https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k en-us 2023-04-04 19:42:39 UTC 2023-04-05 03:47:18 UTC hello@padlet.com baileyboutilier2 https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544112597 Our padlet will provide an understanding of how the circular flow model functions in the economy. It provides a visual representation of how the cash flows in the market.]]> 2023-04-04 19:55:01 UTC https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544112597 baileyboutilier2 https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544118767 This is a very basic version of the circular flow model to provide a sort of intro to the padlet. This will help you understand the basics of the flow model and how money and resources move around. As the padlet continues more affecting factors will be brought up as to how the system can change.]]> 2023-04-04 20:02:39 UTC https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544118767 baileyboutilier2 https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544122873 This website, though very basic in visuals, explains different factors that could change how the flow is operated. This model provides different ways that money moves around on a wider spectrum rather than being limited to a more local model. The site also provides reasons as to why the model and its flow are important.]]> 2023-04-04 20:08:43 UTC https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544122873 baileyboutilier2 https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544124788 The Khan Academy site also talks about GDP and its role in the economy but goes over a more mathematical or numerical approach. The site goes over 2 different methods of calculation and mentions the use of a third. It is to be noted however that all methods should provide the same value. This site also has various hyperlinks containing more information on GDP and the circular flow model, most of the links are videos to other various Khan Academy videos and sources providing various examples and explanations. ]]> 2023-04-04 20:11:28 UTC https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544124788 baileyboutilier2 https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544310225 This video provides a good explanation of how the Circular flow model works in a basic economy. The way he explains the model by building upon it layer by layer provided an easy following. This video would apply more so to towns and cities rather than a country as a whole. He provided plenty of real-world examples that are very common and easy to understand, not to mention he has a mini in-video quiz to test the watchers.

The video is short and attention-drawing but yet not lacking in information. He really likes to emphasize the fact that this is an everyday 24/7 cycle and promotes an economic way of thinking.]]> 2023-04-05 00:47:29 UTC https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544310225 alyssaminiotas17 https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544375807 This model of the circular flow chart shows a breakdown on how the money circuits through the economy. Between the households and domestics firms of any specific country. Obviously exports and imports as well as government funds circulate through this as well in addition to the chart above.]]> 2023-04-05 01:34:49 UTC https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544375807 baileyboutilier2 https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544387158 This video is an extension of the last one, in this video, he goes into detail about how circular flow is important to GDP. He provides a brief economical history of the Depression, and he does this by talking about shrinking and growing economies. He explains the information by first providing an understanding of what GDP is and how representative of the market it is. He then takes what he explains about the concept of GDP and leads into the Income Approach. The income approach dives more into what counts as GDP and what doesn't. He then ties it all back into the circular flow model explaining where it fits into the model. He also provides a fill in the blank sheet along with a multiple-choice question for the viewers to participate.]]> 2023-04-05 01:44:54 UTC https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544387158 alyssaminiotas17 https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544390661 https://www.investopedia.com/terms/circular-flow-of-income.asp

This link helps give a further insight to how the circular flow model will run its course throughout the country in addition to helping the governments and banks adjust monetary and fiscal policies to benefit the economy as a whole. In addition to the already positive effects of the circular flow chart, the banks and governments having the power to change the policies as need be will help the positives grow as the monetary values change over time. This will mainly help the businesses as well in terms of becoming more mainstream. This is again beneficial due to the amount of growing small businesses Canada is home to. Due tot the pandemic there has been more so if there is more room for succeeding in terms of the monetary value that these businesses could being to the country. ]]> 2023-04-05 01:47:59 UTC https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544390661 baileyboutilier2 https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544461070 1. one thing that was surprising is that the circular flow model is that it's not just a theory, but rather a simplified representation of the economy that can be used to study and analyze various economic trends and changes.

2. For businesses, the model can be used to analyze market trends and make strategic decisions. This would impact things like supply distribution, production, and more which all work into the flow model.

3. I would explain that it's a useful tool for analyzing economic interactions and understanding how various factors, such as consumer spending and government intervention, impact the economy. This is something that could provide useful within the flux of the economy and could help provide insight into what to do if the economy is changing.]]> 2023-04-05 02:50:51 UTC https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544461070 alyssaminiotas17 https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544462502 https://www.thepowermba.com/en/blog/the-circular-flow-diagram-definition-examples-and-more

This link dives deep into the types of each type of model and how each of them are used. This website shows how each use for the circular flow model has a large significance in multiple parts of todays society and economical standing. The importance of knowing how the money moves in our country is key in knowing how to spend and save said money in terms of everyone as an individual. This link has a great example of in depth details as to which in every society has a consistent flow of money circulating in order to have the stability that is necessary in society to continue functioning. ]]> 2023-04-05 02:52:25 UTC https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544462502 alyssaminiotas17 https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544463848 https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/21/v/circular-flow-of-income-and-expenditures

This video gives a great breakdown in terms of different countries or places throughout the world. The man on the island benefits in multiple ways as does the firm by generating business. Both parties are gaining profit by helping each other. This extends to a larger population and multiple other strings connecting the web that forms the economy. Again capitalizing on how both parties in this specific scenario are benefitting by the presence and business of each other. This is exactly how the circular flow chart is used between countries and other continents with objects such as food, business as well as services. ]]> 2023-04-05 02:53:39 UTC https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544463848 baileyboutilier2 https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544512593 The video starts by explaining the basic components of the model, which include households, businesses, the product market, and the factor market. It then goes on to describe how these components interact with each other to create a continuous flow of goods and services, resources, and money. The video also highlights how the circular flow model can be used to analyze economic phenomena, such as inflation and recession. Additionally, the video discusses the role of government in the circular flow model and how it can affect the economy through taxes, spending, and regulation. Overall, the video provides a clear and concise explanation of the circular flow model and its significance in the study of economics.]]> 2023-04-05 03:43:35 UTC https://padlet.com/alyssaminiotas17/vul6m9i0u2if2s4k/wish/2544512593