Understanding Business Cycles

This course is a part of CFA Level I Economics section. 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

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LESSONS

Business cycles refer to the upward and downward movement of the economy. Real GDP and unemployment ...

We will now learn about resource use fluctuation, housing sector activity and external trade in the ...

The **Classical School** derives its name from the school of Adam Smith, David Ricardo and John Stua...

Unemployment falls into three categories: 1. Frictional unemployment 2. Structural unemployment 3...

Inflation is a rise in the level of general goods and prices. When the increase in prices is rapid,...

We use the Consumer Price Index or CPI to measure inflation. It is a fixed-weight price index, which...

**Demand pull inflation** is caused by an initial increase in aggregate demand. Aggregate demand can...

Different economic indicators are used in different stages of assessing the business cycle of an eco...