Grabyns'ka I. Macroeconomic Analysis of agrarian Theories of Business Cycles.

Theoretical explanations of economic instability are analyzed; evolution of views on agrarian theories of business cycles of various schools and directions of world economic thought are considered; the new criterions of classification of agrarian theories are offered. The necessity of analyzing of agriculture as factor, influencing on state of general business activity is grounded; possibility of using "Timoshenko's index" for prognostication of changes of general business activity in transitional economy and forming of national anticyclical policy is proved.