Chapter 16: Government and Economy

Study Plan

In this chapter, we will:

• look at the goals of economic policy. These include promoting stable markets, promoting economic prosperity, promoting business development, and protecting employees and consumers. We then examine four schools of economic thought that government officials have relied on as they formulate priorities and strategies for economic policy.
• classify and review the tools of economic policy. Our discussion will focus on four major categories: monetary policies, fiscal policies, regulatory policies, and subsidies and contracting.
• assess the politics of economic policy making. We will look at the debate among political leaders over the priorities of economic policy and the role that interest groups play in that debate. We will also examine whether economic policies serve special interests or the public interest.
• examine the environment and the economy. Although environmental goals have intersected with economic policy concerns in the past, concern about global warming has brought new prominence to this issue. We will examine the profound economic consequences and opportunities posed by global climate change.
• conclude by looking at how citizens can evaluate the ways that economic policies affect them.

As you work through the below assignments, don't forget to generate a Progress Report. Fill out the sections you have completed and send a copy to your email account.

Organize

1. Follow this Study Plan to access your chapter assignments.
2. Print out the Chapter Outline and bring it to lecture to help structure your note-taking and check-off topics covered in class.
3. Access Quiz+! The results of this chapter quiz create a Custom Study Plan that links you directly to materials that will assist your pre-exam review.

Learn

1. Read Chapter 16 in your textbook or ebook.
2. Read the Chapter Review of Chapter 16. Note any material you have difficulty remembering from the text.
3. Master the key terms for this chapter by working through the deck of Flashcards.

Connect

1. Explore the Interactive Politics Simulation and the questions that follow.
2. Complete the You Decide Exercise after reading the Policy Debate box in Chapter 16 of your textbook or ebook.
3. Answer the Questions for Discussion and Thought and articulate your own point of view on the chapter's material.
4. Complete the What Government Does Exercises to understand the structure of American government and how it affects your life in a direct way.
5. Complete the Get Involved Exercise to see how you can use what you have learned in this chapter to effect change in politics and policy.
6. Watch the Video Exercises for this chapter and answer the accompanying questions.
7. Mobilize for political action with Mobilize.org!

Links

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