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Curated Video
Circular Flow of Income for an Open Economy: Injections and Leakages
This video lecture explores the circular flow of income for an open economy, taking into account external injections and leakages. The lecturer provides a recap of the basics of economic activity and circular flow for a closed economy,...
Khan Academy
Khan Academy: National Savings and Investment
The market for loanable funds brings savers and borrowers together. We can also represent the same idea using a mathematical model. In this video, learn about savings and investment identity. [3:25]
Khan Academy
Khan Academy: Circular Flow of Income and Expenditures
In a closed economy, goods and services are exchanged in product markets and factors of production are exchanged in factor markets. In this video [8:58], we explore how to model this in a straightforward way using the circular flow model.