mastering the teks for the world geography eoc n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Mastering the TEKS for the World Geography EOC PowerPoint Presentation
Download Presentation
Mastering the TEKS for the World Geography EOC

Loading in 2 Seconds...

play fullscreen
1 / 15

Mastering the TEKS for the World Geography EOC - PowerPoint PPT Presentation


  • 309 Views
  • Uploaded on

Mastering the TEKS for the World Geography EOC. Unit 6: The Globalization of Economics. Economic Systems. TEKS to be covered in this section Economics 10 The student understands the distribution, characteristics, and interactions of the economic systems in the world.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Mastering the TEKS for the World Geography EOC' - felice


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
mastering the teks for the world geography eoc

Mastering the TEKS for the World Geography EOC

Unit 6: The Globalization of Economics

economic systems
Economic Systems
  • TEKS to be covered in this section
    • Economics 10 The student understands the distribution, characteristics, and interactions of the economic systems in the world.
      • Economics 10 (A) Describe the forces that determine the distribution of goods and services in free enterprise, socialist, and communist economic systems.
      • Economics 10 (B) Classify where specific countries fall along the economic spectrum between free enterprise and communism.
      • Economics 10 (C) Compare the ways people satisfy their basic needs through the production of goods and services such as subsistence agriculture versus commercial industries.
    • Culture 18 (C) Identify examples of cultures that maintain traditional ways, including traditional economies.
economic systems1
Economic Systems

What is economics?

  • Economics is the study of how individuals, businesses, and nations make things, buy things, spend money and save money.
  • Supply and Demand- people have unlimited wants yet supplies might be limited. When supply is high and demand is low, cost is low. When supply is low and demand is high, cost is high.
economic systems2
Economic Systems

What are goods and services?

  • Goods are those things that people make
  • Services are those things that people do for each other
economic systems3
Economic Systems

Types of Economic Systems

  • Traditional Economy
    • Primarily agricultural
    • Center around family or tribal unit
    • People are born into their economic situation
    • Barter system
  • Subsistence Agriculture
    • Tribe or family only grows what they need
    • No sales to market
  • Cottage Industries
    • People use their free time to weave cloth, make furniture and cloths
economic systems4
Economic Systems

Types of Economic Systems

  • Free Enterprise
    • Known as capitalism or free market
    • Based on the laws of supply and demand
  • Role of the Government
    • People have the right to private property
    • People are free to take part in any business they choose
    • The ability to make profit drives people
economic systems5
Economic Systems

Types of Economic Systems

  • Communism
    • Developed in the 1800s based on the ideas of Karl Marx
    • In theory, there are no social classes
    • Cooperation replaces competition and everyone’s needs are met
  • In Reality
    • All important economic decisions are made by government leaders
    • Government leaders develop national plans and decide what specific goods a factory is going to make
economic systems6
Economic Systems

Types of Economic Systems

  • Socialism
    • Important businesses producing goods are owned by the government (mines, factories, ect)
    • Governments typically own railroads, airlines, hospitals, banks, utility companies and other major industries
    • Disagree with communist ideal that workers’ lives could only improve through violent revolution
economic systems7
Economic Systems

Types of Economic Systems

  • Mixed Economies
    • In the real world, no economy follows one economic system
    • Most countries blend systems into a mixed economy
economic development
Economic Development
  • TEKS to be covered in this section
    • Geography 5 (B) Interpret political, economic, social, and demographic indicators (gross domestic product per capita, life expectancy, literacy, and infant mortality) to determine the level of development and standard of living in nations using the terms Human Development Index – less developed, newly industrialized, and more developed.
    • Economics 11 (A) Understand the connections between levels of development and economic activities (primary, secondary, tertiary, and quaternary).
economic development1
Economic Development

Indicators of Development

  • Human Development Index
    • Less developed (tribal civilizations)
    • Newly Industrialized (countries just starting to turn into an industrialized economy)
    • More Developed (U.S., China, Europe)
economic development2
Economic Development

Demographic Indicators

  • Life Expectancy
    • The average number of years an individual in the country is expected to live
  • Birth and Death Rates
    • Measure how many people are born or die per thousand people in a given year
  • Infant Mortality Rate
    • Number of infants who die per every thousand births
economic development3
Economic Development

Economic Indicators

  • Gross Domestic Product (GDP) – total value of goods and services produced by a nation in a year
  • Other economic indicators include average number of automobiles, telephones, televisions, or computers per person
economic development4
Economic Development

Social Indicators

  • More developed nations provide more social services to their citizens
  • Literacy Rate (the percentage of people who can read and write) can indicate the human development of a country
economic development5
Economic Development

Types of Economic Activities

  • Primary
    • Involve production of foods and the extraction of resources
  • Secondary
    • Add value to raw materials by producing them or changing their form
  • Tertiary
    • A variety of services performed by people and businesses
  • Quaternary
    • Economic activities consisting of those involving information processing and management