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 |
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 |
