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Macro: Unit 1.1 -- The Business Cycle
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Hey Everyone! I'm Mr. Willis, and You Will Love Economics! In this video, I will: - Introduce the business cycle graph - Define basic terms and explain concepts at the foundation of economic performance, such as expansion, contraction, recession, and depression - Explain how components of the
Hey Everyone! I'm Mr. Willis, and You Will Love Economics! In this video, I will: - Introduce the business cycle graph - Define basic terms and explain concepts at the foundation of economic performance, such as expansion, contraction, recession, and depression - Explain how components of the graph serve as economic indicators - Practice identifying business cycles, periods of expansion and contraction, and peaks and troughs through data on Real GDP, unemployment, and price level Are you looking to teach this topic in your class?