Curated OER
Chapter 2: The Economizing Problem
It doesn't take a lecture on economics to convince teenagers that one's wants often exceed one's means, but this presentation will hopefully help them to understand the discrepancy. Using an example of pizza and robot arms, the slides...
Other
Economics in Action: Circular Flow
This site uses an interactive Circular Flow Model to show the flow of payments for the factors of production (rent, wages, and interest) along with payments for finished goods and services. Questions are provided which ask the user if a...
Khan Academy
Khan Academy: Economic Systems, the Role of Incentives, and Circular Flow Model
A summary of the circular flow model which demonstrates the interdependence of households and firms in a market system.
Khan Academy
Khan Academy: The Circular Flow Model and Gdp
Practice what you have learned about the circular flow model and how gross domestic product (GDP) is calculated in this four-question exercise.