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ECO 561 Read, Lead, Succeed/uophelpdotcom

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ECO 561 Week 1 Individual Assignment Market Equilibrating Process Paper ECO 561 Week 1 DQ 1 ECO 561 Week 1 DQ 2 ECO 561 Week 1 Knowledge Check (Quiz) ECO 561 Week 2 Individual Assignment Market Equilibration Process Paper ECO 561 Week 2 Learning Team Reflection ECO 561 Week 2 Knowledge Check (Quiz) ECO 561 Week 2 DQ 1 – PowerPoint PPT presentation

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Title: ECO 561 Read, Lead, Succeed/uophelpdotcom


1
ECO 561 Read, Lead, Succeed/uophelpdotcom
  • For more course tutorials visit
  • www.uophelp.com

2
ECO 561 Entire Course
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • ECO 561 Week 1 Individual Assignment Market
    Equilibrating Process Paper
  • ECO 561 Week 1 DQ 1
  • ECO 561 Week 1 DQ 2
  • ECO 561 Week 1 Knowledge Check (Quiz)
  • ECO 561 Week 2 Individual Assignment Market
    Equilibration Process Paper
  • ECO 561 Week 2 Learning Team Reflection
  • ECO 561 Week 2 Knowledge Check (Quiz)
  • ECO 561 Week 2 DQ 1
  • ECO 561 Week 2 DQ 2
  • ECO 561 Week 3 Learning Team Reflection
  • ECO 561 Week 3 DQ 1

3
ECO 561 Final Exam Guide
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • 1) In a market economy the distribution of output 
    will be determined primarily by 
  • A. a social consensus as to what distribution of i
    ncome is most equitable. B. 
  • consumer needs and preferences. C. the quantities 
    and prices of the resources 
  • that households supply. D. government regulations 
    that provide a minimum 
  • income for all. 
  • 2) In a competitive market economy firms will sele
    ct the least-cost production 
  • technique because A. "dollar voting" by consumers
     mandates such a choice. B. such 
  • choices will result in the full employment of avai
    lable resources. C. to do so will 
  • maximize the firms' profits. D. this will prevent 
    new firms from entering the 
  • industry. 

4
ECO 561 Final Exam Guide(NEW)
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • 1) Suppose that in the clothing market,
    production costs have fallen, but the equilibrium
    price and quantity purchased have both increased.
    Based on this information you can conclude that
  • A. the supply of clothing has grown faster than
    the demand for clothing
  • B. demand for clothing has grown faster than the
    supply of clothing
  • C. the supply of and demand for clothing have
    grown by the same proportion
  • D. there is no way to determine what has happened
    to supply and demand with this information
  • 2) Camille's Creations and Julia's Jewels both
    sell beads in a competitive market. If at the
    market price of 5, both are running out of beads
    to sell (they can't keep up with the quantity
    demanded at that price), then we would expect
    both Camille's and Julia's to
  • A. raise their price and reduce their quantity
    supplied
  •   

5
ECO 561 Week 1 DQ 1
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  • www.uophelp.com
  •  
  • What kinds of changes in underlying conditions
    can cause the supply and demand curves to shift?
    Give examples and explain the direction in which
    the curves shift.

6
ECO 561 Week 1 DQ 2
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  • www.uophelp.com
  • What is price elasticity? Give examples of five
    products whose demand is price elastic, and five
    products whose demand is price inelastic and
    elaborate on the choices you make.

7
ECO 561 Week 1 Individual Assignment Market
Equilibrating Process Paper
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • We have another paper on  Market Equilibration
    Process Paper with different course description
    which could be found on this link 
  • http//www.uophelp.com/ECO-561/ECO-561-Week-2-Indi
    vidual-Assignment-Market-Equilibration-Process-Pap
    er
  • Market Equilibrating Process Paper
  • Write a 700- to 1,050-word paper in which you
    relate the concepts in this week's readings to a
    prior real world experience. The experience does
    not necessarily have to be work experience. One
    note these word count figures are meant to be a
    guideline, but feel free to exceed this if you
    find it is necessary to adequately provide
    relevant details and clarify important points.

8
ECO 561 Week 1 Knowledge Check (Quiz)
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  • www.uophelp.com
  •  
  • 1.      Revenue increases when
  • 2.      An increase in the price of an inelastic
    good
  • 3.      Price elasticity of demand increases when
  • 4.      The purpose of a market in a market
    system is to
  • 5.      By specializing in the production of one
    good, a company is able to benefit from economics
    of scale which increases its revenue. Which of
    the following is an attribute of specialization?
  • 6.      The market system promotes progress by
  • 7.      Productive efficiency is achieved when
  • 8.      The market is asid to be in equilibrium
    when
  • 9.      The market will move to a higher
    equilibrium price if
  • 10.  The intersection of supply and demand will
    be at a lower equilibrium price but a higher
    equilibrium quantity if

9
ECO 561 Week 2 DQ 1
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  • www.uophelp.com
  •  
  • Cost is a big issue with every company, and
    changing the technology is the biggest cost for
    most companies, how your company was able to cope
    with this problem and maintain the level of
    profit in a very competitive market? 

