By: Ben Quick Business Cycle.

Slides:

Advertisements

Similar presentations

Chapter 12.2 Business Cycles Four Phases of the Business Cycle Expansion /Recovery Peak - Contraction /Recession Trough - What is the long term trend in.

Advertisements

Macroeconomics unit What you should know by now. You should be able to : Define the following: Gross Domestic Product (GDP) & the 4 components Unemployment.

E. Napp Business Cycle In this lesson, students will be able to identify characteristics of the business cycle. Students will be able to identify and/or.

Macroeconomics An Introduction. Microeconomics and Macroeconomics Microeconomics: Study of the behavior of economic units such and households and firms.

Economic Cycle Ups and Downs in the economy that occur repeatedly.

Gross Domestic Product Total dollar value of goods and services produced in a country during one year.

Phases and Influences on the Business Cycle CHAPTER 10, Section 2

Chapter 3 political and economic analysis Section 3.1

1.02 – Analyze economic indicators and how they affect the business cycle.

The Business Cycle. What is it? –Systematic ups and downs of GDP Consists of… Peak – the point where GDP stops going up Trough – where GDP stops going.

UNDERSTANDING THE ECONOMY Lesson 3-2. Understanding the Economy Objectives List the goals of a healthy economy Explain how an economy is measured Analyze.

Eco 6351 Economics for Managers Chapter 10a. The Business Cycle Prof. Vera Adamchik.

The Business Cycle  Definition: alternating increases and decreases in the level of economic activity, sometimes extending over several years.

Chapter 12: Gross Domestic Product and Growth Section 2

AP MACROECONOMICS THE BUSINESS CYCLE, UNEMPLOYMENT & INFLATION.

Question and Answer Samples and Techniques Copyright © Texas Education Agency, All rights reserved.

Standard: b. Define Gross Domestic Product (GDP), economic growth, unemployment, Consumer Price Index (CPI), inflation, stagflation, and aggregate supply.

The Business Cycle Measuring the Economy. Business Cycle  Business Cycle - Economic pattern in which an economy goes through periods of prosperity and.

3.03Explain economic measurements and the business (economic) cycle.

Chapter 3 Key Terms. Gross Domestic Product (GDP) The total value of the goods and services produced in a country in a given year.

Section 4.2 Understanding the Economy.  The goals of an economy  The various measurements used to analyze an economy  The four phases of the business.

Phases of the Business Cycle Expansion Peak Contraction Trough GDP/GNP numbers are on the rise Highest point of economic expansion Lowest point of economic.

#53- Describe the phases of the business cycle #54- Explain the concept of gross domestic product #55- Explain productivity and its effects on individual.

Between the years of 1991 and 2011, the nominal GDP in America increased from $5.9 trillion to $15 trillion. What conclusions can we draw about America’s.

What is a business cycle? It is a recurring cycle of economic growth, decline, recession, and recovery in a country. It is the process leading to an economic.

CHAPTER 4 ECONOMIC MEASUREMENTS See NBER.org. MEASURING ECONOMIC GROWTH A STEADY INCREASE IN PRODUCTION OF GOODS AND SERVICES 7% OF WORLD’S LAND; 5% OF.

Understanding Business Cycles. Digital Safari Institute GreenBizz Project Stages of a Business Cycle Expansion Phase Expansion Phase – Boom – Peak Contraction.

Marketing 1 THE BUSINESS CYCLE An Economic Concept.

The Business Cycle  Definition: alternating increases and decreases in the level of economic activity, sometimes extending over several years.

Contraction TroughExpansion Peak The business cycle is a period of macroeconomic expansion followed by a period of contraction. During the expansion phase,

Business Cycle A business cycle reflects the rise and fall of economic activity Five Stages: peak, recession, trough, recovery, and expansion Depression.

Think about it What effects of the recession have you seen locally? What about the Metro area? Have you seen any signs that our recession is ending?

The Business Cycle Chapter 10 Economic Fluctuations, Unemployment and Inflation.

Economics Learning Steps 2/11/15. Complete SSEMA1 Business Cycles Post Quiz & SSEMA1 Unemployment Pre. Quiz.

Review #1 1.) In year 1, the cost of a market basket of goods was $760. In year 2, the cost of the same basket was $800. What was the consumer price index.

Business Cycle. The economy does not grow at a constant rate, instead it goes through alternating periods of growth and decline.

The Business Cycle. The United States’ GDP is not constant from year to year. Instead, the GDP_________________ most years GROWS and then SHRINKS in some.

Introduction to Business Chapter 3 Measuring Economic Performance.

3.03Explain economic measurements and the business (economic) cycle.

Standard: b. Define Gross Domestic Product (GDP), economic growth, unemployment, Consumer Price Index (CPI), inflation, stagflation, and aggregate supply.

Gross Domestic Product & Growth

Business Cycle In this lesson, students will be able to identify characteristics of the business cycle. Students will be able to identify and/or define.

GDP: Measuring the National Economy

Topic 1: Introduction to Economics Concept: The Business Cycle

Section 1 Module 2.

Business Cycles.

AIM: How do we as consumers impact our GNP?

The Business Cycle.

2.1 The Level of Overall Economic Activity

The periodic and cyclical ups and downs of the economy

Economic Instability.

1. Business Cycle Gross Domestic Product 2. Peak Consumer Price Index

Business Cycles STANDARD OA3

Economic Vocabulary Hubbard 2005.

Standard SSEMA1e- Define and label stages of the business cycle.

Measuring the Economy’s Performance

Principles of Business, Marketing, and Finance

Business Cycles Unit 12.2.

Gross Domestic Product & Growth

Explain what you think the word economy means?

The periodic and cyclical ups and downs of the economy

Economic Statistics.

Do Now for HUMPday, January 11

Standard of living And the gdp.

Business Cycles 12-2.

Reading the Business Cycle

Business cycles Chapter 12.

Measuring the Economy.

Business Fluctuations

Presentation transcript:

By: Ben Quick Business Cycle

Business Cycles in the U.S. The business cycle consists of two phases: Expansion and recession Recession begins with a peak and ends with a trough Expansion is the recovery from a recession

Business Cycles If a recession becomes severe, it can turn into a depression A recession occurs when there are two quarters in a row of negative growth There is no measurement for a depression, it is opinion generally assigned years later.

The Business Cycle

Remember: There are two phases to the Business Cycle: Expansion and Recession Recessions are a decline in any country’s Gross Domestic Product for two or more successive quarters Stagflation occurs when both inflation and unemployment are high (1970’s in U.S.)

Questions?