Business Fundamentals – The Business Cycle

(a) 5 min Independently review the diagram on Page 72 5.3 (Figure 4,.3)

(b) 7-10min – Watch the two video resources:

(c) 35 min- Read 5-3, 5-4, 5-5 – and make notes on the business cycle. Describe each stage:

1.Prosperity

2. Inflation

3.Recession

4.Depression

5.Recovery

Describe each stage in terms of:

  • Employment
  • Sales
  • Production
  • Business failures

(d) Get into groups of 5 -Group Activity – each group will be assigned a stage of the business cycle and share your findings. Each group must present their findings and describe each stage of the business cycle based on:

  • Employment
  • Sales
  • Production
  • Business failures

Additional Practice and Review: read 5-3, 5-4, 5-5 complete questions 1,3,4,5

image courtesy: User:Bernard Ladenthin / Public domain