The reason we are doing the closed economy with the circular flow first, is to get you into the micro view of how things works in the economy before we analyse how things work with trading. Hence, the slight introduction to leakages and injections , even though that fits into open economy. This also helps you to focus on each participant and analyse their speciifc roles within the economy
The assignment will help you to understand the effects that these many factors has and how it impacts the economy.
Ms Chante Van Wyk