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FOR MORE CLASSES VISIT www.eco561outlet.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 PaperECO 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 – PowerPoint PPT presentation

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Title: ECO 561 OUTLET The learning interface/eco561outletdotcom


1
ECO 561 OUTLET The learning interface/eco561outle
tdotcom
2
ECO 561 OUTLET The learning interface
  • ECO 561 Entire Course
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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 PaperECO 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

3
ECO 561 OUTLET The learning interface
  • ECO 561 Final Exam Guide (UOP)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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

4
ECO 561 OUTLET The learning interface
  • ECO 561 Final Exam Guide(NEW)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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

5
ECO 561 OUTLET The learning interface
  • ECO 561 Week 1 DQ 1 (UOP)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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 OUTLET The learning interface
  • ECO 561 Week 1 DQ 2 (UOP)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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 OUTLET The learning interface
  • ECO 561 Week 1 Individual Assignment Market
    Equilibrating Process Paper
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.com
  •  
  • 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 OUTLET The learning interface
  • ECO 561 Week 1 Knowledge Check (Quiz)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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 OUTLET The learning interface
  • ECO 561 Week 2 DQ 1 (UOP)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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 OUTLET The learning interface
  • ECO 561 Week 2 DQ 2 (UOP)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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 OUTLET The learning interface
  • ECO 561 Week 2 Individual Assignment Market
    Equilibration Process Paper
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.com
  •  
  • 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 OUTLET The learning interface
  • ECO 561 Week 2 Knowledge Check (Quiz)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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

13
ECO 561 OUTLET The learning interface
  • ECO 561 Week 2 Learning Team Reflection
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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.  

14
ECO 561 OUTLET The learning interface
  • ECO 561 Week 2 Team Assignment Learning Team
    Project Product Pricing Component (Apple)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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

15
ECO 561 OUTLET The learning interface
  • ECO 561 Week 3 DQ 1 (UOP)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.com
  •  
  • Do you think that competition can be counted on
    to discipline the industrial business firms of a
    modern economy? Explain. 
  •  

16
ECO 561 OUTLET The learning interface
  • ECO 561 Week 3 DQ 2 (UOP)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.com
  •  
  • In your industry, would you support regulation or
    deregulation and why or why not?
  •  

17
ECO 561 OUTLET The learning interface
  • ECO 561 Week 3 Knowledge Check (Quiz)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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

18
ECO 561 OUTLET The learning interface
  • ECO 561 Week 3 Learning Team Reflection
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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 OUTLET The learning interface
  • ECO 561 Week 3 Team Assignment Market Structures
    Simulation (Apple)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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.
  •  
  •  

20
ECO 561 OUTLET The learning interface
  • ECO 561 Week 4 DQ 1 (UOP)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.com
  •  
  • How does the Federal Reserve's monetary policy
    affect your industry's, or company's growth? 

21
ECO 561 OUTLET The learning interface
  • ECO 561 Week 4 DQ 2 (UOP)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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 OUTLET The learning interface
  • ECO 561 Week 4 Knowledge Check (Quiz)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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

23
ECO 561 OUTLET The learning interface
  • ECO 561 Week 4 Learning Team Project
    Macroeconomic Forecast Outline (Apple)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.com
  •  
  • 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?

24
ECO 561 OUTLET The learning interface
  • ECO 561 Week 5 DQ 1 (UOP)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.com
  •  
  • How does the Federal Reserve's monetary policy
    affect your industry's, or company's growth? 

25
ECO 561 OUTLET The learning interface
  • ECO 561 Week 5 DQ 2 (UOP)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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 OUTLET The learning interface
  • ECO 561 Week 5 Knowledge Check (quiz)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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?

27
ECO 561 OUTLET The learning interface
  • ECO 561 Week 5 Learning Team Project
    Macroeconomic Forecast Component (Apple) FOR MORE
    CLASSES VISIT
  • www.eco561outlet.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

28
ECO 561 OUTLET The learning interface
  • ECO 561 Week 6 DQ 1 (UOP)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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. 
  •  

29
ECO 561 OUTLET The learning interface
  • ECO 561 Week 6 Knowledge Check (Quiz)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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 OUTLET The learning interface
  • ECO 561 Week 6 Team Assignment (Final), (Apple)
  • FOR MORE CLASSES VISIT
  • www.eco561outlet.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.

31
ECO 561 OUTLET The learning interface/eco561outle
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