POLS_110_-_Lecture_28

POLS_110_-_Lecture_28 - Yet another insight brought to you...

Info iconThis preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon
Yet another insight brought to you by OTA H2O Productions.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Chapter 17 (cont’d): DOMESTIC POLICY: THE ECONOMY AND SOCIAL WELFARE
Background image of page 2
Determining Policy Today: Issue must be on the political agenda to receive government attention Coalitions form to pass or defeat idea If adopted, new program implemented Evaluation and feedback of the program conducted (usually only by scholars)
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Two Ways to Consider Policy as Gaining the Agenda: Building a Coalition Punctuated Equilibrium # of Supporters Time Time Threshold Threshold
Background image of page 4
Why So Many Government Domestic Programs? Constitutional provisions Public pressure Widespread knowledge that free market economies, left to themselves, are subject to inflation, unemployment, and occasional depressions Image courtesy of tufts.edu
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Economic Policy: The goal of economic policy is to prevent/remedy market failures. Such policy seeks: Economic growth (annual increase in GDP) Avoiding inflation Maintaining positive balance of payments Avoiding negative externalities pollution workplace injuries health hazards Image courtesy of tufts.edu
Background image of page 6
Macroeconomic Policy: Macroeconomic policy is one of the methods governments pursue to offset market failures and affects the performance of the economy as a whole. Tools of Macroeconomic Policy: Fiscal policy altering government finances by raising or lowering government spending, raising or lowering taxes, and raising or lowering government borrowing difficult to use Monetary policy primarily accomplished through the operations of the Federal Reserve Board actions by the Fed affect how much money is available to businesses and individuals in banks, savings and loans, and credit unions influences interest rates and the money supply
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 8
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 21

POLS_110_-_Lecture_28 - Yet another insight brought to you...

This preview shows document pages 1 - 8. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online