PubPolicy_Exam1

PubPolicy_Exam1 - Public Policy Exam #1 Chapter 1 I. What...

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Public Policy Exam #1 Chapter 1 I. What is public policy? a. It is the substitution of private choice with public choice b. Sum of government activities, direct or indirect, that impact lives of citizens. These activities are taken in response to a problem facing society c. Three Separate levels of public policy c.i. Policy choices- decisions made by politicians, civil servants, or others with authority c.ii. Policy Outputs- policy choices being put into action c.iii. Policy Impacts-the effect policy choices and outputs have on citizens d. Things to remember d.i. US is a federal system, large number of subnational governements also make decisions -> each has its own opinion on policy d.ii. Not all government policies are implemented by gov employees. Gov also uses private organizations. d.iii. We are concentrating on the effects of government choices on the lives of individuals not the intentions of the individuals who formulated the policies II. What is public policy? a. It is the substitution of private choice with public choice b. Sum of government activities, direct or indirect, that impact lives of citizens. These activities are taken in response to a problem facing society III. Why would we give up individual choice? a. Political reasons- shifts in public opinion or social movements b. Moral or ethical reasons- government action is seen as the right thing to do c. Market failures- when the market fails to operate efficiently by letting competition set fair market prices. IV. Political Reasons a. Shift in Public Opinion a.i. Events, current thought effect public approval of policies b. Social Movements b.i. Groups and organizations with a moral/ethical dilemma that push for change V. Moral/Ethical a. It is the right thing to do
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b. Moral/ethical reasons that substitute government policy for our own opinions VI. Market Failures a. Information Assymetry: Buyers and Sellers do not have all the necessary info when entering a transaction b. Monopoly/oligopoly: One or more persons or companies dominate the market and can control the price of a good or service. Ex- OPEC c. Externalities: parties interact in the market and an individual not involved in the transaction is harmed or benefitted d. Public or Collective Good: Can’t exclude someone acquiring the good and the good can be jointly consumed d.i. Pure private good- T-Shirt d.ii. Toll good- cable d.iii. Common pool resource- cable government regulates d.iv. Pure public good- air government can’t regulate VII. The Instruments of Public Policy a. “It appears most choices are made out of habit and familiarity, not out of knowledge of effectiveness.” b. Law b.i. Authoritative decree backed by the government and the power of the state b.ii. Used as a means of producing rights b.iii. Laws are used to regulate economic and social conditions b.iv. Laws can create burdens and benefits. A law that benefits one group may be a burden to another. c.
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PubPolicy_Exam1 - Public Policy Exam #1 Chapter 1 I. What...

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