We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Unemployment in Macroeconomic Theory - Essay Example

Comments (0)
Summary
This essay discusses the central issue of unemployment in macroeconomics. It also aims to provide a viable solution to the issue, as each country must effectively address the unemployment issue to ensure economic development. They are many types of unemployment with specific causes and effects. …
Download full paper
GRAB THE BEST PAPER
Unemployment in Macroeconomic Theory
Read TextPreview

Extract of sample
Unemployment in Macroeconomic Theory

Download file to see previous pages... The farmer will not get the job of the mismatch skills. Another cause of structural unemployment is the geographical immobility. This is a situation where an individual is not able to move to another place for a job opportunity. He or she mays decided to remain jobless due to the fact that he or she cannot move to another geographical area even if a job is guaranteed. Some of the reasons behind are family’s issues or health issues. One can leave a job opportunity and remain close to the family. Change in technology can also cause structural unemployment. This is because some people are resistant to change. When new technology is introduced, they find it difficult to adapt to its use. Some are forced to quit their jobs due to the technology illiteracy. However, structural unemployment issue can solved if people accept to go for retraining if they want to be considered in re-employment. People searching for jobs should also accept to change their geographical locations if the job opportunity demands them to. Furthermore those who are working in technology driven companies should be able to adjust to the changes in technology. Another type of unemployment is the frictional unemployment. This type of unemployment occurs when one leaves the current and become unemployed when he or she is still looking for another job. Some can leave their jobs just to have time to relax themselves (Wessels, 93). The main cause of this type of unemployment is the movement of people between jobs, locations or careers. One of the cause of this unemployment is when someone is fresh from college and do not understand the labor markets. The graduate will be expecting to get a better paying job. During this time...
The intention of this study is to provide comprehensive theoretic analysis of the issue of unemployment and also determines the ways of addressing this problem, in order to achieve high levels of economic development. There are many effects that are caused by unemployment, which can either be direct or indirect.
Unemployment is situations where people who get job they are searching. These people do have any income. They have to look for other options that will help them get jobs. Unemployment can either be voluntary or involuntary. Voluntary unemployment is where one renders himself or herself jobless knowingly. This is caused by many factors both economical and in the markets.
Another type of unemployment is the structural unemployment. This is a type of unemployment where capital labor situations make people to be unemployed. These capital labor situations reduced labor demand. Structural unemployment always occurs when the new job vacancies mismatch with the skills that are available. Frictional unemployment occurs when one leaves the current and become unemployed when he or she is still looking for another job. Some can leave their jobs just to have time to relax themselves
Cyclic unemployment is the most volatile type. It is caused by lack of goods and services demand. It is sometimes referred to as demand deficient unemployment because it is related to the economic capacity. It always occurs when GDP growth rate moves in moves in different direction with the rate of employment. ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Macroeconomic Stabilisation Theory and Policy
Therefore, the institutions of the labour market are very important in the economic trend studies. (Zanetti, 2007) This study is going to have a look at the issue of labour market macro economy and more specifically it is going to focus on giving an answer to the study question, “Is it appropriate to regard the aggregate labour market as a clearing market?
8 Pages(2000 words)Essay
Macroeconomics and unemployment
It is within Macro economics that unemployment rate is discussed. There are two policies in macro economics that determine to explain unemployment and they are fiscal and monetary policies. Discussion Macro economics as field in economics has its roots from business cycle theory and monetary theory.
3 Pages(750 words)Essay
Macroeconomic Theory ECON302
Therefore, the private individual disposable income forms the total income, when there is an absence of government spending in that economy. Keynes argue that aggregate demand is the sole cause of instability in the business cycle and consequently the economy, and observes that it is through government intervention that such instability can be applied to stabilize the business cycle (Carbaugh, 132).
5 Pages(1250 words)Essay
Unemployment Halts Globalisation (Pros and Cons)
In order to satisfy the objective of this study, the essay will begin with a brief discussion of unemployment subsequently followed with a brief discussion of globalization. The third section will demonstrate the relationship between increased rate of unemployment and reduced levels of globalization.
4 Pages(1000 words)Essay
Unemployment
Classical economics or neoclassical economics focus on rigidities in the labor market caused by the operating laws such as minimum wage act, taxes, and other regulations that restrict employers to hire more workers in the job. There are many who accept unemployed status voluntarily because of unsatisfactory employment available.
9 Pages(2250 words)Essay
Macroeconomic Problems and Analysis
The Phillips curve, named after A.W. Phillips, shows how inflation and unemployment are said to be inversely related. His hypothesis is primarily based on his observation with regard to the prevailing economic conditions in Great Britain from the onset of the 1900s until 1958.
5 Pages(1250 words)Essay
Macroeconomic theory
What explains the divergence And perhaps equally important, what conditions either lead to further divergences or produce convergence North (1990, pp. 6-7). In the context of the present paper, the above questions have two implications. First, what macroeconomic policy-mix is conducive to economic growth Second, why do governments of some countries adopt the optimal policy mix and the others do not There has been extensive research into the first question with regard to open developing economies (see for example, Little et al., 1993; World Bank, 1987).
3 Pages(750 words)Essay
Macroeconomic Coursework
Thus almost all representative agent models including Harrod-Domar Model and Marginal Utility-based models have a theoretical and conceptual framework based on a particular
10 Pages(2500 words)Essay
Macroeconomic Theory and Policy
For neoclassical economics, government spending is not a major determinant, and it emphasizes on business investment and consumer spending while Keynesian economics is highly dependent on government
4 Pages(1000 words)Essay
Seminar in Macroeconomic Theory
In a bid to balance the budget, there will be a need to revise the taxation policies. There should be increased the tax on products that are harmful to the
3 Pages(750 words)Assignment
Let us find you another Essay on topic Unemployment in Macroeconomic Theory for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us