Seminar Topic. The business cycle. Economic cycle theory.

Seminar Topic. The business cycle. Economic cycle theory.

Read:

1. Sloman J. Economics:

Chapter 13.4 Short-term economic growth and the business cycle. (Subtopics: Economic growth and the business cycle, The business cycle in practice).

Chapter 14.5 Postscript to Part D: The relationship between the four macroeconomic objectives

Chapter 16.4 The Keynesian analysis of the business cycle

Boxes:

Chapter 14: 14.7 The political business cycle (Part I)

Chapter 20: 20.4 The political business cycle (Part II)

2. Mankiw N. Gregory Macroeconomics:

Chapter 9 Introduction to Economic Fluctuations

3.Экономическая теория под общ. ред. Видяпина, Добрынина, Журавлевой (2007). Глава 23 Цикличность развития экономики. Теория кризисов.

Be ready to discuss following topics:

1. The development of Economic cycle theory

2. Phases of the Business Cycle

3. Classification of economic cycles by periods

4. Causes of Business Cycles

5. Impact of Business Cycle on Economy

Carry out tasks (in written form) from enclosed file ‘QUESTIONS Topic 9.pdf’.

Prepare following Mini-presentations with PowerPoint slideshow (ca.15 minutes 1-2 students per presentation + 5 questions (open or multiple choice) for after-presentation discussion to check how well your colleges understand you and your presentation):

1. Benefits and costs of economic growth in the modern Russian economy.

2. The Kondratiev wave or long technological cycle

3. Solow growth model.

4. Political business cycle theory.

5. Keynesian trade cycle theory.

6. Leading Economic Indicators.

7. Causes and specific features of the 2008 world recession.

8. Causes and specific features of crisis in Russian at the end of 20^th century – at the beginning of 21^th century.

Дата добавления: 2015-11-05