3.5, 3.6, 3.7 Macro Policy

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

MACROECONOMIC POLICY

MONETARY POLICY

FISCAL POLICY

AUTOMATIC STABILISERS (HL ONLY)

THE KEYNESIAN MULTIPLIER (HL ONLY) 

CROWDING OUT (HL ONLY) 

FISCAL POLICY - AN EVALUATION

SUPPLY SIDE POLICY

POLICY CLASH

TOK 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?