LO-18+AG+Pub+Pol-Econ+Pol (1)

LO-18 AG Pub Pol-Eco - Public Policy Economic Policy What is Economic Policy Economic Policy is designed to improve the well being of citizens by

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Public Policy Economic Policy What is Economic Policy? Economic Policy is designed to improve the well being of citizens by bringing about an overall growth and stability to the economy. How Does Economic Policy Differ from Social Policy? Social Policy is policy designed to improve the well-being/quality of life of citizens o Usually by guaranteeing a certain minimal standard of living and certain basic opportunities. The Purpose of Social Policy – EQUITY What are the Purposes of Economic Policy? Bring overall growth and stability to economy so as to improve on the well-being of the citizenry Government Tools and Techniques Principle Government Tools Macro Economic Policies Subsidies Public ownership Regulation Deregulation
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Macro Economic Policies Fiscal Policy: Govt attempts to influence economy by manipulating govt spending and/or taxation Monetary Policy: Govt attempts to influence economy by manipulating the money supply and availability of credit
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This note was uploaded on 01/27/2011 for the course INTA 1200 taught by Professor Birchfield during the Spring '08 term at Georgia Institute of Technology.

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LO-18 AG Pub Pol-Eco - Public Policy Economic Policy What is Economic Policy Economic Policy is designed to improve the well being of citizens by

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