Lesson Plan
Measuring the Economy - Employment and
Unemployment
- I. Definitions
- - unemployment
- - definition
- - graphically in a labor market
- - what is the price of labor?
- - the quantity of labor?
- - voluntary unemployment
- - involuntary unemployment
- - measuring employment and unemployment
- - who are the employed?
- - who are the unemployed?
- - what is the labor force?
- - what is the labor force participation rate?
- - for the country
- - for groups
- - what is the unemployment rate?
- - for the country
- - for groups
- - problems with the measurements
- - discouraged workers
- - dishonest non-workers
- - Types of unemployment
- - frictional unemployment
- - structural unemployment
- - seasonal unemployment
- - cyclical unemployment
- - what is a business cycle?
- - induced unemployment