Economics
Student Videos
Evaluating Supply-Side Policies
- Level:
- AS, A Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 May 2017
This video of a live revision webinar for AS macro evaluates supply-side policies designed to improve macroeconomic performance and address structural policy problems. The main focus is on the UK economy.
Main aims of supply-side policies
- Improve incentives to look for work and invest in people’s skills
- Increase labour and capital productivity
- Increase occupational and geographical mobility of labour to help reduce the rate of unemployment
- Increase investment and research and development spending
- Promote more competition and stimulate a faster pace of invention and innovation to improve competitiveness
- Provide a strong platform for sustained non-inflationary growth
- Encourage the start-up and expansion of new businesses / enterprises especially those with export potential
- Improve the trend rate of growth of real GDP to help support improved living standards and regional economic balance
- Improve the trade balance in goods and services
- Increase per capita incomes to help progress in cutting poverty and lifting living standards
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