Macroeconomics

Table of Contents

1. Topic pack - Macroeconomics - introduction
2. 2.1 The level of overall economic activity (notes)
3. 2.1 The level of overall economic activity (questions)
4. Section 2.2 Aggregate demand and supply (notes)
5. Section 2.2 Aggregate demand and supply (simulations and activities)
6. 2.2 Aggregate Demand and Aggregate Supply (questions)
7. 2.3 Macroeconomic objectives (notes)
8. Low Unemployment
9. 2.3 Macroeconomic objectives (questions)
10. 2.4 Fiscal policy (notes)
11. 2.4 Fiscal policy (questions)
12. 2.5 Monetary policy (notes)
13. 2.5 Monetary Policy (questions)
14. Section 2.6 Supply-side policies (notes)
    1. Supply-side policies - introduction
    2. The role of supply-side policies
    3. Interventionist supply-side policies
    4. The supply-side - case study
    5. Market based supply-side policies
    6. Market-based supply-side policies - case study (1)
    7. Evaluation of supply-side policy
15. 2.6 Supply-side policies (questions)
16. Print View

Market based supply-side policies

Syllabus: Policies to encourage competition
Syllabus: Explain how factors including:

• deregulation,
• privatization,
• trade liberalization and
• antimonopoly regulation

are used to encourage competition.

Syllabus: Labour market reforms
Syllabus: Explain how factors including

• reducing the power of labour trade unions,
• reducing unemployment benefits and
• abolishing minimum wages

are used to make the labour market more flexible (more responsive to supply and demand).

Syllabus: Incentive-related policies
Syllabus: Explain how factors including personal income tax cuts are used to increase the incentive to work, and how cuts in business tax and capital gains tax are used to increase the
incentive to invest.

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• Market based supply-side policies