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ECO 561 Assignment Influence of Economics on Household Decision (1000 words)

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Purpose of Assignment To locate, retrieve, and evaluate the effects of macroeconomic indicators on your own decision making. Assignment Steps Resources: Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products. Scenario: Consider your last big purchase such as a car, appliances, home repairs, home purchase, computer equipment, college tuition, or another “big-ticket” item, which are often purchased using loans/financing (by borrowing money). Also consider your decision-making process that led you to choose a particular make, model, or brand of the product (or service) you purchased and whether it was the right time to make the purchase given economic conditions at the time of your purchase. While analyzing your decision, keep in mind everything from interest rates to the prices of complementary and substitute goods are driven by human economic behavior. Develop a minimum 1,050-word analysis of your decision-making process in which you include the following: • Retrieve statistics on Real Gross Domestic Product (GDP) and on Real Personal Consumption Expenditures (PCE) by year for the last ten years. You can retrieve those statistics from internet sources including, but not limited to, the Federal Reserve of St. Louis’s FRED web site, the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) web site, or another credible source of your choice. Post these statistics in a single worksheet of an Excel® workbook and submit your Excel® file with your report. In your report, discuss the latest 10-year trends in both GDP and PCE. Also discuss how the trends in GDP compare with trends in PCE. You are encouraged to include graphs of these statistics in your report; you could create the graphs in Excel®and copy them into your report. • Retrieve statistics on the Effective Federal Funds Rate and on the Consumer Price Index: All Items Less Food and Energy by year for the last 30 years. You can retrieve those statistics from internet sources including, but not limited to, the Federal Reserve of St. Louis’s FRED web site, the U.S. Department of Labor’s Bureau of Labor Statistics (BLS) web site, or other credible sources of your choice. Post these statistics in a single worksheet of an Excel® workbook and submit your Excel® file with your report. In your report, discuss how the trends in the Effective Federal Funds Rate compare with trends in inflation. If you took out a loan to pay for your “big-ticket” purchase, what was the interest rate on your loan? Were interest rates rising or falling at that time? Were interest rates relatively high or low at that time? You are also encouraged to include graphs of these statistics in your report. • Discuss the influence of any Federal government or state government programs, such as tax credits or tax deductions for energy-saving/efficiency purchases, on your decision to make your last big purchase; or if government incentives did not factor into your decision, explain why not. • Develop conclusions about the economy’s influence on personal and business decision-making relative to purchases of big-ticket items, investments, or other major purchases. Cite a minimum of three peer-reviewed sources. Note: The Federal Reserve of St. Louis, the Bureau of Economic Analysis, and the Bureau of Labor Statistics can be cited to fulfill this requirement. Format your paper consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. Be sure you submit your paper as well as the two required Excel® files.

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ECO 561 Assignment Research Analysis for Business (Starbucks)

