Tuesday, January 6, 2009
Circular Flow...of Economics
So I showed some video excerpts today that should have clarified some confusion regarding supply, demand, money, and economic policy. There was a reading about So I showed some video excerpts today that should have clarified some confusion regarding supply, demand, money, and economic policy. There was a reading about the Wizard of Oz as a metaphor for turn-of-the-century monetary policy in the U.S. as well as some Simpsons clips demonstrating some economic principles (elasticity, consumerism, etc.). I hope you learned something and have read the Ch. 5 - Market-Clearing Price packet for Thursday's lesson and Friday's quiz (last one!). Tomorrow we will be in the CCC, so I get a day off. See ya...
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I liked the trains in the video. That was the breakthrough for me. The circular flow of economics just clicked for me when I saw the train click clack down the track.
ReplyDeleteI agree with Crazy. Much like monkeys, and unlike zombies, everything is better with trains.
ReplyDeleteUh sorry but can you explain to me why we are studying economics in geography? thanks
ReplyDeletei think we need to have like a jeopardy thingyy to study before our test because that would help a lot i think.
ReplyDeleteJOE HANSON IN DE HOUSE!
ReplyDeleteEven though the trains were a simplified metaphor, it made sense.
And it's scary, because when the government spends $700,000,000,000 on a bailout, our children will be paying for it.
JOE HANSON SIGNIN' OUT!
That was me, but without a post.
ReplyDelete