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ECO 561 Course Success is a Tradition - snaptutorial.com

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For more classes visit www.snaptutorial.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 – PowerPoint PPT presentation

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Title: ECO 561 Course Success is a Tradition - snaptutorial.com


1
ECO 561 Course Success is a Tradition /
snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
2
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Final Exam Guide (New)   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
3
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Final Exam Guide   ECO 561 Final Exam
Guide
4
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 1 DQ 1   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.
5
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 1 DQ 2   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.
6
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 1 Economic Choice Economic
Decision Making (2 Papers)   THIS TUTORIAL
CONTAINS 2 PAPERS Consider your last vehicle
purchase and the decision making process you
engaged in while deciding what vehicle to
purchase or if a new vehicle was the right
decision. While analyzing your decision, keep in
mind that everything from the interest rates to
the price of gasoline is driven by the economy in
one way or another. Develop a 1,400-word analysis
of your decision-making process in which you
include the following
7
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 1 Individual Assignment Market
Equilibrating Process Paper   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 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 1 Knowledge Check (Quiz)   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?
9
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 2 DQ 1   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 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 2 DQ 2   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 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 2 Government Interventions vs.
Market Based Solutions (2 PPT)   THIS TUTORIAL
CONTAINS 2 PPT ECO 561 WEEK 2 GOVERNMENT
INTERVENTIONS VS. MARKET BASED SOLUTIONS The
theory of market economies emphasizes freedom of
choice and limited government intervention. The
classic argument for government intervention is
market failure - the inability of the market
economy to correct itself from a dysfunctional
state (such as the Great Depression).
12
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 2 Individual Assignment Market
Equilibration Process Paper   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.
13
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 2 Knowledge Check (Quiz)   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
14
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 2 Learning Team Reflection   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.
15
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 2 Team Assignment Learning Team
Project Product Pricing Component
(Apple)   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
16
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 3 DQ 1   Do you think that
competition can be counted on to discipline the
industrial business firms of a modern economy?
Explain.
17
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 3 DQ 2   In your industry, would you
support regulation or deregulation and why or why
not?
18
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 3 Knowledge Check (Quiz)   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
19
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 3 Learning Team Reflection   ECO 561
Week 3 Learning Team Reflection/Deliverable
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.
20
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 3 Market Structure And Pricing
Power   ECO 561 WEEK 3 MARKET STRUCTURE AND
PRICING POWER Select a new, realistic good or
service for an existing industry, preferably an
industry you current work in or one in which you
are interested in working. Develop a 1,400-word
evaluation of pricing strategies available
producers of your selected product. This will
include statements about the market structure and
the elasticity of demand for the product, based
on text book principles and real world products
under development.
21
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 3 Team Assignment Market Structures
Simulation (Apple)   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.
22
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 4 DQ 1   How does the Federal
Reserve's monetary policy affect your industry's,
or company's growth?
23
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 4 DQ 2   How would you evaluate
monetary policy today? Is monetary policy
contradictory with fiscal policy? Why or Why not?
Support your analysis with examples.
24
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 4 Knowledge Check (Quiz)  
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?
25
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 4 Learning Team Project
Macroeconomic Forecast Outline (Apple)   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?
26
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 4 Team Assignment Business Cycles,
Economic Shocks, And Restoring Equilibrium   ECO
561 WEEK 4 TEAM ASSIGNMENT BUSINESS CYCLES,
ECONOMIC SHOCKS, AND RESTORING EQUILIBRIUM As a
manager, it is important to understand how the
business cycle affects supply and demand, prices,
and how economic shocks will impact your
company's markets, supply chain, and financing.
The recent collapse of the housing market, the
near failure of our financial system, the wild
swings in commodity and stock prices, and the
deep recession of 2007-2009 provide a virtual
laboratory for the study of the economic shocks
and stabilization measures taken to restore
equilibrium.
27
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 5 DQ 1   How does the Federal
Reserve's monetary policy affect your industry's,
or company's growth?
28
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 5 DQ 2   How would you evaluate
monetary policy today? Is monetary policy
contradictory with fiscal policy? Why or Why not?
Support your analysis with examples.
29
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 5 Knowledge Check (quiz)   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
30
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 5 Learning Team Project
Macroeconomic Forecast Component
(Apple)   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
31
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 5 Team Assignment Comparative And
Absolute Advantage   ECO 561 WEEK 5 TEAM
ASSIGNMENT COMPARATIVE AND ABSOLUTE
ADVANTAGE Develop a 1,750-word analysis of the
international economy in which you do the
following Analyze measures of economic growth,
and comparative and absolute advantage in
international trade for the following countries
32
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 6 Challenges Of Expansion To A
Foreign Location (2 Papers)   THIS TUTORIAL
CONTAINS 2 PAPERS ECO 561 WEEK 6 CHALLENGES OF
EXPANSION TO A FOREIGN LOCATION Revise your Week
3 economic analysis using the feedback provided
by your facilitator to evaluate the challenges of
expanding your company's production to a foreign
market. This will require you to revise
previously recommended pricing and non-pricing
strategies for your company's product based on
the selected country's economy's stage in the
business cycle and the projected economic
conditions. Discuss the evidence that supports
your recommendations. Select a foreign market in
which to expand your chosen product.
33
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 6 DQ 1   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
34
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 6 Knowledge Check (Quiz)   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
35
ECO 561 Course Success is a Tradition /
snaptutorial.com
ECO 561 Week 6 Team Assignment (Final),
(Apple)   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)
36
ECO 561 Course Success is a Tradition /
snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
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