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For more course tutorials visit www.tutorialrank.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 Marvelous Learning/tutorialrank.com


1
ECO 561 course Marvelous Learning/
tutorialrank.com
The Best way to predict the Future is to create
it.....To Best way....
www.tutorialrank.com
2
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Final Exam Guide (New)
  • For more course tutorials visit
  • www.tutorialrank.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

3
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Final Exam Guide (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  •  
  • For another set of final guide pls visit this
    link address
  • 1) In a market economy the distribution of output
    will be determined primarily by
  • A. a social consensus as to what distribution of
    income 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.

4
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 1 Assignment Influence of Economics
    on Household Decision (2 Papers, 1000 words)
  • For more course tutorials visit
  • www.tutorialrank.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

5
ECO 561 course Marvelous Learning/
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  • ECO 561 Week 1 DQ 1 (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.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 course Marvelous Learning/
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  • ECO 561 Week 1 DQ 2 (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.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 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 1 Economic Choice Economic
    Decision Making (2 Papers)
  • For more course tutorials visit
  • www.tutorialrank.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

8
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 1 Individual Assignment Market
    Equilibrating Process Paper
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  •  
  • We have another paper on Market Equilibration
    Process Paper with different course description
    which could be found on this link
  • http//www.tutorialrank.com/ECO/ECO-561/ECO-561-W
    eek-2-Individual-Assignment-Market-Equilibration-P
    rocess-Paper
  • Market Equilibrating Process Paper

9
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 1 Knowledge Check (Quiz)
  • For more course tutorials visit
  • www.tutorialrank.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

10
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 2 DQ 1 (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.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?

11
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 2 DQ 2 (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.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?

12
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 2 Government Interventions vs.
    Market Based Solutions (2 PPT)
  • For more course tutorials visit
  • www.tutorialrank.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.

13
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 2 Individual Assignment Market
    Equilibration Process Paper
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  •  
  • We have another paper on Market Equilibration
    Process Paper with different course description
    which could be found on this link
  • http//www.tutorialrank.com/ECO/ECO-561/ECO-561-W
    eek-1-Individual-Assignment-Market-Equilibrating-P
    rocess-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.

14
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 2 Knowledge Check (Quiz)
  • For more course tutorials visit
  • www.tutorialrank.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

15
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 2 Learning Team Reflection
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  •  
  • 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.

16
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 2 Team Assignment Learning Team
    Project Product Pricing Component (Apple)
  • For more course tutorials visit
  • www.tutorialrank.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.

17
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 3 Assignment Research Analysis for
    Business (Starbucks)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  •  
  • Research Analysis for Business
  • Scenario Imagine you are a business consultant
    to a Business. You have been asked to 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.

18
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 3 DQ 1 (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • Do you think that competition can be counted on
    to discipline the industrial business firms of a
    modern economy? Explain.

19
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 3 DQ 2 (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • In your industry, would you support regulation or
    deregulation and why or why not?

20
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 3 Knowledge Check (Quiz)
  • For more course tutorials visit
  • www.tutorialrank.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

21
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 3 Learning Team Reflection
  • For more course tutorials visit
  • www.tutorialrank.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.

22
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 3 Market Structure And Pricing Power
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  •  
  •  
  • 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.

23
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 3 Team Assignment Market Structures
    Simulation (Apple)
  • For more course tutorials visit
  • www.tutorialrank.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.

24
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 3 Team Managing Fixed and Variable
    Cost
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  •  
  • Purpose 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

25
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 4 Assignment Inflation and Analyses
    of Monetary Policies Presentation (2 PPT)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  •  
  • This Tutorial contains 2 Presentation
  • ECO 561 Week 4 Assignment Inflation and Analyses
    of Monetary Policies

26
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 4 AssignmentInflation and Analyses
    of Monetary Policies (2 Papers)
  • For more course tutorials visit
  • www.tutorialrank.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.

27
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 4 DQ 1 (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  •  
  • How does the Federal Reserve's monetary policy
    affect your industry's, or company's growth?

28
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 4 DQ 2 (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.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 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 4 Knowledge Check (Quiz)
  • For more course tutorials visit
  • www.tutorialrank.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?

30
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 4 Learning Team Project
    Macroeconomic Forecast Outline (Apple)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  •  
  • 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
  • What are the economic indicators for which you
    will be providing forecasts?
  • 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?

31
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 4 Team Assignment Business Cycles,
    Economic Shocks, And Restoring Equilibrium
  • For more course tutorials visit
  • www.tutorialrank.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.

32
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 5 Assignment Effectiveness of the
    Counter Cyclical Policies (2 PPT)
  • For more course tutorials visit
  • www.tutorialrank.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

33
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 5 DQ 1 (UOP Course)
  • Here to Buy the Tutorial
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • How does the Federal Reserve's monetary policy
    affect your industry's, or company's growth?

34
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 5 DQ 2 (UOP Course)
  • Here to Buy the Tutorial
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • How would you evaluate monetary policy today? Is
    monetary policy contradictory with fiscal policy?
    Why or Why not? Support your analysis with
    examples.

35
ECO 561 course Marvelous Learning/
tutorialrank.com
  • ECO 561 Week 5 Knowledge Check (quiz)
  • Here to Buy the Tutorial
  • For more course tutorials visit
  • www.tutorialrank.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?

36
ECO 561 course Marvelous Learning/
tutorialrank.com
The Best way to predict the Future is to create
it.....To Best way....
www.tutorialrank.com
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