10
ECO 561 Week 2 DQ 2
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  •  
  • Among the types of costs faced by a firm
    (short-run costs, fixed and variable, as well as
    long-run costs), how can technology help firms to
    lower their costs? What are some specific
    examples of how firms have used technology to
    lower costs?

11
ECO 561 Week 2 Individual Assignment Market
Equilibration Process Paper
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • We have another paper on Market Equilibration
    Process Paper with different course description
    which could be found on this link
  • http//www.uophelp.com/ECO-561/ECO-561-Week-1-Indi
    vidual-Assignment-Market-Equilibrating-Process-Pap
    er
  • Equilibration is the process of moving between
    two equilibrium points as a result of some change
    in supply or demand.  Understanding how market
    equilibrium is sought following such a change is
    essential for business managers. It is important
    to understand how economic principles, and
    specifically supply, demand, and their determents
    are a part of your everyday business decisions.

12
ECO 561 Week 2 Knowledge Check (Quiz)
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • 1.      Purely competitve firms increase total
    revenue by
  • 2.      What are two ways for a competitve firm
    to determine the optimal level of production,
    that is, the level of production that will
    maximize profit or minimize losses?
  • 3.      Suppose that a firm determines that its
    marginal revenue is greater than its marginal
    cost, it would be better to
  • 4.      It is profitable for a firm to continue
    employing additional resources as long as
  • 5.      As additional units are produced, the
    marginal revenue product falls for all firms
    because marginal product decreases. For firms
    operating in industries that are not perfectly
    competitve, marginal revenue product also falls
    because
  • 6.      All things being equal, an increase in
    demand for a product,

13
ECO 561 Week 2 Learning Team Reflection
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  •  
  • "ECO 561 Week 2 Learning Team Deliverable
  • The learning objectives of week 2 were to
    identify production level to maximize profits,
    explain how to balance fixed and variable costs,
    and to apply economic cost concepts in making
    business decisions.  

14
ECO 561 Week 2 Team Assignment Learning Team
Project Product Pricing Component (Apple)
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  • Learning Team Assignment Learning Team Project
    Product Pricing Component
  • Select an organization with which you are
    familiar or in which you are interested that
    provides a private good or service. You will want
    to focus on the same firm or organization as you
    work on each Learning Team Project assignment in
    this class as you build the final paper due Week
    6.Examples of good firms to use as a subject
    include Southwest Airlines (a very successful
    airline), Ford (they have not declared
    bankruptcy), Pulte (a successful homebuilder with
    a historical track record), Whirlpool (their
    performance is very dependent on the economy),
    Caterpillar, Microsoft, Apple Computer, etc.
  • Describe the utility of that good or service to
    the immediate consumer (which may or may not be
    another organization) and the consumer needs that
    the product or service meets.

15
ECO 561 Week 3 DQ 1
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  • Do you think that competition can be counted on
    to discipline the industrial business firms of a
    modern economy? Explain. 

16
ECO 561 Week 3 DQ 2
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  •  
  • In your industry, would you support regulation or
    deregulation and why or why not?

17
ECO 561 Week 3 Knowledge Check (Quiz)
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • 1.      A purely- or perfectly-competitive firm
    would be characterized by which of the following?
  • 2.      For a purely-competitive firm, price must
    be
  • 3.      What will excessive or economic profits
    induce for a firm in any industry structure?
  • 4.      A pure-monopoly firms demand curve is
    also the market demand curve. This kind of firm
    may successfully engage in price discrimination
    to increase its total profit if it
  • 5.      Oligopolies are characterized by a small
    number of firms where the top three firms hold
    the majority of the market. If in an oligopoly
    market, firm A ia almost twice as big as firm B
    and firm C then
  • 6.      In a monopolistic competiton industry, if
    one firm appreciably increased its price from the
    existing equilibrium price, which of the
    following outcomes would most likely ensue

18
ECO 561 Week 3 Learning Team Reflection
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  • www.uophelp.com
  •  
  • ECO 561 Week 3 Learning Team Reflection/Deliverabl
    e
  • The learning objectives of week 3 were to
    determine pricing strategy to meet organizational
    goals, determine ways to create non price
    barriers to entry based on market structure,
    determine ways to increase product
    differentiation based on market structure, and to
    determine ways to reduce costs for an
    organization.

19
ECO 561 Week 3 Team Assignment Market Structures
Simulation (Apple)
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  • www.uophelp.com
  •  
  • Learning Team Assignment Market Structures
    Simulation
  • Write a 1,050- to 1,400- word paper where you
    explain the following in the context of the
    simulation. One note these word count figures
    are meant to be a guideline, but feel free to
    exceed this if you find it is necessary to
    adequately provide relevant details and clarify
    important points.
  • Create a solution using strategic variables
    available to you to sustain the economic profits
    the firm can earn.
  • What are some of the pricing strategies that you
    would recommend?
  • What are some of the non-pricing strategies that
    you would recommend?
  • What kind of innovations would you propose to
    sustain the organization's uniqueness?

