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### FOR MORE CLASSES VISIT www.eco561mart.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 – PowerPoint PPT presentation

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Title: ECO 561 MART Something Great/eco561mart.com

1
ECO 561 MART Something Great/eco561mart.com
• For more course tutorials visit
• www.eco561mart.com

2
ECO 561 Final Exam Guide (New) FOR MORE
CLASSES VISIT www.eco561mart.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 B.
raise
3
ECO 561 Week 1 Assignment Influence of Economics
on Household Decision (2 Papers, 1000 words) FOR
MORE CLASSES VISIT www.eco561mart.com This
Tutorial contains 2 Papers Purpose of Assignment
To locate, retrieve, and evaluate the effects of
macroeconomic indicators on your own decision
making. Assignment Steps Resources Tutorial help
on Excel and Word functions can be found on the
Microsoft Office website. There are also
additional tutorials via the web offering support
for Office products. Scenario Consider your last
big purchase such as a car, appliances, home
repairs, home purchase, computer equipment,
college tuition, or another "big-ticket" item,
which are often purchased using loans/financing
(by borrowing money). Also consider your decision-
4
ECO 561 Week 1 DQ 1 (UOP) FOR MORE CLASSES
VISIT www.eco561mart.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.
5
ECO 561 Week 2 Team Assignment Learning Team
Project Product Pricing Component (Apple) FOR
MORE CLASSES VISIT www.eco561mart.com 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.
6
ECO 561 Week 1 Economic Choice Economic
Decision Making (2 Papers) FOR MORE CLASSES
VISIT www.eco561mart.com 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 Discuss the role of the interest rate
and the cost of financing on your purchase
decision. Interest rates are derived from the
supply and demand for money and the
7
ECO 561 Week 1 Individual Assignment Market
Equilibrating Process Paper FOR MORE CLASSES
VISIT www.eco561mart.com We have another paper
on  Market Equilibration Process Paper with
different course description which could be found
on this link  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) FOR MORE
CLASSES VISIT www.eco561mart.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?
9
ECO 561 Week 2 DQ 1 (UOP) FOR MORE CLASSES
VISIT www.eco561mart.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 (UOP) FOR MORE CLASSES
VISIT www.eco561mart.com 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 Government Interventions vs.
Market Based Solutions (2 PPT) FOR MORE CLASSES
VISIT www.eco561mart.com 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). Examine one case of
significant government intervention as it relates
to your current industry of employment or an
industry in which you are interested in working.
Examples of intervention programs include, but
are not limited to US agriculture support
programs Low income support programs (Food
Stamps, Earned Income Tax Credit, Child Tax
Credit, and Temporary Assistance to Needy
Families) Medicaid, Children's Health Insurance
12
ECO 561 Week 2 Individual Assignment Market
Equilibration Process Paper FOR MORE CLASSES
VISIT www.eco561mart.com We have another paper
on Market Equilibration Process Paper with
different course description which could be found
on this link  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
13
ECO 561 Week 2 Team Assignment Learning Team
Project Product Pricing Component (Apple) FOR
MORE CLASSES VISIT www.eco561mart.com 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.
14
ECO 561 Week 3 Assignment Research Analysis for
VISIT www.eco561mart.com Research Analysis for
analyze, advise, and create recommendations on
how the firm can ensure its future success in its
current market. Prepare a minimum 1,050-word
analysis of economic data and business data to
explain how the core economic principles impact
the sustainability of the firm and what actions
the firm can take to ensure success. Address the
following Identify the market structure your
chosen firm operates in, analyze your chosen
firm's current market share, and identify the
firm's local/global competitors. Analyze the
barriers to entry in this market to illustrate
the potential for new competition and its impact
on your firm's future in the market. Hints Be
sure you review the barriers to entry discussed
in the course
15
ECO 561 Week 3 DQ 1 (UOP) FOR MORE CLASSES
VISIT www.eco561mart.com 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 (UOP) FOR MORE CLASSES
would you support regulation or deregulation and
why or why not?
17
ECO 561 Week 3 Market Structure And Pricing
Power FOR MORE CLASSES VISIT www.eco561mart.com E
CO 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. Identify the market structure
of the industry (monopoly, oligopoly, competitive
monopoly). Determine elasticity of demand for
various quality ranges of the product based on
textbook theory and judgments about the degree of
luxury vs. necessity represented by various
brands (e.g. a luxury car vs an economy car).
Determine how pricing relates to
18
ECO 561 Week 3 Team Assignment Market Structures
Simulation (Apple) FOR MORE CLASSES
VISIT www.eco561mart.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?
19
ECO 561 Week 3 Team Managing Fixed and Variable
Cost FOR MORE CLASSES VISIT www.eco561mart.com Pu
rpose of Assignment In this week, students are
learning about managing different types of
economic costs. Organizations typically have
either high fixed costs or low fixed costs, and
it is important to understand how business
decisions differ in organizations with high fixed
costs from organizations with low fixed costs.
Assignment Steps Resources Tutorial help on
