About This Chapter
Microeconomics & The Government - Chapter Summary
Feel confident in your understanding of microeconomics and the government by exploring the informative lessons in this self-paced chapter. Lesson instructors present the materials in a clear and engaging manner that ensures you fully comprehend anti-trust legislation, privatization, the U.S. tax code and much more. If you develop questions during your review of this chapter, feel free to send them to our experts. Mini quizzes and a practice exam can test your understanding of the lessons and make sure you're ready for an exam. When finished, you should be able to:
- List types of regulation, deregulation and privatization
- Discuss the cost and benefits of regulation in business
- Explain the business effects of regulatory restrictions and compliance
- Define a regulatory agency and discuss its role and impact on business
- Identify and describe types of major U.S. federal regulatory agencies in business
- Detail the government's non-regulatory influence on business
- Share ways the economy is impacted by fiscal policy and monetary policy
- Explain how trade barriers impact prices and demand
- Discuss types of taxes and their impact on microeconomics
- Provide details about governmental regulation and deregulation of the economy
- Examine the circular flow of economic activity
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
Few business activities are not subject to the watchful eye of regulators. In this lesson, you'll learn about regulatory agencies, including their role and impact on business. A short quiz follows the lesson.
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
Governments often intervene in their economies in an attempt to maintain economic stability. In this lesson, you'll learn about fiscal and monetary policies, including what effect they can have on a national economy. A short quiz follows.
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
Learn about the simple model used to describe where money goes and what it is exchanged for in a market economy. The circular flow model of economic activity shows you the basic relationships between households, firms and the government.
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Other chapters within the UExcel Introduction to Microeconomics: Study Guide & Test Prep course
- Microeconomics Basics
- Overview of Supply & Demand in Microeconomics
- Microeconomics & Consumer Behavior
- Producers & Production in Microeconomics
- Business Structures & the Economy
- Accounting & Economics
- Economic Market Structures
- Scarce Economic Resource Markets Basics
- Business Technology & Development
- Studying for UExcel Introduction to Microeconomics
- UExcel Introduction to Microeconomics Flashcards