- CFA Exams
- 2023 Level I
- Topic 2. Economics
- Learning Module 11. Understanding Business Cycles
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Learning Outcome Statements PDF Download
|1. Overview of the Business Cycle|
describe the business cycle and its phases;
|2. Credit Cycles and Their Relationship to Business Cycles|
describe credit cycles;
|3. The Impact of the Business Cycle|
describe how resource use, consumer and business activity, housing sector activity, and external trade sector activity vary as an economy moves through the business cycle;
|4. Theories of the Business Cycle|
describe theories of the business cycle;
|5. Economic Indicators|
interpret a set of economic indicators, and describe their uses and limitations;
describe types of unemployment, and compare measures of unemployment;
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