Business Cycle

FOUNDATION FOR ECONOMIC EDUCATION

Prepare for the Economics Olympiad Competition

Business cycles are the recurring fluctuations in real GDP and economic activity over time, characterized by periods of expansion, peak, contraction, and trough.

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Course curriculum

1. Expansion & Recession
2. Peaks & Troughs
3. Actual vs. Potential Output
4. The Overheating Economy
5. Interest Rates as Signals
6. The Malinvestment Trap
7. Recession as Repair
8. Article: The College Bubble and the Austrian Business Cycle
9. Advanced Practice

Additional Business Cycles and Unemployment Modules

Compete in the 2026 Economics Olympiad Americas Challenge

The Economics Olympiad is the world’s largest and most prestigious international competition that ignites the minds of young individuals and empowers them with essential economic knowledge and skills. Through a multi-stage structure, participants embark on a transformative journey, competing at the school, national, and international levels with the finals held in the birthplace of the Olympic Games—Ancient Olympia, Greece.

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Economics Olympiad Prep Modules

Use these modules to prepare for success in the Economics Olympiad competition.

FOUNDATION FOR ECONOMIC EDUCATION

Prepare for the Economics Olympiad Competition

Course curriculum

Content

Additional Business Cycles and Unemployment Modules

Unemployment New

AS/AD Equilibrium & Shifts

Aggregate Demand

Aggregate Supply

AS/AD Long Run Adjustment

Economics Olympiad Prep Modules