021314 Blog Post

This week in class we learned about incentives and circular flow models. I really enjoyed learning about the circular flow models because we did it in a fun and understanding way. We all went into the gym in groups and demonstrated the way circular flow charts work with us being the different aspects of the model. I like this topic because it shows the income of producers and consumers and shows how each aspect benefits or uses the items to their advantage. It relates to today's society because everything is like a big circular motion, you have to have resources to make a product, someone to make the product, someone to buy the product, and so on.