IB/A2 Economics – Macroeconomic policies essay

With the mid-year exams next week here are a couple of mindmaps I produced using OmniGraffle (Apple software). I found it a useful starting point for students to discuss the effectiveness of each policy and the conflicts within macro objectives. This is a very common essay question in CIE Paper 4. My question would be:

What policies has the government in your country implemented since Covid-19 and how successful have they been in meeting macro economic objectives? (25)

2 thoughts on “IB/A2 Economics – Macroeconomic policies essay

  1. Dave June 17, 2022 / 10:13 pm

    This is great! But I would like to ask one question: why is income tax a supply-side policy? Isn’t it a direct tax and therefore is targeted at the demand side? Thank you!

    Like

    • Mark June 18, 2022 / 7:13 pm

      Hi Dave – thanks for your comment. I was looking at the incentive to work with lower income tax therefore supply-side. However you are right as it will impact the demand-side of the economy as well.

      Like

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