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Ch 7: Understanding Unemployment Lesson Plans

About This Chapter

The Understanding Unemployment chapter of this course is designed to help you plan and teach about unemployment rates in your classroom. The video lessons, quizzes and transcripts can easily be adapted to provide your lesson plans with engaging and dynamic educational content. Make planning your course easier by using our syllabus as a guide.

Weekly Syllabus

Below is a sample breakdown of the Understanding Unemployment chapter into a 5-day school week. Based on the pace of your course, you may need to adapt the lesson plan to fit your needs.

DayTopicsKey Terms and Concepts Covered
MondayDefinition of unemployment rate, how it is measured and causes for changes Explanation of unemployment; measurement of unemployment and reasons for increases and decreases
TuesdayTypes of unemploymentDefinitions and differences found among cyclical, frictional and structural unemployment
WednesdayNatural rate of unemployment Definition of the natural rate of unemployment and how to measure and graph it; portion of the unemployment rate that does not relate to fluctuations in the business cycle
Thursday Expectations, minimum wage and unemploymentWays that expectations can influence the economy; impact of the minimum wage on unemployment rates
FridayCosts of unemployment; the efficiency wage theoryHow to measure the impact of unemployment on the economy; the efficiency wage theory and how wage levels influence employment

6 Lessons in Chapter 7: Understanding Unemployment Lesson Plans
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.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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