20
ECO 561 Week 4 DQ 1
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  •  
  • How does the Federal Reserve's monetary policy
    affect your industry's, or company's growth? 
  •  

21
ECO 561 Week 4 DQ 2
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  • www.uophelp.com
  •  
  • How would you evaluate monetary policy today?  Is
    monetary policy contradictory with fiscal policy?
    Why or Why not?  Support your analysis with
    examples.

22
ECO 561 Week 4 Knowledge Check (Quiz)
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • 1.      Business cycles occur when output
  • 2.      Which of these statements best describes
    a complete individual buisness cycle?
  • 3.      During the buisness cycle, the period
    between the point at which output reaches a high
    and the point at which it reaches a low is called
  • 4.      Which of the following equals the market
    value of all final goods and services produced in
    an economy, stated in the prices of a specific
    base year?
  • 5.      Imagine a country has a population of 210
    million. Within the country there are 95 million
    people who are employed workers. 50 million
    people incapable of working, and 60 million
    people capable of working, but not actively
    looking. Based on this information, what is the
    unemployment rate?
  • 6.      The unemployment produced by fluctuations
    in economy activity is called

23
ECO 561 Week 4 Learning Team Project
Macroeconomic Forecast Outline (Apple)
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  •  
  • 1. Learning Team Assignment Learning Team
    Project Macroeconomic Forecast Outline Prepare a
    brief outline of the Week 5 Learning Team Project
    Macroeconomic Forecast Component in which you
    answer the following questions
  • 1. What are the economic indicators for which you
    will be providing forecasts?
  • 2. It is important to evaluate the historical
    relationship between variables in order to
    explain how one indicator or variable may impact
    another. With this in mind, what sources will you
    use to obtain historical data for the economic
    indicators that you have selected?
  • 3. What sources will you use to obtain forecasts
    related to your selected economic indicators?
  • 4. Why do you think that professional forecasters
    rely so heavily on past data and trends?

24
ECO 561 Week 5 DQ 1
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • How does the Federal Reserve's monetary policy
    affect your industry's, or company's growth? 
  •  

25
ECO 561 Week 5 DQ 2
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • How would you evaluate monetary policy today?  Is
    monetary policy contradictory with fiscal policy?
    Why or Why not?  Support your analysis with
    examples.

26
ECO 561 Week 5 Knowledge Check (quiz)
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • 1.      The Classical Theory of Asset Prices
    assumes which of the following ideas?
  • 2.      Economists use two principle interest
    rates normal and real. The purpose of this
    distinction is to
  • 3.      During periods of incresing inflationary
    pressure, the Federal Reserve should
  • 4.      What is the increased morak hazard
    associated wuth the too big to fall (TBTF)
    ballouts of the largest of financial
    institutions?
  • 5.      The Federal Reserves primary tool for
    managing the money flow is
  • 6.       Which of the following is a major
    drawback of a flexible exchange rate?
  • 7.      The major advantage to a flexible
    exchange-rate policy is

27
ECO 561 Week 5 Learning Team Project
Macroeconomic Forecast Component (Apple)
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  •  
  • Learning Team Assignment Learning Team Project
    Macroeconomic Forecast Component
  • Include the following in this paper
  • Identify a list of five economic indicators which
    will be the subject of this paper. In addition to
    real GDP, the unemployment rate, and the
    inflation rate, focus on at least two of the
    following
  • A key interest rate (I suggest the 10-year
    Treasury rate)
  • Housing starts
  • Oil prices
  • Auto sales

28
ECO 561 Week 6 DQ 1
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  •  
  • How much has the growth in international trade
    impacted your company, or industry? Has the
    devaluation of the U.S. dollar impacted your
    company, or industry? Explain

29
ECO 561 Week 6 Knowledge Check (Quiz)
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • 1.      If the demand is QD 100 10P and there
    is a 1 price increase, then the elasticity of
    demand at p 2 is
  • 2.      If the absolute value of a demand
    elasticity is less than 1, then
  • 3.      If the cross-price elasticity is
    negative, then the two goods are
  • 4.      Under perfect competition, a firm
    maximizes its profit by setting
  • 5.      In a large city, a good, real-world
    example for perfect competition would be
  • 6.      A firm under monopolistic competition
    will earn
  •  
  •  
  •  

30
ECO 561 Week 6 Team Assignment (Final), (Apple)
  • For more course tutorials visit
  • www.uophelp.com
  •  
  • Learning Team Assignment
  • Complete the Learning Team Project that contains
    the following elements
  • Present the viability of the selected good or
    service, considering the demand cost, market
    conditions, and economic conditions.
  • Product Pricing Component (Completed in Week Two)
  • Select an organization with which you are
    familiar or in which you are interested that
    provides a private good or service. Describe the
    utility of that good or service to the immediate
    consumer (which may or may not be another
    organization) and the consumer needs that the
    product or service meets. Discuss the number and
    closeness of substitute and/or complementary
    products and their impact on the pricing
    decision. Explain why the demand for the product
    or service is price elastic or price inelastic.
     Describe the issues that affect consumer demand
    and the price.

31
ECO 561 Read, Lead, Succeed/uophelpdotcom
  • For more course tutorials visit
  • www.uophelp.com
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