Understanding Business Cycles

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In this course, you will learn the following:

  • Business cycles
  • Typical patterns of resource use fluctuation, housing sector activity, and external trade sector activity, as an economy moves through the business cycle
  • Theories of the business cycle
  • Types of unemployment and measures of unemployment
  • Inflation, hyperinflation, deflation and disinflation
  • The construction of indices used to measure inflation and its limitations
  • Cost-push vs. demand-pull inflation
  • Uses and limitations of economic indicators
  • Identifying past, current and future business cycle phase of an economy based on economic indicators

Course Resources

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