5.2.3 Employment . o Outcomes of Unemployment a loss of human capital for lost of skills social costs resulting from depression and poor health or anti-social behavior and crime o Reasons of Unemployment individuals consciously choose not to work increasingly rapid structural change in many industries
5.2.3 Employment ❖ Outcomes of Unemployment ▪ a loss of human capital for lost of skills ▪ social costs resulting from depression and poor health or anti-social behavior and crime ❖ Reasons of Unemployment ▪ individuals consciously choose not to work ▪ increasingly rapid structural change in many industries
5.2. 4 Trade and trade indicators i Trade Balance Current Account Capital Account Balance of Payment Exchange Rate reflects what others think the value of a currency should be TWI(trade-weighted index): value of the exchange rate of the domestic dollar with all major trading partner currencies
5.2.4 Trade and trade indicators ❖ Trade Balance ▪ Current Account ▪ Capital Account ▪ Balance of Payment ❖ Exchange Rate ▪ reflects what others think the value of a currency should be ▪ TWI (trade-weighted index): value of the exchange rate of the domestic dollar with all major trading partner currencies
5.2.5 Care for the environment? Green Account national accounts which include an allowance for changing value of the environment
5.2.5 Care for the environment ❖ Green Account ▪ national accounts which include an allowance for changing value of the environment
5.2.6 Fairness and equity f 令 Fairness caring for the disadvantaged and providing reasonable equitable soclal outcomes
5.2.6 Fairness and equity ❖ Fairness ▪ caring for the disadvantaged and providing reasonable equitable social outcomes
53 CONSTRAINTS ON GO∨ER小 5.3.1 POLICY TRADEOFFS 5.3.2 MANAGEMENT THE ECONOMY IN THE SHORT TERM 5.3. 3 THE BUSINESS CYCLE
5.3 CONSTRAINTS ON GOVERN ❖ 5.3.1 POLICY TRADEOFFS ❖ 5.3.2 MANAGEMENT THE ECONOMY IN THE SHORT TERM ❖ 5.3.3 THE BUSINESS CYCLE