ECO 561 UOP Material eco561dotcom
ECO 561 UOP Material ECO 561 Entire Course (UOP) ECO 561 Final Exam Guide (UOP) 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 Final Exam Guide
ECO 561 UOP Material ECO 561 Week 1 DQ 1 (UOP) ECO 561 Week 1 DQ 2 (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. 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.
ECO 561 UOP Material ECO 561 Week 1 Individual Assignment Market Equilibrating Process Paper ECO 561 Week 1 Knowledge Check (Quiz) 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. 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?
ECO 561 UOP Material ECO 561 Week 2 DQ 1 (UOP) ECO 561 Week 2 DQ 2 (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? 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?
ECO 561 UOP Material 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. 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. 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
ECO 561 UOP Material ECO 561 Week 2 Learning Team Reflection ECO 561 Week 2 Team Assignment Learning Team Project Product Pricing Component (Apple) 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. 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.
ECO 561 UOP Material ECO 561 Week 3 DQ 1 (UOP) ECO 561 Week 3 DQ 2 (UOP) 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?
ECO 561 UOP Material ECO 561 Week 3 Knowledge Check (Quiz) ECO 561 Week 3 Learning Team Reflection 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 firm’s 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 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.
ECO 561 UOP Material ECO 561 Week 3 Team Assignment Market Structures Simulation (Apple) ECO 561 Week 4 DQ 1 (UOP) 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. How does the Federal Reserve's monetary policy affect your industry's, or company's growth?
ECO 561 UOP Material ECO 561 Week 4 DQ 2 (UOP) ECO 561 Week 4 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. 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?
ECO 561 UOP Material ECO 561 Week 4 Learning Team Project Macroeconomic Forecast Outline (Apple) ECO 561 Week 5 DQ 1 (UOP) 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? How does the Federal Reserve's monetary policy affect your industry's, or company's growth?
ECO 561 UOP Material ECO 561 Week 5 DQ 2 (UOP) 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. 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 4. What is the increased morak hazard associated wuth the too big to fall (TBTF) ballouts of the largest of financial institutions?
ECO 561 UOP Material ECO 561 Week 5 Learning Team Project Macroeconomic Forecast Component (Apple) ECO 561 Week 6 DQ 1 (UOP) 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 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.
ECO 561 UOP Material ECO 561 Week 6 Knowledge Check (Quiz) ECO 561 Week 6 Team Assignment (Final), (Apple) 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 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 Auto’s planning.