Title: "The Circular Flow Model"
Designed for Grades: 11-12
Estimated Time: 50 minutes
National Standards: Complies with NBEA Economics 2023 Standard II.1: Explain why societies develop economic systems, identify the basic features of different economic systems, and analyze the U.S. economic system’s major features
Objectives:
II.1.13. Explain how change in one component of the circular flow of economic activity (individual, business, government, or foreign) affects other components
Materials:
● Projector or Smart Board
● Flashcards
● Large upstanding sketch pads - one for each group (if there is not enough room on the whiteboard for all groups)
● Markers of different colors, at least 2 for each group
● Tape or adhesive
● Scenario sheets
● Student laptop with Internet connection
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