Module 1

Question #1: Crammerville has a population of 100 people, where 50% of the population is working. Each worker produces $5,000 worth of output per year. … Read More

To get right to the point… Okun’s Law is used to find unemployment when dealing with output instead of specific unemployment metrics. For example, given … Read More

The Consumer Price Index (CPI) is a crucial metric in terms of measuring inflation from year to year. Let’s dig into a simple example to … Read More

Beyond frictional, structural, cyclical, and overall unemployment, there are a couple more important related calculations to know. Labor Force Participation Rate Natural Rate of Unemployment … Read More

To learn unemployment and its factors, we’re going to utilize the following situation: Situation: Crammerville’s population is 120, containing 5 children. The labor force 100 … Read More

Imagine you run a small factory that produces dog food. As the manager of the dog food factory, you are focused on being able to … Read More