ECO 561 Squared Instruction Uophelp
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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 Paper
ECO 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
ECO 561 Week 3 DQ 1
ECO 561 Week 3 DQ 2
ECO 561 Week 2 Team Assignment Learning Team Project Product Pricing Component (Apple)
ECO 561 Week 3 Team Assignment Market Structures Simulation (Apple)
ECO 561 Week 3 Knowledge Check (Quiz)
ECO 561 Week 4 Learning Team Project Macroeconomic Forecast Outline (Apple)
ECO 561 Week 4 Knowledge Check (Quiz)
ECO 561 Week 4 DQ 1
ECO 561 Week 4 DQ 2
ECO 561 Week 5 Learning Team Project Macroeconomic Forecast Component (Apple)
ECO 561 Week 5 Knowledge Check (quiz)
ECO 561 Week 5 DQ 1
ECO 561 Week 5 DQ 2
ECO 561 Week 6 Team Assignment (Final), (Apple)
ECO 561 Week 6 Knowledge Check (Quiz)
ECO 561 Week 6 DQ 1
ECO 561 Final Exam Guide
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ECO 561 Final Exam Guide
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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.
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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 Individual Assignment Market Equilibrating Process Paper
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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 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.
Discuss the market equilibrating process in relation to your experience. First define at least five key concepts including those related to the market equilibrating process. Suggestions include the laws of supply and demand, the factors that affect the supply and demand curves, market equilibrium, price ceilings and price floors, and the price elasticity of demand. Second, provide an application of each concept to the context of the real world event.
Format your paper according to APA standards.
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ECO 561 Week 1 Knowledge Check (Quiz)
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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. The market will move to a higher equilibrium price if
10. The intersection of supply and demand will be at a lower equilibrium price but a higher equilibrium quantity if
11. When a price ceiling occurs
12. Because the goals of firms, entrepreneurs, and workers have different incentives, which of the following principles applies?
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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?
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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?
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ECO 561 Week 2 Individual Assignment Market Equilibration Process Paper
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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 business decisions.
Write a paper, or create a PowerPoint presentation using a real world experience in a free market (not government regulated) to describe a change that occurred in supply or demand as a result of world events that led to the need for a move between two equilibrium states. Explain the process of how that movement occurred using behaviors of consumers and suppliers. Graph the movement between the two points as well.
Required Elements:
Include academic research to support your ideas
Consider the Law of demand and the determinants of demand
Consider the Law of supply and the determinants of supply
Describe Efficient markets theory
Explain Surplus and shortage
Deliver the content in no more than a 700-word paper, OR 7- to 10-slide Microsoft PowerPoint presentation (Please choose one of these choices, not both)
Use University of Phoenix Material: Appendix A to create graphs illustrating the movement between the two equilibrium points and include this in the body of the assignment.
Your assignment is consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment
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ECO 561 Week 2 Knowledge Check (Quiz)
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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
6. All things being equal, an increase in demand for a product,
7. Marginal cost can be defind as the additon to — — — — — — — — — — -of one more unit of output.
8. If a firm stars small and, over time, builds successively larger plant sizes or adds additonal work space in an office, average total costs are most likely to
9. Demand for resources, including labor, depend on its
10. The primary difference between increasing-and decreasing-cost industries lies in
11. When adding labor or other factors of production, buisnesses may see their total product rise, but see their per-unit increase in return for each additional unit diminish. This phenomenon
12. In the short run, firms should shut down if
13. When you are considering the value of a resource in its next best use, you are considering its
14. Of the four major market structures-perfectly competitive, monopolistic competition, oligopoly, monopoly-reducing variable costs of production
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ECO 561 Week 2 Learning Team Reflection
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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.
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ECO 561 Week 2 Team Assignment Learning Team Project Product Pricing Component (Apple)
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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.
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.
Discuss the number and closeness of substitute and complementary products and their impact on the pricing decision.
Explain why the demand for the product or service is relatively price elastic or relatively price inelastic. Address the following;
1) The effect on revenue when there is a change in price (assuming competitors do not follow);
2) Determine whether demand for the product or service is relatively price elastic or relatively price inelastic based on conclusions from peer reviewed or other reputable resources. You will want to consider the number and closeness of substitutes (including foreign substitutes). Justify your conclusion.
Describe the issues that affect consumer demand and the price. Describe issues related to the cost of doing business which may affect the firm’s pricing decisions.
Focus on issues related to the cost of doing business that affect the firms average and marginal costs, and the pricing decisions of the firm
Suggest strategies to enhance revenue based upon all of the above information.
