Lesson 10 Lesson 10: The National Economy, Part 1
Presented by: Dr. Tawni Ferrarini
Northern Michigan University
Aggregate Economic Analysis I, Parts 1 & 3
As people we love to make connections. In a globalized economy, making those connections is more important than ever. The interconnectedness of peoples, resources, and functions in an economy is a source of its abundance. But all this interconnectedness may make it harder to see the full range of effects of a given economic policy. In this lesson you will learn to recognize what is seen and unseen in economies, and why connections are king.
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Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations by Adam Smith, pp. 89-100
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