IB students - As we begin unit 3.5 from our Macro syllabus, we will start to focus on the relationships between unemployment, inflation, economic growth, and further explore the policy measures available to central banks and governments to achieve macroeconomic goals. Over the weekend, you are to read chapter 16 from our text. In addition, you need to find an article that relates to the Phillips Curve, link to it, summarize it and offer a brief analysis on your own blog. Here are some articles I found by doing a quick search on Google News for “inflation and unemployment”.

• Bloomberg.com: German August Unemployment Falls as Economy Expands
• Polish central bank raises rates third time to keep inflation at bay UPDATE - Forbes.com
• www.kansascity.com | 08/28/2007 | Poverty rate falls, but U.S. has more uninsured
• Canada’s workforce needs to be more mobile to reduce jobless rate: report
• Lower the Fed Funds Rate - WSJ.com
• Bloomberg.com: Japan’s Consumer Prices Fall 0.1%, Production Drops
• TwinCities.com - Over time, data can prove unreliable

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About the author: Jason Welker is a teacher at Zurich International School in Switzerland, where he teaches Advanced Placement and International Baccalaureate Economics. Jason was an international school student in Malaysia before studying economics at Seattle University then earning his Masters in Education. He calls Seattle and Northern Idaho home. In addition to maintaining an economics wiki and this blog for economics student and educators, Jason also gives presentations on using Web 2.0 tools in education at workshops and conferences around the world. His economics wiki won the 2007 "Best Educational Wiki" award from the "EduBlog Awards".

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