Students will understand the key economic theory of employment and unemployment. The lesson covers the types of unemployment and how it is measured. The lesson also covers ‘stick wages’ and how this links to voluntary and involuntary unemployment. The lesson covers the natural rate of unemployment, NAIRU and the consequences of unemployment. The lesson includes deep theory, many tasks, examples and videos. This lesson is aimed at higher level Macroeconomic teaching and includes high mark essay style questions.
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£3.00