Assignment:
The Costs Of Unemployment
1. (a) Explain the costs of unemployment.
(b) How is unemployment measured in UK, and why this is not an accurate measure?
2. Draw a Production Possibility Frontier PPF and explain the reasons behind its shape? Use data of your own and demonstrate how opportunity cost is measured along PPF. )
3. (a) Explain what is meant by inflation and deflation, clearly distinguish between
the two terms.
(b) Explain the problems associated with inflation.
4. a) Explain the process of economic growth and ways by which countries can achieve it.
b) Discuss: The pursuit of economic growth is not in people's long-term interests.
Guidelines:
1. A thorough literature review on topics must be evident.
2. Suitable organisational examples need to be given. These examples should be real-life business situations that illustrate the concepts of the subject.
3. Harvard style of referencing should be used; in-text and attach a list of all references.
4. Report format should be used. Pay attention to the rules of writing in relation to paragraphing, punctuation, spelling, etc.
5. Use headings for sections of your report where appropriate.
6. Attach a reference and bibliography list of all your sources
Word Limit: 4000 Words for the whole assignment - excluding appendices and bibliography
• The Harvard Style of Referencing system is COMPULSORY.
• Indicate the sources of information by including all the necessary citations and references adopting the Harvard Referencing System.
• Students who have been found to have committed acts of Plagiarism are automatically considered to have failed the entire semester. If found to have breached the regulation for the second time, you will be asked to leave the course.