Aa Law&Economics

8/21/2019 Aa Law&Economics

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LAW AND ECONOMICS Jurisprudence with economic impact

ALVAREZ|ALCANTARA



LAW AND ECONOMICS(economic analysis of law)

It is the application of economic theory tothe analysis of law.

Law is a social tool that promotes economiceciency

Economic analysis and eciency as anidea can !"ide le!al practice

Economic concepts are "sed to e#plaine$ects of laws assess which laws are

economically ecient and predict whichlaws will %e implemented

&'C()* economic e$ects ofle!islation+,"rispr"dence



Aim

E#plain

Assess

-redict



Application

Law and deelopment / e$ects of law onsocietal deelopment* economicdeelopment

Economic and %"siness laws / impact oflaw on %"siness and economic processes

Law and Economics as a discipline /esta%lishment of analytical models and

doctrines thro"!h economical analysisinolin! areas s"ch as &amily lawCriminal law and Le!al processesa$ected %y economic processes



Law and0eelopment

EconomicLaws

1"sinessLaws

Law andEconomicsas a Le!al0iscipline

Applicati

on



4 MAJOR FACTORS

Any law a$ectin! 2promotin!or demotin!3 any of these

factors a$ects the economy.• Cons"mption• Inestment

• 4oernment )pendin!• Net 5orth



CONSM!TION

The "tili6ation of economic !oodsin the satisfaction of wants or inthe process of prod"ction

res"ltin! chie7y in theirdestr"ction deterioration ortransformation.

Source: Merriam-Webster Dictionary



EM!LO"EES CONFEDERATION OF T#E !#ILI!!INES vs. NATIONAL WA$ES AND !RODCTI%IT" COMMISSIONAND RE$IONAL TRI!ARTITE WA$ES AND !RODCTI%IT"&OARD'NCR TRADE NION CON$RESS OF T#E!#ILI!!INES

!onene* Sa+mienoFacs* The 1oard iss"ed 5a!e 'rder No. NCR89:A p"rs"ant to 5a!eRationali6ation Act amendin! 5a!e 'rder No. NCR:89 wherein allwor;ers and employees in the priate sector in the NCR alreadyreceiin! wa!es a%oe the stat"tory minim"m wa!e rates "p to oneh"ndred and twenty:<e pesos 2-9=>.883 per day shall also receie an

increase of seenteen pesos 2-9?.883 per day.EC'- assails the %oard@s !rant of an across:the:%oard wa!e increaseas an e#cess of a"thority and that the %oards may only prescri%eminim"m wa!es not determine salary ceilin!s.B EC'- prays for then"lli<cation of the 5a!e 'rder.Iss,e* 5hether or not the %oard acted in e#cess of a"thority#el-* The Co"rt held that Rep"%lic Act No. D?=? was intended to rationali6ewa!es.An across:the:%oard hi;e performed is not an "nlawf"l act of le!islation.Con!ress may dele!ate the power to <# rates proided that Con!ressleaes s"cient standard which was proided The petition is 0ENIE0.



Cons"merspendin!

i!herspendin!+p"rchasin! power

1ettereconomy



IN%ESTMENT

The o"tlay of money "s"ally forincome or moneyF also* the s"mof inested or the property

p"rchased

Source: Merriam-Webster Dictionary



MANILA !RINCE #OTEL

FACTS*4)I) decided to sell G8:>9H of the shares of anila otel Corporation ia p"%lic %iddin!.'nly two %idders participated %iddin! for the same shares with di$erent prices*

-etitioner Corporation and Renon! 1erhad a alaysian <rm1efore the declaration of the latter as the winner the former matched its %iddin! price.4)I) ref"sed to accept petitioner@s mana!er@s chec; as %id sec"rity.

ISSE*5'N -etitioner sho"ld %e preferred after hain! matched the %id o$ered %y alasyian

<rm p"rs"ant to the Article 9= of the Constit"tion

#ELD* Jes.Article 9= of the Constit"tion proides that in the !rant of ri!hts priile!es and

concessions coerin! the national economy and patrimony the )tate shall !ie

preference to K"ali<ed &ilipinos.National patrimony incl"des nat"ral reso"rces and the c"lt"ral herita!e of -.anila otel has %ecome part of the national economy and patrimony.4)I) entered into a transaction of the state and falls "nder the said proision.4)I) is ordered accept the matchin! %id of the petitioner anila -rince otel.



1etterecono

my

i!herspendin!

%y the%"sinesssector

1"sinessspendin!



$O%ERNMENTS!ENDIN$ The total amo"nt of money that

the !oernment spends in apartic"lar period which incl"des

all !oernment cons"mption andinestment.

Source: Cambridge Dictionary



CE& INSTITTE OF MEDICINE an- DR. JOSEFINA L. !O&LETE /s. CE& INSTITTEOF MEDICINE EM!LO"EES0 NION'NATIONAL FEDERATION OF LA&OR FACTS* The respondent as;ed CI to stop char!in! the employer@s share in the )))

edicare and -a!:I%i! premi"ms a!ainst the ?8H incremental t"ition feeincrease.

CI ref"sed. Th"s the disp"te was s"%mitted to ol"ntary a%ritration and%ro"!ht %efore the CA.

The ol"ntary ar%itrator and CA decided in faor of the respondent*

◦ ordrered CI to ref"nd the employer@s share in the premi"ms and

◦ refrain from char!in! them a!ainst the ?8H incremential t"ition feeincrease

ISSE* 5'N the mandatory share of an ed"cational instit"tion in the )))edicare and -a!:I%i! premi"ms %e char!ed a!ainst the seenty percent

2?8H3 incremental t"ition fee increase a"thori6ed "nder RA D?=

#ELD*

Jes. RA D?= proides that t"ition fees may %e increased s"%,ect to thefollowin! conditions*

?8H M payment of salaries wa!es allowances and other %ene<ts of

teachin! and non:teaachin! personnel. -"rs"ant to the said proision )))edicare and -a!:I%i! fall "nder the cate!ory of other %ene<tsB.



1etter

Economy

i!herspendin!

oreemployme

nt

4oernment

spendin!oned"cation%"ildin!sto"rism



NET E1!ORT

The amo"nt %y which forei!nspendin! on home co"ntrysspendin! on forei!n !oods and

serices

Source: Investopedia



LT2 %S. ARANETA

Facs* 5alter L"t6 see;s to recoer the s"m of money paid %y the estate as ta#es

p"rs"ant to the )"!ar Ad,"stment Act.

Athe collections made "nder said Act shall %e for aid and s"pport of the s"!arind"stry e#cl"siely.

L"t6 contends that s"ch p"rpose is not a matter of p"%lic concern hence is"nconstit"tional.

The petition was dismissed th"s this appeal %efore the )"preme Co"rt.

Iss,e*5hether or Not the ta# leied "nder the )"!ar Ad,"stment Act is"nconstit"tional.

#el-*

The ta# is leied is with a re!"latory p"rpose. -roide means for the reha%ilitation and sta%ili6ation of the threatened s"!ar

ind"stry.

The s"!ar ind"strys promotion protection and adancement thereforeredo"nds !reatly to the !eneral welfare.

The Act is a p"%lic concern and is therefore constit"tional.



-hilippineprod"cts

e#porte

Additionalincomefor localind"stry

i!herspendin!

1ettereconom

y



Concl"sion

Law+O"rispr"dence

Economic&actors• Cons"mption• Inestment• 4oernment

)pendin!

• Net E#port• oney

Economy

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