ECO 561 MART Expect Success eco561martdotcom

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