Fast Track To Speech&DebateWith the Use of Economics
Economics
"The science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind."
Speech and Debate
A discussion, as of a public question in an assembly, involving opposing viewpoints: a debate in the Senate on farm price supports.
A formal contest in which the affirmative and negative sides of a proposition are advocated by opposing speakers.
Relate Economics to Speech and Debate
1. Use of policies to solve tasks
2. Strengthen own arguments
Two Types of Policies
1. Fiscal Policy
Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.
2. Monetary Policy
Monetary policy consists of the actions of a central bank, currency board or other regulatory committee that determine the size and rate of growth of the money supply, which in turn affects interest rates.
Expansionary: deals with recession
Contractinary: deals with Inflation
Fiscal policy
Expansionary
Increase government spending
Decrease taxes
Contractionary
Decrease government spending
Increase taxes
Monetary policy
Expansionary
Buy bonds
Decrease interest rate
Contractionary
Sell bonds
Increase interest rate
Examples
1. The government is building a new research program on environment protection.
2. The United States is increasing the military power
