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This Episode 6: Circular Flow instructional video also includes:
- Reading Passage
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Does it ever seem like the more money you get, the more you spend? A short video lesson introduces the concept of goods and services changing hands in a circular flow pattern. Scholars analyze how businesses make money from selling goods and services, but also pay money to produce them. They discuss how everyone benefits from the circular flow of the economy if everything is operating according to plan.
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13 Downloads
CCSS:
Adaptable
Concepts
Additional Tags
Instructional Ideas
- Post a large graph of the circular flow concept during the lesson
- Play a game in class involving monopoly money and a goods exchange from businesses to individuals and back again in the circular flow pattern
Classroom Considerations
- If assigning the video as homework, be sure everyone has Internet access
- Episode is the sixth installment in a 10-part playlist covering economics
Pros
- Lesson includes a written transcript of the video for easier planning and implementation
- Contains a podcast of the video for audio listeners
Cons
- None