Policy Analysis is the process of identifying potential policy options that could address your problem and then comparing those options to choose the most effective, efficient, and feasible one.
Economic policy refers to the actions that governments take in the economic field. It covers the systems for setting interest rates and government budget as well as the labor market, national ownership, and many other areas of government interventions into the economy.
Colleges and Universities Offering Master of Science in Economic Policy Analysis and Management in Ghana:
GIMPA
Course duration: 2 Years
What are examples of economic policies?
Examples of economic policies include decisions made about government spending and taxation, about the redistribution of income from rich to poor, and about the supply of money.
The effectiveness of economic policies can be assessed in one of two ways, known as positive and normative economics.
What are the benefits of policy analysis?
Policy analysis plays an important role in helping to define and outline the goals of a proposed policy and in identifying similarities and differences in expected outcomes and estimated costs with competing for alternative policies.
What are the steps in policy analysis?
Verify, define and detail the problem.
Establish evaluation criteria.
Identify alternative policies.
Assess alternative policies.
Display and distinguish among alternatives.
Implement, monitor, and evaluate the policy.
What are the 5 stages of the policy making process?
Agenda building. Before a policy can be created, a problem must exist that is called to the attention of the government.
Formulation and adoption.
Implementation.
Evaluation and termination.