ECO 561 UOP Course Tutorial - eco561dotcom

1. ECO 561 ASH COURSE TUTORIAL-eco561dotcom

2. ECO 561 ASH Course Tutorial ECO 561 Entire Course (Devry) ECO 561 Final Exam Guide (UOP) ECO 561 Final Exam Guide • 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)

3. ECO 561 ASH Course Tutorial ECO 561 Week 1 Individual Assignment Market Equilibrating Process Paper ECO 561 Week 2 Individual Assignment Market Equilibration Process Paper Equilibration is the process of moving between two equilibrium points as a result of some change in supply or demand. • 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

4. ECO 561 ASH Course Tutorial ECO 561 Week 2 Knowledge Check (Quiz) ECO 561 Week 2 Learning Team Reflection 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. • 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. ECO 561 ASH Course Tutorial ECO 561 Week 2 Team Assignment Learning Team Project Product Pricing Component (Apple) ECO 561 Week 3 Knowledge Check (Quiz) 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. • 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. ECO 561 ASH Course Tutorial ECO 561 Week 3 Learning Team Reflection ECO 561 Week 3 Team Assignment Market Structures Simulation (Apple) 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. • 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.

7. ECO 561 ASH Course Tutorial ECO 561 Week 4 Knowledge Check (Quiz) ECO 561 Week 4 Learning Team Project Macroeconomic Forecast Outline (Apple) Question 1 Housing construction is generally believed to be an industry of constant costs. In the long run, which of the following is true if a $10 per square foot tax on housing construction is collected directly from builders? • 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?

8. ECO 561 ASH Course Tutorial ECO 561 Week 5 Knowledge Check (quiz) ECO 561 Week 5 Learning Team Project Macroeconomic Forecast Component (Apple) 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 : • . 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

9. ECO 561 ASH Course Tutorial ECO 561 Week 6 Knowledge Check (Quiz) ECO 561 Week 6 Team Assignment (Final), (Apple) 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. • 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

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