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Research Analysis for Business Scenario: Imagine you are a business consultant to a Business. You have been asked to analyze, advise, and create recommendations on how the firm can ensure its future success in its current market. Prepare a minimum 1,050-word analysis of economic data and business data to explain how the core economic principles impact the sustainability of the firm and what actions the firm can take to ensure success. Address the following: • Identify the market structure your chosen firm operates in, analyze your chosen firm’s current market share, and identify the firm’s local/global competitors. Analyze the barriers to entry in this market to illustrate the potential for new competition and its impact on your firm’s future in the market. Hints: Be sure you review the barriers to entry discussed in the course text. You might consider presenting the data graphically. • Identify and explain trends in current macroeconomic indicators for last three years including: • Current stage of the business cycle. • Real gross domestic product (GDP). • Inflation as measured by the consumer price index (CPI). • Unemployment rate. • Federal funds rate. • Current rate for borrowing funds such as the so-called “prime rate.” Note: A requirement of the Week 1 Influence of Economics on Household Decision Making report was to gather data on the CPI, GDP, and interest rates, so you should consider reviewing the feedback you received on the Week 1 report. • Evaluate trends in demand over last three years and explain their impact on the industry and the firm. Include quarterly (last two quarters) and annual sales (last three years) figures for the product your firm sells. Create business strategies by analyzing information and data related to the demand for and supply of your firm’s product(s) to support your recommendation for the firm’s actions. Remember to include a graphical representation of the data and information used in your analysis. • Examine available, current data and information, such as pricing and the availability of substitutes, and explain how you could determine the price elasticity of demand for your firm’s product. Assess how the price elasticity of demand impacts the firm’s pricing decisions and revenue growth. • Apply the concepts of variable and fixed costs to your firm for informing its output decisions. For instance, analyze how different kinds of costs (labor, research and development, raw materials) affect the firm’s level of output. • Based on the data gathered and analysis performed for this report write a conclusion in which you: • Create business strategies, including price and non-price strategies, based on your market structure to ensure the market share and potential market expansions and explore global opportunities for your business in a dynamic business environment and provide recommendations. • Develop a recommendation for how the firm can manage its future production by synthesizing the macroeconomic and microeconomic data presented. • Propose how the firm’s position within the market and among its competitors will allow it to take your recommended action. • Recommend strategies for the firm to sustain its success going forward by evaluating the findings from demand trends, price elasticity, current stage of the business cycle, and government policies. Cite a minimum of three peer-reviewed references and a minimum of two government economic data sources/references. Format your assignment consistent with APA guidelines.

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ECO 561 Final Exam Guide (New)

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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 D. lower their price and increase their quantity supplied 3) In which of the following industries are economies of scale exhausted at relatively low levels of output? A. Aircraft production B. Automobile manufacturing C. Concrete mixing D. Newspaper printing 4) The average cost curves (AVC and ATC) should be minimized A. where MC = ATC and MC = AVC B. where FC = ATC and FC = AVC C. where TC starts to increase at a faster rate D. where ATC = AVC 5) If the wage rate increases, A. a purely competitive producer will hire less labour, but an imperfectly competitive producer will not B. an imperfectly competitive producer will hire less labour, but a purely competitive producer will not C. a purely competitive and an imperfectly competitive producer will both hire less labour D. an imperfectly competitive producer may find it profitable to hire either more or less labour 6) The real wage will rise if the nominal wage A. falls more rapidly than the general price level B. increases at the same rate as labor productivity C. increases more rapidly than the general price level D. falls at the same rate as the general price level 7) Construction workers frequently sponsor political lobbying in support of greater public spending on highways and public buildings. One reason they do this is to A. restrict the supply of construction workers B. increase the elasticity of demand for construction workers C. increase the demand for construction workers D. increase the price of substitute inputs 8) Paying an above-equilibrium wage rate might reduce unit labour costs by A. permitting the firm to attract lower-quality labour B. increasing the cost to workers of being fired for shirking C. increasing voluntary worker turnover D. increasing the supply of labour 9) A good real-world example of monopolistic competition is A. lawyers B. gas stations C. Time Warner Cable D. groceries store 10) An industry comprising a small number of firms, each of which considers the potential reactions of its rivals in making price-output decisions, is called A. monopolistic competition B. oligopoly C. pure monopoly D. pure competition 11) Price is constant or given to the individual firm selling in a purely competitive market because A. the firm’s demand curve is downward sloping B. of product differentiation reinforced by extensive advertising C. each seller supplies a negligible fraction of total supply D. there are no good substitutes for its product 12) The most important pricing strategy for a perfectly competitive firm is A. minimizing cost B. maximizing sales C. product differentiation D. advertising 13) Which of the following is a nonprice barrier of entry? A. Huge sunk cost B. Discounts C. Product differentiation D. Advertising 14) A third-degree price discrimination can be applied to which of the following market structures? A. A monopoly

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ECO 561 Week 1 DQ 1 (UOP)

