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Public Policy Analysis Exam With Complete Solutions
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Public Policy Analysis Exam With Complete Solutions
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Public Policy Analysis Exam 2024-2025With Complete Solutions
Define Public Policy - What government chooses to do and not do. Majority
of the time, America chooses to do nothing.
Public Policy vs. Private Policy - Public Policy: Issues that the government
thinks must be addressed
Private Policy: Policies within the home, workplace, or university.
Give examples of public policy - Laws, Regulations, Executive Orders,
Programs, Budgets, Court Decisions
Public Administration - The business and operations of government and its
institutions.
Ex. The Executive Branch, then the cabinets, then the agencies.
Politics - Exercise of power in society or in specific decisions over public
policy. Is the principle reason for why public policy is difficult to analyze.
Who gets what, when, and how.
, Policy Analysis - Examining the components of public policy, the policy
process, or both.
Market Driven Society - Looks to private market to solve problems, and
government solutions are the last resort.
Market Failures - Markets are private transactions between parties, and a
market failure occurs when the private market is ineffective .
Existence of monopolies and oligoplies - A form of market failure, and
leaves the consumer without a choice.
Cable/Gas/Water companies are forms of natural or technical monopolies.
Externalities - A market failure where the decisions and actions of those
involved in the market exchange that affect other parties (a 3rd
party/external party) negatively or positively
Negative externality: The consumer and natural gas companies have a
transaction. The pollution that is produced by the natural gas company to
fulfill the need of energy to the consumer produces pollution. This affects
the community near the natural gas plant, thus harming a 3rd party.
Positive externality: A student attending college with government grants
and financial aid. The student receives financial aid. Society (3rd party) is
benefited because employers have more qualified workers, students can
enter the work-force at a higher level, and this results in spending which is
good for the economy.
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