The document discusses the business cycle and its four phases: peak, contraction/recession, trough, and recovery. It notes that business cycles vary in duration and intensity but all go through these same phases. The peak is when economic activity is highest, followed by recession where activity declines. At the trough, activity hits its lowest point before beginning recovery. Charts show how indicators like GDP and unemployment move through the phases of a typical cycle.
The document summarizes the business cycle, which refers to recurring periods of economic expansion and contraction. It describes the four phases of the business cycle - peak, recession, trough, and recovery - and how indicators are used to monitor shifts between phases. Examples of past recessions in the US since 1950 are provided to show how they can vary in duration and severity. The Great Depression of the 1930s is discussed as the worst economic downturn in modern history.
The document summarizes the business cycle, which describes the typical fluctuations in economic activity between periods of growth (prosperity) and contraction (recession/depression). It discusses how the business cycle affected Canada's economy in the 1920s-1940s, including a period of post-WWI prosperity, followed by recession after the 1929 stock market crash, a long depression in the 1930s with high unemployment, and eventual recovery aided by increased production during WWII. The cycles influenced other countries through economic interdependence and have led to modern policies like unemployment insurance.
The document discusses the four phases of the business cycle: peak, recession, trough, and recovery. It provides characteristics of each phase, with a peak marking the highest point of economic expansion, a recession involving a decline in GDP for at least six months, a trough being the lowest point, and a recovery beginning an upturn. Recessions on average last around 11 months, while expansions typically last about 4 years.
This powerpoint describes the Business cycle of the United States economy. And includes a graphic repsentation of what the Business cycle looked like during the 1920s and Great Depression.
This document discusses business cycles and fluctuations. It notes that economies regularly experience periods of expansion/prosperity and contraction/recession. During expansions, investment, employment, output and incomes rise leading to economic growth. However, expansions cannot continue indefinitely and eventually reach a peak, after which a recession begins as demand falls. Recessions can deepen into depressions, with shrinking GDP, high unemployment and falling prices. Eventually, depressions bottom out and economic recovery begins, starting the business cycle again.
The document discusses highlights for 2012 including:
1) An upward bias for stocks in the range of 1,100 to 1,550 and low bias for interest rates in the first half of 2012, though headwinds and uncertainty may arise quickly.
2) 2012 will be a significant time of historical transformations as pressures build from unresolved issues like high global debt and political unrest, similar to the 1970s-1980s.
3) TSWM will maintain a well-thought-out asset allocation plan and conservative balance to mitigate emotional decision-making as volatility increases, relying on sound portfolio principles.
A subculture is a group that separates itself from the larger culture it belongs to by developing its own unique practices and styles. Ken Gelder identified six ways subcultures differ from mainstream culture, including through their relationship to work, class, territory rather than property, socializing outside the home, stylistic excess, and refusal of ordinary life. Dick Hebdige viewed subcultures as a form of subversion to societal norms that bring together people who feel neglected by standards of the dominant culture, allowing them to find identity. Members often use distinctive styles of fashion, behavior, and language to signify their membership in a subculture.
The document summarizes the business cycle, which refers to recurring periods of economic expansion and contraction. It describes the four phases of the business cycle - peak, recession, trough, and recovery - and how indicators are used to monitor shifts between phases. Examples of past recessions in the US since 1950 are provided to show how they can vary in duration and severity. The Great Depression of the 1930s is discussed as the worst economic downturn in modern history.
The document summarizes the business cycle, which describes the typical fluctuations in economic activity between periods of growth (prosperity) and contraction (recession/depression). It discusses how the business cycle affected Canada's economy in the 1920s-1940s, including a period of post-WWI prosperity, followed by recession after the 1929 stock market crash, a long depression in the 1930s with high unemployment, and eventual recovery aided by increased production during WWII. The cycles influenced other countries through economic interdependence and have led to modern policies like unemployment insurance.
The document discusses the four phases of the business cycle: peak, recession, trough, and recovery. It provides characteristics of each phase, with a peak marking the highest point of economic expansion, a recession involving a decline in GDP for at least six months, a trough being the lowest point, and a recovery beginning an upturn. Recessions on average last around 11 months, while expansions typically last about 4 years.