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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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ECO 561 Week 1 DQ 2 (UOP)

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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 Economic Choice & Economic Decision Making (2 Papers)

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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 the cost of financing on your purchase decision. Interest rates are derived from the supply and demand for money and the actions of the Federal Reserve System. What was the rate of interest you paid on your vehicle loan? Were interest rates rising or falling at the time of your decision? Examine the influence of gasoline prices on the choice of vehicle you selected. Gasoline prices rise and fall dramatically based on economic supply of and demand for crude oil. When gasoline prices are low, Americans buy larger, heavier autos, SUV’s and pick-up trucks. When gas prices are high, Americans purchase more compact and fuel efficient vehicles. When you purchased your last vehicle, were crude oil and gasoline prices rising or falling? Discuss the following in regard to your household at the time of your purchase: Were you employed? Was the economy growing or contracting (recession)? If you were employed, did you take into consideration the risk that you might lose your job if a recession occurred during the period of your loan pay-back? A basic assumption of consumers making purchases of large items requiring financing is that their household cash flow will be adequate to cover the monthly loan payments. For most Americans, this also means assuming continuation of their present wages. But many jobs are sensitive to rises and falls in the business cycle, as witnessed by the 10% unemployment rate of the past “Great Recession.” Evaluate the financial trade-offs made when making your purchase. This includes lower maintenance costs for a newer vehicle versus a car payment and higher insurance among other factors. Discuss the influence of any of these Federal or state level programs on your decision to purchase a vehicle; or if these did not factor into your decision, explain why or why not: Buying fuel efficient vehicles such as Flex fuel, hybrids and electrics Converting existing vehicles to use alternative fuels (Flex fuel) Removing old, fuel inefficient, and high polluting vehicles from the highways Explain the influence of environmental factors such as emissions and health concerns on your decision. Discuss the ways in which your purchase illustrates one piece of the circular flow model of economic activity. What are the other parts? Develop conclusions about the economy’s influence on personal and business decision making such as purchases, investments, and so forth. Cite a minimum of three peer reviewed sources. Format your paper consistent with APA guidelines.

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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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ECO 561 Week 2 DQ 1 (UOP)

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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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ECO 561 Week 2 DQ 2 (UOP)

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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 Government Interventions vs. Market Based Solutions (2 PPT)

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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 case of significant government intervention as it relates to your current industry of employment or an industry in which you are interested in working. Examples of intervention programs include, but are not limited to: US agriculture support programs Low income support programs (Food Stamps, Earned Income Tax Credit, Child Tax Credit, and Temporary Assistance to Needy Families) Medicaid, Children’s Health Insurance Program, Obamacare Low income rent controls and housing vouchers Government promoting renewable energy sources, discouraging fossil fuel sources Develop a 16-slide presentation including detailed speaker notes or voiceover including the following: Describe the intervention and detail its history. Analyze the arguments for government intervention as opposed to arguments for market-based solutions. Examine who may be helped and who may be hurt by the selected government intervention. Examine externalities and/or unintended consequences of such intervention. Determine the cost trend of the intervention program since its implementation. Evaluate the success or failure of the intervention in achieving its objectives and develop conclusions. Defend the use of or discontinuation of the selected intervention. Note: The use of tables and/or charts to display economic data over the time period discussed is highly encouraged. Cite a minimum of three scholarly references. Format your paper consistent with APA guidelines.

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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.

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.

2. Discuss the number and closeness of substitute and complementary products and their impact on the pricing decision.

3. 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.

1. 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.

