Business cycle

1.

Business cycle
Rapporteur
Yakimchik Alexandra

2.

Business cycle
Agenda
1.
2.
3.
4.
5.
Definition.
Classification of business cycles.
Phases of the business cycle.
Causes of the business cycle.
Cycle time.

3.

Business cycle
Aim
The aim of my presentation is to remember old
and get new theoretical knowledge about business
cycles and their types.

4.

Business cycle
What is the business cycle?
The business cycle is a
fluctuations in economic activity.
type
of
periodic

5.

Business cycle
Classification of business cycles
According to
their duration
Centennial
cycles
The
«Kondratieff
cycles»
Classic
cycles
The
«Kitchin
cycles»

6.

Business cycle
Phases of business cycle
Classical approach
1. Expansion;
2. Peak;
3. Contraction;
4. Trough.

7.

Business cycle
Phases of business cycle

8.

Business cycle
Causes of business cycle
External causes
Wars;
Major innovations;
Other external
factors.
Internal causes
Monetary policy;
Supply and
demand;
Reduction in
production.

9.

Business cycle
Cycle time
1. Short cycles (2-4 years);
2. Average cycles (10-15 years);
3. Long cycles (40-60 years).

10.

Thank you for your
attention!