Sophia Learning
Sophia: The Circular Flow Model
Enhance the learning process by using this video tutorial to better understand circular flow models and the relationship between households, markets, and firms in a competitive market. [12:37]
Khan Academy
Khan Academy: Circular Flow of Income and Expenditures
In a closed economy, goods and services are exchanged in product markets and factors of production are exchanged in factor markets. In this video [8:58], we explore how to model this in a straightforward way using the circular flow model.