{"id":357,"date":"2024-05-30T03:23:27","date_gmt":"2024-05-30T03:23:27","guid":{"rendered":"https:\/\/course.oeru.org\/maec102\/?page_id=357"},"modified":"2024-05-30T03:23:27","modified_gmt":"2024-05-30T03:23:27","slug":"start-introduction-to-fiscal-policy-challenge","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/maec102\/learning-pathways\/fiscal-policy\/start-introduction-to-fiscal-policy-challenge\/","title":{"rendered":"Start &#8211; Introduction to Fiscal policy challenge"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">\n<p>\n<\/p>\n<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"summary\" src=\"https:\/\/course.oeru.org\/maec102\/wp-content\/themes\/oeru_course\/idevices\/Icon_summary.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Challenge summary<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"100px\"><b>Summary<\/b>:<\/td>\n<td>Reflections on the uses and limits of fiscal policy<\/td>\n<\/tr>\n<tr>\n<td>\n<div class=\"floatleft\"><a href=\"https:\/\/wikieducator.org\/File:Time7.svg\" class=\"image\"><img loading=\"lazy\" decoding=\"async\" alt=\"Time7.svg\" src=\"\/\/wikieducator.org\/images\/thumb\/8\/88\/Time7.svg\/30px-Time7.svg.png\" width=\"30\" height=\"30\" class=\"img-responsive\"><\/a><\/div>\n<\/td>\n<td>1 &#8211; 2 hours<\/td>\n<\/tr>\n<tr>\n<td>\n<div class=\"floatleft\"><a href=\"https:\/\/wikieducator.org\/File:Font2.svg\" class=\"image\"><img loading=\"lazy\" decoding=\"async\" alt=\"Font2.svg\" src=\"\/\/wikieducator.org\/images\/thumb\/e\/e5\/Font2.svg\/30px-Font2.svg.png\" width=\"30\" height=\"30\" class=\"img-responsive\"><\/a><\/div>\n<\/td>\n<td><a href=\"https:\/\/wikieducator.org\/Macroeconomics_monetary_policy\/Assessment_options\" title=\"Macroeconomics monetary policy\/Assessment options\">Linked to assessment<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Understanding what fiscal policy tools governments have access to and the limits of these tools.\n<\/p>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p>\n<\/p>\n<h2><span class=\"mw-headline\" id=\"Start_here\">Start here<\/span><\/h2>\n<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"web resources\" src=\"https:\/\/course.oeru.org\/maec102\/wp-content\/themes\/oeru_course\/idevices\/Icon_inter.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Stimulus resources<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<ol>\n<li> Chapter 9: Fiscal Policy from <a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/learn.saylor.org\/mod\/page\/view.php?id=7682\">John Petroff&#8217;s &#8220;Macroeconomics&#8221;<\/a> text book, which provides definitions and insights into the key methods of effecting the macroeconomy that governments have in their toolkit.\n<\/li>\n<li> Follow up by reading <a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/learn.saylor.org\/pluginfile.php\/31575\/mod_resource\/content\/2\/ECON102-VeronicaGuerrieri-FiscalPolicy-CCBYNCSA.pdf\">MIT: Veronica Guerrieri&#8217;s &#8220;Principles of Macroeconomics, L18-L19: Fiscal Policy&#8221;<\/a>lecture notes.\n<\/li>\n<li> Knowledge acquired through watching of <a rel=\"nofollow\" class=\"external text\" href=\"http:\/\/wikieducator.org\/Macroeconomics_activity_and_demand\/Issues_around_fiscal_policy\">these videos<\/a> on the issues around fiscal policy.\n<\/li>\n<\/ol>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p>\n<\/p>\n<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"objectives\" src=\"https:\/\/course.oeru.org\/maec102\/wp-content\/themes\/oeru_course\/idevices\/Icon_objectives.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Purpose<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<p>While we often have the impression that economic policy and governments should and could &#8220;fix&#8221; the economy, the reality is that all policy has limitations. The goal of this challenge is to:\n<\/p>\n<ul>\n<li> Understand what tools governments have at their disposal.\n<\/li>\n<li> Understand the limitations of these tools.\n<\/li>\n<li> To use this understanding to analyze real world case studies.\n<\/li>\n<\/ul>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.042 seconds\nReal time usage: 0.050 seconds\nPreprocessor visited node count: 372\/1000000\nPreprocessor generated node count: 1157\/1000000\nPost\u2010expand include size: 8927\/2097152 bytes\nTemplate argument size: 3571\/2097152 bytes\nHighest expansion depth: 8\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:183076-0!*!0!*!*!2!* and timestamp 20240529225102 and revision id 1043477\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/maec102\/learning-pathways\/fiscal-policy\/summary\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/maec102\/learning-pathways\/fiscal-policy\/tasks-fiscal-policy-challenge\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div id=\"wenote-ids\"><script type='text\/javascript' id='wenotes-ids'>\n    var WEnotesSite = \"https:\/\/wikieducator.org\";\n    var WEnotesPath = \"\/Macroeconomics_activity_and_demand\/fiscalpolicy\/E-activity-start\";\n    var WEnotesSiteID = \"0e3d258fbd36841f92259eefcd41d5e9\";\n    var WEnotesPathID = \"09dc324a9f8ccd815f054434dbc9e679\";\n    var WEnotesIDs = { site: \"https:\/\/wikieducator.org\", path: \"\/Macroeconomics_activity_and_demand\/fiscalpolicy\/E-activity-start\", site_id: \"0e3d258fbd36841f92259eefcd41d5e9\", path_id: \"09dc324a9f8ccd815f054434dbc9e679\" };\n<\/script><\/div>\n<\/div>\n<footer><\/footer>\n","protected":false},"excerpt":{"rendered":"<p>Start here \u2190 Previous Next \u2192<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":343,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-357","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/comments?post=357"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/357\/revisions"}],"predecessor-version":[{"id":358,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/357\/revisions\/358"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/343"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/media?parent=357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}