This powerpoint describes the Business cycle of the United States economy. And includes a graphic repsentation of what the Business cycle looked like during the 1920s and Great Depression.
This document discusses business cycles and fluctuations. It notes that economies regularly experience periods of expansion/prosperity and contraction/recession. During expansions, investment, employment, output and incomes rise leading to economic growth. However, expansions cannot continue indefinitely and eventually reach a peak, after which a recession begins as demand falls. Recessions can deepen into depressions, with shrinking GDP, high unemployment and falling prices. Eventually, depressions bottom out and economic recovery begins, starting the business cycle again.
The document discusses highlights for 2012 including:
1) An upward bias for stocks in the range of 1,100 to 1,550 and low bias for interest rates in the first half of 2012, though headwinds and uncertainty may arise quickly.
2) 2012 will be a significant time of historical transformations as pressures build from unresolved issues like high global debt and political unrest, similar to the 1970s-1980s.
3) TSWM will maintain a well-thought-out asset allocation plan and conservative balance to mitigate emotional decision-making as volatility increases, relying on sound portfolio principles.
A subculture is a group that separates itself from the larger culture it belongs to by developing its own unique practices and styles. Ken Gelder identified six ways subcultures differ from mainstream culture, including through their relationship to work, class, territory rather than property, socializing outside the home, stylistic excess, and refusal of ordinary life. Dick Hebdige viewed subcultures as a form of subversion to societal norms that bring together people who feel neglected by standards of the dominant culture, allowing them to find identity. Members often use distinctive styles of fashion, behavior, and language to signify their membership in a subculture.
This document is a presentation by Geeta Malik on the topic of trade cycles. It defines a trade cycle as recurring periods of economic prosperity and recession that can last for several years. The document outlines the meaning, nature, causes and phases of trade cycles. It discusses fluctuations in trade cycles and lists the phases as boom, recession, depression, and recovery. Causes mentioned include banking operations, shifts between capital and consumer goods, purchasing power, and human psychology. The document also briefly discusses the global depression of 1929-1932 and preventive and corrective measures that can be used to control trade cycles.
A cultural movement emerged in the 1980′s in America.
Inspired by hardcore punk, heavy metal and indie rock.
came to nationwide prominence in the 1990′s due to the release of Nirvana's Nevermind and Pearl Jam's Ten.
Grunge is a combination of punk style and outdoor wear.
The document discusses the nature and phases of trade cycles. Trade cycles refer to fluctuations in economic activity over months or years. There are four phases - expansion/boom, recession, depression/contraction, and recovery/revival. The expansion phase sees high investment, output, employment and prices. The recession phase brings falling income, output, prices and rising unemployment. Depression is characterized by mass unemployment, low output and prices. Recovery occurs when investment and output begin rising again. Governments use monetary and fiscal policy to reduce the impact of trade cycle fluctuations.
Culture helps individuals and groups in several important ways:
1. Culture distinguishes humans from animals and allows humans to overcome physical disadvantages by providing tools, language, customs, and rules for social behavior.
2. Culture provides solutions for complicated situations and determines behaviors for areas of life like eating, sleeping, and leisure activities.
3. Culture shapes individual personality and prepares people for group life by establishing social norms and limits on individual growth.
4. Culture keeps social relationships intact and provides a shared vision of concepts like family and nation that allow for group cooperation and division of labor.
The document discusses various youth subcultures such as punk, goth, emo, rap, and sports fans. It provides characteristics of each subculture's fashion, music preferences, and worldviews. It also examines why teens are drawn to subcultures, noting influences like mass media, the desire for identity and distinction, and seeking understanding or defiance. Students are assigned groups to research and present on different subcultures.
