HECOL300 Lecture Notes - Lecture 13: Atb Financial, State Ownership, Canada Deposit Insurance Corporation

• School: University of Alberta
• Department: Human Ecology
• Course: HECOL300
• Professor: Janet Fast

Document Summary

Once a policy problem is de ned, you need to choose the right policy instrument(s) The means, or course of action by which goals are pursued. Sermons (information: attempt to persuade receivers to behave according to information provided, not by force; encouragement, would like people to do it, but if not there is not a huge concern. Make it more or less costly to behave in a particular way: give/take away material resources or make it cheaper or more expensive to pursue actions. Sticks (regulations: rules and directives requiring receivers to act accordingly. Policy instruments on a continuum from least to most coercive: do nothing. Some would argue that this is not really a policy instrument or tool: self-regulation. Delegating authority to regulate behaviour to a third party (often professional/trade organizations: exhortation. Involve expenditure (direct or indirect) of government funds in order to bring about a desired behavior. Direct payments/transfers such as grants, loans, loan guarantees, bene t payments, etc.