Microeconomics Examples???? (1 Viewer)

[riad]

does any1 know any recent examples of how a microeconomic policy has been implemented...4 example da whole stevendore thingy.....i was told u needed 2 use examples 4 da essay

 

[Exeter]

labour market dereg, financial market dereg(although may be a bit old),
its pretty much anything thats not macro!

 

[saves.the.day]

adding to that.. taxation reform (i.e intro of gst, and reduction of income tax for higher income groups)

 

[timmii]

microeconomics aims to make markets more efficient. So anything that has done that cna be included.

competition reform - ACCC, privatisation/corporatisation of govt monopolies, allowing Non-banking financial institutions to offer mortgages, allowing more telephone companies...

taxation reform - greater incentives to work, reduce distrotions caused by taxation (particulalry wholesale taxes ---> GST)

labour market reform - reduce frictional unemployment by privatrising jobsearch agencies to improve efficiency/increase competition. You can go to monster.com.au, seek.com.au, mycareer.com.au etc etc...before the govt was the only agency. Also enterprise bargaining, decentralised wage system (very few minimum wages), erosion of union power, move towards individual workplace agreements...

 

[Blondie]

prices and incomes policy?

 

[TastesGoodBut]

yeh that Prices and Incomes comes into it to a certain extent.... wage tied with production....

 

[jumentous]

Car industry - No longer govt supported
Dairy industry - no longer govt supported
airline industry - 2 airline policy abolished

just about anything that was government supported and has become self-suficient