economics and quantative analysis

ECO82001 Economics and Quantitative Analysis

Assignment 2

Due Date: 22 December 2014

Value: 30%.

Instructions

Your manager has asked you to prepare a 1,200 word report on unemployment in the

Australian labour market. In particular, your manager has specifically requested that your

report clearly explains:

 Differences between fictional unemployment, structural unemployment, and cyclical unemployment; and

 The costs associated with unemployment.

The report must be structured as follows:

1. Introduction 2. Unemployment in Australia: An brief overview 3. Major types of unemployment

3.1. Cyclical unemployment 3.2. Frictional unemployment 3.3. Structural unemployment

4. Cost of unemployment 5. Policy Implications 6. Conclusion.

Tips for preparing your report:

 Define your terms;

 Clearly explain economic concepts;

 Make use of multiple references;

 Keep to the word limit; and

 Ensure your assignment is well-presented and free from grammatical and typographical errors.