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  • IG2 - Fiscal Policy 3

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    Damion Brussel
    19 Ansichten20 Seiten
    The document discusses fiscal policy in the UK economy in 2015. It notes that while production and unemployment were up, productivity and earnings growth were low. The government was spending more than it took in through taxes and considered changes to monetary policy. The rest of the document outlines a lesson on fiscal policy and taxation, including definitions of direct and indirect taxes, and their different impacts on aggregate demand. It includes notes, videos, a practice question, and homework.

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    The document discusses fiscal policy in the UK economy in 2015. It notes that while production and unemployment were up, productivity and earnings growth were low. The government was spending more than it took in through taxes and considered changes to monetary policy. The rest of the document outlines a lesson on fiscal policy and taxation, including definitions of direct and indirect taxes, and their different impacts on aggregate demand. It includes notes, videos, a practice question, and homework.

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    © All Rights Reserved
    Als PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    19 Ansichten20 Seiten

    IG2 - Fiscal Policy 3

    Hochgeladen von

    Damion Brussel
    The document discusses fiscal policy in the UK economy in 2015. It notes that while production and unemployment were up, productivity and earnings growth were low. The government was spending more than it took in through taxes and considered changes to monetary policy. The rest of the document outlines a lesson on fiscal policy and taxation, including definitions of direct and indirect taxes, and their different impacts on aggregate demand. It includes notes, videos, a practice question, and homework.

    Copyright:

    © All Rights Reserved
    Als PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    von 20

    Early Series

    IGCSE Economics
    Fiscal Policy 3

    1
    Homework
    Fiscal Policy - page 228

    Budget surplus = revenue > spending


    Homework
    Fiscal Policy - page 228

    In 2015, the UK economy experienced an increase in production and relatively low


    unemployment. There was, however, little growth in labour productivity and earnings. The
    government continued to spend more than it was receiving in tax revenue and considered
    changing some of its monetary policy measures.

    (a) Identify two causes of inflation. [2]

    (b) Explain two reasons why government spending may be greater than tax revenue. [4]
    Seventh
    Review
    Fiscal Policy - page 228

    AD = C + I + G + (X-M)

    Government Spending

    Multiplier Effect
    Seventh
    Review
    Fiscal Policy - page 228

    Multiplier Effect
    Government spends (invests) money so to increase the value of the spending for the whole economy.

    It does this by:, using local businesses, increasing local incomes , creating new jobs
    Seventh
    Review
    Fiscal Policy - page 228

    Multiplier Effect

    =
    Today’ Class
    Fiscal Policy - page 229
    Class aim: Learn knowledge and understanding of how
    Fiscal Policy can help aggregate demand (AD) using the
    different types of taxation.
    First - Homework advice + Review

    Second -Introduce Today’s classroom

    . Third - Notes: Fiscal Policy - Taxation

    Fourth - Videos (12:20 min)

    Fifth - Practice question

    Sixth - Discuss answers + Homework

    Summary
    7
    Second
    Introduction
    Fiscal Policy - page 229

    Today

    Fiscal Policy - Taxation

    8
    Third
    Notes
    Fiscal Policy - page 229
    Third
    Notes
    Fiscal Policy - page 229

    Principals of Taxation
    Third
    Notes
    Fiscal Policy - page 229

    Impact of Taxation
    Third
    Notes
    Fiscal Policy - page 229

    Impact of Direct Taxation


    Third
    Notes
    Fiscal Policy - page 229

    Impact of Indirect Taxation


    Fifth
    Practice
    Fiscal Policy - page 229
    Sixth
    Homework
    Fiscal Policy - page 229
    Summary
    Fiscal Policy - page 229
    Summary
    Fiscal Policy - page 229

    Impact of Taxation
    Summary
    Fiscal Policy - page 229

    Principals of Taxation
    Summary
    Fiscal Policy - page 229

    Impact of Direct Taxation


    Summary
    Fiscal Policy - page 229

    Impact of Indirect Taxation

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