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Table of contents
The Money Goes Round: Understanding the Circular Flow of the Macroeconomy
The Circular Flow of A Modern Economy
Agents in the Economy
Markets: Places to Buy and Sell
Agents One-at-a-Time: Consumers (Households)
Households, continued
Agents: Firms, the producers of goods and services
Firms must Invest
Another agent: Government
The Last Agent: ROW
Another look at each market: Goods markets
Another Look: Financial Markets
Putting it altogether.
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Author:
James Luke
E-mail:
lukej@lcc.edu