DANBY    Macro Flows Tutorial

Macroeconomic Flows
Closed Economy Open Economy
and Categories
1.1 Basic Categories of National Income Accounting 2.1 Basic Categories in an Open Economy
Framework 1.2 Putting the Categories Together 2.2 Assembling the Picture

Additional Open-Economy images: large size, small size

Model 1.3 Income-Expenditure Model 2.3 Open-Economy Income-Expenditure Model

A note to anyone outside my classes using this material: this is designed to help students who have not taken a  macroeconomics course quickly grasp the main concepts of the macro framework.  For this reason some nuances and distinctions that would be made in a formal macroeconomics class are omitted here.

©1999, 2000 Colin Danby.