economics

1. 7E
FUNDAMENTALS OF
MANAGERIAL
MARK HIRSCHEY
ECONOMICS
Chapter 16
Public Management
PowerPoint
Presentation
by
Charlie
© 2003 South-Western/Thomson Learning
Cook

2. Optimal Amount of a
Public Good
Figure 16.1
Fundamentals of Managerial Economics 7e © 2003 South-Western/Thomson Learning 16–2

3. Maximization of Social Benefits from
Government Programs and Public-
Sector Investments
Figure 16.2
Fundamentals of Managerial Economics 7e © 2003 South-Western/Thomson Learning 16–3

4. High GDP Growth, Coupled with Low
Unemployment and Inflation, Made for a
Vibrant “New Economy” in the 1990s
Note: Real GDP growth (chained 1996 dollars) and inflation (measured by the CPI-U-RS) are average annual rates from the end of
the preceding year through the end of the period. Unemployment rates are monthly averages. Data for 2000 are through the third
quarter for real GDP and through November for unemployment and inflation.
Figure 16.3
Sources: Department of Commerce (Bureau of Economic Analysis) and Department of Labor (Bureau of Labor Statistics).
Fundamentals of Managerial Economics 7e © 2003 South-Western/Thomson Learning 16–4

5. Growth in Real Household Income by
Quintile, 1973–1993 and 1993–1999
Figure 16.4
Source: Department of Commerce (Bureau of the Census).
Fundamentals of Managerial Economics 7e © 2003 South-Western/Thomson Learning 16–5

6. Long-Term Budget Balance Projections Differ
Widely Under Various Policy Assumptions
Note: Data are for fiscal years, Projections are based on policy and economic assumptions fro the June 2000
Mid-session review updated for actual economic performance through the third quarter of 2000.
Figure 16.5
Source: Office of Management and Budget.
Fundamentals of Managerial Economics 7e © 2003 South-Western/Thomson Learning 16–6

7. Recent Global Changes in Labor Productivity and
Total Factor Productivity (1990–1995 to 1996–1999)
Figure 16.6
Source: Board of Governors of the Federal Reserve System.
Fundamentals of Managerial Economics 7e © 2003 South-Western/Thomson Learning 16–7

8. Average Annual Percent Change in Imports and
Exports by End-Use Category (1996–2000)
Note: Total includes “other,” which is not shown. Estimates for 2000 are based on data for the first three quarters.
Figure 16.7
Source: Department of Commerce (Bureau of the Census).
Fundamentals of Managerial Economics 7e © 2003 South-Western/Thomson Learning 16–8

9. Health
Insurance
Coverage of
Those Under 65,
by Insurance
Type and
Income, 1999
Source: Department of Commerce (Bureau of the Census).
Figure 16.8
Fundamentals of Managerial Economics 7e © 2003 South-Western/Thomson Learning 16–9

10. Health Expenditures and Enrollment
in Health Maintenance Organizations
Sources: Department of Health and Human Services (Health Care Figure 16.9
Financing Administration) and Employee Benefits Research Institute.
Fundamentals of Managerial Economics 7e © 2003 South-Western/Thomson Learning 16–10