MACROECONOMICS


LESSON 4


Unemployment


Topic 1: Wage Rates and the Supply and Demand for Labour

Topic 2: An Auction Theory of Cyclical Unemployment

Topic 3: A Search Theory of Cyclical Unemployment

Topic 4: A Contract Theory of Layoffs and Unemployment

Topic 5: The Phillips Curve

Topic 6: Efficiency Wages: Insiders and Outsiders

General Readings

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PREPARED BY

John E. Floyd
Professor of Economics, University of Toronto
Toronto, Ontario, Canada

Copyright, John E. Floyd
j.floyd@utoronto.ca