ECO 561 TUTORIALS Educational Resources - eco561tutorials.com

1
ECO 561 TUTORIALS Educational Resources /
eco561tutorials.com
2
ECO 561 TUTORIALS Educational Resources
ECO 561 Final Exam Guide (NEW) FOR MORE CLASSES
VISIT www.eco561tutorials.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 2) Camille's
3
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 1 DQ 1 (UOP) FOR MORE CLASSES
VISIT www.eco561tutorials.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.
4
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 1 DQ 2 (UOP) FOR MORE CLASSES
VISIT www.eco561tutorials.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.
5
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 1 Economic Choice Economic
Decision Making (2 Papers) FOR MORE CLASSES
VISIT www.eco561tutorials.com   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. While analyzing your decision, keep in
mind that everything from the interest rates to
the price of gasoline is driven by the economy in
one way or another. Develop a 1,400-word analysis
of your decision-making process in which you
include the following Discuss the role of the
interest rate and
6
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 1 Individual Assignment Market
Equilibrating Process Paper FOR MORE CLASSES
VISIT www.eco561tutorials.com We have another
paper on Market Equilibration Process Paper with
different course description which could be found
on this link 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
7
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 1 Knowledge Check (Quiz) FOR MORE
CLASSES VISIT www.eco561tutorials.com 1.
Revenue increases when 2. An increase in
the price of an inelastic good 3. Price
elasticity of demand increases when
8
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 2 DQ 1 (UOP) FOR MORE CLASSES
VISIT www.eco561tutorials.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?
9
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 2 DQ 2 (UOP) FOR MORE CLASSES
VISIT www.eco561tutorials.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?
10
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 2 Government Interventions vs.
Market Based Solutions (2 PPT) FOR MORE
CLASSES VISIT www.eco561tutorials.com THIS
TUTORIAL CONTAINS 2 PPT ECO 561 WEEK 2 GOVERNMENT
INTERVENTIONS VS. MARKET BASED SOLUTIONS The
theory of market economies emphasizes freedom of
choice and limited government intervention. The
classic argument for government intervention is
market failure - the inability of the market
economy to correct itself from a dysfunctional
state (such as the Great Depression). Examine one
11
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 2 Individual Assignment Market
Equilibration Process Paper FOR MORE CLASSES
VISIT www.eco561tutorials.com We have another
paper on Market Equilibration Process Paper with
different course description which could be found
on this link 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
12
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 2 Knowledge Check (Quiz) FOR MORE
CLASSES VISIT www.eco561tutorials.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?
13
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 2 Learning Team Reflection FOR
MORE CLASSES VISIT www.eco561tutorials.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 TUTORIALS Educational Resources
ECO 561 Week 2 Team Assignment Learning Team
Project Product Pricing Component (Apple) FOR
MORE CLASSES VISIT www.eco561tutorials.com Learnin
g 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
15
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 3 DQ 1 (UOP) FOR MORE CLASSES
VISIT www.eco561tutorials.com Do you think that
competition can be counted on to discipline the
industrial business firms of a modern economy?
Explain.
16
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 3 DQ 2 (UOP) FOR MORE CLASSES
VISIT www.eco561tutorials.com In your industry,
would you support regulation or deregulation and
why or why not?
17
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 3 Knowledge Check (Quiz) FOR MORE
CLASSES VISIT www.eco561tutorials.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?
18
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 3 Learning Team Reflection FOR
MORE CLASSES VISIT www.eco561tutorials.com ECO
561 Week 3 Learning Team Reflection/Deliverable  
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 TUTORIALS Educational Resources
ECO 561 Week 3 Market Structure And Pricing
Power FOR MORE CLASSES VISIT www.eco561tutorial
s.com 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. Develop a 1,400-word
evaluation of pricing strategies available
producers of your selected product. This will
include statements about the market structure and
the elasticity of demand for the
20
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 3 Team Assignment Market Structures
Simulation (Apple) FOR MORE CLASSES
VISIT www.eco561tutorials.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.
21
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 4 DQ 1 (UOP) FOR MORE CLASSES
VISIT www.eco561tutorials.com How does the
Federal Reserve's monetary policy affect your
industries, or company's growth?
22
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 4 DQ 2 (UOP) FOR MORE CLASSES
VISIT www.eco561tutorials.com   How would you
evaluate monetary policy today? Is monetary
policy contradictory with fiscal policy? Why or
Why not? Support your analysis with examples.
23
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 4 Knowledge Check (Quiz) FOR MORE
CLASSES VISIT www.eco561tutorials.com 1.
Business cycles occur when output 2. Which
of these statements best describes a complete
individual business cycle?
24
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 4 Learning Team Project
Macroeconomic Forecast Outline (Apple) FOR MORE
CLASSES VISIT www.eco561tutorials.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
25
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 4 Team Assignment Business Cycles,
Economic Shocks, And Restoring Equilibrium FOR
MORE CLASSES VISIT www.eco561tutorials.com ECO
561 WEEK 4 TEAM ASSIGNMENT BUSINESS CYCLES,
ECONOMIC SHOCKS, AND RESTORING EQUILIBRIUM As a
manager, it is important to understand how the
business cycle affects supply and demand, prices,
and how economic shocks will impact your
company's markets, supply chain, and financing.
The recent collapse of the housing market, the
near failure of our financial system, the wild
swings in commodity and stock prices, and the
deep recession of 2007-2009 provide a virtual
laboratory
26
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 5 DQ 1 (UOP) FOR MORE CLASSES
VISIT www.eco561tutorials.com How does the
Federal Reserve's monetary policy affect your
industry's, or company's growth?
27
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 5 DQ 2 (UOP) FOR MORE CLASSES
VISIT www.eco561tutorials.com How would you
evaluate monetary policy today? Is monetary
policy contradictory with fiscal policy? Why or
Why not? Support your analysis with examples.
28
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 5 Knowledge Check (quiz) FOR MORE
CLASSES VISIT www.eco561tutorials.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
29
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 5 Learning Team Project
Macroeconomic Forecast Component (Apple) FOR
MORE CLASSES VISIT www.eco561tutorials.com Learnin
g Team Assignment Learning Team Project
Macroeconomic Forecast Component Include the
following in this paper
30
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 5 Team Assignment Comparative And
Absolute Advantage FOR MORE CLASSES
VISIT   www.eco561tutorials.com 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 Analyze measures of economic growth,
and comparative and absolute advantage in
international trade for the following countries
USA China Saudi Arabia Democratic Republic of
Congo Research each country, using such resources
as the CIA
31
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 6 Challenges Of Expansion To A
Foreign Location (2 Papers) FOR MORE CLASSES
VISIT www.eco561tutorials.com THIS TUTORIAL
CONTAINS 2 PAPERS ECO 561 WEEK 6 CHALLENGES OF
EXPANSION TO A FOREIGN LOCATION Revise your Week
3 economic analysis using the feedback provided
by your facilitator to evaluate the challenges of
expanding your company's production to a foreign
market. This will require you to revise
previously recommended pricing and non-pricing
strategies for your company's product
32
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 6 DQ 1 (UOP) FOR MORE CLASSES
VISIT www.eco561tutorials.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.
33
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 6 Knowledge Check (Quiz) FOR MORE
CLASSES VISIT www.eco561tutorials.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
34
ECO 561 TUTORIALS Educational Resources
ECO 561 Week 6 Team Assignment (Final), (Apple)
FOR MORE CLASSES VISIT www.eco561tutorials.com Le
arning 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  
35
(No Transcript)