Macroeconomics 302: Business Cycles- Recession vs. Depression

Time: 60 mins,

Presenter: Tawni Ferrarini

Teacher Version

Objective Standards Summary Description Resources

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

State Standards

Concepts

Demand, Monetary Policy, Supply

This video is available to view for EconEdLink members only.

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.