buss504 economics and law

Instructions for Part 2: You can use the “ILAC” style of reasoning in other disciplines too. For example, in Economics we have mentioned the “Law of Demand” and “Law of Supply”. Can you apply these laws to the hypothetical policy scenario below and predict some of the policy’s outcomes? Scenario: Several factors, such as fuel taxes and global supply chain disruptions have, recently, caused petrol prices to climb to $2.30 in New Zealand. South Auckland councillor Efeso Collins, amongst others, has pointed out that fuel price increases impact more heavily on low-income households. David Taipari, chairman of the Auckland Council’s Independent Māori Statutory Board, has argued that policy measures should be introduced to reduce the inequity of higher fuel prices. Assume that a maximum price of $2 a litre for petrol has been proposed as a policy intervention. Use clear writing to describe the economic and social impacts of this proposed policy Introduction: “ILAC” stands for “Issue, Law, Application, Conclusion”. It is a common approach to legal reasoning. But you can use this way of thinking in many other places too: to structure a paragraph, essay, report, or presentation. In this Core paper we want to help you develop the skills on framing an issue, identifying and explaining the relevant law, and justifying your advice or conclusion on the issue. These skills are useful in many disciplines, not just in law. When you complete this assessment, you will also have a sample of good writing that you can keep in your own portfolio and use in the future, to aid your future studies or even your job applications In this assessment you will write two short ILAC essays: one on law, one on economics. Issue: This refers to the “legal issue” or the “key legal question”. This does not refer to the source of the complaint or what went wrong. For example, in Rebecca’s scenario on the next page, the source of her complaint is that her washing machine did not function properly. Contrast this with the key legal question: Does Rebecca have the legal right to a remedy, such as a refund? Please make sure you understand the difference between the two. We encourage you to state the issue as a question, like we have demonstrated above. Identifying and framing the legal issue clearly will help you refine your search for the applicable law.
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