Download Economic_Cycle_In_Pictures - Business-TES

The Trade Cycle in Pictures
Objectives
To check understanding of what the
different stages in the trade cycle mean.
For students to think about the actual
effects of the trade cycle
To consider the problems of predicting the
economy
Extension: To discuss lagging and leading
indicators.
What to do
There are a number of indicators of
economic activity.
Where in the trade cycle do they appear?
Move the letter to right spot on the
diagram and then jot down why it is there.
A: Rising house construction
D: Rising homelessness
E: Rising demand for
steel
B: The number of job
vacancies rises
C: Increasing
hours of
overtime
F: More people use
pawnbrokers
J: Rising air traffic
G: Rising quantity of mail
I: Home delivered pizza
becomes more popular
H: Slower delivery
times
K: Falling share prices
L: Rising
lipstick
sales
M: Rising real income
N. Rising car sales
R: Imports of sewing
machines rise
P: Growing mountain of unsold
bricks
Q: Fast food shops cut their prices
O: More rental housing
available
U: More skips start
appearing on the
streets
S: Increasing
supply of
credit
X: Oil refineries report
a reduction in stocks
V: Sales of milk
chocolate start to
decline
T: The cost of
shipping goods
around the world
starts to rise
Y: Citizens Advice
Bureau gets more
callers
Z: Rising
government
spending
W: Shops delivering
lunchtime sandwiches
to offices raise their
prices
Real
GDP
A
B
C
D
E
F
G H
I
J
K
L
M N
O P
Q R
S
T
V W
X
Z
U
The economic cycle in pictures
Y
Time