Basics of the Circular Flow
Lesson created by Jeff Boulton using
Video from edunirvana101 YouTube Channel
The purpose of this first lesson is to lay the groundwork for you to understand basic of the economy, and the role of the financial system (and thus financial markets) so that you can ultimately understand how accounting applies in this universe. Remember, the content in "Think" should form the basis of your notes. Check "...And Finally" to make sure you have made note of all key learnings.
Make sure you can answer what the significance of the financial system is. Have it recorded in your notes. Then go on to the next lesson.