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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 – PowerPoint PPT presentation

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Title: ECO 561 MART Expect Success eco561martdotcom (1)


1
ECO 561 MART Expect Success /eco561martdotcom
  • FOR MORE CLASSES VISIT
  • www.eco561mart.com

2
ECO 561 Entire Course
  • 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 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 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 their price and increase their
    quantity supplied C. lower their price and reduce
    their quantity supplied

4
ECO 561 Final Exam Guide (UOP)
  • 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. 2) In a competitive market economy firms
    will select the least-cost production technique
    because A. "dollar voting" by consumers mandates
    such a choice. B. such choices will result in the
    full employment of available resources. C. to do
    so will maximize the firms' profits. D. this will
    prevent new firms from entering the industry. 3)
    A leftward shift in the supply curve of product X
    will increase equilibrium price to a greater
    extent the A. more inelastic the demand for the
    product. B. more elastic the supply curve. C.
    larger the elasticity of demand coefficient. D.
    more elastic the demand for the product.

5
ECO 561 Week 1 DQ 1 (UOP)
  • 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 Week 1 DQ 2 (UOP)
  • 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 Week 1 Individual Assignment Market
Equilibrating Process Paper
  • We have another paper on Market Equilibration
    Process Paper with different course description
    which could be found on this link
  • http//www.eco561mart.com/ECO-561-Week-2-Individua
    l-Assignment-Market-Equilibration-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 Week 1 Knowledge Check (Quiz)
  • 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
  • 8. The market is asid to be in equilibrium when

9
ECO 561 Week 2 DQ 1 (UOP)
  • 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?
  • http//www.eco561mart.com/ECO-561-Week-1-Individua
    l-Assignment-Market-Equilibrating-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

10
ECO 561 Week 2 DQ 2 (UOP)
  • 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 Individual Assignment Market
Equilibration Process Paper
  • We have another paper on Market Equilibration
    Process Paper with different course description
    which could be found on this link
  • http//www.eco561mart.com/ECO-561-Week-1-Individua
    l-Assignment-Market-Equilibrating-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.

12
ECO 561 Week 2 Knowledge Check (Quiz)
  • 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
  • 5. As additional units are produced, the marginal
    revenue product falls for all firms because
    marginal product decreases. For firms operating
    in industries that are not perfectly competitve,
    marginal revenue product also falls because

13
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 (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.
  • 1. Describe the utility of that good or service
    to the immediate consumer (which may or may not
    be another organization) and the consumer needs
    that the product or service meets.

14
ECO 561 Week 3 DQ 1 (UOP)
  • Do you think that competition can be counted on
    to discipline the industrial business firms of a
    modern economy? Explain.
  • 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.

15
ECO 561 Week 3 DQ 2 (UOP)
  • In your industry, would you support regulation or
    deregulation and why or why not?

16
ECO 561 Week 3 Knowledge Check (Quiz)
  • 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
  • 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

17
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.
  • Create a solution using strategic variables
    available to you to sustain the economic profits
    the firm can earn.

18
ECO 561 Week 4 DQ 1 (UOP)
  • How does the Federal Reserve's monetary policy
    affect your industry's, or company's growth?

19
ECO 561 Week 4 DQ 2 (UOP)
  • How would you evaluate monetary policy today? Is
    monetary policy contradictory with fiscal policy?
    Why or Why not? Support your analysis with
    examples.

20
ECO 561 Week 4 Knowledge Check (Quiz)
  • 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?

21
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?
  • 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?

22
ECO 561 Week 5 DQ 1 (UOP)
  • How does the Federal Reserve's monetary policy
    affect your industry's, or company's growth?

23
ECO 561 Week 5 DQ 2 (UOP)
  • 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 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
  • A key interest rate (I suggest the 10-year
    Treasury rate)
  • Housing starts
  • Oil prices
  • Auto sales

25
ECO 561 Week 6 DQ 1 (UOP)
  • 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

26
ECO 561 Week 6 Team Assignment (Final), (Apple)
  • 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?

27
ECO 561 MART Expect Success \eco561martdotcom
  • FOR MORE CLASSES VISIT
  • www.eco561mart.com
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