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- 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.
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- 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 Week 1 Economic Choice Economic
Decision Making (2 Papers)
- ECO 561 Week 1 Individual Assignment Market
Equilibrating Process Paper
- "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.
- 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.
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- ECO 561 Week 1 Knowledge Check (Quiz)
- Revenue increases when
- 2. An increase in the price of an inelastic
good - 3. Price elasticity of demand increases when
- Cost is a big issue with every company, and
changing the technology is the biggest cost for
most companies, how your company
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- ECO 561 Week 2 Government Interventions vs.
Market Based Solutions (2 PPT)
- 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?
- THIS TUTORIAL CONTAINS 2 PPT
- ECO 561 WEEK 2 GOVERNMENT INTERVENTIONS VS.
MARKET BASED SOLUTIONS
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- ECO 561 Week 2 Individual Assignment Market
Equilibration Process Paper
- ECO 561 Week 2 Knowledge Check (Quiz)
- Equilibration is the process of moving between
two equilibrium points as a result of some change
in supply or demand.
- 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?
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- ECO 561 Week 2 Learning Team Reflection
- ECO 561 Week 2 Team Assignment Learning Team
Project Product Pricing Component (Apple)
- ECO 561 Week 2 Learning Team Deliverable
- The learning objectives of week 2 were to
identify production level to maximize profits
- Learning Team Assignment Learning Team Project
Product Pricing Component - Select an organization
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- Do you think that competition can be counted on
to discipline the industrial business firms of a
modern economy? Explain.
- In your industry, would you support regulation or
deregulation and why or why not?
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- ECO 561 Week 3 Knowledge Check (Quiz)
- ECO 561 Week 3 Learning Team Reflection
- A purely- or perfectly-competitive firm would be
characterized by which of the following? - 2. For a purely-competitive firm, price must
be
- ECO 561 Week 3 Learning Team Reflection/Deliverabl
e - The learning objectives of week 3 were to
determine pricing strategy to meet organizational
goals
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- ECO 561 Week 3 Market Structure And Pricing Power
- ECO 561 Week 3 Team Assignment Market Structures
Simulation (Apple)
- 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.
- 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.
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- How does the Federal Reserve's monetary policy
affect your industry's, or company's growth?
- 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 Week 4 Knowledge Check (Quiz)
- ECO 561 Week 4 Learning Team Project
Macroeconomic Forecast Outline (Apple)
- Business cycles occur when output
- 2. Which of these statements best describes
a complete individual buisness cycle?
- 1. Learning Team Assignment Learning Team
Project Macroeconomic Forecast Outline Prepare a
brief outline
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- ECO 561 Week 4 Team Assignment Business Cycles,
Economic Shocks, And Restoring Equilibrium
- ECO 561 WEEK 4 TEAM ASSIGNMENT BUSINESS CYCLES,
ECONOMIC SHOCKS, AND RESTORING EQUILIBRIUM
- How does the Federal Reserve's monetary policy
affect your industry's, or company's growth?
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- ECO 561 Week 5 Knowledge Check (quiz)
- How would you evaluate monetary policy today? Is
monetary policy contradictory with fiscal policy?
Why or Why not? Support your analysis with
examples.
- 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
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- ECO 561 Week 5 Learning Team Project
Macroeconomic Forecast Component (Apple)
- ECO 561 Week 5 Team Assignment Comparative And
Absolute Advantage
- Learning Team Assignment Learning Team Project
Macroeconomic Forecast Component - Include the following in this paper
- ECO 561 WEEK 5 TEAM ASSIGNMENT COMPARATIVE AND
ABSOLUTE ADVANTAGE - Develop a 1,750-word analysis of the
international economy in which you do the
following
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- ECO 561 Week 6 Challenges Of Expansion To A
Foreign Location (2 Papers)
- THIS TUTORIAL CONTAINS 2 PAPERS
- ECO 561 WEEK 6 CHALLENGES OF EXPANSION TO A
FOREIGN LOCATION
- 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
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- ECO 561 Week 6 Knowledge Check (Quiz)
- ECO 561 Week 6 Team Assignment (Final), (Apple)
- 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
- Learning Team Assignment
- Complete the Learning Team Project that contains
the following elements
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