Macro-economic Policies Further Economic Constraints…

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28 Οκτ 2013 (πριν από 3 χρόνια και 7 μήνες)

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Saturday, 17 October 2009
Business Studies [9707]
Macro-economic Policies
Further Economic Constraints…
Saturday, 17 October 2009Macro-economic policies
￿
Fiscal policy:
￿
Government expenditure: raise direct/indirect
taxes, reduce government spending
￿
Monetary policy:
￿
rate of interest, supply of money
￿
Exchange rate policy
Saturday, 17 October 2009Further economic constraints…
Labour market
Labour market
￿
Definition
Factors affecting demand for labour:
￿
Demand for certain products
￿
Wage rate
￿
Labour-saving alternatives
Factors affecting supply for labour:
￿
Size of population
￿
Percentage of population above working age
￿
Wage rate
Government intervention : minimum wage
￿
X:
￿
inflation
￿
higher wage claims
￿
reduce the competitiveness
Saturday, 17 October 2009Class Activity [any unfinished work
remains as hw!]
￿
Read pp 81-87 and extract important ideas
￿
Solve Activity [1-3] from p pp 86-87
￿
Read pp 89-91
￿
Extract ideas from ‘EU working time
directives’from p 91