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Employment and unemployment
Understand the definitions of employment, unemployment, and full employment.
6
Objectives
60
Flashcards
42
Questions
90 min
Study time
CambridgeIGCSEEconomicsGovernment and the macroeconomy
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6 objective pages available
Employment and unemployment outcomes6 objectives
- Understand the definitions of employment, unemployment, and full employment.
- Examine the evolving trends and levels of employment, including factors like the growth of the tertiary sector, increased female participation in the workforce, and shifts from public to market employment.
- Learn how unemployment is quantified, including methods like the claimant count and labour force survey, as well as the calculation for the unemployment rate.
- Identify the different causes and types of unemployment, such as frictional, structural, and cyclical unemployment.
- Discuss the impacts of unemployment on individuals, businesses, and the overall economy.
- Explore various strategies aimed at reducing unemployment and evaluate their potential effectiveness.
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