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Ch 17: Employment and Unemployment Issues

About This Chapter

Use the video lessons in this chapter to improve your understanding of employment and unemployment. Get definitions for unemployment rates and examine the types of unemployment as well as forms of employee compensation.

Employment and Unemployment Issues - Chapter Summary

This chapter's video lessons delve into the complex issues surrounding employment and unemployment. Our professional instructors break down the key concepts and terms involving types of unemployment, unemployment rates, collective bargaining and employee compensation. After watching all of the lessons in the chapter, you should feel comfortable with:

  • Distinguishing between direct and indirect employee compensation
  • Describing collective bargaining and its purpose
  • Explaining how the unemployment rate is measured
  • Understanding what causes the unemployment rate to change
  • Identifying the three types of unemployment
  • Defining the natural rate of unemployment

We offer several tools to make learning about employment and unemployment convenient. Use our tags to rewatch portions of lessons without having to sit through entire videos multiple times. Study transcripts of the videos, and look out for key terms in bold. We also include multiple-choice quizzes with our lessons to give you an easy way to gauge your comprehension of the material.

6 Lessons in Chapter 17: Employment and Unemployment Issues
Test your knowledge with a 30-question chapter practice test
Understanding Employee Compensation

1. Understanding Employee Compensation

Compensation is pay for services during the course of employment. This can be direct (or monetary) compensation and indirect (or non-monetary) compensation in the form of benefits provided to the employee.

Function of Collective Bargaining

2. Function of Collective Bargaining

The function of collective bargaining is to negotiate work-related issues. Bargaining or negotiating takes place between the employer and the employees. The employees are represented by a collective bargaining unit.

Defining and Measuring the Unemployment Rate

3. Defining and Measuring the Unemployment Rate

You've probably heard about the unemployment rate, especially given how high it was in the 2008 recession. Find out how economists define unemployment, what the unemployment rate is, and how to calculate it in this lesson.

Why the Unemployment Rate Decreases and Increases

4. Why the Unemployment Rate Decreases and Increases

Policymakers, investors, and consumers watch the monthly unemployment rate with great interest. In this lesson, you'll learn what factors influence the unemployment rate and why the rate can change rapidly from month to month.

Three Types of Unemployment: Cyclical, Frictional & Structural

5. Three Types of Unemployment: Cyclical, Frictional & Structural

If you've ever lost your job after the holiday season, you've experienced at least one type of unemployment. In this lesson, explore the three types of unemployment including cyclical, frictional, and structural using real-world examples.

Natural Rate of Unemployment: Definition and Formula

6. Natural Rate of Unemployment: Definition and Formula

Explore the natural level of employment through the eyes of the Classical School and Keynesian economics, including fiscal policies that may reduce it.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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