2. 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

3. 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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ECO 561 Week 3 DQ 1 (UOP)

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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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ECO 561 Week 3 DQ 2 (UOP)

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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

9. Regulated monopolies are empowered by public authority for which specific reason?

10. Using a significantly greater economy of scale — with attendant lower, long-run average total costs — to restrict the market entry of new competitors

11. In technology-intensive oligopolies — charcterized by dynamically evolving product design — restricting the entry additional firms is

12. Whether the market structure is monopolistic or oligopolistic, a firm may increase consumer demand for its product as an overall portion of market share if

13. One difference between firms already established in a monopolistic competition industry and those attempting to enter it is that

14. An average firm in an industry characterized by a homogeneous product, relatively low barriers to entry, and a low concentration ratio

15. A monopolistic firm may operate in a relatively mature market with little likelihood for significant change in technology or process efficiencies. To maximize its profits, such a firm might

16. Production differentiation can effectively be achieved by

17. While mass retail industries have one or several dominat producers, smaller firms have a limited set of nonpricing options. The most feasible of these inlude

18. In monopolistic competitoninductries, effective product differentiation is illustrated by

19. Differrntiation strategies vary in degree of effectiveness form one type of market structure to another. For firms other than perfect competition

20. If a firm’s industry developed from a monopolistic competiton into an oligopolistic structure, the firm would discover that

21. A firm can increase both profit and per-unit profit margin by lowering production costs. To make this a long-term outcome, the firm should

22. A firm’s cost-reduction strategies may span multiple stages, from acquisition of production input factors to product service and maintenance. When seeking to lower cost in the short term, firms should

23. Firms can shift their marginal cost curves to the right, resulting in higher outputs at the same or lower maximum-profit prices. This can be done by

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ECO 561 Week 3 Market Structure And Pricing Power

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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 product, based on text book principles and real world products under development. Identify the market structure of the industry (monopoly, oligopoly, competitive monopoly). Determine elasticity of demand for various quality ranges of the product based on textbook theory and judgments about the degree of luxury vs. necessity represented by various brands (e.g. a luxury car vs an economy car). Determine how pricing relates to elasticity of demand for competing models. Explain how changes in the quantity supplied as a result of pricing decisions might affect the company’s marginal cost, marginal revenue, and market share as production volume rises. What reaction might be expected by other producers if one producer changes its pricing strategy? Determine strategies that a company might use to develop product differentiation and market segmentation. What alternative non-pricing strategies are available? What alternative non-pricing strategies can be used to increase barriers to entry? Discuss how producers might alter the mix of fixed and variable costs to support their pricing strategy. Format the assignment consistent with APA guidelines.

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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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ECO 561 Week 4 DQ 1 (UOP)

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How does the Federal Reserve’s monetary policy affect your industry’s, or company’s growth?

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ECO 561 Week 4 DQ 2 (UOP)

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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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ECO 561 Week 4 Team Assignment Business Cycles, Economic Shocks, And Restoring Equilibrium

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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 for the study of the economic shocks and stabilization measures taken to restore equilibrium. Create a 1,400-word analysis based on the team’s assigned market in which you include the following: Analyze the economic and sociological forces that drove the market equilibrium to unsustainable heights and the shocks that brought the markets back down. What might be done to moderate the effects of these economic swings? Discuss specific changes in supply and demand. Examine prior government policies and legislation that exacerbated the impact of the shocks. Evaluate the actions of the federal government and the Federal Reserve to restore equilibrium. How effective were these counter-cyclical policies? Cite a minimum of three peer reviewed sources not including the text. Format the assignment consistent with APA guidelines.

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ECO 561 Week 5 DQ 1 (UOP)

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How does the Federal Reserve’s monetary policy affect your industry’s, or company’s growth?

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ECO 561 Week 5 DQ 2 (UOP)

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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.

11. A buisness traveller to Germany who, uopn depending in berlin, uses an airport ATM to withdraw 100 Euros from her U.S. bank would receive which kind of exchange rate?

12. Suppose Nation A can produce 2 million pounds of sugar per week OR 1 million pounds of rice in a week and Nation B can produce 10 million pounds of sugar per week OR 3 million pounds of rice in a week. If this is a two-good, two nation model, what would Nation B’s best choice in regards to trade and specialization?

