Grantham ECN206 2023 January Week 3 Discussion Latest

ECN206 Macroeconomics

Week 3 Discussion

Politicians and Economic Thinking

Each week, you will be asked to respond to the prompt or prompts in the discussion forum. Your initial post should be 75-150 words in length, and is due on Sunday. By Tuesday, you should respond to two additional posts from your peers.

Politicians have a strong incentive to follow a strategy that will enhance their chances of getting elected and re-elected.  Political competition more or less forces them to focus on how their actions influence their support among voters and political contributors.

Are voters likely to be well informed on issues and the positions of candidates?  Why or why not?

Review concepts like shortsightedness and rent seeking.  What are the effects of government intervention in markets with some of the price regulations like price floors and price ceilings we discussed in chapter 4?