ECON312 Week 5 Discussion Latest 2019 January

ECON312 Principles of Economics

Week 5 Discussion

UNEMPLOYMENT

The Bureau of Labor Statistics provides up-to-date statistics about unemployment and employment on the national and regional levels. It also provides unemployment-related data by different groups such as age, gender, ethnicity, educational attainment, and so forth.

Follow the link below to access and review unemployment related statistics then answer the discussion question.

Go to the Bureau of Labor Statistics website, www.bls.gov/news.release/empsit.toc.htm (Links to an external site.)Links to an external site..

Click on and review the following links to learn about the relationship between age, race, and gender and unemployment.

Employment Situation Summary

Employment Situation Summary Table A. Household data, seasonally adjusted

Table A-2: Employment status of the civilian population by race, sex, and age

What interests or surprises you from the summary tables? Discuss the differences in unemployment rates by gender, age, educational attainment, and so forth, and provide possible explanation for the variations in unemployment over time and the variation in unemployment by age, gender, educational attainment, and race.

Multimedia Post (up to 15 points)

Create a short 1- to 2-minute slide presentation with a voice narration or a video using any technology you are comfortable with to explain one of the economic concepts listed below. Suggestions: Adobe Spark Page (Links to an external site.)Links to an external site. with a Spark Video, Kaltura video post, or a narrated PowerPoint.

Start the presentation by introducing yourself (name and your topic of choice), and then give a brief explanation of at least one of the concepts listed below, including an example to support your presentation.

Business cycles: Recessions and expansions

Unemployment

Full employment

Inflation

Aggregate demand

Shift in aggregate demand

Aggregate supply

Shift in aggregate supply

Aggregate supply and its determinants

Macroeconomic equilibrium

Peer Response Post (up to 10 points)

Respond to at least one of your peers' initial posts or multimedia posts.

Your response should add new facts, ideas, knowledge, and/or corrections to the initial post or the multimedia post. Also, provide examples to support your response post.