Supply Side Policies

what are government supply side policies? Some examples discussed and evaluated and the impact shown on an AD/AS diagram.

Category:

Education

Tags:

• economics
• a-level
• macro
• macroeconomics
• government
• policy
• objectives
• labour
• labor
• demand
• supply
• aggregate

[Fanhole123]

my grandmother is called pajyma, you clearly copied her name. You may be good at economics but we held a conference and decided that you stole her name.

[pajholden]

@Fanhole123 She just copied the name of her favourite nightwear. Nothing in this world is original.

[ivanjrt]

Very honest, hard working, pasionate man, but I disagree with most everything he says. His keynesian way of thinking sounds good to anyone who has studied in public schools. Of course, if you have studied other economic theories, you know better. It is still fun to see his videos, I love economics after all.

[pajholden]

@ivanjrt Thank you, though for your information I went to an average comprehensive school in South London. Not a fee paying school. I was sufficiently average to qualify for a grant from the local authority to get me through university (Lancaster then Bath for my postgrad). Of course I have studied other economic theories. I don't advocate any one theory, as you would notice if you had watched - not just 'seen' my videos.

[ivanjrt]

You seem unbiased to most people but in my prespective, you are somwhat biased toward Keynesian ideas. Example; decreasing minimum wage as a supply side policy, you didn't take possition on this issue but you stated that some would say this is an unfair wage for low skill workers and you didn't mention any free market apporach arguments regarding wage theory. What I'm trying to say is you do bring up different arguments but not much of the Austrian theory. What theory do you personaly adhere to?

[pajholden]

@ivanjrt No I didn't mention the Austrian view. Nor did I mention the Marxist view, or several others. What I did do is show how some pro-market observers would welcome increased flexibility of labour markets via the removal of legislation to give market forces room to breathe while evaluating that view with the notion that such policy could leave low-skilled workers vulnerable to exploitation, thus covering the majority of views. There isn't time for minority views like Austrian or Marxist etc.

[GreatBritishGal]

you are one awesome person, how on earth did you know my AS macroeconomics was coming up in less than 3 weeks??

[ACE001994]

WOOOW that video helped me out so much. I wish you could be my private tutor :)

[N330AA]

@N330AA Oh you did actually mention these right at the end. :)

[N330AA]

Shirley tax cuts and regulation relaxation are the primary examples of SSE?

[clum720]

epic find if your studying economics for A level :) and @ivanjrt... no one wants to hear it, go find a video that suits you instead of being obnoxious on this one.

[RKTheMauritian]

Your videos are increasing the supply of potential economists.

[snavemailliw]

Thanks a lot for the great video :D Got my A2 exam tomorrow.

[gulbirk]

Would you say that the private market can in certain cases drive the price up? To me, it seems as if an insurence company that has 30% profit (30% of the money you pay for insurence does not go to covering expenses) will become more expensive simply because it is private.

[Conormcarey]

hero

[33ella]

@pajholden I already have you added in Facebook .Please send me the worksheet :) thank you so much .