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