AS 91225 · 4 credits · Internal
Unemployment analysis
Analyse unemployment using economic concepts and models
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You need to analyse how unemployment works using economic concepts and models — specifically looking at why unemployment changes, what causes those changes, and who in New Zealand society gets affected by them. You'll use models like supply and demand in the labour market, production possibility frontiers, and the AS/AD model to explain these patterns.
What to do, grades and common mistakes
- ·Identify and define unemployment concepts (like different types of unemployment and what counts as 'full employment')
- ·Explain what causes unemployment to rise or fall, using economic models to back up your explanation
- ·Describe who gets affected by changes in unemployment — different groups in New Zealand society and what happens to them
- ·Show your understanding of economic models like labour market supply and demand, PPF, or the AS/AD model when explaining unemployment changes
You identify unemployment concepts, explain some causes of unemployment changes using at least one economic model, and describe impacts on some groups in NZ society.
You provide detailed explanations of both what causes unemployment to change AND who is affected by it, showing depth in how you apply the economic models to real situations.