12680 nat inc flow.ppt

PART 7 THE CIRCULAR FLOW AND ECONOMIC FLUCTUATIONS Chapter 15 The Circular Flow 15-

Lecture Plan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],15-

The Circular Flow of Goods and Money ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],15-

The Two-sector Model of the Economy (Households and Firms) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],15-

The Two-sector Model of the Economy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],15- (cont.)

The Two-sector Model of the Economy (cont.) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],15- (cont.)

15- Productive resources Income Expenditure Goods and Services Household sector Product market Firms sector Factor market The Two-sector Model of the Economy (cont.)

In the Basic Circular Flow ,[object Object],[object Object],[object Object],[object Object],[object Object],15-

The Financial Sector ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],15-

The Government Sector ,[object Object],[object Object],[object Object],15-

The Modified Five-sector Model of the Economy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],15-

15- The Two-sector Model of the Economy (cont.) Household sector Financial sector Government sector External sector Firms sector Imports Savings Government expenditure Exports Taxation Investment INJECTIONS LEAKAGES Expenditure Income

The Open Economy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],15-

12680 nat inc flow.ppt

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12680 nat inc flow.ppt