AS 91227 · 6 credits · Internal
Government policy interaction
Analyse how government policies and contemporary economic issues interact
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You need to examine a government policy and a real economic problem, then explain how the policy affects that problem directly and what other economic problems it creates as side effects. You'll use economic graphs and models to support your analysis, showing how the policy's impacts ripple through the economy.
What to do, grades and common mistakes
- ·Identify a specific government policy (like interest rate changes, tax changes, trade rules, or business regulations) that tries to solve one economic problem
- ·Use an economic model (like supply and demand graphs, or another relevant diagram) to explain exactly how that policy directly impacts the main economic issue
- ·Trace the flow-on effects of that policy on at least two other economic issues and explain these using economic models
- ·For Merit and Excellence, explain these connections in more depth and show how different policies could work together to solve problems without causing as many negative side effects
You describe a government policy targeting one economic issue, use an economic model to explain its direct impact, and identify flow-on effects on two other issues.
You provide detailed explanations of both the direct impact and the flow-on effects using economic models, showing how the consequences spread across the economy.