Objective
Teachers will be able to:
- Identify the last key recessions in the U.S.
- Define a business cycle and describe the interplay of key economic indicators.
- Compare and contrast a recession and a depression.
Standards
Concepts
In this economics webinar, teachers will examine factors that influence levels of production, income, employment, and prices.
Description
This webinar will examine the particular business cycles of the Great Depression (1929-33) and the Great Recession of 2008. By comparing and contrasting the two, each phase of a business cycle will be described, actual GDP to potential will be compared, and global business cycle indicators will be highlighted.