Topic 6: Introduction to Economic Policy
Key Points
- Understand the difference between monetary and fiscal policy
- Learn about the structure of the Federal Reserve System
- Understand the dual mandate of the Federal Reserve
- Know the major components of federal budget
- Understand the federal budget making process
- Distinguish between federal deficits and the federal debt
- Know the spending components of aggregate demand
Videos
Monetary Policy Overview
Monetary Policy Goals - Full Employment
Monetary Policy Goals - Inflation
Fiscal Policy Overview