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How do governments manage their economy and how effective are their policies?
How do governments manage their economy and how effective are their policies?
We will cover three units in one! Yes, that's correct. Here we study
We will cover three units in one! Yes, that's correct. Here we study
- 3.5 Monetary Policy
- 3.6 Fiscal Policy
- 3.7 Supply Side Policy
Conceptual understandings
Conceptual understandings
- Government INTERVENTION attempts to achieve macroeconomic objectives through a choice of polices
- Political, economic, social and environmental factors are INTERDEPENDENT and will influence the effectiveness of government policies
Study Guide
Study Guide
Be sure to access your very own personal copy of this studyguide via Google Classroom. Remember my advice - it's a great place to keep your lesson notes - allowing for easier review and revision of topics later when closer to exams.
Take care to notice what is HL and what is SL when you are self-studying these topics.
And as always keeping a keen and close eye on the news will be amazingly helpful for your progress - indeed you have a IA2 coming up soon; exciting
Theory of Knowledge: Questions and Connections
Theory of Knowledge: Questions and Connections
- Can political beliefs and ideologies affect a person’s preference for one particular policy over another?
- When evaluating economic policies, how important are cultural differences?
- How much statistical data should economists use in determining the reliability of any economic policy result?
- Economists and those who use economic theory may disagree with each other about the outcome of economic policies. On what basis might we make judgments about their relative conclusions?
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