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
Questions and suggested answers
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IGCSE Macroeconomics (Units 4 - 6)
4.1 the role of government 4.2 macroeconomic aims of government 4.3 fiscal policy 4.4 monetary policy 4.5 supply-side policy 4.6 economic growth 4.7 employment and unemployment 4.8 inflation and deflation 5.1 living standards 5.2 poverty 5.3 population 5.4 differences in economic development 6.1 international specialisation 6.2 globalisation, free trade and protectionism 6.3 current account of the balance of payments 6.4 foreign exchange rate
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Unit 4 Government and the macroeconomy - (IGCSE Macroeconomics)
The macroeconomic aims of government Fiscal policy Monetary policy Supply-side policy Economic growth Employment and unemployment Inflation and deflation
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