Here are some key points your marketing strategy would need to consider in order to effectively target the Asian Canadian consumer market:
- Translate your advertising messages into the various Asian languages spoken in Canada (e.g. Chinese, Punjabi, Tagalog etc.) and place ads in Asian media outlets like newspapers, magazines and websites
- Recognize the complex differences between various Asian ethnic groups (e.g. Chinese, Indian, Filipino etc.) in terms of culture, cuisine, dietary restrictions etc. and customize your products and messaging accordingly
- Ensure the products you offer are suitable for Asian cooking styles and that any imagery/packaging is culturally sensitive and representative
- Partner with Asian grocery stores and community organizations to promote
The document outlines the phases of the business cycle, including expansion (recovery, boom, peak) and contraction (recession, depression, trough). Expansion involves increased economic activity and consumer confidence, while contraction is a period of decreasing activity and confidence. Key phases include recovery as activity begins to rise from a trough, boom as rapid growth occurs, peak when activity levels off, recession as activity declines, depression as the decline worsens, and trough when activity hits bottom. Factors shaping the business cycle include volatility of investment, momentum, and technological innovations.
Trading has changed from local to global and so have the processes from paper to Online. The result is change in process from T+3 to T+1 and real time trading and settlement of a trade.
This document is a presentation by Geeta Malik on the topic of trade cycles. It defines a trade cycle as recurring periods of economic prosperity and recession that can last for several years. The document outlines the meaning, nature, causes and phases of trade cycles. It discusses fluctuations in trade cycles and lists the phases as boom, recession, depression, and recovery. Causes mentioned include banking operations, shifts between capital and consumer goods, purchasing power, and human psychology. The document also briefly discusses the global depression of 1929-1932 and preventive and corrective measures that can be used to control trade cycles.
A cultural movement emerged in the 1980′s in America.
Inspired by hardcore punk, heavy metal and indie rock.
came to nationwide prominence in the 1990′s due to the release of Nirvana's Nevermind and Pearl Jam's Ten.
Grunge is a combination of punk style and outdoor wear.
The document discusses the nature and phases of trade cycles. Trade cycles refer to fluctuations in economic activity over months or years. There are four phases - expansion/boom, recession, depression/contraction, and recovery/revival. The expansion phase sees high investment, output, employment and prices. The recession phase brings falling income, output, prices and rising unemployment. Depression is characterized by mass unemployment, low output and prices. Recovery occurs when investment and output begin rising again. Governments use monetary and fiscal policy to reduce the impact of trade cycle fluctuations.
Culture helps individuals and groups in several important ways:
1. Culture distinguishes humans from animals and allows humans to overcome physical disadvantages by providing tools, language, customs, and rules for social behavior.
2. Culture provides solutions for complicated situations and determines behaviors for areas of life like eating, sleeping, and leisure activities.
3. Culture shapes individual personality and prepares people for group life by establishing social norms and limits on individual growth.
4. Culture keeps social relationships intact and provides a shared vision of concepts like family and nation that allow for group cooperation and division of labor.
The document discusses various youth subcultures such as punk, goth, emo, rap, and sports fans. It provides characteristics of each subculture's fashion, music preferences, and worldviews. It also examines why teens are drawn to subcultures, noting influences like mass media, the desire for identity and distinction, and seeking understanding or defiance. Students are assigned groups to research and present on different subcultures.
Here are some key points your marketing strategy would need to consider in order to effectively target the Asian Canadian consumer market:
- Translate your advertising messages into the various Asian languages spoken in Canada (e.g. Chinese, Punjabi, Tagalog etc.) and place ads in Asian media outlets like newspapers, magazines and websites
- Recognize the complex differences between various Asian ethnic groups (e.g. Chinese, Indian, Filipino etc.) in terms of culture, cuisine, dietary restrictions etc. and customize your products and messaging accordingly
- Ensure the products you offer are suitable for Asian cooking styles and that any imagery/packaging is culturally sensitive and representative
- Partner with Asian grocery stores and community organizations to promote
The document outlines the phases of the business cycle, including expansion (recovery, boom, peak) and contraction (recession, depression, trough). Expansion involves increased economic activity and consumer confidence, while contraction is a period of decreasing activity and confidence. Key phases include recovery as activity begins to rise from a trough, boom as rapid growth occurs, peak when activity levels off, recession as activity declines, depression as the decline worsens, and trough when activity hits bottom. Factors shaping the business cycle include volatility of investment, momentum, and technological innovations.
