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Learning Outcome Statements PDF Download
|1. Overview of the Business Cycle|
a. describe the business cycle and its phases;
|2. Credit Cycles and Their Relationship to Business Cycles|
b. describe credit cycles;
|3. The Impact of the Business Cycle|
c. 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|
d. describe theories of the business cycle;
|5. Economic Indicators|
e. interpret a set of economic indicators, and describe their uses and limitations;
f. describe types of unemployment, and compare measures of unemployment;
g. explain inflation, hyperinflation, disinflation, and deflation;
h. explain the construction of indexes used to measure inflation;
i. compare inflation measures, including their uses and limitations;
j. contrast cost-push and demand-pull inflation.