Monday, April 27, 2015

New 11 o'clock file uploaded: 'Simply the circular flow'

Just uploaded a new file '11 o' clock' file for (my) IB Economics students on my IB Economics wiki.

I chose to provide 'last minute' revision notes in bullet form on the circular flow of income which is a learning outcome in section 2.1:

"Explain, using a diagram, the circular flow of income in an open economy with government and financial markets, referring to leakages/ withdrawals (savings, taxes and import expenditure) and injections (investment, government expenditure and export revenue)."
(image from Uneasy Money)

This is what the file looks like:




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