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Managing the economy

GCSE ECONOMICS: UNIT 12. Managing the economy. Supply-side policies. Starter: What do each of the three images represent?. What is meant by Fiscal Policy? What is Monetary Policy? Who decides on Monetary Policy?. Starter: What do you see!?. Starter: What do you see!?. Learning Objective.

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Managing the economy

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  1. GCSE ECONOMICS: UNIT 12 Managing the economy Supply-side policies

  2. Starter: What do each of the three images represent? • What is meant by Fiscal Policy? • What is Monetary Policy? • Who decides on Monetary Policy?

  3. Starter: What do you see!?

  4. Starter: What do you see!?

  5. Learning Objective • Understand how Supply-side policies can be used to allow the UK economy to grow faster with fewer risks of inflation

  6. Over to you… • Using the notes and any other resources complete the document titled ‘Supply-side Policies’ • It’s important that you understand how supply-side policies, in conjunction with monetary and fiscal policy, can be used to achieve the governments four main economic objectives

  7. It’s time to reflect… • Over the past few weeks of lessons we have looked in detail at Government Policies • Fiscal Policy • Monetary Policy • Supply-side policies • Produce a mini-mind map illustrating the key points about each of the three government policies

  8. Recap Questions… • What is meant by supply-side? • Give me one example of a supply-side policy and explain how it will influence the UK economy • How effective are supply-side policies?

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