Economic objectives

In this lesson

1. 0:00 Economic objectives overview
2. 0:10 Defining and achieving economic growth
3. 0:46 Government intervention for growth
4. 2:49 Full employment and its benefits
5. 3:49 Expansionary policies explained
6. 4:26 Inflation's role in the economy
7. 5:24 Controlling inflation with policy
8. 6:45 Balance of payments and trade

About this lesson

We break down the four core objectives: economic growth (increasing goods and services per capita through productivity and investment), full employment (maximising job availability to reduce poverty and social costs), stable inflation (maintaining moderate price increases to encourage spending and growth), and a healthy balance of payments (managing imports versus exports to protect the economy). You'll discover the policy tools governments use to achieve each objective—from expansionary measures like increased spending and lower interest rates to contractionary approaches like tax rises and higher rates—and understand how these interconnect as part of the economic cycle. This foundation is vital for Strategic Business Leader, Performance Management, and other strategy-focused papers where you need to analyse how macro conditions shape business decisions.

Duration: 8m