O/L Unit 5: Role of government in an economy

Thursday, January 05, 2017

Topic #
Topic
Outcome
5.1
The role of government
• Describe the government as a producer of goods and services
• Describe the government as an employer
5.2
The aims of government policy
Describe the aims of government policy:
• full employment
• price stability
• economic growth
• redistribution of income
• balance of payments stability
5.3
Government policies
Explain and analyse the use of:
• fiscal policies
• monetary policies
• supply-side policies
5.4
Possible conflicts between aims
Discuss the possible conflicts between these government aims
5.5
Taxation
Describe the types of taxation:
• direct
• indirect
• progressive
• regressive
• proportional
Describe the impact of taxation
5.6
Government influence on private producers
Discuss the government’s influence on private producers:
• regulation
• subsidies
• taxes

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