CIRCULAR FLOW OF MONEY

ECONOMICS:INTERNET GUIDE FOR CIRCULAR FLOW OF INCOME

DO YOU KNOW HOW THE ECONOMY FLOWS?

A.) Read the definition from the site:
http://tutor2u.net/economics/gcse/revision_notes/big_picture_circular_flow_of_income.htm

B.)After reading the definition answer the following questions in a one whole sheet of paper. ( Answer only)

1. In the circular flow, how does business investment add to the flow?
2. How will government spending contribute to the circular flow of money?
3. How are exportation activities helpful to the flow of money in the economy?
4. Why does it consider savings, taxes and imports a MINUS to the flow of money in the economy?

B.) Then analyze the images shown in the site below:

http://www.fgn.unisg.ch/eurmacro/tutor/circularflow_movie.html

C. ) Answer the questions related to Circular Flow below:

c.1. What is the first key player in the economy?
c.2 What are the inputs to firms? Outputs? (based on the movie)
c.3 What is the second key player? Inputs and outputs?
c.4 How are firms and households connected?
c.5 What are the two circles shown in the macro-economic flow?
c.6 How do economists measure transactions in the economy?
c.7 What is income? Spending?

CHECK YOUR LEARNING BY ANSWERING THE QUIZ BELOW

Test 1.
A. CLICK http://www.amosweb.com/cgi-bin/awb_nav.pl?s=tst
B. Select test: type Circular Flow
C. Click retrieve test
D. Answer the test until you get the perfect score.

Test 2. http://highered.mcgraw-hill.com/sites/0072819359/student_view0/chapter2/quiz_one.html

SONA

ANALYSIS OF GMA'S SONA

The president GMA has just finished her 9th SONA and we are going to validate her claims of achievement by focusing on a specific sector and give our own rating duly back-up with data from our research work this day. Each ministry is required to work on the topic stated below but each individual should contribute different data to enrich the topic assigned.
At the end of the period , each student must submit their ratings (scale of 1-10 where 10 is the highest) supported with data through email ad of Ms. Villanueva: aslev05@yahoo.com and to your facilitators email ad.
Also each ministry will have their powerpoint report tomorrow of the summary of your findings.


CARE - Curtailment of Graft and Corruption

JPM - Delivery of Social Services ( Housing, Education, Health ,Medicines etc.)

CLM - Keeping Peace and Order and Equal Treatment of the Law

ECO - Good Governance ( Assign each member to work on a specific characteristic) click the website below and see Figure 2 .

http://www.unescap.org/pdd/prs/ProjectActivities/Ongoing/gg/governance.asp

LIT - Economic Stability and Reduction of Poverty ( bduget on agriculture, employment trend, financial assitance etc.)

Research other websites but here are some sites which can help in giving your ratings:

1. http://info.ibon.org/index.php?option=com_content&task=blogsection&id=1&Itemid=51

2.http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/EASTASIAPACIFICEXT/EXTEAPREGTOPEDUCATION/0,,contentMDK:21016342~menuPK:3867086~pagePK:34004173~piPK:34003707~theSitePK:444289,00.html

3.http://www.who.int/countries/phl/en/index.html



4. http://www.forbes.com/2009/03/20/most-corrupt-countries-bizcountries09-business-washington-corrupt-countries.html

5. http://www.globalresearch.ca/index.php?context=va&aid=7412

6. http://www.fnf.org.ph/liberalopinion/crisis-public-education-philippines.html

7. http://www.bayan.ph/

8. http://www.census.gov.ph/data/sectordata/datapop.html

9. http://www.bas.gov.ph/perflastyear.php