Fiscal policy

Fiscal policy

We have now looked at the 5 different macroeconomic objectives of governments (low and stable inflation, low unemployment, stable economic growth, promoting equity and a favourable balance of payments), and the next step is to look at the government policies available to try and meet these objectives.  The types of policies can be split into …

Economic growth

Economic growth

Economic growth is one of the areas we study in relation to government macroeconomic objectives.  It is important to be able to distinguish between both actual and potential economic growth; not only through definitions but also with diagrams.  It it possible to show the difference first using a PPC  diagram, with a movement of the …

Waste and externalities

Waste and externalities

This article explains about the UN concerns over the increasing e-waste in developing countries.  It is an important issue within the economics syllabus.  It has links to microeconomics as an issue of an externality, but also to development as externalities are a potentially negative impact of growth and development. BBC article – Mountains of e-waste