By following her journey from the initial idea of growing a garden, to planning and budgeting, to purchasing the flowers, the student will get a bird's-eye view of behavioral changes among consumers and retailers. Another example demonstrates the Circular Flow Model of economic activity. A dancer in Branson, Missouri, offers her artistic services to a theater owner, she's paid wages for her job, she uses those earnings to pay for her dry cleaning, and the owners of the dry cleaners will then use those profits to visit the dancer's show in Branson. Each video lesson reinforces important concepts presented in the textbook and develops graphs when appropriate. Exercises in the telecourse guide encourage analytical thinking in terms of everyday life.
Faculty have the option to integrate Internet resources into the course syllabi.
Examples of the resources include statistics, research, student chat rooms, virtual field trips, interviews, and the latest offerings from some of the world's top economists. Some video segments present a historical perspective to illustrate that choices made by individuals and societies in the past can affect microeconomic and macroeconomic events in the 21st century. Worth Publishing Co., New York, 2000. The Macroeconomics course focuses on the economy as a whole. The series begins by presenting the critical concepts of scarcity, opportunity cost, choices, and supply and demand.