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The nature and causes of changes in the pattern of
employment, for example increase in proportion
of workers employed in the tertiary sector and
formal economy as an economy develops; a greater
proportion of women in the labour force due to
changes in social attitudes; decline in the proportion
employed in the public sector as a country moves
towards a market economy.

  • How unemployment is measured
    – claimant count and labour force survey
    – the formula for the unemployment rate.

  • Frictional, structural and cyclical unemployment.

  • The consequences of unemployment for the
    individual, firms and the economy as a whole.

  • The range of policies available to reduce
    unemployment and how effective they might be.

Review of Unit 4

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