 |  Macroeconomics, 9/e Campbell R. McConnell,
University of Nebraska, Lincoln
Stanley L. Brue,
Pacific Lutheran University
Thomas P. Barbiero,
Ryerson University
Fiscal Policy
After reading this chapter, you should have a good understanding of: - The central role of competitive advantage in the study of strategic management.
- The three generic strategies: overall cost leadership, differentiation,
and focus.
- How the successful attainment of generic strategies can improve a firm's
relative power vis-à-vis the five forces that determine an industry's
average profitability.
- The pitfalls managers must avoid in striving to attain generic strategies.
- How firms can effectively combine the generic strategies of overall cost
leadership and differentiation.
- The importance of considering the industry life cycle to determine a firm's
business-level strategy and its relative emphasis on functional area strategies
and value-creating activities.
The Fraser Institute
(http://oldfraser.lexi.net/publications/csr/1997/6-1/feb1997.html#content3)
Read the article "Do Tax Cuts Make Good Public Policy?" This will provide you with a good review of the supply-side effects of a tax cut (chapter 10) |
| | | Center on Budget and Policy Priorities
(http://www.cbpp.org/1-30-01bud.htm)
This website looks at the effect of tax cuts and automatic stabilizers on the U.S. economy during a recession. It contains a helpful review of some of the basic concepts of fiscal policy. |
|
2002 McGraw-Hill Higher Education