Economic Policy Areas
Transportation
Energy
Education
Housing
Water
Part One: Choose
Identify an economic issue that is important in your community.
Part Two: Research
Learn more about how this issue affects your community. You may choose to contact a local leader such as a member of your city or county council or representative from an a related citizen interest group. Consult an online phone book or community website for contact information. Use the Research Chart to document your data, take notes, and track your sources of information.
Part Three: Construct
Construct a circular-flow diagram for a business or industry in your community. Diagram the flow of goods, services, and money from your chosen industry to the various sectors of the local and world economy. For example, a factory in your community creates jobs and products. The income to the households creates spending in the economy as people consume products, invest, and pay taxes to the government.
Circular-flow Diagram Worksheet
The work contains all of the following required elements:
circular-flow diagram
research notes chart
research and diagram focus on the specific issue.