Sophia: The Circular Flow Model

To study circular flow, learners use the plans to trace through a series of interconnected economic and financial flows to explain the workings of the American economy. They use the model developed to comprehend the effects of Federal...

Explains how resources, goods and services, and payments flow through the economy using the economic model of circular flow.

Agribusiness, human capital, productivity. Find out what your class members know about economic systems and terminology with this two-page economics worksheet that that asks kids to identify terms and concepts.

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...

Practice what you have learned about the circular flow model and how gross domestic product (GDP) is calculated in this four-question exercise.

A summary of the circular flow model which demonstrates the interdependence of households and firms in a market system.

This site uses an interactive Circular Flow Model to show the flow of payments for the factors of production (rent, wages, and interest) along with payments for finished goods and services. Questions are provided which ask the user if a...

This site shows the flow of payments for the factors of production and for finished products by using the Circular Flow Model.

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.

It doesn't take a lecture on economics to convince teenagers that one's wants often exceed one's means, but this presentation will hopefully help them to understand the discrepancy. Using an example of pizza and robot arms, the slides...