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Business Principles - Lesson 3: Measuring Economic Performance
This is the third of a series of lessons for a high school Business Principles class. The slides are intended for presentation during class lecture.
* Economic Activity
* Economic Fluctuations
* Business Cycle
* 4 Phases of the Business Cycle: Expansion/Recovery, Peak, Contraction, Trough
* The Great Depression:
* Measuring Economic Activity: Economic Indicators
* 3 Main Indicators: GDP – Gross Domestic Product, Inflation, Unemployment
* Calculating GDP
* Unemployment Rate
* Methods of Management: Fiscal Policy, Monetary Policy