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Ch 6: Understanding Unemployment: Tutoring Solution

About This Chapter

The Understanding Unemployment chapter of this College Macroeconomics Tutoring Solution is a flexible and affordable path to learning about unemployment. These simple and fun video lessons are each about five minutes long and they teach all of the measurements and components of unemployment required in a typical college macroeconomics course.

How it works:

  • Begin your assignment or other macroeconomics work.
  • Identify the unemployment concepts that you're stuck on.
  • Find fun videos on the topics you need to understand.
  • Press play, watch and learn!
  • Complete the quizzes to test your understanding.
  • As needed, submit a question to one of our instructors for personalized support.

Who's it for?

This chapter of our college macroeconomics tutoring solution will benefit any student who is trying to learn about unemployment and earn better grades. This resource can help students including those who:

  • Struggle with understanding unemployment types, natural rate of unemployment, rational expectations, minimum wage problem or any other unemployment topic
  • Have limited time for studying
  • Want a cost effective way to supplement their economics learning
  • Prefer learning economics visually
  • Find themselves failing or close to failing their understanding unemployment unit
  • Cope with ADD or ADHD
  • Want to get ahead in macroeconomics
  • Don't have access to their economics teacher outside of class

Why it works:

  • Engaging Tutors: We make learning about unemployment simple and fun.
  • Cost Efficient: For less than 20% of the cost of a private tutor, you'll have unlimited access 24/7.
  • Consistent High Quality: Unlike a live economics tutor, these video lessons are thoroughly reviewed.
  • Convenient: Imagine a tutor as portable as your laptop, tablet or smartphone. Learn about unemployment on the go!
  • Learn at Your Pace: You can pause and rewatch lessons as often as you'd like, until you master the material.

Learning Objectives

  • Define unemployment and explain how to determine the unemployment rate.
  • Take a look at the reasons unemployment could decrease without any new job creation.
  • Differentiate between the three types of unemployment.
  • Learn how to find the natural rate of unemployment.
  • Explain how expectations can affect the economy.
  • Understand how the minimum wage affects employment.

9 Lessons in Chapter 6: Understanding Unemployment: Tutoring Solution
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.

What is Unemployment? - Definition, Causes & Effects

7. What is Unemployment? - Definition, Causes & Effects

What is unemployment? If you are currently out of work, you certainly know what this is. But the government has a specific way of looking at unemployment, and you might actually not be considered unemployed by its definition! Read on to learn why.

What is Underemployment? - Definition, Types, Causes & Effects

8. What is Underemployment? - Definition, Types, Causes & Effects

Many people in today's economic climate are underemployed. In this lesson you will learn what underemployment is, types of underemployment, as well as its causes and effects.

What is the Difference Between Attrition & Turnover?

9. What is the Difference Between Attrition & Turnover?

The difference between attrition and turnover can be seen in the aftermath of an employee leaving a company. In this lesson, you'll find out what that means and how it separates the two types of workforce categories.

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