ECOCB 535 SDSU The Economics Role in Shaping Public Policy Discussion

REFLECTION

This reflection activity is comprised of two sections. Complete your reflection by responding to all prompts.

The Role of Economics in Shaping Public Policy

Analyze how economics plays a vital role in shaping public discussion in the following policy areas:

Household taxation

Business taxation

Import taxation (tariffs)

Provide 1 example of each of the discussions you analyzed above and how that example plays out in your life and career (for the career focus on business).

Factors of Production

Innovation and physical capital are two of the four factors of production. Analyze specific ways that 1 of the following laws increased the productivity of innovation and physical capital:

1862 Pacific Railway Act

1956 Federal Aid Highway Act

1946 Federal Airport Act

Now that you have considered how a law can increase the productivity of innovation and physical capital, address the following:

Describe 3 other examples of economic concentration.

What are the risks and advantages to economic concentration?

How has economic concentration influenced your industry?

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