Determinants of private demand - unemployment rate, Microeconomics

Determinants of Private Demand - Unemployment Rate

Unemployment rates linked to specific courses of study can be useful indicators to determine investment in education. Their availability in published form, however, requires establishment of information systems linked to specific courses of study. Such information systems are available for only engineering degree/diploma courses [called National Technical Manpower Information System (NTMIS)]. A similar system for courses in science subjects is available but their results are not widely published. Its surveys are also not conducted at regular intervals.

General higher education courses such as B.A, B.Sc, B.Com are, however, not linked with specific jobs. They continue to be in demand for the reason that they are considered for a variety of jobs. At the current juncture, there is a good demand for general graduates from good colleges with campus recruitment which was not there a few years ago. However, because of the elusive and masked value of general education courses, it has not been possible to bring down the public demand for general graduate courses although they have the highest unemployment rates. Considering the stalemate in this regard, the National Policy on Education, 1986 advocated a strategy of ‘de-linking degrees from jobs’. It has not, however, been possible to use this strategy effectively as there is no alternative foolproof system of grading large number of candidates seeking jobs.

Many of the employers who use entrance tests for employment in their organisations resort to initial screening of candidates on the basis of university degrees. A major factor for the popularity of general higher education is that not all students get opportunities for professional education because of their limited intake capacity. Many of those who fail to make the grades for professional education join general education courses. For a large number of girls it is considered an extra qualification increasing their chances of marriage as they get preference over non-graduates. A host of these factors contribute to the prevalence of unemployment even for the educated persons.

Posted Date: 12/17/2012 4:19:44 AM | Location : United States







Related Discussions:- Determinants of private demand - unemployment rate, Assignment Help, Ask Question on Determinants of private demand - unemployment rate, Get Answer, Expert's Help, Determinants of private demand - unemployment rate Discussions

Write discussion on Determinants of private demand - unemployment rate
Your posts are moderated
Related Questions

The Wealth of Nations of Modern Economies When the federal government uses expenditures to stimulate the economy, it changes not only the present but the future as well. Question

How might a “perfect” macro equilibrium be affected by (a) a stock market crash; (b) the death of a president; (c) a recession in Canada; (d) a spike in oil prices?


any village panchayat in west bengal and get information for doing a project.

#questASSIGNMENT #1 The demand function for Product X is given by: Qdx = 80- 2Px- 0.05P²x -0.2Py + 4Pz + 0.01I+ 2A Where: Px Price of good X $120.00 Py Price of related good y $100

Point elasticity: It refers to measurement of elasticity on a point On a demand curve. Point elasticity helps in measuring elasticity where change in price and quantity is infinite

"In U.S., there is a culture of greeting people of the same sex. It's not common that people give attention to the people of the opposite sex. However, in the middle class, it's a

What are the causes of inflation? Define inflation as a steady enhance in the general price level. Then, there are, well, two and a half basic reasons: 1) Demand-pull infla

Explain about the duality between direct and indirect utility. Duality between Direct and Indirect Utility: While seen how one can recover an indirect utility function by ob