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Krassimir Petrov - Business Cycles

Krassimir Petrov - Business Cycles

Genre: eLearning

Business cycles from an Austrian Economics point of view.

Part 1

An introductory 65 min lecture describing the nature of business cycles. Explains business fluctuations, phases, periodicity, comovement, persistence, amplitude, cyclicality, and introduces major business cycle theories

Part 2

The lecture explains the behavior of 18 different procyclical leading or lagging macroeconomic variables/indicators throughout the business cycle.

Part 3

Explaining the Boom - what happens and why; characteristics of booms; why booms cannot last forever; why they inevitably turn to bust. The next part,part 4 is devoted to the "Bust".

Part 4

Crisis, Bust, Deflationary Depression, Stagflation, and other fundamental Austrian School concepts.

Biography

Krassimir Petrov holds a Ph.D. degree from the Ohio State University in Economics (1999). During 2000-2004 he worked at Sterling Commerce, a subsidiary of SBC Communications. Previously since 2005 he was a full-time Assistant Professor at The American University in Bulgaria teaching Macroeconomics, Money and Banking, International Finance, etc. Since 2007 Dr. Petrov currently writes a newsletter for Agora Financial. He is an Austrian economist and uses for his analyses the Austrian approach to investing. Also, he now teaches at Ahlia University, Bahrain.

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