ECO 561 MART Seek Your Dream/eco561mart.com

1. FOR MORE CLASSES VISIT www.eco561mart.com ECO 561 MART Seek Your Dream/eco561mart.com

2. ECO 561 Final Exam Guide (New) FOR MORE CLASSES VISIT www.eco561mart.com 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

3. ECO 561 Week 1 Assignment Influence of Economics on Household Decision (2 Papers, 1000 words) FOR MORE CLASSES VISIT www.eco561mart.com This Tutorial contains 2 Papers 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

4. ECO 561 Week 1 DQ 1 (UOP) FOR MORE CLASSES VISIT www.eco561mart.com 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. 

5. ECO 561 Week 2 Team Assignment Learning Team Project Product Pricing Component (Apple) FOR MORE CLASSES VISIT www.eco561mart.com 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.

6. ECO 561 Week 1 Economic Choice & Economic Decision Making (2 Papers) FOR MORE CLASSES VISIT www.eco561mart.com 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

7. ECO 561 Week 1 Individual Assignment Market Equilibrating Process Paper FOR MORE CLASSES VISIT www.eco561mart.com 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.

8. ECO 561 Week 1 Knowledge Check (Quiz) FOR MORE CLASSES VISIT www.eco561mart.com 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?

9. ECO 561 Week 2 DQ 1 (UOP) FOR MORE CLASSES VISIT www.eco561mart.com 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?  

10. ECO 561 Week 2 DQ 2 (UOP) FOR MORE CLASSES VISIT www.eco561mart.com 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?

11. ECO 561 Week 2 Government Interventions vs. Market Based Solutions (2 PPT) FOR MORE CLASSES VISIT www.eco561mart.com 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

12. ECO 561 Week 2 Individual Assignment Market Equilibration Process Paper FOR MORE CLASSES VISIT www.eco561mart.com 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.

13. ECO 561 Week 2 Team Assignment Learning Team Project Product Pricing Component (Apple) FOR MORE CLASSES VISIT www.eco561mart.com 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.

14. ECO 561 Week 3 Assignment Research Analysis for Business (Starbucks) FOR MORE CLASSES VISIT www.eco561mart.com 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

15. ECO 561 Week 3 DQ 1 (UOP) FOR MORE CLASSES VISIT www.eco561mart.com Do you think that competition can be counted on to discipline the industrial business firms of a modern economy? Explain. 

16. ECO 561 Week 3 DQ 2 (UOP) FOR MORE CLASSES VISIT www.eco561mart.com In your industry, would you support regulation or deregulation and why or why not?

17. ECO 561 Week 3 Market Structure And Pricing Power FOR MORE CLASSES VISIT www.eco561mart.com 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

18. ECO 561 Week 3 Team Assignment Market Structures Simulation (Apple) FOR MORE CLASSES VISIT www.eco561mart.com 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?

19. ECO 561 Week 3 Team Managing Fixed and Variable Cost FOR MORE CLASSES VISIT www.eco561mart.com Purpose of Assignment In this week, students are learning about managing different types of economic costs. Organizations typically have either high fixed costs or low fixed costs, and it is important to understand how business decisions differ in organizations with high fixed costs from organizations with low fixed costs. 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. Hoover's Company Profiles by ProQuest located in the University Library Choose two publicly-held organizations. One organization must have high fixed costs and low variable costs, and the other organization must

20. ECO 561 Week 4 Assignment Inflation and Analyses of Monetary Policies Presentation (2 PPT) FOR MORE CLASSES VISIT www.eco561mart.com This Tutorial contains 2 Presentation ECO 561 Week 4 Assignment Inflation and Analyses of Monetary Policies

