Understanding Business Cycles

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