Business Cycle Economics: Understanding Recessions and Depressions from Boom to Bust, 1st Edition

  • Todd A. Knoop
  • Published By:
  • ISBN-10: 1440831750
  • ISBN-13: 9781440831751
  • DDC: 338.5
  • Grade Level Range: 9th Grade - 12th Grade
  • 391 Pages | eBook
  • Original Copyright 2015 | Published/Released November 2015
  • This publication's content originally published in print form: 2015

  • Price:  Sign in for price



Educator and economist Todd Knoop provides explanations of influential macroeconomic theories that have shaped modern economics, such as Keynesian economics, neoclassical economics, Austrian economics, and New Keynesian economics. In addition, he considers case studies of specific recessions and depressions, beginning with the Great Depression through the East Asian crisis and Great Recession in Japan and culminating with a detailed examination of the European debt crisis and the 2008 global financial crisis. The work concludes with a look at the insights gained from these fiscal events as well as the major questions that still remain unanswered as a result of these crises.

Table of Contents

Front Cover.
Half Title Page.
Title Page.
Copyright Page.
Other Frontmatter.
List of Figures and Tables.
The Facts of Business Cycles.
1: Why Study Business Cycles?.
2: Describing Business Cycles.
Macroeconomic Theories of Business Cycles.
3: Early Business Cycle Theories.
4: Keynes's and Keynesian Theory.
5: Austrian Economics.
6: The Monetarist Model.
7: The Rational Expectations Model.
8: Real Business Cycle Models.
9: New Keynesian Models.
Financial Instability and Forecasting.
10: Models of Credit and Financial Instability.
11: Beliefs, Behavior, Bubbles, and Banking Crises.
12: Macroeconomic Forecasting.
Business Cycles in the United States.
13: The Great Depression.
14: Postwar Business Cycles.
Modern International Recessions and Depressions.
15: The East Asian Crisis and the IMF.
16: The Great Recession in Japan.
17: Sovereign Debt Crises and the Euro-Zone.
18: The Global Financial Crisis of 2008.
19: Conclusions—What We Know and Do Not Know about Business Cycles.
About the Author.