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What is the difference between politics and policy? What do they have to do with each other? • What is political culture? What makes American political culture unique? • What are core values? What core values form the basis of American political culture? • Be able to compare and contrast programs and policy. • Be familiar with the major theories of policy making. Be able to compare/contrast each of these. • What is the policy process model? How does it explain/depict how public policy is made? Make sure that you are familiar with each stage of the process. What are the three, main policy typologies? How are they dis/similar to one another? • What is the difference between equity and equality? How are each of these addressed through domestic policy? How do means-tested and universal benefits address each of these forms of “equality”? • What is the difference between mandatory and discretionary spending? Which one takes up a larger portion of the federal budget? Provide an example of spending of each type. • What is Social Security? How is it funded? What kind of program is it? Who qualifies to benefit from this program? • Compare and Contrast Medicare and Medicaid. How are these programs similar? How are they different? Who qualifies for each of these programs? Which economic theories are most relevant to American politics? What are the major tenants of each of these theories? Which events/problems led to the rise in prominence of each of these theories? • What are the major tools of fiscal policy? When would you use each of these tools? • What is monetary policy? What is the Federal Reserve and what role does it play in setting monetary policy? • What are the tools of monetary policy? Make sure to define each of these.   Key Terms •   • Political Culture • Program • Policy • Elite Theory • Group Theory • Institutional Theory • Rational Choice Theory • Political Systems Theory • Institutional Agenda • Systemic Agenda • Regulation • Government Management • Privatization • Distributive Policy • Redistributive Policy • Regulatory Policy • Competitive Regulation • Protective Regulation • Equality • Equity • Mandatory Spending • Discretionary Spending
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