Posts tagged supply side policies
Supply Side Policies – Guiding Questions
Nov 2nd
1) How can we define supply side policies?
http://www.bized.co.uk/reference/glossary/Supply-side-policy
http://www.bized.co.uk/virtual/bank/business/external/policy/expl.htm
2) Why have supply-side policies been so appealing to governments? How could this be shown on a graph?
3) How does the supply-side economists’ approach differ in general from the Keynesian economists’ approach?
4) What policies exist and how can we categories them?
Summary of some supply side policy concentrating on increasing the productivity of firms. NOTE: UK bias!
http://www.tutor2u.net/economics/content/topics/supplyside/product_markets.htm
Summary of supply side policy concentrating on increasing the quantity and quality of labour. NOTE: UK bias!
http://www.tutor2u.net/economics/content/topics/supplyside/labour_policies.htm
Your text book(s) should be a key resource here.
5) What are the advantages and disadvantages of supply side policies?
India Case-Study – Skim-read this article and briefly summarise how the author perceives India has been successful with supply-side policy. What has the policy concentrated on? Give one fact to show its success. Be sure to skim read to the bottom.
http://www.blonnet.com/2005/08/23/stories/2005082300271000.htm
What is meant by Reagonomics? You can read about it here:
http://en.wikipedia.org/wiki/Supply-side_economics
See also the further resources listed below.
6) Why are supply-side policies difficult to evaluate?
Additional Resources
pajholden on Supply Side Policies:
http://www.youtube.com/watch?v=v9HEm8w5nL8
BrynJonesOnline gives us this useful analysis, with points of evaluation:
This next video is a documentary excerpt uploaded by socialontology gives an idea of what is meant by government intervention in an economy and the associated administrative barriers (red tape), etc. – these barriers to productivity are what ought to be removed through deregulation and market-oriented policies:
A good written summary of the main issues:
http://economicsonline.co.uk/Global_economics/Supply-side_policies.html
Here is a printable worksheet to check your overall understanding of supply-side policy. http://www.bized.co.uk/virtual/bank/business/external/policy/worksheet3.htm
What Are Supply Side Policies?
Nov 23rd
Image: Some rights reserved by Re-Entry One Stop
Here is a simple activity that could be completed as a class.
Visit this site to see a list of 12 supply side policies:
http://www.economicshelp.org/macroeconomics/economic-growth/supply-side-policies.html
In pairs or ones, create a cartoon to explain one policy from the list of 12. Your cartoon should be designed to make the idea easy to understand.
Remember to add speech bubbles and appropriate characters / setting to give the policy some meaning. Add a title that matches the policy itself.
I recommend you use toondoo which is easy to use and quick and free to sign up for.
If you use this particular piece of online software, you can share it as a public comic book so that it can then be embedded on a website.
Looking for an example of toondoo? Here is a great cartoon by my colleague Maree (this one introduces three different economic systems):
