Objectives – To learn:
How Economists Define and Compute Unemployment Rate
Patterns of Unemployment
What Causes Changes in Unemployment over the Short Run
What Causes Changes in Unemployment over the Long Run
To-Do Before Class
Read Chapter 8 Ch. 8 Unemployment
Activities/Assignments
- Apply Your Knowledge
Review Week 8 key concepts: Ch. 8 Key Concepts and Summary
Apply Your Knowledge: Ch. 8 Critical Thinking Questions
Review
Economics in the Real World
Read “Survey Finds Support for Halting Federal Unemployment Benefits”
Discussion
- Would there be a disproportionate impact among benefit recipients of ending the extended federal benefit?
- The assumption among many respondents is that the extended benefits are discouraging the unemployed from looking for jobs. Are there other reasons individuals may be delaying a job search?
