Introduction to Fiscal Policy Making and Negotiation

Navigating the complex world of US fiscal policy requires understanding how political negotiation intersects with economic necessity. This course breaks down the core concepts needed to analyze major policy decisions. By analyzing foundational concepts and using historical case studies like the Fiscal Cliff, you will develop the ability to critically assess budgetary processes, regulatory challenges, and the intricate balance of power involved in economic legislation. What you'll learn: * Understand the structure of the US budget and the annual appropriations and authorization cycles. * Analyze the roles of Congress, the Executive Branch, and external actors in policy formation and implementation. * Master key economic concepts underpinning fiscal policy, including national debt, deficits, and effective taxation. * Practice applying modern regulatory impact analysis (RIA) techniques to evaluate the costs and benefits of new legislation. * Learn the terminology and frameworks necessary for evaluating major legislative milestones and political compromises. The course begins with foundational definitions of economic and political structures, progresses through detailed analysis of the legislative and budgetary cycle, and concludes with an in-depth case study of a major fiscal negotiation. This introductory course is designed for absolute beginners interested in public policy, economics, or political science. No prior knowledge of government structure or complex fiscal terms is required. Start reading today to demystify the process of American public policy making.