- CFA Exams
- Dec. 2020 Level 1
- Study Session 4. Economics I
- Reading 15. Understanding Business Cycles
Reading 15. Understanding Business Cycles
Seeing is believing!
Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.
Learning Outcome Statements
| Reading 15. Understanding Business Cycles | |
|---|---|
| 1. The Business Cycle and its Phases a. describe the business cycle and its phases; b. describe how resource use, housing sector activity, and external trade sector activity vary as an economy moves through the business cycle; | |
| 2. Theories of the Business Cycle c. describe theories of the business cycle; | |
| 3. Unemployment d. describe types of unemployment and measures of unemployment; | |
| 4. Inflation e. explain inflation, hyperinflation, disinflation, and deflation; f. explain the construction of indices used to measure inflation; g. compare inflation measures, including their uses and limitations; h. distinguish between cost-push and demand-pull inflation; | |
| 5. Economic Indicators i. interpret a set of economic indicators and describe their uses and limitations. |