About This Chapter
Government Issues in Microeconomics - Chapter Summary and Learning Objectives
To manage our national and international markets, the government creates regulations to monitor trade and protect consumers. All of these regulations significantly impact taxes, the growth of various industries, and our ability to trade with competitors. As industries change and as lobbyists promote deregulation, the changes to anti-trust legislation could massively alter the marketplace and the way the U.S. trades with other countries. Upon completing this chapter, you should have a fuller understanding of the following:
- Trade barriers
- Anti-trust laws
- The U.S. tax code
- Regulation measures
- Deregulation considerations
|Trade Barriers: Impacts on Prices & Demand||Describe the concept of trade barriers and show their influence over demand and prices.|
|Types of Taxes & the U.S. Tax Code: Impact on Microeconomics||Examine and define the various types of taxes, review how taxes affect microeconomics, and thoroughly explore the U.S. tax code.|
|Anti-Trust Legislation in the U.S.: History & Impact on the Economy||Go over the major cases and history of anti-trust legislation, and then talk about the current state of anti-trust law.|
|Governmental Regulation & Deregulation of the Economy||Analyze U.S. trends in connection to regulation and deregulation, determine how regulation and deregulation impacts the economy, and then identify the effects that result directly from increases or decreases in government regulation.|
1. Types of Regulation, Privatization, & Deregulation
Government can monitor, control and manage business through different types of regulation. In this lesson, you will learn about the two specific categories of regulation and how privatization and deregulation impacts business.
2. The Cost and Benefits of Regulation in Business
Regulation is often seen as a negative by most American businesses. In this lesson, you will learn both the costs and benefits of regulation in the corporate world.
3. The Business Effects of Regulatory Restrictions & Compliance
Did you know that regulatory restrictions and compliance have direct effects on business? The effects can be positive or negative, and as is the case with anything related to government, it's often politicized.
4. Regulatory Agencies: Definition, Role & Impact on Business
There are few business activities that are not subjected to regulatory agencies. Explore the definition and role of regulatory agencies, how these agencies implement and enforce laws, and the impact of regulatory agencies on business.
5. Major U.S. Federal Regulatory Agencies in Business: Types, Functions & Authority
In order to ensure that U.S. corporations are maintaining ethical business practices, the federal government has established regulatory agencies to protect employees, customers and the general public. This lesson explores major regulatory agencies and their functions.
6. Government's Non-Regulatory Influence on Business
The government's non-regulatory influence on business can be just as effective as regulatory methods. In this lesson, you will learn numerous ways government can impact companies' productivity and profitability.
7. How Fiscal Policy and Monetary Policy Affect the Economy
To promote economic growth, the government has fiscal policies regarding government's taxation and spending, as well as monetary policies regarding the money supply and interest rates. Explore the business cycle, learn how fiscal policy and monetary policy affect the economy, and understand the role of the Federal Reserve.
8. Trade Barriers: Impacts on Prices & Demand
All countries desire trade as a way of increasing their wealth, but very often they want it on their own terms. This lesson looks at the trade barriers that many countries establish, as well as the effects of such limitations.
9. Types of Taxes & the US Tax Code: Impact on Microeconomics
I know what you're thinking - it's bad enough I have to pay taxes, now why would I want to sit through a lesson on them. However, understanding more about taxes may help you convince the government that you don't need so many of them...
10. Anti-Trust Legislation in the US: History & Impact on the Economy
For more than 100 years, a constant worry has been trying to figure out how big businesses should be allowed to grow. This lesson takes a look at a specific type of business, trusts, and trust busting.
11. Governmental Regulation & Deregulation of the Economy
Government regulations affect all aspects of the economy. However, some sectors are subject to specific regulations due to their importance. This lesson explores the purposes and methods of economic regulation and deregulation.
12. Circular Flow of Economic Activity: The Flow of Goods, Services & Resources
The circular flow model of economic activity is used to explain the relationship between businesses, households, and the government. Learn about the flow of goods and services in a market economy, the factors of production, and how the circular flow model of economic activity applies to real-world situations.
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Other chapters within the Economics 101: Principles of Microeconomics course
- Introduction to Microeconomics
- Supply and Demand in Microeconomics
- Consumer Behavior & Microeconomics
- Producers in Microeconomics
- Business Structures & Barriers to Entry
- Accounting & Economic Costs
- Market Structures in Economics
- Scarce Economic Resource Markets
- Business Technology, Research & Development
- Studying for Economics 101