ECONOMICS Chapter 13.5: Causes and Indicators of Business Fluctuations Learning Target: Understand the causes of business fluctuations & Economic Indicators.

Slides:

Advertisements

Similar presentations

Microeconomics and Macroeconomics FCS 3450 Spring 2015 Unit 4.

Advertisements

Measuring the Economy’s Performance. National Income Accounting.

 The McGraw-Hill Companies, Inc., 1999 INVESTMENTS Fourth Edition Bodie Kane Marcus Irwin/McGraw-Hill 17-1 Macroeconomic and Industry Analysis Chapter.

Vicentiu Covrig 1 Macroeconomic and Industry Analysis (chapter 12 online)

Chapter 15 Business Cycles © 2003 South-Western College Publishing.

Influences on the Business Cycle

6.02 Understand economic indicators to recognize economic trends and conditions E Determine the impact of business cycles on business activities.

Chapter 2 Economic Activity Roblee. Gross Domestic Product (GDP) Economic growth refers to steady increase in production of goods and services in economic.

Economic Indicators Bodie, Kane, and Marcus Chapter 12.

The branch of economic theory dealing with the economy as a whole and decision making by governments.

Business Cycles. Fluctuations in Real GDP are referred to as Business Cycles. The duration and intensity of each phase of the Business Cycle are not always.

economic indicator  A statistic about the economy.  Allows analysis of economic performance and predictions of future performance.  Include various.

Economic Indicators Lauren Rudd January 9, Same store sales 01/9/20142.

Chapter 2 Measuring economic activity

Economics Chapter 13. National Income Accounting The measurement of the national economy’s performance. A measure of the amount of goods and services.

Economics: Chapter 13 Measuring the Economy’s Performance.

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Measuring Economic Activity Economic Conditions Change 2-3.

Macroeconomics Building Blocks for Understanding.

Essentials of Investments © 2001 The McGraw-Hill Companies, Inc. All rights reserved. Fourth Edition Irwin / McGraw-Hill Bodie Kane Marcus 1 Chapter 12.

Phases of the Business Cycle Manufacturing Labor Hours

Business Cycle and Economic Indicators

Principles of Investing FIN 330 Chapter 5 Economic Activity.

Essential Standard 1.00 Understand the role of business in the global economy. 1.

Measuring the Economy’s Performance Chapter 13. National Income Accounting Measurement of the national economy’s performance, dealing with the overall.

Economic Indicators Leading Indicators An economic indicator that changes before the economy has changed. Examples of leading indicators include production.

FISCAL CLIFF & ECONOMIC INDICATOR By: Claire Murray.

Changes in Business Activity

The branch of economic theory dealing with the economy as a whole and decision making by governments.

Causes and Indicators of Business Fluctuations

1.02 ~ ECONOMIC ACTIVITIES AND CONDITIONS CHAPTER 2 MEASURING ECONOMIC ACTIVITY.

Essential Standard 1.00 Understand the role of business in the global economy. 1.

Chapter 13 Sections 4 and 5 Business Fluctuations (Causes and Indicators)

Measuring the Economy’s Performance

The branch of economic theory dealing with the economy as a whole and decision making by governments. Macroeconomics.

Understand the role of business in the global economy

Aggregate Demand and Aggregate Supply

Measuring Economic Performance

Objectives 1. What are the 4 phases of the business cycle?

Measuring Economic Performance

Business Cycles ~What are the four phases of the business cycle?

2 Economic Activity 2-1 Measuring Economic Activity

Business Cycles Is the economy getting better or worse?

Business Fluctuations (Causes and Indicators)

IRA 401k Social Security 403b Roth IRA Pension

Introduction to Economics Johnstown High School Mr. Cox

National Finances/ GDP

Measuring the Economy’s Performance

ECONOMICS Chapter 13.2: Correcting Statistics for Inflation Learning Target: Understand Inflation & how to measure it Success Criteria You should be.

2 Economic Activity 2-1 Measuring Economic Activity

Understand the role of business in the global economy.

2 Economic Activity 2-1 Measuring Economic Activity

ECONOMICS Chapter 14.1: The Functions and Characteristics of Money Learning Target: Understand the different uses, characteristics and types of money.

Understand the role of business in the global economy.

Chapter 2 Measuring economic activity

Measuring economic activity

2. Explain how the government has gotten involved in the economy

Learning Target: Explore the Law of Demand and its affect

1. Describe business fluctuations in the economy.

Chapter 15.2: Money Supply and the Economy

Chapter 7.4: Putting Supply and Demand Together

Ch. 13.1: National Income Accounting

Chapter 15.3: Regulating the Money Supply

ECONOMICS Chapter 13.3: Aggregate Demand and Supply Learning Target: Apply the Laws of Supply & Demand Success Criteria You should be able to… 1.

