Bellwork 27/08/12

Bell work entry 1

1.       Chart macro economic objectives

Economic growth	1. a steady rate of increase of national output
Employment	a low level of unemployment
Price stability	a low and stable rate of inflation
External stability	a favorable balance of payments position.
Income distribution	an equitable distribution of income

2.       Diagram, illustrate the classic and Keynesian viewpoint

Look at paper

3.       Create a chart that demonstrates expansionary demand side policies (divided into interventionist and market based)

Demand-

Decrease tax

Increase government spending

Decrease in interest rates

increase in money supply

Interventionist supply side policies (keynsisian)	Market based supply side policies (classic)
Investment in human capital (education) (training)	Reduction in household income taxes
Research and development Tax incentives, enforcing intellectual. Property rights or research and development in universities	Reduction in corporate taxes
Provision and maintenance of infrastructure	Labor market reform 1)reduce trade union power 2) reduce or eliminate minimum wage 3) reduce unemployment benefits
Direct support for businesses/industrial policies Anti trust laws, helping small/medium sized firms become established and grow	Deregulation
	Privatizing
	Policies to increase competition