Unemployment persistence and hysteresis

Reference no: EM13930615

The aim is to analyse the contemporary issue from the perspective of conventional ‘textbook' economics. The word limit for the essay is 2000 words.

Topic: 'Should UK policy makers be concerned about unemployment persistence and hysteresis given the increase in the unemployment rate since the start of the recession in 2008?' The criteria for assessment include: evidence of an understanding of theories of unemployment; the ability to apply them effectively; the ability to gather, organise, analyse and present evidence and data in a coherent and concise fashion, employing a range of appropriate and properly referenced material.

Criteria for the essay

• Shown evidence of understanding issues ofdefinition and measurement when investigating unemployment

• Demonstrated the ability to compare and contrast the different theories of unemployment (and its attendant assumptions)

• Critically analysed and commented on the relevance of these theories in understanding UK unemployment

• Supported the analysis with the appropriate time series data and other relevant statistics

• Demonstrated reflective use of relevant literature and correct citation

•Been written clearly and concisely and not exceeded the word limit (maximum 2000 words)

Reference no: EM13930615

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