AFM231 Chapter Notes - Chapter 2: Political Philosophy

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM231
• Professor: Darren Charters

Document Summary

Government policy: the central ideas or principles that guide government in its work, including the kind of laws it passes. Constitutional law: the supreme law of canada that constrains and controls how the branches of government exercise power. Liberalism: a political philosophy that emphasizes individual freedom as its key organizing value. Canadian legal system: the machinery that comprises and governs the legislative, executive, and judicial branches of government. Constitutional conventions : important rules that are not enforceable by a court of law but that practically determine how a given power is exercised by government. Legislative branch: the branch of government that creates statute law. Statute law: formal, written laws created or e nacted by the legislative branch of government. ie legislation. Regulation: explicit rules or explanations created under legislation. Have the same amount of power as the legislations themselves. Jurisdiction: the power that a given level of government ha s to enact laws.