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IB Economics HL 3.7 Supply Side Policies Questions

Evaluate supply-side policies using productive capacity, incentives, productivity, employment, growth, inflation and distributional effects.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

Exam points

  • Explain the goals of supply-side policies, including higher productive capacity, lower unemployment and improved efficiency.
  • Distinguish market-based and interventionist supply-side policies and explain their effects on incentives, costs, productivity and long-run aggregate supply.
  • Analyse interactions between demand-side and supply-side policies and evaluate policy effectiveness, trade-offs, implementation constraints and distributional impacts.

Covered syllabus points

3.7.1—Goals of supply-side policies3.7.2—Market-based supply-side policies3.7.3—Interventionist supply-side policies3.7.4—Demand-side and supply-side interactions3.7.5—Effectiveness of supply-side policies

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