Unemployment

Unemployment*

And

Inflation*

Presented by

Names

CONTENT LIST……………………………………….

A .Unemployment:

-Defining unemployment & its economic interpretation …………………………

-Measuring unemployment……………

-Rates of unemployment in Egypt…….

-Impact of unemployment and its consequences:

-Economic impact…………….

-Social impact………………..

-Kinds of unemployment……….

.Frictional .Structural .Cyclical

.voluntary & involuntary unemployment

-Causes of unemployment & labor market issues

-Benefits of unemployment………

-Possible remedies& combats for the unemployment

B. Inflation:

-What is inflation? .....................

-Economic impact & inflation…..

-The Philip curve………………..

-Anti-inflation policy……………..

1) Defining Unemployment

Unemployment means lack of jobs even for those who are able and willing to work at the prevailing wage. The unemployment may be defined as the gap between the potential "full employments" and number of employed persons. Full employment is a condition of the national economy, where all or nearly all persons willing and able to work at the prevailing wages and working conditions are able to do so.

Unemployment=labor force-(no. of employed +frictionally unemployed)

[2] According to International Labour Organization report, more than 197 million people globally are out of work or 6% of the world's workforce were without a job in 2012.

[3] There remains considerable theoretical debate regarding the causes, consequences and solutions for unemployment. Classical economics, New classical economics, and the Austrian School of economics argue that market mechanisms are reliable means of resolving unemployment. These theories argue against interventions imposed on the labor market from the outside, such as unionization, bureaucratic work rules, minimum wage laws, taxes, and other regulations that they claim discourage the hiring of workers.

Keynesian economics emphasizes the cyclical nature of unemployment and...