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PowerPoint_Chapter_1 - Kulper - Econ 189 1 Lawispowerful...

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Kulper - Econ 189 1
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Kulper - Econ 189 2 Law is powerful Law is powerful Affects all people, from CEO’s to children Affects all people, from CEO’s to children Affects most of life, from work to leisure Affects most of life, from work to leisure Law is important u But which is more important -- written law or the people who enforce it? Law is fascinating u Complex, but never just theoretical u Televised trials often draw a large audience
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Kulper - Econ 189 3 Sources of Contemporary Law u United States Constitution -- Law of the Land Establishes Congress, the Presidency and Courts Gives to states powers not given to Fed gov’t Guarantees basic rights to all citizens u State Constitutions Create state executive, legislative & judicial systems u Statutes -- passed by federal & state gov’t u Common Law -- established by precedent, or earlier cases decided by courts u Administrative Law -- created by agencies u Other – treaties and executive orders
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Kulper - Econ 189 4
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PowerPoint_Chapter_1 - Kulper - Econ 189 1 Lawispowerful...

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