Closer Look 2

A Closer Look at the Circular Flow, Basic Macro Structure, and National Income Accounting concepts:

Links to Jim’s Tutorial on Circular Flow (VERY IMPORTANT) – all three of the following are the same, just the format/delivery is different:

[gview file=””]

Useful printout of the complete Circular Flow (useful reference while studying future units):

In-class Powerpoint Slides:

Other explanations on the web about the circular flow:

Additional links to pages on the Web, not in your textbook:

  • Brad DeLong’s animated explanation of circular flow (click on all five pages – links in lower left)
  • Eur Macro Economics Site (animated click-thru-movie)
  • page