21. ECO 561 Week 4 AssignmentInflation and Analyses of Monetary Policies (2 Papers) FOR MORE CLASSES VISIT www.eco561mart.com This Tutorial contains 2 Papers Inflation and Analyses of Monetary Policies Purpose of Assignment This assignment will introduce students to the U.S. Department of Labor's Bureau of Labor Statistics (BLS) data and provide students with the skills to calculate inflation and interpret the Consumer Price Index (CPI). Note: The BLS is the primary source of information on inflation, but their data is re-posted in other sources, such as the St. Louis Federal Reserve FRED site, among others. Assignment Steps Use an internet search or the University Library to locate information on the Consumer Price Index (CPI). Internet sites you might find useful include the Bureau of Labor Statistics (BLS) and the Federal Reserve of St. Louis FRED web site although

22. ECO 561 Week 4 DQ 1 (UOP) FOR MORE CLASSES VISIT www.eco561mart.com How does the Federal Reserve's monetary policy affect your industry's, or company's growth? 

23. ECO 561 Week 4 DQ 2 (UOP) FOR MORE CLASSES VISIT www.eco561mart.com How would you evaluate monetary policy today?  Is monetary policy contradictory with fiscal policy? Why or Why not?  Support your analysis with examples.

24. ECO 561 Week 4 Learning Team Project Macroeconomic Forecast Outline (Apple) FOR MORE CLASSES VISIT www.eco561mart.com 1. Learning Team Asignment: 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?

25. ECO 561 Week 4 Team Assignment Business Cycles, Economic Shocks, And Restoring Equilibrium FOR MORE CLASSES VISIT www.eco561mart.com 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

26. ECO 561 Week 5 Assignment Effectiveness of the Counter Cyclical Policies (2 PPT) FOR MORE CLASSES VISIT www.eco561mart.com This Tutorial contains 2 Presentations Purpose of Assignment This assignment addresses how both monetary and fiscal policies have been used during the so-called Great Recession, which began in December 2007 and ended in June 2009, to the present to moderate the business cycle. 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. Create a minimum 12 minute 10-slide PowerPoint® presentation to present to the class, including detailed speaker notes, in which you analyze your choice of one the following markets or industries: • The housing market • Financial markets •

27. ECO 561 Week 5 DQ 1 (UOP) FOR MORE CLASSES VISIT www.eco561mart.com How does the Federal Reserve's monetary policy affect your industry's, or company's growth? 

28. ECO 561 Week 5 DQ 2 (UOP) FOR MORE CLASSES VISIT www.eco561mart.com How would you evaluate monetary policy today?  Is monetary policy contradictory with fiscal policy? Why or Why not?  Support your analysis with examples.

29. ECO 561 Week 5 Learning Team Project Macroeconomic Forecast Component (Apple) FOR MORE CLASSES VISIT www.eco561mart.com 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

30. ECO 561 Week 5 Team Assignment Comparative And Absolute Advantage (2 Papers) FOR MORE CLASSES VISIT www.eco561mart.com 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

31. ECO 561 Week 5 Team Assignment Comparative and Absolute Advantage (USA, China, France) FOR MORE CLASSES VISIT www.eco561mart.com Develop a minimum 1,050-word analysis of the international economy in which you do the following: Research each country below, using resources such as the CIA World Fact Book, World Bank data, World Trade Organization (WTO), and the Federal Reserve Bank. Research each of your three chosen country's economic, political, and cultural development: • USA • France • China • Analyze measures of economic growth and of comparative and absolute advantage in international trade. • Use tables and/or graphs to compare the following economic statistics/indicators of your three chosen countries for the most recent year available and for 2009 (the trough of the last economic cycle): • Country Real GDP • Country CPI • Country Real

32. ECO 561 Week 6 Challenges Of Expansion To A Foreign Location (2 Papers) FOR MORE CLASSES VISIT www.eco561mart.com 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

33. ECO 561 Week 6 DQ 1 (UOP) FOR MORE CLASSES VISIT www.eco561mart.com 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. 

34. FOR MORE CLASSES VISIT www.eco561mart.com ECO 561 MART Seek Your Dream/eco561mart.com