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BBK 1 Financial Markets Intro

BBK 1 Financial Markets Intro

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Published by Washington Araujo

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Published by: Washington Araujo on Aug 02, 2010
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10/25/2012

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Financial Markets:Introduction
Paul BullockSpring 2008
 
2
The circular flow of income,expenditure and output
 YHouseholdsFirmsC + IICS
Savings Insts.+ matressesLabour 
 
3
G
overnment in the circular flow
 Y
C + I +
G
ICSHouseholdsFirms
G
overnment
C + I +
G
-T
e
T
e
G
B
-T
d
 Y +
B
-T
d
T
d
=direct taxT
e
= excise taxes (indirect, sales, VAT)
Banks & other intermediaries
Labour 

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