Foundations Of Fiscal Policy – Government Spending & Taxes

What you'll learn
Understand foundational principles of fiscal policy and its economic impact
Examine mechanisms of government revenues and expenditures
Analyze how taxation and public spending affect economic stability
Explore different forms of taxes and their implications
Study government budget deficits and surpluses in depth
Evaluate the impact of fiscal policy on inflation and unemployment
Develop critical thinking through case studies and historical examples
Requirements
No Prerequisites.
Description
Fiscal policy is a cornerstone of economic management, influencing everything from government spending to taxation and its impact on the broader economy. This course provides a comprehensive introduction to fiscal policy, offering students the knowledge and tools to understand how government decisions shape economic outcomes and affect the lives of citizens.The course begins by defining what fiscal policy is and its role in economic management. You will explore the fundamental principles of fiscal policy, including how governments use taxation and spending to influence economic activity. This foundational understanding is essential for anyone interested in how fiscal policy impacts economic growth, stability, and social welfare.A key focus of the course is on government revenue, specifically taxes and their various types. You will learn about different forms of taxation, such as income tax, corporate tax, and sales tax, and how these taxes are used to generate government revenue. This section will provide you with insights into how tax policy is designed to balance economic efficiency with social equity, and the effects of different tax structures on economic behavior.The course also delves into government expenditure, exploring the various categories of spending, including healthcare, education, defense, and social welfare programs. You will learn how governments allocate resources across these categories to achieve economic and social objectives. Understanding the strategic allocation of government expenditure is crucial for analyzing how public spending influences economic growth, reduces inequality, and promotes social welfare.The effects and applications of fiscal policy are another critical component of the course. You will explore how fiscal policy is used to stimulate economic growth, particularly during periods of economic downturn. This section will help you understand how government spending and tax policies can be adjusted to promote recovery, create jobs, and sustain long-term growth.Budget deficits and surpluses are central topics in fiscal policy, and this course covers them in depth. You will study the implications of running a budget deficit versus a surplus, and how these fiscal conditions affect national debt, interest rates, and future economic stability. This section will equip you with the knowledge to analyze the trade-offs involved in fiscal decision-making and the strategies governments use to manage budgetary challenges.The impact of fiscal policy on inflation and employment is also covered in the course. You will learn how government spending and taxation can influence inflationary pressures and unemployment rates, and how policymakers use fiscal tools to balance these economic indicators. This section will provide you with a deeper understanding of the complex relationship between fiscal policy, price stability, and labor market conditions.Throughout the course, you will develop a comprehensive understanding of the principles and practices of fiscal policy. You will gain practical insights into how fiscal decisions are made, how they impact the economy, and how they can be used to achieve economic and social goals.By the end of the course, you will have a deep understanding of fiscal policy and its applications, enabling you to critically analyze government budgets, tax policies, and spending decisions. This course is ideal for students, professionals, and anyone interested in understanding the economic and social implications of fiscal policy and its role in shaping national and global economies.
Overview
Section 1: Course Resources and Downloads
Lecture 1 Course Resources and Downloads
Section 2: Introduction to Fiscal Policy
Lecture 2 Section Introduction
Lecture 3 What is Fiscal Policy?
Lecture 4 Case Study: Navigating Economic Recovery and Fiscal Sustainability
Lecture 5 Government Revenue: Taxes and Their Types
Lecture 6 Case Study: Balancing Act: A Comprehensive Study of Econlandia's Tax Policy
Lecture 7 Government Expenditure: Spending Categories
Lecture 8 Case Study: Strategic Allocation of Government Expenditure for Economic Growth
Lecture 9 Section Summary
Section 3: Effects and Applications of Fiscal Policy
Lecture 10 Section Introduction
Lecture 11 Fiscal Policy and Economic Growth
Lecture 12 Case Study: Fiscal Policy at the Helm
Lecture 13 Budget Deficits and Surpluses
Lecture 14 Case Study: Balancing Economic Recovery and Fiscal Sustainability
Lecture 15 The Impact of Fiscal Policy on Inflation and Employment
Lecture 16 Case Study: Balancing Act: Managing Inflation and Unemployment
Lecture 17 Section Summary
Section 4: Course Summary
Lecture 18 Conclusion
Economics students seeking a deep understanding of fiscal policy,Public sector professionals involved in government budgeting,Private sector analysts focused on economic stability and growth,Policy makers looking to enhance their decision-making skills,Financial advisors aiming to broaden their knowledge of taxation,Academics researching the impact of fiscal policy on economies,Business leaders interested in strategic planning and public spending,Individuals with a keen interest in the intricacies of economic policy
Homepage

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