EconomicsCode 9708
Employment/unemployment
What this topic asks you to be able to do
- definition of full employment
- unemployment of the equilibrium kind and of the disequilibrium kind, including hysteresis
- voluntary and involuntary unemployment
- the natural rate of unemployment: its meaning, what determines it, and what it means for policy
- the patterns in (un)employment and the way they change over time
- the mobility of workers: the types of labour mobility, namely geographical and occupational; the influences on labour mobility
- measures aimed at cutting unemployment, and how well they work