Ch. 1.3: What Do Economists Do?

ECONOMICS Chapter 16.3: The Federal Budget and the National Debt Learning Target: Understand how the federal government prepares a budget and borrows;

Chapter 7.3: The Law of Supply

ECONOMICS Chapter 16.2: The Functions of Government Learning Target: Understand the responsibilities and functions of government Success Criteria.

ECONOMICS Chapter 16.4: Taxation Learning Target: Understand the principles and forms of taxation in the U.S. Success Criteria You should be able.

ECONOMICS Chapter 15.1: Organization and Functions of the Fed

Business Fluctuations

Presentation transcript:

ECONOMICS Chapter 13.5: Causes and Indicators of Business Fluctuations Learning Target: Understand the causes of business fluctuations & Economic Indicators Success Criteria You should be able to… 1. Identify the causes of business fluctuations. 2. Give examples of innovations and explain their impact. 3. Describe the different economic indicators and give examples of each.

Changes in business investment. What are some possible causes of business fluctuations? Changes in business investment. Government activity / policies (taxing and spending, control over the supply of money). External factors (war and availability of raw materials). Psychological factors (reaction to an event; Sept. 11, 2001).

ECONOMICS Chapter 13.5: Causes and Indicators of Business Fluctuations Learning Target: Understand the causes of business fluctuations & Economic Indicators Success Criteria You should be able to… 1. Identify the causes of business fluctuations. 2. Give examples of innovations and explain their impact. 3. Describe the different economic indicators and give examples of each.

Innovation Transforming an invention into something useful (new techniques).

What are five innovations that have helped the U.S. economy expand? 1. 2. 3. 4. 5.

ECONOMICS Chapter 13.5: Causes and Indicators of Business Fluctuations Learning Target: Understand the causes of business fluctuations & Economic Indicators Success Criteria You should be able to… 1. Identify the causes of business fluctuations. 2. Give examples of innovations and explain their impact. 3. Describe the different economic indicators and give examples of each.

What are two major ways that the government influences business activity? By its policies on taxing and spending and by its control over the money supply.

Economic Indicators Statistics that measure variables in the economy. They assess the economy and predict what will happen in the future.

Learning Target: Understand Inflation & how to measure it Let’s Review Discuss at your table. Describe several factors that could impact business activity. Describe an example of an innovation. What are some ways the government influences business activity? Who cares about Economic Indicators? Should you? Are you on target (white, black, blue, red or yellow)? Did you hit the bullseye? Learning Target: Understand Inflation & how to measure it

ECONOMICS Chapter 13.5: Causes and Indicators of Business Fluctuations Learning Target: Understand the causes of business fluctuations & Economic Indicators Success Criteria You should be able to… 1. Identify the causes of business fluctuations. 2. Give examples of innovations and explain their impact. 3. Describe the different economic indicators and give examples of each.

Statistics that point to what will happen in the economy. Leading Indicators (See chart on page 358) Statistics that point to what will happen in the economy. - New orders for consumer goods - Number of building permits issued - Stock prices - Changes in interest rates

Coincident Indicators (See chart on page 358) Economic indicators that usually change at the same time as changes in overall business activity. - Personal income less transfer payments - Rate of industrial production - Sales of manufacturers and retailers

- Length of unemployment - Labor cost per unit of output Lagging Indicators (See chart on page 358) Economic indicators that seem to lag behind changes in overall business activity. - Size of inventories - Length of unemployment - Labor cost per unit of output - Change in CPI for services

Learning Target: Understand Inflation & how to measure it Let’s Review Discuss at your table. What are the three types of economic indicators? Describe each of the economic indicators. Increased sales at Home Depot would be what type of indicator? A news report saying new subdivisions are being built would likely be what type of indicator? Are you on target (white, black, blue, red or yellow)? Did you hit the bullseye? Learning Target: Understand Inflation & how to measure it

ECONOMICS Chapter 13.5: Causes and Indicators of Business Fluctuations Learning Target: Understand the causes of business fluctuations & Economic Indicators Success Criteria You should be able to… 1. Identify the causes of business fluctuations. 2. Give examples of innovations and explain their impact. 3. Describe the different economic indicators and give examples of each.

SUCCESS CRITERIA #WeLoveToLearn

Proof of Success / Success Criteria (review your Learning Target(s)) 1) I now know that… a. ___________________________________________________________________________ ___________________________________________________________________________ b. ___________________________________________________________________________ c. ___________________________________________________________________________ 2) ONE word that might summarize today’s topic(s) is 3) My question is ___________________________________________________________ Did you hit the Learning Target? Circle a color. White Black Blue Red Yellow or Bullseye