Trading has changed from local to global and so have the processes from paper to Online. The result is change in process from T+3 to T+1 and real time trading and settlement of a trade.
1. Peak
ry
ve
co
Re
Trough
on
ion
ssi
ss
ce
ce
Re
Re
Peak
2. Business Cycles
√ The term business cycle refers
to the recurrent ups and downs in the
level of economic activity, which
extend over several years.
√ Individual business cycles may
vary greatly in duration and intensity.
√ All display a set of phases.
3. THE BUSINESS CYCLE
Phases of the Business Cycle
PEAK
RECESSION TROUGH RECOVERY
TH
OW D
Level of business activity
GR EN
TR
Time
4. Level of business activity
PEAK
H
WT
G RO ND
E
TR
Time
√ Peak or prosperity phase:
Real output in the economy is at a
high level
Unemployment is low
Domestic output may be at its
capacity
Inflation may be high.
5. Level of business activity
RECESSION H
WT
G RO ND
E
TR
Time
√ Contraction or recession phase:
Real output is decreasing
Unemployment rate is rising.
As contraction continues, inflation pressure fades.
If the recession is prolonged, price may decline (deflation)
The government determinant for a recession is two
consecutive quarters of declining output.
6. TROUGH
Level of business activity
H
WT
G RO ND
E
TR
Time
√ Trough or depression phase:
Lowest point of real GDP
Output and unemployment “bottom out”
This phase may be short-lived or prolonged
There is no precise decline in output at which a
serious recession becomes a depression.
7. Level of business activity
RECOVERY
H
WT
G RO ND
E
TR
Time
√ Expansionary or recovery:
Real output in the economy is increasing
Unemployment rate is declining
The upswing part of the cycle.
8. Business Cycle-one cycle through 4 phases
Real GDP
Peak
Peak
per year
ry
ve
Re
co
Re
ce
Re
ce
ss
ss
io
io
nn
Trough
One cycle Time
9. Recessions since 1950 show that duration and
depth are varied:
Period Duration in months Depth
(decline in real GDP)
1953-54 10 — 3.0%
1957-58 8 — 3.5%
1960-61 10 — 1.0%
1969-70 11 — 1.1%
1973-75 16 — 4.3%
1980 6 — 3.4%
1981-82 16 — 2.6%
1990-91 8 — 2.6%
2001 8 app. —3.3%
10. How Indicators Monitor the
Four Phases of the Business Cycle
• The Leading Indicator System
… provides a basis for monitoring the
tendency to move from one phase to the next.
…assesses the strengths and weaknesses in the
economy
… gives clues to a quickening or slowing of
future rates of economic growth
… indicates the cyclical turning points in
moving from the upward expansion to the downward
recession, and from the recession to the upward
recovery.
11. Causes of Fluctuations
Innovation
Political events
Random events
Wars
Level of consumer spending
Seasonal fluctuations
Cyclical Impacts — durable and non
durable
12. An Actual Business Cycle
An Actual Business Cycle
1981 --1990 ($ billion, 1992 dollars)
1981 1990 ($ billion, 1992 dollars)
Real GDP
6000 Peak
5200
Peak
4600
Trough
‘80 82 ‘85 ‘90
One Cycle
16. Global Depression, 1929-1932
Ave. Unemployment Rate, 1925-1928
Ave. Unemployment Rate, 1929-1933
Percent Decrease in Prices, 1929-1932
17. Six Million “Rosie the Riveters”
World War II Production of these items brought us out
of the Great Depression.
300,000 warplanes
124,000 ships
289,000 combat vehicles and tanks
36 billion yards of cotton goods
41 billion rounds of ammunition
2.4 million military trucks
111,527 tank guns and howitzers
•$288 billion was spent on the war,
•$100 billion in the first six months.
Unemployment hit an all-time low of 1.2%
and personal savings were 25.5%.