Learning Objectives

  • Describe the role of federal economic policymaking and its challenges.
  • Explain the major goals associated with economic policy.
  • Describe the tools used by the Federal Reserve Board and the government to achieve positive outcomes.
  • Identify the major steps of the federal budgetary process.
  • Discuss two notable economic policies and their consequences.
  • Explain some of the critical economic issues of the day.
  • Discuss how to address the federal deficit and the ways in which to evaluate it.