1. Outline and Explain, with examples, how Governments use Macroeconomic policy to increase Economic welfare. How successful have UK Governments been in the last 10 years and what challenges still remain?
2. Select two key Government Policy objectives and explain how either Fiscal Policy or Monetary Policy can be used to achieve these and what other factors influence the chances of success.
3. Evaluate the success of Government macroeconomic Policies to achieve both lower levels of Unemployment and lower rates of Inflation over the last 10 years.
4. Using Economic Policy analysis, outline and evaluate the possible positive and negative effects of BREXIT on standards of living in the UK.
A government can use one, all, or a combination of policies to accomplish their macroeconomic goals, i.e. sustainable growth, stable prices and stable employment.
Your analysis must focus primarily on the macroeconomic effects of the policy/policies you have chosen, with an outline of the economic theory underpinning these polices and only a marginal focus on their social, political, or environmental effects.
You should illustrate your arguments with relevant and recent economic data, and where applicable, to compare and contrast policy alternatives. Choosing the U.K., the U.S., or a Western European economy ensures higher availability of data.
