Google
Sunday 
February 5, 2023 

AmosWEB means Economics with a Touch of Whimsy!

AmosWEBWEB*pediaGLOSS*aramaECON*worldCLASS*portalQUIZ*tasticPED GuideXtra CrediteTutorA*PLS
POLITICAL PHILOSOPHIES: The range of philosophical orientations that people have about politics, especially concerning the role of government. While a wide range of differing opinions exist, most tend to fall on a spectrum bound by liberal views on one end and conservative views on the other. Liberals tend to favor a larger role of government and conservatives tend to favor a smaller role.

Visit the GLOSS*arama

Most Viewed (Number) Visit the WEB*pedia

Lesson Contents
Unit 1: Instability
  • Overview
  • Business Cycles
  • Expansionary Good Times
  • Contractionary Bad Times
  • Unit 1 Summary
  • Unit 2: A Simple Cycle
  • Long-Run Trend
  • Contraction
  • Trough
  • Expansion
  • Peak
  • Unit 2 Summary
  • Unit 3: Measurement
  • Indicators
  • Leading
  • Coincident
  • Lagging
  • Unit 3 Summary
  • Unit 4: Causes
  • Complexity
  • Investment
  • The Process
  • Politics
  • The Process
  • Unit 4 Summary
  • Unit 5: Policies
  • Options
  • Expansionary
  • Contractionary
  • Unit 5 Summary
  • Course Home
    Business Cycles

    To purpose of this lesson is to examine the nature and causes of macroeconomic instability, which goes by the handy title business cycles. Business cycles are the recurring expansions and contractions of economic activity that generate the problems of unemployment and inflation. This lesson explores how business cycles can be stabilized with the goal of lessening unemployment and inflation.

    • The notion of business cycles is introduced in the first unit of this lesson, with an eye on what they are and why they are important to study.
    • The four components of a standard, simple business cycle -- expansion, peak, contraction, and trough -- are then presented and discussed in the second unit.
    • The third unit is devoted to several key measures of business cycle activity, especially leading, lagging, and coincident indicators.
    • A couple of the most often discussed causes of business-cycle instability -- investment and politics -- are discussed in the fourth unit.
    • The fifth unit closes out this lesson with an introduction to the expansionary and contractionary economic policies used to stabilize business cycles.

    BEGIN Lesson =>


    <=PREVIOUS Lesson | NEXT Lesson =>

    COMMAND ECONOMY

    An economy in which the government uses its coercive powers to answer the three questions of allocation. This is the real world version of the idealized theoretical pure command economy. While in this real world version some allocation decisions are undertaken by markets, the vast majority are made through central planning.

    Complete Entry | Visit the WEB*pedia


    APLS

    PINK FADFLY
    [What's This?]

    Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors looking to buy either a T-shirt commemorating the second moon landing or a coffee cup commemorating Thor Heyerdahl's Pacific crossing aboard the Kon-Tiki. Be on the lookout for strangers with large satchels of used undergarments.
    Your Complete Scope

    This isn't me! What am I?

    A lump of pure gold the size of a matchbox can be flattened into a sheet the size of a tennis court!
    "Live in such a way that you would not be ashamed to sell your parrot to the town gossip."

    -- Will Rogers

    GMM
    Generalized Method of Moments
    A PEDestrian's Guide
    Xtra Credit
    Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.

    User Feedback



    | AmosWEB | WEB*pedia | GLOSS*arama | ECON*world | CLASS*portal | QUIZ*tastic | PED Guide | Xtra Credit | eTutor | A*PLS |
    | About Us | Terms of Use | Privacy Statement |

    Thanks for visiting AmosWEB
    Copyright ©2000-2023 AmosWEB*LLC
    Send comments or questions to: WebMaster