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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.

In a 1,400–2,450-word paper, based on the historical data you have identified and the forecasts you have selected, evaluate the relationship among the economic indicators and the success of your firm. In addition, compare and contrast the economic reasoning that would support any differences for the respective views prepared by the forecasters. In addition, explain the any differences among the selected forecasts. In addition, project the impact of global economic conditions regarding trade and trade related issues like the specialization of labor and capital in the production process and exchange rates. Analyze the implications of these forecasts on three operations or planning issues that your organization has identified or should identify for the next two years. Based on your work, recommend any changes to these operations or planning issues that would minimize potential risks or maximize opportunities. 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.

See my feedback on your Week 2 Learning Team Assignment, and the Week 4 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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ECO 561 Week 5 Team Assignment Comparative And Absolute Advantage (2 Papers)

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This Tutorial contains 2 Papers 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 World Fact Book, World Bank data, and World Trade Organization. Research its economic, political, and cultural development. Compare the following using tables or graphs, for most recent year available and for 2009 (the trough of the last economic cycle): Country GDP per Capita Country GDP as a % of World GDP Country exports per capita Country exports as a % of GDP Country exports as a % of World exports. Country imports per capita Country imports as a % of GDP Country imports as a % of World imports (world imports = world exports) Discuss reasons why the economic growth of the four countries varies so markedly. How does trade influence the strength of the economy worldwide? Determine the stage in the lifecycle for each country’s economy. Discuss the following for each country: At least two products that have provided the country an absolute advantage in trade (if any) At least two products that have provided the country a comparative advantage in trade Factors that have prevented a country from achieving either Cite a minimum of three peer reviewed sources. Format the assignment consistent with APA guidelines.

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ECO 561 Week 6 Challenges Of Expansion To A Foreign Location (2 Papers)

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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 based on the selected country’s economy’s stage in the business cycle and the projected economic conditions. Discuss the evidence that supports your recommendations. Select a foreign market in which to expand your chosen product. Write a 1,750-word paper (including any material you include from your Week 3 assignment) detailing your findings. The use of tables and/or charts to display economic data over the time period discussed is highly encouraged. Describe current global economic conditions and their effect on local macroeconomic indicators in your selected country. Consider forecasts for population growth, GDP growth, GDP per capita growth, export growth, and sales growth. Evaluate the competitors’ existing production in the chosen country. Evaluate forecast sales in the selected country. Determine the type of economy that exists in your selected country — closed, mixed, or market. What is the difference between these types of economies and how might this affect your expansion? Describe how your chosen country’s current credit market conditions affect demand for your product or service and your planning or operating decision for your production in that country. Analyze the role of the selected country’s central bank on that country’s economy. Evaluate the availability, education, and job skills of the work force in the selected country. Discuss the additional challenges of international production, such as political stability, availability of government financing or other incentives, threat of capital controls, and exchange rate risks. Discuss any additional supply chain challenges you anticipate if attempting to sell your product made in your chosen country to countries outside of that market. Discuss any comparative advantages your company will have over competitors in that country. Recommend either for or against expanding your company’s production into your chosen country based on your research. Cite a minimum of three peer reviewed sources not including the textbook. Format your assignment consistent with APA guidelines.

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ECO 561 Week 6 DQ 1 (UOP)

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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.

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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: 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.

o What are the relationships between the organization’s data and the macroeconomic measures you have selected?

o Explain how specific planning and operating decisions at the organization can be improved using the macroeconomic data.

o How would you get reliable forecasts of these macroeconomic variables?

o In your planning, how would you deal with the uncertainty in macroeconomic forecasts?

o How do business cycles affect the performances of Big Drive Auto (or the organization of your choice)? What could the organization do to mitigate any undesirable effects of business cycles?

o Identify to what extent tariffs or quotas would affect international trade in your product

o How would you pay for imports, receive payment for exports, and manage exchange rate risk?

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