Reading Guide 5

Textbook Reading Guide – Unit 5 Unemployment

Jim’s comments:  Read Chapter 8.  Again, another pretty solid chapter.  Pay particular attention to terms and their definitions. When discussing employment and unemployment, our terms in economics have rather precise definitions and meanings, even though to outsiders (non-economists) the terms may seem to mean roughly the same thing. They don’t. Pay attention to both how to define and calculate unemployment rate and the types/causes of unemployment.

Table of Contents from Principles of Macroeconomics, 2e