Re: [discussion_vu] Fwd:ECO401 GDB !DEA SOLUT!ON

On 1/29/11, ĐĕעїĿ Ĵ¡מ <waqass.da1@gmail.com> wrote:
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> ---------- Forwarded message ----------
> From: mc080407301 Syed Azeem Akbar <mc080407301@vu.edu.pk>
> Date: Sat, Jan 29, 2011 at 5:10 PM
> Subject: [vumasters.com] ECO401 GDB !DEA SOLUT!ON
> To: "weblyceum@googlegroups.com" <attock-vu-group@googlegroups.com>,
> vumasters <vumasters@googlegroups.com>
>
>
> QUESTION:
>
> Unemployment is an economic problem as well as a social issue. It
> affects the living of all the people in a society whether they are
> young or old, educated or uneducated, skilled or unskilled. The job of
> "network administrator" at Virtual University of Pakistan requires
> special computer skills and applications are invited to fill this
> position. But a lot of unemployed persons who are looking for work
> these days don't have these particular skills.
>
> With reference to the above scenario, which type of unemployment these
> unemployed persons are facing?
>
> ANSWER:
>
> The un-employed persons mentioned in the scenario are facing
> 'Structural Unemployment' because there clearly seems a mismatch
> between skill level of these persons with the skill level required by
> Virtual University for the post of Network Administrator. The reason
> of this mismatch is inability of these unemployed persons to change
> their skill level.
>
>
> Reference: ECO401 Handouts Page 143 as follows:
>
> Structural unemployment:
>
> Structural unemployment is caused by a mismatch between the location
> of jobs and the location of job-seekers. "Location" may be
> geographical, or in terms of skills. The mismatch comes because
> unemployed are unwilling or unable to change geography or skills.
>
> P.S. Its better for everyone to make some changes in the above GDB to
> avoid the influence of most powerful digit 'zero' :)
>
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