We have already looked at demand-side policies, but governments also have the option to use supply-side policies. These are policies that are designed to increase the productive capacity of a country. As with demand-side policies there are two types: Interventionist policies and Market-based policies. It is important not just to understand the difference between these, …
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 …
One of the issues that we have come across during our study of promoting equity as a macroeconomic goal is that of poverty. This is something that we will be looking at in more detail during the development economics section of the course in Year 13. At this point it is important to be able to …
We have already looked at the macroeconomic objective of promoting equity, why we have it and how we measure it. It is also important for us to look at the different measures we can use in order to promote equity. The areas we focus upon are the use of transfer payments and differing taxation systems. We …
A further macroeconomic objective that we study is greater equity in the distribution of the income. Remember that an equitable distribution of income refers to one which is ‘fair’, but that this is a very subjective or normative issue to measure and we therefore use equality as a proxy measure.
We have already seen the short animation produced by The Girl Effect, and below is a newer short animation that has been produced. There have also been a number of more recent news articles relating to gender inequality and empowering women to aid development. The BBC has a slideshow narrated by an 18 year old …
When we are looking at economic development, one of barriers we look at is gender inequality, and how improvements for females in terms of health, education etc. can lead to a multiplied effect over time. This can be a major driver of economic development and is now something that is looking to be improved upon. …