Analytical steps

Step 1 State the basic problem in economic terms, develop one unifying model of reference and indicate the iterative steps needed to develop the model in several variations until it fits the problem at hand.

Step 2 Select and list the norms and legal terms the interpretation of which will be critical to the outcome of the analysis and give an economic analysis of each in turn. You must precisely state the theory which you use for this analysis and ensure that the premises remain the same as in the general model of reference.

Step 3 List the solutions (of step 2) and translate them into the language of the legal norms. Draw the conclusions.

Step 4 Now carry through the analysis as a whole by using the model developed in step 1 and the interpretative results from step 3. State the outcome.