Can Governments Solve Social and Economic Problems

Can Governments Solve Social and Economic Problems? : 

Can Governments Solve Social and Economic Problems?

What is a Social Problem : 

What is a Social Problem

What is an Economic Problem : 

What is an Economic Problem

Tasks for you : 

Tasks for you To go with Chapter 16 of Economics and Multiple choice on macroeconomic problems. List 3 Social Problems List3 economic problems For 1 social problem explain how a government could try and solve it. How might a government try and reduce the variations in the wealth of regions. Monetary Policy This involves the setting of Interest Rates on Money borrowed to control the economy. Why might a Central bank : Raise interest rates Lower Interest Rates Read Chapter 13 Macroeconomic Problems Try the Multiple choice questions and Data Response

What Must Governments Do to Ensure Economic Growth : 

What Must Governments Do to Ensure Economic Growth What is economic growth? What is GDP? What would be a good percentage growth rate for a country? Can you have negative growth rates? Why might standard of living fall even if you have a positive growth rate? What has been the growth rate for India and China in the last Decade? Has there been a price to pay for this growth rate. Should this price be accounted for?

So What Issues do we need to cover : 

So What Issues do we need to cover What does it actually mean by growth. GDP= Gross Domestic Product The amount of goods and services produced by a country. Normally shown per capita REAL GDP growth rate shows rate after things such as inflation and population growth are taken into account. NOMINAL is growth alone. Have a go at some of the multiple choice questions to see this.

Growth and Resource Use : 

Growth and Resource Use Growth uses resources, especially when based on industrial output as is China. The massive growth fuelled huge rises in resource prices from 2004 to 2008. What happened next?

Supply and Demand Curves : 

Supply and Demand Curves Diagram showing how price changes as demand increases

Explain what happens as a result of this cartoon : 

Explain what happens as a result of this cartoon

Can Growth be sustainable?Sustainability will involve aspects relating to Productivity, Innovation and use of Renewables : 

Can Growth be sustainable?Sustainability will involve aspects relating to Productivity, Innovation and use of Renewables

Externalities and Market Failure : 

Externalities and Market Failure This is all about the effects of an economic decision on a third party You can have negative or positive externalities. Which is which and why?

Who Should save the Planet : 

Who Should save the Planet If we agree that increased CO2 levels are causing global warming, and that companies and individuals are not paying for this externality what can be done to make them reduce levels of output? Internationally Nationally Individually

Slide 13: 

What about this?

The Stern : 

The Stern The Stern Review found that the world faces an economic collapse on the level of a world war or a depression if climate change is not averted

Possible Economic Solutions : 

Possible Economic Solutions Kyoto protocol assigned levels that members who signed should stick too. A system of Carbon Credits and carbon offsetting was put in place. One such one was the ETS

What about the Individual : 

What about the Individual How can governments encourage people to emit less CO2. Give examples if possible. There are ways you can individually offset your carbon. One example would be to pay a green tax on your air flights. This would be used to plant sustainable forests. Would you do this?