Excel and Word functions can be found on the
Microsoft Office website. There are also
additional tutorials via the web offering support
for Office products. Hoover's Company Profiles by
ProQuest located in the University Library Choose
two publicly-held organizations. One organization
must have high fixed costs and low variable
costs, and the other organization must have low
fixed costs and high variable costs. Note A
publicly-held organization is a private-
20
ECO 561 Week 4 Assignment Inflation and Analyses
of Monetary Policies Presentation (2 PPT) FOR
MORE CLASSES VISIT www.eco561mart.com This
Tutorial contains 2 Presentation ECO 561 Week 4
Assignment Inflation and Analyses of Monetary
Policies
21
ECO 561 Week 4 AssignmentInflation and Analyses
of Monetary Policies (2 Papers) FOR MORE CLASSES
VISIT www.eco561mart.com This Tutorial contains
2 Papers Inflation and Analyses of Monetary
Policies Purpose of Assignment This assignment
will introduce students to the U.S. Department of
Labor's Bureau of Labor Statistics (BLS) data and
provide students with the skills to calculate
inflation and interpret the Consumer Price Index
(CPI). Note The BLS is the primary source of
information on inflation, but their data is
re-posted in other sources, such as the St. Louis
Federal Reserve FRED site, among others.
Assignment Steps Use an internet search or the
University Library to locate information on the
Consumer Price Index (CPI). Internet sites you
might
22
ECO 561 Week 4 DQ 1 (UOP) FOR MORE CLASSES
VISIT www.eco561mart.com How does the Federal
Reserve's monetary policy affect your industry's,
or company's growth?
23
ECO 561 Week 4 DQ 2 (UOP) FOR MORE CLASSES
VISIT www.eco561mart.com 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 Week 4 Learning Team Project
Macroeconomic Forecast Outline (Apple) FOR MORE
CLASSES VISIT www.eco561mart.com 1. Learning
Team Asignment 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?
25
ECO 561 Week 4 Team Assignment Business Cycles,
Economic Shocks, And Restoring Equilibrium FOR
MORE CLASSES VISIT www.eco561mart.com 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. Create a 1,400-word analysis based
on
26
ECO 561 Week 5 Assignment Effectiveness of the
Counter Cyclical Policies (2 PPT) FOR MORE
CLASSES VISIT www.eco561mart.com This Tutorial
contains 2 Presentations Purpose of Assignment
This assignment addresses how both monetary and
fiscal policies have been used during the
so-called Great Recession, which began in
December 2007 and ended in June 2009, to the
present to moderate the business cycle.
Assignment Steps Resources Tutorial help on
Excel and Word functions can be found on the
Microsoft Office website. There are also
additional tutorials via the web offering support
for Office products. Create a minimum 12 minute
10-slide PowerPoint presentation to present to
the class, including detailed speaker notes, in
which you
27
ECO 561 Week 5 DQ 1 (UOP) FOR MORE CLASSES
VISIT www.eco561mart.com How does the Federal
Reserve's monetary policy affect your industry's,
or company's growth?
28
ECO 561 Week 5 DQ 2 (UOP) FOR MORE CLASSES
VISIT www.eco561mart.com 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 Week 5 Learning Team Project
Macroeconomic Forecast Component (Apple) FOR
MORE CLASSES VISIT www.eco561mart.com 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
30
ECO 561 Week 5 Team Assignment Comparative And
Absolute Advantage (2 Papers) FOR MORE CLASSES
VISIT www.eco561mart.com This Tutorial contains
2 Papers 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
following countries USA China Saudi Arabia
Democratic Republic of Congo Research each
country, using such resources as the CIA World
Fact Book, World Bank data, and World Trade
Organization. Research its economic, political,
and cultural development. Compare the following
using tables or graphs, for most
31
ECO 561 Week 5 Team Assignment Comparative and
Absolute Advantage (USA, China, France) FOR MORE
CLASSES VISIT www.eco561mart.com Develop a
minimum 1,050-word analysis of the international
economy in which you do the following Research
each country below, using resources such as the
CIA World Fact Book, World Bank data, World Trade
Organization (WTO), and the Federal Reserve Bank.
Research each of your three chosen country's
economic, political, and cultural development
USA France China Analyze measures of
economic growth and of comparative and absolute
and/or graphs to compare the following economic
countries for the most recent
32
ECO 561 Week 6 Challenges Of Expansion To A
Foreign Location (2 Papers) FOR MORE CLASSES
VISIT www.eco561mart.com 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. Write a
1,750-word paper (including any material you
include from your Week 3 assignment) detailing
your findings. The use of tables and/or charts to
display economic data over the time period
33
ECO 561 Week 6 DQ 1 (UOP) FOR MORE CLASSES
VISIT www.eco561mart.com 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 Week 6 Team Assignment (Final),
(Apple) FOR MORE CLASSES VISIT www.eco561mart.com
Learning Team Assignment International Paper
Resources The data compiled from the
University of Phoenix Material Big Drive Auto
in Week Four (or the material from your own
organization in which you faculty member has
approved)          Write a 700- to 1,050- word
paper addressing the following issues in the
context of the scenario o        Identify and
justify the macroeconomic measures of output and
prices which you have selected for Big Drive
Autos planning. o        What are the
relationships between the organizations data and
the macroeconomic measures you have selected?
35
ECO 561 MART Something Great/eco561mart.com
• For more course tutorials visit
• www.eco561mart.com