Tuesday, August 20, 2013

Homework: Circular Flow Model, Market Systems, and Trade

Below are the links to the homework.  Remember, you will only be reading 33 - 36 on the scanned copy of a section of the book.  The key concepts you will be focusing on are market systems and the circular flow model.  The video (25 minutes) contains information about trade, featuring absolute advantage and comparative advantage.  These will be due on Thursday. 

Scanned Book Copy

Video on trade

There will be a quiz next class period.