Take a policy-based approach to teaching introductory economics with Baumol/Blinderas ECONOMICS: PRINCIPLES AND POLICY, 13E. Written by two of the most respected economists in the world, this edition is one of the most current economics texts on the market with data into 2014. Significant updates reflect the most recent economic events and policy developments, which the authors skillfully relate to the bookas concepts and principles using the right level of rigor and detail. A new chapter on U.S. economic leadership assesses the prospects for future U.S. growth and leadership, based on a discussion of our strengths and weaknesses in key areas, such as productivity, innovation, entrepreneurship, health care, education, inequality, trade, the budget deficit, and climate change. Guide readers in mastering the basic principles of economics with the strong policy-based approach and vivid, current examples found only in ECONOMICS: PRINCIPLES AND POLICY. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.Firms that employ unionized labor forces may also incur costs that are temporarily not variable if labor contracts commit the ... A two-year-old machine with a nine-year economic life can be an inescapable commitment and therefore represent a cost that is not variable for the next seven years. ... These terms recur time and again throughout this book. ... need time to convert the plant to manufacture its fuel-efficient, small cars, including a new battery-electric version of the Ford Focus.
|Title||:||Economics: Principles and Policy|
|Author||:||William Baumol, Alan Blinder|
|Publisher||:||Cengage Learning - 2015-03-20|