Robert Schenk, PhD
Cybereconomics: Circular Flow Diagram
This site gives a description and has a picture of a circular flow diagram. Description is well-written and easy to understand. A good overview of the flow of goods and services.
Texas Education Agency
Texas Gateway: Chapter I: Welcome to Economics!: Key Terms
This is a list of economics key terms and definitions used in Chapter I: Welcome to Economics! of the TEA AP Macroeconomics online text.
Federal Reserve Bank
Federal Reserve Bank of Atlanta: Circular Flow
Explains how resources, goods and services, and payments flow through the economy using the economic model of circular flow.
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.
Khan Academy
Khan Academy: Lesson Summary: The Circular Flow and Gdp
In this lesson plan summary review and remind yourself of the key terms and calculations used in describing the output of an economy. Key topics include the expenditures approach, income approach, and value added approach to calculating...