How Does Our Economy Work?
Watch the following video before completing this discussion activity.
Circular Flow Matrix – How the Economy Works – Econ 1.7 (YouTube – 4:56)
(https://www.youtube.com/watch?v=mN5HPJYJzus&feature=youtu.be%20)
Select & Explore
Based on this module week’s summit session, what would you say is the role of firms in our macroeconomy? Do consumers indirectly and/or directly affect our macroeconomy?
Discuss how microeconomics and macroeconomics affect the flow of money within the Circular Flow Model. Do you think firms could operate without households?
Describe how these disciplines relate to the Circular Flow Model.
Locate a recent article or event (published within the last year) that highlights your relevant microeconomic/macroeconomic topics.
Search entries or author
Reply credible sources to discuss how your topic aligns with microeconomics. Include the following in your discussion:
State the article or event you selected.
Identify the microeconomic/macroeconomic concept(s).
Describe your findings.
Analyze the relevance to real-life applications.
Summarize your findings using at least 250 words and provide a minimum of one reference. Use current APA formatting to document your sources.
Post & Respond
Post your findings by the third day of the module week. Return by the sixth day of the module week to review your classmates’ posts. Respond to at least two of your peers. Your response should be at least one paragraph, two to three sentences in length, and include the following.
Whether you agree or disagree with the findings and why
A probing question that facilitates further discussion of the topic
