Why study business cycles? -- Describing business cycles -- Early business cycle theories -- Keynes's and Keynesian theory -- The monetarist model -- The rational expectations model -- Real business cycle models -- New Keynesian models -- Models of credit and financial instability -- Macroeconomic forecasting -- The great depression -- Postwar business cycles in the United States -- The East Asian crisis and the IMF -- The great recession in Japan -- The 2007 global financial crisis -- Conclusions--what we know and do not know about business cycles
