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4.6. Employment and unemployment

Syllabus
0455–2027–2028
Topic
4.6
Level
—

4.6.1—Definitions of employment, unemployment and full employment

  • Definitions of employment, unemployment and full employment

4.6.2—Measurement of unemployment

  • how unemployment is measured (labour force survey)
  • formula for the unemployment rate

4.6.3—Causes/types of unemployment

  • frictional unemployment
  • structural unemployment
  • cyclical unemployment
  • seasonal unemployment

4.6.4—Consequences of unemployment

  • consequences of unemployment for the individual, producers/firms, the government and the economy

4.6.5—Policies to reduce unemployment

  • the range of policies available to reduce unemployment and their effectiveness

Objective notes

5 learning objectives
ConceptIGCSE Economics