Economics Section: Chp. 34Further Reading Keywords – Unemployment, voluntary, frictional,...

transcript

Economics Section: Chp. 34 Further Reading

Keywords – Unemployment, voluntary, frictional, seasonal, structural & cyclical unemployment.

• Class : Y11

• Lesson Topic: Government & Economy

• Scheme of Work: Unemployment

Lesson Objectives ALL (KNOWLEDGE) Define and describe the terms Unemployment

MOST (ANALYSIS) Examine and Analyse the types of Unemployment

SOME (EVALUATION )

Evaluate & Justify your views of different types of Unemployment

P&DPlanning and

Higher thinking

Skills

Planning ToolsP&DPlanning and

Define and describe the terms Unemployment [Grade E-D]

Examine and Analyse the types of Unemployment

[Grade C-B]

[Grade A-A*]

Personalise your learning. . .

Keyword Definition

Unemployment,

voluntary

frictional

seasonal,

structural

cyclical unemployment

CONNECTIVES

CONNECTIVES for AnalysisCONNECTIVES for ApplicationCONNECTIVES for Evaluation

COMPARINGEqually…As with…Like…In the same way…Similarly…Even so…Likewise…CAUSE & EFFECT

Consequently… Due to…As a result… Therefore..Because of… Because…

CONCLUDINGFirstly… After…Secondly… Before…Overall… I believe…Finally… I think …In conclusion… it depends…To conclude… short term…Meanwhile… Long term…

CONTRASTINGAlthough… Except…Moreover… If…However… Yet…Apart from… Unless…Despite… As long as…

EMPHASISINGMost importantly…Significantly…Notably…Especially…Above all…In particular…Indeed…

QUALIFYINGDespite… Yet…As long as… Unless…Apart from… If…Moreover… Except…However… Although…

ADDINGIn addition… And…Too… Also…Additionally… As well as…Furthermore…

ILLUSTRATINGFor instance… Such as…In the case of… So…For example…As revealed by…As illustrated by…

Climb the LadderA-A*

1. To what extent 2. Do you think3. Evaluate whether (8-10m) 10+ connectives & key words

1. Explain 2. Compare3. Analyse (5-8m) 5+ connectives & key words

1. Define 2. Describe3. Identify (2-4m) 2 + connectives & key words

ATDApply to

demonstrate

Unemployment

1. List 3 reasons why the government would want to know how many people are not working.

2. List 2 people not included in the workforce

p. 107 text

Unemployment Objectives

• Define

• Measurement methods

• Causes of Ue

– Consequences to follow later

Websites • UK Economy Tracker Unemployment

• UK Unemployment falls

• Qatar unemployment tracker

p. 107 text

Define Ue• People in the workforce able, available and willing to

work and are actively seeking work.

• From the amount of people unemployed, economists find the Unemployment rate (Ue) defined as percentage of people out of work – Jobless– Actively seeking work

Calculation :(Unemployed x 100%) ___________________

Labour force

Measures

• Macroeconomic objective is low unemployment. Is FULL EMPLOYMENT POSSIBLE? (3% Ue)

• Labour Force Survey (LFS)– The ONS surveys 60,000 households on type of employment;

earnings and Ue. – Published every month using International Labour

Organisation definition of Ue. (UN body)

• Claimant Count – Montlhy count of those claiming Ue benefits. – JSA

Unemployment

UK Unemployment (LFS) and the claimant count, 1992-2002

Explain why there is a difference between the two curves

p. 107 text

Difficulties

• LFS captures more people as some are Ue, but not entitled to benefits. – ‘Doing the Double’ – Working and benefits– Under 18 out of school

• Which is better for International comparisons?

• Claimant count is relatively inexpensive and quick to assemble

Videos • Costs

p. 107 text

Costs of Ue

• TO Society – Lower tax revenues– Higher benefit payments– Social costs: crime, vandalism, family breakdowns and social welfare

support, regional decay– Opportunity cost of lost potential output

Costs of Ue • TO individual:– De-skilling– Loss of self-esteem– Lower income – reduced purchasing power and lower standard of living– Effects on the family unit– Increase in likelihood of stress related illnesses and mental breakdown

p. 107 text

Causes

– Frictional Unemployment – where people become unemployed between jobs

– Seasonal Unemployment – caused by the seasonal nature of some types of employment – e.g. holiday resorts

– Structural Unemployment – caused by changes to the structure of industry in the economy – e.g. the decline of the coal and iron. Or technological Ue due to advances in technology elsewhere.

– Cyclical Unemployment due to lack of AD. (Demand deficit Ue)

Hi Jimmy, you know where our next job

is at yet?

Unemployment Objectives • Define

• Measurement methods

• Causes of Ue

– Consequences to follow later

Plenary

1. To what extent is structural unemployment the biggest concern for government (8)

2. The claimant count is no longer a viable measurement of unemployment (8)

Lesson Objectives ALL (KNOWLEDGE) Define and describe the terms Unemployment

MOST (ANALYSIS) Examine and Analyse the types of Unemployment

SOME (EVALUATION )

P&DPlanning and

Higher thinking

Skills

Climb the LadderA-A*

1. To what extent 2. Do you think3. Evaluate whether (8-10m) 10+ connectives & key words

1. Explain 2. Compare3. Analyse (5-8m) 5+ connectives & key words

1. Define 2. Describe3. Identify (2-4m) 2 + connectives & key words

ATDApply to

demonstrate

Pass the ParcelAdd as much information you can remember from today’s lesson

When the horn blows – pass your sheet to the next table!

RReview the

Learning

Neighbours

2 things your neighbour has learnt today

1 question your neighbour wants

to ask

RReview the

Learning

Summarise your learning today into a single tweet

140 characters

Keep all of the information

Tweet Tweet

RReview the

Learning

1 question

you need to ask

2 new things you learnt

3 pieces of information

RReview the

Learning

5 minutes. . . GO

Economics Section: Chp. 34Further Reading Keywords – Unemployment, voluntary, frictional,...

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