3.5 Unemployment and Inflation

Unemployment

Full employment and underemployment http://opengecko.com/economics/unemployment-part-1/
Unemployment rate http://opengecko.com/economics/unemployment-part-1/
Costs of unemployment NONE YET

• structural unemployment

http://opengecko.com/economics/unemployment-part-1/

• frictional unemployment

http://opengecko.com/economics/unemployment-part-1/

• seasonal unemployment

http://opengecko.com/economics/unemployment-part-1/

• cyclical/demand-deficient unemployment

http://opengecko.com/economics/unemployment-part-1/

• real wage unemployment

http://opengecko.com/economics/unemployment-part-1/
Measures to deal with unemployment NONE YET

Inflation

Definitions of inflation and deflation NONE YET
Costs of inflation NONE YET
Costs of deflation NONE YET
cost push inflation http://opengecko.com/economics/causes-of-inflation/ (basic introduction only)
demand pull inflation http://opengecko.com/economics/causes-of-inflation/ (basic introduction only)
excess monetary growth http://opengecko.com/economics/causes-of-inflation/ (basic introduction only)

Inflation and Unemployment – Higher Level Extension Topics

Methods of measuring inflation

http://opengecko.com/economics/calculating-inflation/

Problems of the methods of measuring inflation

http://opengecko.com/economics/calculating-inflation/

Phillips curve
• short-run
• long-run

http://opengecko.com/economics/the-phillips-curve/
Natural rate of unemployment Various – specific to be added later
Non-Accelerating Inflation Rate of Unemployment (NAIRU) NONE YET
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