Government Economic Policy
ID: 200 | Video: None | Audio: Low | Animation: Low
Equivalent to FETAC: Level 5 | Equivalent to QCF (UK): Level 3
Learn how to understand budgetary policies using flow charts to illustrate the process
Using an interactive, multimedia design, this course introduces the learner to government policy from an economic perspective. Learners are given a rigorous introduction to budgetary policy via topics such as resource allocation and distribution of wealth. Microeconomic policy is then examined in the context of strengths and weaknesses and finally, the course delves into the topic of government market intervention and investigates a variety of markets types, the reasons for intervention and how intervention occurs. This course is a useful introduction to those who wish to learn and understand the role government policies play in shaping economic outcomes.
On completing this course you will understand budgetary policy, using flow charts to easily illustrate each process. You will know the meaning of the microeconomic policy and its strengths and weaknesses. It is designed to affect parts of the economy including domestic economic stability, income, wealth, resource allocation and external stability. You will be more aware of the reasons for government intervention.