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Lesson

# Analyzing the Business Cycle with Piecewise Functions

Time: 80 mins,
Updated: March 24 2021,
Author: Beth Rempe

### Objective

Students will be able to:

• Explain how changes in economic conditions affect real GDP.
• Generalize the business cycle as a piecewise function.
• Discuss the business cycle in terms of a function.
• Find the extrema of a function and use it to compare economic conditions.

Prior Knowledge

Students should be able to:

• Write a linear equation in slope-intercept form given two points.
• Use the vertex and standard form of a quadratic equation.
• Evaluate and solve equations.

### Concepts

In this personal finance lesson, students investigate the business cycle by interpreting the business cycle as a piecewise function.

### Procedure

Click NEARPOD VERSION: PIECEWISE FUNCTIONS: BUSINESS CYCLE APPLICATION to access an interactive version of the lesson powered by Nearpod: students interact and respond to questions on their device, and teachers will see their responses in real time!