St Gerard's Business Website
  • Home
  • Junior Cycle Business
    • Research Resources
    • First Year >
      • Financial Resources
      • Income & Expenditure
      • Budgeting
      • Consumer
      • Ethics, Sustainability, Globalisation
      • Enterprise
      • Insurance
      • Saving & Borrowing
      • Recording Income and Expenditure
      • First Year Revision
    • Second Year >
      • Marketing
      • Government, Taxation & The Economy
      • Pay
      • Recording Income and Expenditure
      • Workplace
      • Insurance
      • International Trade, EU & Globalisation
      • Business Documents
      • CBA 1 - 2021
      • Second Year Revision
    • Third Year >
      • Double Entry Book-Keeping
      • Business Documents
      • Revision
      • CBA 2
      • Assessment Task
  • LC Accounting
    • Text Book Solutions
    • Introduction to Accounting
    • Depreciation
    • Club Accounts
    • Service Firm Accounts
    • Product Costing
    • Revaluation of Fixed Assets
    • Suspense Accounts
    • Sole Trader
    • Accounting Theory
  • LC Economics
    • Economics Exam Papers and Solutions
    • Topical Issues & Stats
    • LC Economics_Fifth Year_New Syllabus >
      • 1.2 Scarcity
      • 2.2 Market Economy
      • 2.2 Elasticity
      • 2.4 Government Intervention
      • 4.2 Fiscal Policy & Budgetary Framework
      • 4.1 National Income
      • 4.4 Price Levels
      • 5.3 International Trade & Competitiveness
      • 1.3 & 5.2 Sustainability & Globalisation
    • LC Economics_Sixth Year_New Syllabus >
      • 2.3 The Firm - Costs of Production
      • 3.1 Market Structure - Perfect Competition
      • 3.1 Market Structure - Monopoly
      • 3.1 Market Structure - Monopolisitc Competition
      • 3.1 Market Structure - Oligopoly
      • 4.5 Financial Sector
      • Revision
  • LC Business
    • Exam Papers and Solutions
    • Unit 1 >
      • People in Business
      • Consumer Conflict
      • Industrial Relations
    • Unit 2 >
      • Enterprise
    • Unit 3 >
      • Leading and Motivating (Management Skill)
      • Communications (Management Skill)
      • Management Activities
    • Unit 4 >
      • Accounting
      • Insurance and Tax
      • Finance
      • Change Managment
      • Human Resource Management
    • Unit 5 >
      • Business Ideas
      • Business Startup
      • Marketing
      • Business Expansion
    • Unit 6 >
      • Business Organisations
      • Categories of Industry
      • Business, the Economy and Government
      • Community Development
      • Social Responsibility
    • Unit 7 >
      • International Trade
      • European Union
      • Global Business
    • Revision
    • Section A Questions
  • Student Enterprise

Government & Economy

Picture

Need to Know

At the end of this section the student should be able to:
• Outline the role of the Government in the economy
• Explain, with examples, the economic tools of the govt.
        Monetary Policy
        Fiscal Policy
        Exchange Rates
        Prices and Incomes
        Direct Intervention
        Deregulation

• Outline the economic aims of the government
       Full employment
       Economic Growth
       Price Stability
       Improve Infrastructure
       Reduce Borrowing/Manage Govt Finances
       Improved Exports vs imports
       Balanced Regional Dev.
       Redistribute Wealth
• Outline, with Irish examples, conflicts between the aims of the govt
• Explain privatisation and nationalisation
• Outline advs and disadvs of privatization
• Explain, with examples, the difference between private costs and social costs

Resources

GOvernment & Economy Notes
Government & Economy - SQ
Government & Economy - Lq

Useful Links

ESRI

Videos

Milton Friedman explains his take on the role of government in a free society
Proudly powered by Weebly