Can you give me examples of Bush's microeconomic policies?

Answer 1

The president doesn't make microeconomic policies. Microeconomic policies are the economic policies that individuals make for themselves and their housholds.

Answer 2

What Fudgey says is not really true. Individuals, households and firms make microeconomic decisions, but any policy that directly effects those decisions would be relevant to your question. A syllabus for a course called "Microeconomic Policy" gives examples: "transport, the environment, urban development, social policy and the welfare state, health and education, as well as trade policy and protectionism."

There are countless examples you could discuss, but a few that come to my mind are the "Clear Skies" initiative, and the tariffs he raised on steel. Pretty much any policy at all that has some sort of effect on individual economic decisions, rather then the money supply, interest rates, overall growth and taxation, etc.

Answer 3

Selling of banks is not micro economics. The activities of the Grameen bank , founded by Dr Mohammed Yunus Salim of Bangladesh or the NABARD bank of India can be termed as microcredit movements. Microcredit deals with financial activites of small groups of persons with their household incomes. From wikipedia: Microeconomics (from Greek prefix micro- meaning "small" + "economics") is a branch of economics that studies the behavior of how the individual modern household and firms make decisions to allocate limited resources.[1] Typically, it applies to markets where goods or services are being bought and sold. Microeconomics examines how these decisions and behaviours affect the supply and demand for goods and services, which determines prices, and how prices, in turn, determine the quantity supplied and quantity demanded of goods and services.[2][3] This is a contrast to macroeconomics, which involves the "sum total of economic activity, dealing with the issues of growth, inflation, and unemployment.[2] Microeconomics also deals with the effects of national economic policies (such as changing taxation levels) on the before mentioned aspects of the economy.[4] Particularly in the wake of the Lucas critique, much of modern macroeconomic theory has been built upon 'microfoundations' — i.e. based upon basic assumptions about micro-level behavior. Regards, S.Suresh, Trichy.