How Does Our Economy Work? Watch the following video before completing this discussion activity. Circular Flow Matrix – How the Economy Works – Econ 1.7 (YouTube – 4:56) (https://www.youtube.com/watch?v=mN5HPJYJzus&feature=youtu.be%20) Circular Flow Matrix- How thCircular Flow Matrix- How  Select & Explore Based on this module week’s summit session, what would you say is the role of firms in our macroeconomy? Do consumers indirectly and/or directly affect our macroeconomy? Discuss how microeconomics and macr

How Does Our Economy Work?

Watch the following video before completing this discussion activity.
Circular Flow Matrix – How the Economy Works – Econ 1.7 (YouTube – 4:56)

(https://www.youtube.com/watch?v=mN5HPJYJzus&feature=youtu.be%20)
Circular Flow Matrix- How thCircular Flow Matrix- How
 Select & Explore


Based on this module week’s summit session, what would you say is the role of firms in our

macroeconomy? Do consumers indirectly and/or directly affect our macroeconomy? Discuss how

microeconomics and macroeconomics affect the flow of money within the Circular Flow Model
.

Do
you think firms could operate without households? Describe how these disciplines relate to the

Circular Flow Model.


Locate a recent article or event (published within the last year) that highlights your relevant

microeconomic/macroeconomic topics. Use the Hunt Library, newspapers, new stations, or other

Module
 7 How Does Our Economy Work?


Discussion:

State the article or event you selected.
Identify the microeconomic/macroeconomic concept(s).

Describe your findings.

Analyze the relevance to real-life applications.

Summarize your findings using at least 250 words and provide a minimum of one reference. Use

current APA formatting to document your sources

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