This document should be 1,050–1,400 words in length. APA format is required. 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.
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Do you think that competition can be counted on to discipline the industrial business firms of a modern economy? Explain.
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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)
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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
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
6. In a monopolistic competiton industry, if one firm appreciably increased its price from the existing equilibrium price, which of the following outcomes would most likely ensue?
7. Which factor charcterizes the competitive relationship between firms in an oligopoly market structure?
8. Unregulated (natural) monopolies maintain their status through a variety of measures. Whether any particular measure can effectively constrain new firms from entering the market depends on
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ECO 561 Week 3 Learning Team Reflection
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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.
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ECO 561 Week 3 Team Assignment Market Structures Simulation (Apple)
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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.
What are some of the pricing strategies that you would recommend?
What are some of the non-pricing strategies that you would recommend?
What kind of innovations would you propose to sustain the organization’s uniqueness?
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How does the Federal Reserve’s monetary policy affect your industry’s, or company’s growth?
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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)
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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?
5. Imagine a country has a population of 210 million. Within the country there are 95 million people who are employed workers. 50 million people incapable of working, and 60 million people capable of working, but not actively looking. Based on this information, what is the unemployment rate?
6. The unemployment produced by fluctuations in economy activity is called
7. New college graduates are most likely to experience
8. The natural rate of unemployment is defind as the
9. The Consumer Price Indx (CPI) is based on
10. Unanticipated inflation is a problem for society because it
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ECO 561 Week 4 Learning Team Project Macroeconomic Forecast Outline (Apple)
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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?
3. What sources will you use to obtain forecasts related to your selected economic indicators?
4. Why do you think that professional forecasters rely so heavily on past data and trends?
5. Include any details you feel are necessary that support your outline in order to justify your choices of economic indicators, and sources for data and forecasts.
See my feedback on your Week 2 Learning Team Assignment for details that will help with this assignment. See also the Resources on the Internet posted in the Week 1 Recommended Activities for sources of historical economic data, and also sources for economic forecasts
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How does the Federal Reserve’s monetary policy affect your industry’s, or company’s growth?
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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 5 Knowledge Check (quiz)
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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 should
4. What is the increased morak hazard associated wuth the too big to fall (TBTF) ballouts of the largest of financial institutions?
5. The Federal Reserve’s primary tool for managing the money flow is
6. Which of the following is a major drawback of a flexible exchange rate?
7. The major advantage to a flexible exchange-rate policy is
8. — — — — — — — — — — — — — — — suggests that a country will engage in trade and produces that it can produce at a lower-oppurtunity cost than a competing nation
9. Absolute advantage encourages a country to
10. The — — — — — — — — — — — — — — — — — — Explains that long-run trends in exchange rates are based on a predictable relationship between product price levels and exchange rates.
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ECO 561 Week 5 Learning Team Project Macroeconomic Forecast Component (Apple)
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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
Foreign exchange rate (either a trade weighted index or dollar versus yen, pound, Euro, Yuan, etc.)
Look at the trends related to the historical relationship between the economy as measured by the economic indicators you identified above and the success of the firm that is the subject of your Learning Team project. A good measure of your firm’s success is its historical stock prices. See the Resources on the Internet posted in the Week 1 Recommended Activities for sources of historical economic data. Some examples of sources for historical economic data include; Federal Reserve Bank of St. Louis, Bureau of Economic Analysis, and the Bureau of Labor Statistics.
Assemble two or three macroeconomic forecasts for each of the economic indicators that you chose to focus on in your paper. See the Resources on the Internet posted in the Week 1 Recommended Activities for sources of economic forecasts. Examples of sources for economic forecasts include the Congressional Budget Office, the Federal Reserve Bank of Philadelphia’s Livingston Survey, the Mortgage Banker’s Association, and the National Association of Homebuilders). The annual forecasts should be national and should be for the next two years.
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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 Week 6 Knowledge Check (Quiz)
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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
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ECO 561 Week 6 Team Assignment (Final), (Apple)
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Learning Team Assignment:
Complete the Learning Team Project that contains the following elements;
Present the viability of the selected good or service, considering the demand cost, market conditions, and economic conditions.
Product Pricing Component (Completed in Week Two)
Select an organization with which you are familiar or in which you are interested that provides a private good or service. 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. Discuss the number and closeness of substitute and/or complementary products and their impact on the pricing decision. Explain why the demand for the product or service is price elastic or price inelastic. Describe the issues that affect consumer demand and the price.
Suggest strategies to enhance revenue based upon all of the above information.