Topic Two (5.2): Macroeconomic Aims of Government

In this topic you will study the following:

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For this topic you will need to work through pages 126 to 129 in your course book.

Key Points

Please pay attention to the fact that governments in all countries have similar macroeconomic aims, although the priorities may be different from one country to another.
You will need to understand the common objectives of full employment, stable prices, economic growth, fair income distribution and international trade, and why these are priorities.
You will also learn that when pursuing these aims, there may be times when conflicts between them arise, and trade-offs will need to be accepted.

Please study the following resources:

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