Key takeaways
Understand what the circular flow of income is.
Understand what the multiplier effect is.
Understand what the accelerator effect is.
Host: I have taught Economics for the last 27 years, since completing my PGCSE in Business Education at Sheffield Hallam University. I have been a heard of department for the last 20 years and have worked as an examiner for AQA.The circular flow model is used to show how money moves through society. In this lesson students will gain an understanding of what makes up the circular flow of income around the economy including looking at what might cause it to shrink or grow. This class is great for students in Years 12 and 13 who may just be learning about the topic or want a refresher!
Try these Economics classes next: The Supply Curve, The Demand for Labour, Wage Determination
Safeguarding reminder:The safety of your child is of the utmost importance. All of our classes are pre-recorded to remove any concerns around live participation. For reruns of our past live classes, students' webcams and microphones were disabled and only the chat history, if participation was requested, is visible.
Suitable for:
This class is suitable for students in Years 12 and 13.
Class requirements:
You will need a laptop or device with internet connection to watch the class, as well as a pen and notepad for taking notes.
What to expect:
- This class will take place online via a Zoom webinar.
- For live classes, please arrive promptly. Students' cameras and microphones are disabled by default.
- For on demand classes, students will be watching a recording of a previous live class.
- Once you have signed up, you will be taken to your dashboard where you can view details of the class, and re-watch it in the future.
- Students will be sent confirmation of the class to their email address if provided.