How Does Our Economy Work? Microeconomics course.

How Does Our Economy Work? Microeconomics course.

Here are the instructions for this assignment. Also, remember, I don’t need a cover page because it’s just a discussion post.

Watch the following video before completing this discussion activity.

Circular Flow Matrix – How the Economy Works – Econ 1.7 (YouTube – 4:56) (Links to an external site.)

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 credible sources to discuss how your topic aligns with microeconomics. Include the following in your 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.

Solution Preview

Discussion
Microeconomics
Based on the readings during the summit session, one can come up with some of the roles of firms in the macro-economy. Firms provide goods and services that are required by households.

(304 words)