Economic Policy.

Slides:



Advertisements
Similar presentations
CONGRESSIONAL BUDGET OFFICE Total Revenues and Outlays Percentage of GDP Revenues: Funds collected from the public that come from a variety of sources,
Advertisements

Chapter 14 Economic Policy Basic Economic Issues Fiscal Policy Monetary Policy Deficit Spending Budget Process.
Fiscal Policy Jeopardy Federal Budget Spending Tools Aggregate Demand Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final Jeopardy.
Fiscal policy Changes in federal taxes and purchases that are intended to achieve macroeconomic policy objectives high employment price stability high.
Sources of Federal Revenue Chapter 14 pp
Pearson Education, Inc., Longman © 2006 Chapter 13 Economic Policymaking American Government: Policy & Politics, Eighth Edition TANNAHILL.
Copyright 2009 Pearson Education, Inc., Publishing as Longman Longman PoliticalScienceInteractive Magleby & Light Government by the People Chapter 18 Economic.
The Israeli Economy January 2012 Ministry of Finance.
Fiscal Policy Government Spending AndTaxes. Fiscal Policy Government spending Government spending – Increase: stimulates the economy – Decrease: slow.
HOLT, RINEHART AND WINSTON A MERICAN GOVERNMENT HOLT 1 Economic Policy Section 1: Raising Revenue Section 2: Influencing the Economy Section 3: The Federal.
Socratic Seminar Seminar Guidelines: 1)150 points Grade based on performance and preparation 2)Bring Notes & Come Prepared Each student must have notes—have.
15 Economic Policy. Conditions Required for a Market Economy Government has a role to play in a market economy: –Ensure law and order –Secure property.
THE BIG PICTURE. WHAT CAN GOVERNMENT DO TO PROMOTE ECONOMIC GROWTH? Is economic growth really the government’s job? What should the government.
Unit 7 Review Public Policy. The Policymaking Process Recognizing the Problem Formulating the Policy Adopting the Policy Implementing the Policy Evaluating.
Fiscal Policy & Monetary Policy
ECONOMIC POLICY A BRIEF OVERVIEW HONORS GOVERNMENT.
Tax Bases Anderson: Structure of Taxes. Copyright © by Houghton Mifflin Company. All rights reserved. 2 Introduction What is taxed—also known as the tax.
Chapter Eighteen Economic Policy. Copyright © Houghton Mifflin Company. All rights reserved If government cuts taxes to encourage people to spend.
ECONOMIC POLICY MONEY MONEY MONEY MONEY!!!. GOVERNMENT ECONOMIC POLICY 1.MONETARY POLICY 1.CONTROLLED BY THE FEDERAL RESERVE 2.MAINTAIN STABILITY OF OUR.
LA Comprehensive Curriculum Free Enterprise Guiding Questions.
Policy Matters Ohio Instructions for the Super Committee: a balanced approach to debt reduction That does not increase poverty.
Copyright © 2007 South-Western. All rights reserved. Chapter 3 Assessing Economic Conditions.
Public Policy and The Budget Process. I. Economic Policy A.Monetary v. Fiscal Policy 1. The government uses monetary policy to influence the economy by.
Governments & Fiscal Policy Three levels of government: 1.Federal (USA) 2.State (NH) 3.Local (Merrimack) Fiscal Policy = plan for how governments gain.
Effectiveness and Limitations of Economic Policies  Chapter 18 is excellent summary of Topic 3 and Topic 4.
The Economy Ms. Dennis & Mr. Patten Participation in Government.
An Overview of Personal Finance The Importance of Personal Finance –Slow Growth in Personal Income The average annual growth rate in the US is from 2 -
Taxation “In this world nothing can be said to be certain, except death and taxes.” Benjamin Franklin.
Federal Govt. Collects Different Taxes Chap. 15. Two Principles of Taxation Benefit Principle – Those who benefit from a service, pay the tax. –Ex. Bridge.
Fiscal Policy How the government collects and spends money to meet broad economic goals.
PUBLIC POLICY OVERVIEW. COSTS vs. BENEFITS Cost = any burden that a group must bear Benefit = any satisfaction that a group will enjoy from a policy Costs.
Sociology 323 Economy & Society February 12 – Jim Stanford Part 4.
 Problems, Policy, and The Fed.  Economic Problems: o Inflation o Loss of wages for workers o Lowered standard of living o Unemployment o Recession.
Copyright © 2014 Cengage Learning ECONOMIC POLICY Chapter Sixteen.
Year 13 A2 Level Business Studies Government economic policies.
Financing the Government. Taxes and Revenue Progressive tax – the higher the income, the higher the rate Payroll taxes – taxes matched by employers Regressive.
Fiscal Policy and Taxes Test Review Ch. 14 and 15.
Chapter 14 Taxes and Government Spending. Taxes Tax – Financial charges imposed on individuals and businesses by a government Purposes of taxes To provide.
Tax Issues in Election. Where we are… Average Federal Tax Rates by Income Group, %
Fiscal Policy.
LECTURE IX: Stylized Facts of Taxation
Fiscal Policy UNIT 6 Chapter 15.
Tax Terms Define each Term and offer a specific example:
3.4.3: Strengths and Weaknesses of These Policies
Where your money goes Chapter 10.2 & 10.3.
NEP Introduction – Reform – LPG – P. M. – F. M.
DEBT vs DEFICIT.
Week 7 Vocabulary Review
ECO 203 TUTORIALS Education Your Life--eco203tutorials.com.
ECO 203 TUTORIALS Lessons in Excellence--eco203tutorials.com.
ECO 203 TUTORIALS Education for Service-- eco203tutorials.com.
Fiscal Policy: Spending & Taxing
Courtney Bristow, Justin Dueker, Allie Romig, Andrey Kibukevich
Gov Review Video #40: Monetary & Fiscal Policy
The Role of Government Actions that Impact the Economy
Unit Three Review Macroeconomics.
Primary goal of the government:
What’s on the ppt? Chapters 16 – NC 18
Outlook for the U.S. November 3, 2016 WWEMA
Government Taxing and Spending
CHAPTER 1 INTRODUCTION TO MACROECONOMIC
Deficits and Monetary Policy
ECONOMICS: April 16 Warm-up (using Act. 5-2 HO) Discretionary vs. Automatic Fiscal Policy (#1, #3, #4, #6, #7, & #10) Economics Learning Target In order.
Chapter 16: Financing Government Opener
By Manuel C. Torres Tommy Kuan
By Ms. Parsons and Mr. Frasier
The Federal Government
Fiscal Policy.
Fiscal Policy.
ECONOMICS: November 7 Warm-up: Why is the property tax regressive? (see pie chart HO from yesterday) Do tenants of rentals have to pay property taxes?
Presentation transcript:

Economic Policy

Introduction What is economic policy Federal government and economic policy Free enterprise approach

Goals of economic policy Economic growth Low unemployment Low inflation

Tools of economic policy Fiscal policy Monetary policy Regulation

Tax policy Basic principles Personal income tax Capital Gains Progressivity of income tax Capital Gains Payroll tax EITC Estate Tax Corporate income tax Tax reform

Estate Tax

The Budget National Debt Debt vs. Deficits The Deficit Problem Entitlement Spending Taxes, spending, and the budget Trump proposals

One long-term spending chart to rule them all

Contemporary Controversies Debt ceiling showdowns Trade policy/tariffs Income inequality Wealth tax Income tax rates

Intergenerational Mobility

The American Dream: Alive and well in Scandinavia

https://www.nytimes.com/2016/12/08/opinion/the-american-dream-quantified-at-last.html