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Title: ECO 561 TUTORIALS Learn by Doing / eco561tutorials.com


1

ECO 561 TUTORIALS Learn by Doing /
eco561tutorials.com
2

ECO 561 TUTORIALS Learn by Doing
ECO 561 Entire Course FOR MORE CLASSES
VISIT www.eco561tutorials.com 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 Reflections ECO 561 Week 2
Knowledge Check (Quiz)
3

ECO 561 TUTORIALS Learn by Doing
ECO 561 Final Exam Guide (NEW) FOR MORE CLASSES
VISIT www.eco561tutorials.com ) 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
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ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 1 DQ 1 (UOP) FOR MORE CLASSES
VISIT www.eco561tutorials.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 TUTORIALS Learn by Doing
ECO 561 Week 1 DQ 2 (UOP) FOR MORE CLASSES
VISIT www.eco561tutorials.com 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.
6

ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 1 Individual Assignment Market
Equilibrating Process Paper FOR MORE CLASSES
VISIT www.eco561tutorials.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.
7

ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 1 Knowledge Check (Quiz) FOR MORE
CLASSES VISIT www.eco561tutorials.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?
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ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 2 DQ 1 (UOP) FOR MORE CLASSES
VISIT www.eco561tutorials.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?
9

ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 2 DQ 2 (UOP) FOR MORE CLASSES
VISIT www.eco561tutorials.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?
10

ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 2 Individual Assignment Market
Equilibration Process Paper FOR MORE CLASSES
VISIT www.eco561tutorials.com 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
11

ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 2 Knowledge Check (Quiz) FOR MORE
CLASSES VISIT www.eco561tutorials.com 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
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ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 2 Learning Team Reflection FOR
MORE CLASSES VISIT   www.eco561tutorials.com   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.
13

ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 2 Team Assignment Learning Team
Project Product Pricing Component (Apple) FOR
MORE CLASSES VISIT   www.eco561tutorials.com   Lea
rning 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.
14

ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 3 DQ 1 (UOP) FOR MORE CLASSES
VISIT www.eco561tutorials.com Do you think that
competition can be counted on to discipline the
industrial business firms of a modern economy?
Explain.
15

ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 3 DQ 2 (UOP) FOR MORE CLASSES
VISIT www.eco561tutorials.com In your industry,
would you support regulation or deregulation and
why or why not?
16

ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 3 Knowledge Check (Quiz) FOR MORE
CLASSES VISIT www.eco561tutorials.com 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 firms 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
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ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 3 Learning Team Reflection FOR
MORE CLASSES VISIT www.eco561tutorials.com ECO
561 Week 3 Learning Team Reflection/Deliverable Th
e 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.
18

ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 3 Team Assignment Market Structures
Simulation (Apple) FOR MORE CLASSES
VISIT www.eco561tutorials.com 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?
19

ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 4 DQ 1 (UOP) FOR MORE CLASSES
VISIT   www.eco561tutorials.com   How does the
Federal Reserve's monetary policy affect your
industries, or company's growth?
20

ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 4 DQ 2 (UOP) FOR MORE CLASSES
VISIT   www.eco561tutorials.com   How would you
evaluate monetary policy today? Is monetary
policy contradictory with fiscal policy? Why or
Why not? Support your analysis with examples.
21

ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 4 Knowledge Check (Quiz) FOR MORE
CLASSES VISIT   www.eco561tutorials.com     1.
Business cycles occur when output 2. Which
of these statements best describes a complete
individual business cycle? 3. During the
business cycle, the period between the point at
which output reaches a high and the point at
which it reaches a low is called
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ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 4 Learning Team Project
Macroeconomic Forecast Outline (Apple) FOR MORE
CLASSES VISIT   www.eco561tutorials.com   \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?
23

ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 5 DQ 1 (UOP) FOR MORE CLASSES
VISIT   www.eco561tutorials.com   How does the
Federal Reserve's monetary policy affect your
industry's, or company's growth?
24

ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 5 DQ 2 (UOP) FOR MORE CLASSES
VISIT   www.eco561tutorials.com   How would you
evaluate monetary policy today? Is monetary
policy contradictory with fiscal policy? Why or
Why not? Support your analysis with examples.
25

ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 5 Knowledge Check (quiz) FOR MORE
CLASSES VISIT   www.eco561tutorials.com   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
26

ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 5 Learning Team Project
Macroeconomic Forecast Component (Apple) FOR
MORE CLASSES VISIT www.eco561tutorials.com Identif
y 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
27

ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 6 DQ 1 (UOP) FOR MORE CLASSES
VISIT www.eco561tutorials.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.
28

ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 6 Knowledge Check (Quiz) FOR MORE
CLASSES VISIT www.eco561tutorials.com 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
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ECO 561 TUTORIALS Learn by Doing
ECO 561 Week 6 Team Assignment (Final), (Apple)
FOR MORE CLASSES VISIT www.eco561tutorials.com
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
Autos planning.
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ECO 561 TUTORIALS Learn by Doing
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