arid Regions
- Oceans & Coasts
- Geologic Time
- The Origin and Dispersal of Humans and Culture
- The Impact of Geography on Language & Culture
- The Environment & Human Populations
- The Domestication of Plants & Animals
- The Global Distribution & Characteristics of Soil
- Geography of Land Resources
- Human Movement & Spatial Processes
- Types of Human Settlements
- Ethnicity & Geography
- Modern Economic Systems
- Political Geography
- Impact of Humans on the Environment
- Renewable Resources
- Nonrenewable Resources
- Environmental Sustainability
- Food and Agriculture
- Solid and Hazardous Waste
- Environmental Risk Analysis
- Ethical and Political Processes of the Environment
- Understanding Geography Using Maps
- The Impact of Religion on Geography
- Early Human Civilizations
- World Conflicts & Geography
- Geography of North America
- Geography of the U.S.
- Geography of Canada
- Geography of the Caribbean & Central & South America
- Geography of Europe
- Geography of Africa & the Middle East
- Geography of South Asia
- Geography of China, Japan & the Koreas
- Geography of Russia & Central Asia
- Geography of Australia & the Pacific Islands