Supply-Side Policies: Labour Market Reform, Competition Policy, Deregulation and Privatisation

What this note covers

1. The Aggregate Supply Framework and the Role of Supply-Side Policy
2. Labour Market Reform: Enterprise Bargaining and Minimum Wage Changes
3. Competition Policy: Reducing Market Power and Improving Allocative Efficiency
4. Deregulation: Removing Market Restrictions to Enhance Productivity
5. Privatisation: Transferring Public Assets to Private Ownership
6. Macroeconomic Effects: Growth, Employment and the Price Level
7. Evaluation: Strengths, Limitations and the Need for Complementary Policy

7 sections · 14 key terms & formulas · 6 common mistakes