Money is always on the move. Businesses and people are constantly trading goods and services with each other, driving an economy built on production and consumption. It can be hard to understand this fully if you’re struggling to keep track of the incomings and outgoings of your own busy bank account.
But, with a better understanding of how money works, you might just be able to make it work for you. This course explains the economic principle of the “flow of money,” which is represented in a circular model of income and spending.
By the end of this course, you’ll be able to:
• Describe the basics of how the economy functions
• Explain how the circular flow of money works
• Recognize the difference between real flows and money flows
• Define what “leakages” and “injections” are
Why take this course?
This training is useful for business owners and managers. It will also help anyone who struggles to keep up with the complexity and the pace of the global economy. You don’t have to be an economist to understand the fundamentals of economics, and with a better grasp of those principles, you’ll find it easier to make informed decisions when it comes to your finances.
15 mins | SCORM | Workbook