Unemployment New

FOUNDATION FOR ECONOMIC EDUCATION

Prepare for the Economics Olympiad Competition

Unemployment is the condition in which individuals who are willing and able to work at prevailing wages are unable to find jobs.

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Course curriculum

1. What is Unemployment?
2. Counting the Labor Force
3. Beyond the Headline Number
4. Frictional Unemployment
5. Structural Unemployment
6. Cyclical Unemployment
7. Efficiency Wage Theory
8. Minimum Wage & Market Realities
9. Rigid Rules & Firing Costs
10. Public Policy Options
11. Unemployment Insurance
12. Prosperity as Choice
13. Article: Is the Unemployment Rate a Deceptive Statistic?
14. Advanced Practice

Additional Business Cycles and Unemployment Modules

Compete in the 2026 Economics Olympiad Americas Challenge

The Economics Olympiad is the world’s largest and most prestigious international competition that ignites the minds of young individuals and empowers them with essential economic knowledge and skills. Through a multi-stage structure, participants embark on a transformative journey, competing at the school, national, and international levels with the finals held in the birthplace of the Olympic Games—Ancient Olympia, Greece.

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Economics Olympiad Prep Modules

Use these modules to prepare for success in the Economics Olympiad competition.

FOUNDATION FOR ECONOMIC EDUCATION

Prepare for the Economics Olympiad Competition

Course curriculum

Content

Additional Business Cycles and Unemployment Modules

Business Cycle

AS/AD Equilibrium & Shifts

Aggregate Demand

Aggregate Supply

AS/AD Long Run Adjustment

Economics Olympiad Prep Modules