Government Budget, Taxation and Fiscal policy 'ppt' IGCSE - Economics & Business Studies

Complete Lesson.
Topic: Government Budget, Taxation and Fiscal policy ‘ppt’, ** IGCSE Economics and Bus Studies syllabus. With these resources, I have consistently produced As, As, and Bs. You can replicate my results with my up-to-date notes. Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ ‘Questions with Answers.’
Lesson Objectives;
Objectives;
Definition of the government budget. Reasons for government spending: The main areas of government spending. Reasons for taxation: reasons for and effects of spending in these areas. Taxation as the main source of government revenue and the reasons for levying taxation. Classification of taxes: progressive, regressive, proportional; and direct, indirect.
Principles of taxation: The qualities of a good tax. Impact of taxation: on consumers, producers, government and economy as a whole.
Definition of fiscal policy. Fiscal policy measures: The tax and spending changes, in the form of fiscal policy, that cause budget balance or imbalance. Including calculations of the size of a budget deficit or surplus.
Effects of fiscal policy on government on macroeconomic aims. How fiscal policy measures may enable the government to achieve its macroeconomic aims. Note: aggregate demand and aggregate supply are not required.
‘Class Activities’ and ‘Multiple Choice Questions with Answers.’