IB Economics 3.3.1: Unemployment (Causes, Calculations & Diagrams) Macroeconomic Objectives
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YouTubeKevin Means Business
IB Economics 3.3.1: Unemployment (Causes, Calculations & Diagrams) Macroeconomic Objectives
Why do people lose jobs, and how do we measure it? In this IB DP Economics Unit 3.3.1 lesson, we master the macroeconomic objective of Low Unemployment. We break down the unemployment rate calculation, the hidden difficulties in the data, and the four main causes: Cyclical, Structural, Seasonal, and Frictional unemployment. Plus, we walk ...
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