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ECO 561 Slingshot Academy snaptutorial
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 ECO 561 Slingshot Academy snaptutorial
ECO 561 Final Exam Guide
ECO 561 Entire Course
ECO 561 Final Exam Guide
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
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 ECO 561 Slingshot Academy snaptutorial
ECO 561 Week 1 DQ 2
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.
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.
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 ECO 561 Slingshot Academy snaptutorial
ECO 561 Week 1 Knowledge Check (Quiz)
ECO 561 Week 1 Individual Assignment Market
Equilibrating Process Paper
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
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.
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 ECO 561 Slingshot Academy snaptutorial
ECO 561 Week 2 DQ 2
ECO 561 Week 2 DQ 1
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?
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?
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 ECO 561 Slingshot Academy snaptutorial
ECO 561 Week 2 Knowledge Check (Quiz)
ECO 561 Week 2 Individual Assignment Market
Equilibration Process Paper
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
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.
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 ECO 561 Slingshot Academy snaptutorial
ECO 561 Week 2 Team Assignment Learning Team
Project Product Pricing Component (Apple)
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
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
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 ECO 561 Slingshot Academy snaptutorial
ECO 561 Week 3 DQ 2
ECO 561 Week 3 DQ 1
In your industry, would you support regulation or
deregulation and why or why not?
Do you think that competition can be counted on
to discipline the industrial business firms of a
modern economy? Explain.
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 ECO 561 Slingshot Academy snaptutorial
ECO 561 Week 3 Learning Team Reflection
ECO 561 Week 3 Knowledge Check (Quiz)
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.
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
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 ECO 561 Slingshot Academy snaptutorial
ECO 561 Week 4 DQ 1
ECO 561 Week 3 Team Assignment Market Structures
Simulation (Apple)
How does the Federal Reserve's monetary policy
affect your industry's, or company's growth?
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.
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 ECO 561 Slingshot Academy snaptutorial
ECO 561 Week 4 Knowledge Check (Quiz)
ECO 561 Week 4 DQ 2
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
How would you evaluate monetary policy today? Is
monetary policy contradictory with fiscal policy?
Why or Why not? Support your analysis with
examples.
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 ECO 561 Slingshot Academy snaptutorial
ECO 561 Week 5 DQ 1
ECO 561 Week 4 Learning Team Project
Macroeconomic Forecast Outline (Apple)
How does the Federal Reserve's monetary policy
affect your industry's, or company's growth?
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?
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 ECO 561 Slingshot Academy snaptutorial
ECO 561 Week 5 Knowledge Check (quiz)
ECO 561 Week 5 DQ 2
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?
How would you evaluate monetary policy today? Is
monetary policy contradictory with fiscal policy?
Why or Why not? Support your analysis with
examples.
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 ECO 561 Slingshot Academy snaptutorial
ECO 561 Week 6 DQ 1
ECO 561 Week 5 Learning Team Project
Macroeconomic Forecast Component (Apple)
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
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
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 ECO 561 Slingshot Academy snaptutorial
ECO 561 Week 6 Team Assignment (Final), (Apple)
ECO 561 Week 6 Knowledge Check (Quiz)
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.
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
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 ECO 561 Slingshot Academy snaptutorial
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