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ECO 561 Slingshot Academy / eco561outlet.com

FOR MORE CLASSES VISIT <br>www.eco561outlet.com<br><br> <br>1) In a market economy the distribution of output will be determined primarily by: <br>A. a social consensus as to what distribution of income is most equitable. B. <br>consumer needs and preferences. C. the quantities and prices of the resources <br>that households supply. D. government regulations that provide a minimum <br>income for all. <br>

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ECO 561 Slingshot Academy / eco561outlet.com

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  1. ECO 561 Slingshot Academy / eco561outlet.com For More Tutorials www.eco561outlet.com

  2. ECO 561 Slingshot Academy / eco561outlet.com ECO 561 Final Exam Guide (UOP) ECO 561 Final Exam Guide(NEW) • 1) In a market economy the distribution of output will be determined primarily by:  • A. a social consensus as to what distribution of income is most equitable. •  B.consumer needs and preferences.  • C. the quantities and prices of the resources that households supply.  • D. government regulations that provide a minimum income for all.  • 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

  3. ECO 561 Slingshot Academy / eco561outlet.com 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.

  4. ECO 561 Slingshot Academy / eco561outlet.com ECO 561 Week 1 Economic Choice & Economic Decision Making (2 Papers) ECO 561 Week 1 Individual Assignment Market Equilibrating Process Paper • THIS TUTORIAL CONTAINS 2 PAPERS • Consider your last vehicle purchase and the decision making process you engaged in while deciding what vehicle to purchase or if a new vehicle was the right decision. 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 • 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

  5. ECO 561 Slingshot Academy / eco561outlet.com ECO 561 Week 1 Knowledge Check (Quiz) ECO 561 Week 2 DQ 1 (UOP) • 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 • 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?  

  6. ECO 561 Slingshot Academy / eco561outlet.com ECO 561 Week 2 DQ 2 (UOP) ECO 561 Week 2 Government Interventions vs. Market Based Solutions (2 PPT) • Among the types of costs faced by a firm (short-run costs, fixed and variable, as well as long-run costs), how can technology help firms to lower their costs? What are some specific examples of how firms have used technology to lower costs? • 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).

  7. ECO 561 Slingshot Academy / eco561outlet.com ECO 561 Week 2 Individual Assignment Market Equilibration Process Paper ECO 561 Week 2 Knowledge Check (Quiz) • 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.   • 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

  8. ECO 561 Slingshot Academy / eco561outlet.com ECO 561 Week 2 Learning Team Reflection ECO 561 Week 2 Team Assignment Learning Team Project Product Pricing Component (Apple) • ECO 561 Week 2 Learning Team Deliverable • The learning objectives of week 2 were to identify production level to maximize profits, explain how to balance fixed and variable costs, and to apply economic cost concepts in making business decisions.   • 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

  9. ECO 561 Slingshot Academy / eco561outlet.com 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?

  10. ECO 561 Slingshot Academy / eco561outlet.com 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? • 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.

  11. ECO 561 Slingshot Academy / eco561outlet.com ECO 561 Week 3 Market Structure And Pricing Power ECO 561 Week 3 Team Assignment Market Structures Simulation (Apple) • ECO 561 WEEK 3 MARKET STRUCTURE AND PRICING POWER • Select a new, realistic good or service for an existing industry, preferably an industry you current work in or one in which you are interested in working. • Learning Team Assignment: Market Structures Simulation • Write a 1,050- to 1,400- word paper where you explain the following in the context of the simulation. 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.

  12. ECO 561 Slingshot Academy / eco561outlet.com ECO 561 Week 4 DQ 1 (UOP) ECO 561 Week 4 DQ 2 (UOP) • How does the Federal Reserve's monetary policy affect your industry's, or company's growth?  • How would you evaluate monetary policy today?  Is monetary policy contradictory with fiscal policy? Why or Why not?  Support your analysis with examples.

  13. ECO 561 Slingshot Academy / eco561outlet.com ECO 561 Week 4 Knowledge Check (Quiz) ECO 561 Week 4 Learning Team Project Macroeconomic Forecast Outline (Apple) • 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 • 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?

  14. ECO 561 Slingshot Academy / eco561outlet.com ECO 561 Week 4 Team Assignment Business Cycles, Economic Shocks, And Restoring Equilibrium ECO 561 Week 5 DQ 1 (UOP) • 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 • How does the Federal Reserve's monetary policy affect your industry's, or company's growth? 

  15. ECO 561 Slingshot Academy / eco561outlet.com 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 should

  16. ECO 561 Slingshot Academy / eco561outlet.com ECO 561 Week 5 Learning Team Project Macroeconomic Forecast Component (Apple) ECO 561 Week 5 Team Assignment Comparative And Absolute Advantage • Learning Team Assignment: Learning Team Project Macroeconomic Forecast Component • Include the following in this paper; • 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 • 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

  17. ECO 561 Slingshot Academy / eco561outlet.com ECO 561 Week 6 Challenges Of Expansion To A Foreign Location (2 Papers) ECO 561 Week 6 DQ 1 (UOP) • 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 • 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. 

  18. ECO 561 Slingshot Academy / eco561outlet.com 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 • 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) 

  19. ECO 561 Slingshot Academy / eco561outlet.com For More Tutorials www.eco561outlet.com

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