Chapter 13 : Lesson 1 Business Cycles and Economic Instability

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

Business Forecasting Chapter 3 The Macroeconomy and Business Forecasts.
Chapter 14 Business Cycles and Economic Growth. AGENDA Fri 3/23 & Mon 4/2 QOD # 23: Economic Growth Review HW Business Cycles Economic Indicators HW:
GDP and Economic Challenges
1 Introduction to Macroeconomics Chapter 20 © 2006 Thomson/South-Western.
Agenda- 12/3 1. Review test 2. Ch. 13 Sec. 1 & 2 Lecture (RS) 3. Book work Ch. 13 Sec. 1 & 2 (LS) 4. HW: Community Service, Fri, 12/12.
Economics and The Business Cycle. What is The Business Cycle? The expansionary and contractionary phases in the growth rate of the real GDP.
Phases and Influences on the Business Cycle CHAPTER 10, Section 2
Economic Instability.
Chapter 14 Cook Spring Chapter14 Business Cycles – Largely systematic ups and downs of real GDP Business Fluctuations – The rise and fall of real.
economic indicator  Statistics about the economy that allows analysis of economic performance and predictions of future performance.  Usually calculated.
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.
Economics: Chapter 13 Measuring the Economy’s Performance.
Chapter 12: Gross Domestic Product and Growth Section 2
Business Cycles Peaks and Troughs… Expansion and Recession, the ups and downs of economic activity.
BUSINESS CYCLE. Business Cycles Business cycles are the recurring ups and downs of real GDP Also known as business fluctuations to imply that they can’t.
Notes: Macroeconomics- The Business Cycle & Economic Indicators by Mrs. Erin Cervi.
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.
Changes in Business Activity
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?
Ch 14, 1-2 Economic Stability.
Economic Performance Vocabulary Gallery Walk. Disposable Personal Income, 8D Calculated by subtracting individual income taxes from personal income; Total.
Professor K.D. Hoover, Econ 210D Topic 2 Spring Econ 210D Intermediate Macroeconomics Spring 2015 Professor Kevin D. Hoover Topic 2 Trends and Cycles.
Gross Domestic Product Chapter 12 Section 2 Business Cycles.
Gross Domestic Product Chapter 12 Section 2 Business Cycles.
Why does Macroeconomics matter? Businesses: Understanding macroeconomic trends helps businesses be responsive to the environment in which they compete.
Today’s LEQ: how does the business cycle reflect the health of the economy?
Business Cycles and Unemployment
Splash Screen.
U.S. Economic Performance
Today’s Economic Situation: The Great Recession, The Recovery, Where We (May Be) Going? Principles of Macroeconomics 2/24/12.
14-1, P.P ,BUSINESS CYCLES, 14-2, P.P ,UNEMPLOYMENT
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.
Chapter 12 Business Cycles and Unemployment
Business Cycle Essential Questions: Which indicators should members of the government look at when making economic policies? Why? How do we know how.
GDP: Measuring the National Economy
Business Cycles ~What are the four phases of the business cycle?
Introduction to Macroeconomics
Economy/Market Analysis
U.S. Economic Performance
Econ Unit 2 Review.
CHAPTER FIFTEEN Cleary / Jones Investments: Analysis and Management
Chapter 12.2 notes Business Cycles.
Business Cycles and Unemployment
Chapter 12 – Measuring Economic Performance
វិទ្យាស្ថានខ្មែរជំនាន់ថ្មី Institute of New Khmer
Business Cycle Essential Questions: Which indicators should members of the government look at when making economic policies? Why? How do we know how.
Splash Screen.
Economic Instability.
Chapter Seven: Economic Growth and Fluctuations
1. Business Cycle Gross Domestic Product 2. Peak Consumer Price Index
Warm Up A Chinese citizen has a factory in the United States that makes a profit. Who’s GDP would they count towards? GNP? What is REAL GDP? What is.
Business Cycles STANDARD OA3
Standard SSEMA1e- Define and label stages of the business cycle.
Measuring the Economy’s Performance
Business Cycles In the summer of 1929, John J. Raskob, Senior Financial Officer of General Motors, declared that the United States was on the verge of.
Economics The Business Cycle Unit 3, Lesson 2.
Business Cycles Unit 12.2.
The Great Recession – A Historical Perspective
7 Introduction to Economic Growth and Instability.
Agenda- 11/30 Review tests Current Events Set up notebooks
The periodic and cyclical ups and downs of the economy
Economic Statistics.
Business Cycles 12-2.
SSEMA1 The student will illustrate the means by which economic activity is measured.
Business cycles Chapter 12.
Unit 3: Macroeconomics Lesson 2: Business Cycles.
Presentation transcript:

Chapter 13 : Lesson 1 Business Cycles and Economic Instability

Essential Question: Why are the ups and downs in the business cycle normal?

Business Cycles: systematic changes in real GDP marked by alternating periods of expansion and contraction

Recession: decline in real GDP lasting at least two quarters or more

Peak: point in time when real GDP stops expanding and begins to decline

Trough: point in time when real GDP stops declining and begins to expand

Expansion: period of uninterrupted growth in GDP

Trend Line: growth path the economy would follow if it were not interrupted by alternating periods of recession and recovery.

Depression: state of the economy with large numbers of unemployed, declining real incomes, overcapacity in manufacturing plants, and general economic hardship.

Depression Scrip: currency issued by towns, chamber of commerce, and other civic bodies during the Great Depression of the 1930’s

Leading Economic Indicator: statistical series that normally turns down before the economy turns down or turns up before the economy turns up.

Dow Jones Industrial Average (DJIA): index of 30 representative stocks used to monitor price changes in overall stock market.

Leading economic index (LEI): monthly statistical series that uses a combination of ten individual indicators to forecast changes in real GDP

Econometric Model: macroeconomic expression used to describe how the economy is expected to preform in the future.

Review Question: Chapter 13 : Lesson 1 Read pages 366-373 and answer Review Questions on page 373. Hand in Google Class Room.

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.