Ch 79: MTTC History: Understanding Unemployment

About This Chapter

Jump start your MTTC History exam prep with a review of unemployment using our fun and fast video lessons. Study the unemployment rate, types of unemployment and minimum wage.

MTTC History: Understanding Unemployment - Chapter Summary

Watch these short videos to get up to speed on unemployment concepts you'll need to know for the MTTC History exam. Our instructors take you through each concept, presenting critical info in a simple and straightforward manner. In these lessons, you'll review:

  • Methods for measuring the unemployment rate
  • Various reasons that the unemployment rate increases and decreases
  • The three types of unemployment and their differences
  • Formula for calculating the natural rate of unemployment
  • Ways that expectations affect the economy and unemployment
  • How minimum wage impacts employment

Each lesson in this series uses graphics and images as well as real-life examples to make learning these concepts simple and fun. You can easily review key vocabulary for the exam by referring to the lesson transcripts that come with each video. Video tags also offer a convenient method for reviewing main points of the lessons without having to re-watch the entire video.

Objectives of the MTTC History: Understanding Unemployment Chapter

Aspiring history teachers in Michigan need to take the MTTC History exam as part of the licensure process. The exam measures your understanding of history topics by asking questions on four different subareas. Unemployment is asked about in the interdisciplinary perspectives subarea - where you'll find roughly a quarter of the entire test's questions. Our self-assessment quizzes can prepare you for the format of the exam's questions in addition to the relevant topics you'll be asked about.

The MTTC History exam is in multiple-choice format. You might be asked to read a passage or look at an image and pick the appropriate response to a question.

6 Lessons in Chapter 79: MTTC History: Understanding Unemployment
Test your knowledge with a 30-question chapter practice test
Defining and Measuring the Unemployment Rate

1. 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

2. 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

3. 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

4. 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.

Rational Expectations in the Economy and Unemployment

5. Rational Expectations in the Economy and Unemployment

This lesson provides an overview of the theory of rational expectations and then applies it to the labor market, fiscal policy and monetary policy. In the lesson, you'll learn more about expectations and outcomes in a world where people want to maximize profit.

Minimum Wage and its Effects on Employment

6. Minimum Wage and its Effects on Employment

There are times when the labor market is perfectly balanced between what employers are willing to pay and what workers want in a job. In this lesson, find out what happens to the labor market when governments intervene, imposing a minimum wage.

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.
Not Taken

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Other Chapters

Other chapters within the MTTC History (009): Practice & Study Guide course

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