Unemployment Essay (1 Viewer)

[yeeshu]

Hey, i was wonderin if someone could jus read over my essay plan n tell me what they think

discuss causes of unemplyoment and social/economic costs in relation to aussie economy

• what is unemployment
• Recent unemployment performance
• Cyclical cause
  • domestic growth (keynesian diagram)
    • peristent expansion for 17 years = elimination of cylical unemployment
  • Global growth (IBC)
    • recent commodities boom
  • Government policy settings (stabilisation of fluctioations in business cycle diagram
• Structural Causes
  • Productivity levels
    • recent drop in productivity has led to rise in structural unemployment as firms substitute capital for labour
  • Technological change
    • PMV and TCF industried affected
  • Wage levels
    • Aus high wage economy in low wage region = outsourcing
    • Labour market reform carried out to reduce this problem
  • Ridgitied in job market
    • Job network formed
  • Micro reform - protection cuts
    • leads to long term/structural unemployment
• Economic Effects
  • opportunity cost of lost output and production
  • loss in human capital
  • pressure on fiscal balance
  • lower living standards
• Social costs
  • increased inequality
  • inreaded relative poverty
  • adverse social trends
• conclusion/future outlook

 

[melmont13]

Looks good, especially like the effects part.

 

[Raven3333]

Add something about frictional employment, underemployment and there is ine more I just can't remember the name and should be a sweet essay

 

[munchiecrunchie]

great plan, looks good to me

 

[yeeshu]

Add something about frictional employment, underemployment and there is ine more I just can't remember the name and should be a sweet essay

frictional will come under the creation of job network...and i'd probably throw in underemployment with the labour market reform...increased flexibility= increased parttime/casual and therefore increased underemployment....but that whole things gunna be a bitch to fit into 50 mins lol

 

[donetha]

Underemployment is key if you are discussing the Australian Economy.

• The increasing trend towards casual/part time jobs
• Misleading unemployment figures due to people being classified as emplyed if you work only 1 hour a week

 

[2162]

Technological change
PMV and TCF industried affected

Hey what is this may I ask?

 

[lionking1191]

Technological change
PMV and TCF industried affected

Hey what is this may I ask?

i would have thought that it would come under microeconomic reform

 

[midifile]

Even though the question doesnt ask for it I think you should mention a bit about govt responses, just in a paragraph or two at the end

 

[plak]

You can also add how they calculate unemployment , the formula , the participation rate.

The trends and stuff on unemployment would be good.

And for some causes of unemployment u can say the RBA was increasing the cash rate, which decreased growth... and yeahhh. u can also mention something bout inflations if u have time