What is Business Cycle
Business cycles are intervals of general expansion followed by recession in economic performance. The changes in economic activity that characterize business cycles have important implications for the welfare of the general population, government institutions, and private sector firms. There are numerous specific definitions of what constitutes a business cycle. The simplest and most naïve characterization comes from regarding recessions as 2 consecutive quarters of negative GDP growth. More satisfactory classifications are provided by, first including more economic indicators and second by looking for more informative data patterns than the ad hoc 2 quarter definition.
How you will benefit
(I) Insights, and validations about the following topics:
Chapter 1: Business cycle
Chapter 2: Kondratiev wave
Chapter 3: Keynesian economics
Chapter 4: Macroeconomics
Chapter 5: Recession
Chapter 6: Stagflation
Chapter 7: Monetarism
Chapter 8: New Keynesian economics
Chapter 9: Fiscal policy
Chapter 10: Austrian business cycle theory
Chapter 11: Alvin Hansen
Chapter 12: Economic stability
Chapter 13: Dynamic stochastic general equilibrium
Chapter 14: Neoclassical synthesis
Chapter 15: New classical macroeconomics
Chapter 16: Saltwater and freshwater economics
Chapter 17: History of macroeconomic thought
Chapter 18: Inflationism
Chapter 19: New neoclassical synthesis
Chapter 20: Real business-cycle theory
Chapter 21: The Return of Depression Economics and the Crisis of 2008
(II) Answering the public top questions about business cycle.
(III) Real world examples for the usage of business cycle in many fields.
Who this book is for
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of business cycle.
