Lecture Notes for POLS 2302 - American Public Policy: Online Only at Texas Tech (TTU)

Notes Information

Material Type:Class Note
Class:POLS 2302 - American Public Policy: Online Only
University:Texas Tech University
Term:Fall 2009
  • Public Health Programs
  • Fee Schedule
  • Conservatives
  • Prescription Drugs
  • Entitlement
  • Disease Control
  • Initiatives
  • Temporary Assistance for Needy Families (tanf)
  • Chronic Disease
  • Child Support
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Sample Document Text

Chapter 7 - Economic and Budgetary Policy Importance of Economic Policy . Economic Policy is ? a central concern of government ? a by product of many other policies ? impacted by other government policies Goals of Economic Policy . Economic Growth ? increase in production of goods and services each year (GDP) ? Benefits ? tax revenues increase ? aid (or programs) I the redistribution of resources ? a "zero-sum society" ? occurs when little growth . no program gains or resources from one taken to give to another ? redistribution of wealth causes more conflict . Full Employment ? jobs can substitute for social welfare programs ? unemployment influces budgets ? unemployment not distributed evenly (ex. Race and age) ? change in job sectors (different jobs, more two income households) ? table 7-1 . Low Levels of Inflation ? an increase in cost of goods and services (affects all citizens) . Positive Balance of Trade ? typically negative ? reasons ? oil import ? consumption of foreign pr...

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