Law, Norms and Economic Systems

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Science:
“Set of objective facts about the nature, the
society, men and its thought”.
Natural
Science
Social
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1. Sciences that are the result of the activity
of men as a social being:
Social
Sciences
Economy
Political Science
Law
2. Sciences that study men as a social being:
Anthropology
Sociology
History
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Problems of the Social Sciences.
1. Events can’t be repeated.
2. Very difficult to practice experiments, because
the variables can’t be controlled.
3. The lack of objectivity while doing the
research.
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Objectivity
To describe an event as it is without the interference
the emotions and/or feellings of the researcher.
In Social Sciences objetivity is lost because of a
“selective perception”.
Instead, the scientists need to have a
Sistematic Skeptic
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Law

Science that study the juridical
norms that regulate the external
conduct of men in.
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Norms
Rules of conduc that establish
duties.
 They show us what we can and
can’t do.
 Types of Norms:

Moral
 Religious
 Social,
 Juridical
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
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Positive Law
Is the set of obligatory norms
established in a certain time by a
certain State.
Political Constitution 1917
The Federal Electoral Law 1996
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Basic Principles of the LAW
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
Justice

Common Good

Security
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Sources of the Law
Custom.- when the norms are
formed according to the customs
of the society at a certain time.
Legislature.- when the norms are
created following an established
process.
Jurisprudence.- when the norms
come from the decisions of the
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judges.
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Classification of the Law
Public National Law
Internal or National
Law
Private National Law
Social Law
External or International Public International Law
Law
Private
International
Law
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Funciones de la Ley
1. Control Social
Promueven la conducta correcta
Castigando la mala conducta
2. Resolver disputas
Através de instiruciones legales
* Cortes
* Cámara Legislativa
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Disfunciones de la Ley
1. Corrupción
2. Podria ser usado como canal de vengansa
3. Sin fin de litigaciones
4. Interpretaciòn de la Ley
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Economìa
“Ciencia Social Estudia el camino con
que el hombre produce,
intercambia y consume men la
escasez de productos que pueden
satisfacer sus necesidades”.
Elementos Clave: Necesidades
Escasez
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Necessity
Is the sensation of not having
something attach to the desire
of satisfiying it.
¿Are the necessities objetive?
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Types of Necessities
- Individual:
Biological
Social
- Of the Comunity
Public and social
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Scarcity
* When there is not enough of
something.
* A difference between the needs
and the resources available.
* When for having more of
something you have to sacrifice
the aquisition of something else.
Consequence: Economic agents have
to choose.
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Cost of Opportunity
The cost of opportunity of any good
or sevice is the quantity of other
goods of services we have stop
buying so we can obtain this one.
Means you have to choose
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Types of goods
Free Goods there is an unlimited
quantity of these and no one
ownes them.
 Economic Goods they are scarce in
relation to their demand. They can
be acquiere by people. Economy is
interested in these.

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Types of economic goods
Capital goods: They are use to
produce other goods.
 Consumer goods: directly satisfy
the human necessities.



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Durable
Not durable
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Types of economic goods
Intermediary goods: intervene in
the production of another good.
 Final goods: go to the final
consumer

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SERVICES
The services are all those activities that,
without creating any material object or
good, serve in an direct or indirect way to
the satisfaction of human necessities.
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Factors of Production

Are the basic elements to create
the goods and services that will
satisfy men’s needs.
Land
Capital
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Labor
Enterprise
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Agentes Economicos
a. Familias o Amas de casa:
- Consumos y servicios buenos.
- ofrecer sus recursos - laboral y
capital
- Ellos toman decisiones racionales
b. Empresas
- Crear y vender buenos servicios.
- Uso de recursos del mercado laboral,
capital y labor, capital, materia prima etc.
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c. Sector Publico :
- Bienes y servicios bajo un control
estatal.
- el estado actuara como otro
entreprenuer
- Establece la politica económica
nacional.
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Pago por los Productos
Flujo de productos
Familias o
amas de casa
Servicios Públicos
y Estado
Empresas
Factores Productivos
Pago por los factores Productivos
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Economic Systems
Is the set of basic relations, (technical
and institutional) that characterize the
economic organization of a society.
All economic systems have to answer
three basic questions:
 What to produce and which quantity?
 For whom to produce?
 How to produce those goods and
services?
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Types of Economic
Systems
Economic Systems
• Market Economy
• Mixed Economy
• Central Planification
+ Socialism
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