Business cycle

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Business cycle Agenda Definition. Classification of business cycles. Phases of the

Business cycle

Agenda
Definition.
Classification of business cycles.
Phases of the business cycle.
Causes of the

business cycle.
Cycle time.
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Business cycle Aim The aim of my presentation is to remember

Business cycle

Aim
The aim of my presentation is to remember old

and get new theoretical knowledge about business cycles and their types.
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Business cycle What is the business cycle? The business cycle is

Business cycle

What is the business cycle?
The business cycle is a

type of periodic fluctuations in economic activity.
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Business cycle Classification of business cycles According to their duration Centennial

Business cycle

Classification of business cycles

According to their duration

Centennial cycles

The «Kitchin cycles»

The

«Kondratieff cycles»

Classic cycles

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

Business cycle

Phases of business cycle

Classical approach
1. Expansion;
2. Peak;
3. Contraction;
4. Trough.

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Business cycle Phases of business cycle

Business cycle

Phases of business cycle

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Business cycle Causes of business cycle External causes Wars; Major innovations;

Business cycle

Causes of business cycle

External causes
Wars;
Major innovations;
Other external factors.

Internal causes
Monetary policy;
Supply

and demand;
Reduction in production.
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Business cycle Cycle time Short cycles (2-4 years); Average cycles (10-15 years); Long cycles (40-60 years).

Business cycle

Cycle time
Short cycles (2-4 years);
Average cycles (10-15 years);
Long cycles (40-60

years).