Sunday, February 15, 2009

Unit 2: Supply side policies powerpoint

From tutor2u comes this powerpoint on supply side policies with a printable version.

http://www.tutor2u.net/blog/files/Supply_Side_Indicators_UK.ppt p/point
http://www.tutor2u.net/economics/supply-side-policies-uk-indicators.pdf printable

Geoff Riley outlines the aim of supply side policies to be:

Increase the productive potential of the economy (ie shift AS to the right)
Improve incentives for people to work
Improve the skill level of workers
Increase the productivity of labour and capital inputs
Increase the occupational and geographical mobility of labour to reduce unemployment
Increase the level of capital investment and research and development spending by firms
Stimulate inflows of overseas capital investment
Increase business efficiency by promoting more competition within and between markets
Stimulate a faster pace of invention and innovation throughout the economy
Provide a platform for sustained non-inflationary growth of an economy

a) Do supply side policies have any other objectives? Hint: Think quantity and quality of the factors of production

No comments: