ECO 561 TUTORIALS Learn by Doing

ECO 561 TUTORIALS Learn by
Doing / eco561tutorials.com

Doing
ECO 561 Entire Course
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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

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ECO 561 Final Exam Guide (NEW)
) 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 Week 1 DQ 1 (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.

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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 Individual Assignment Market Equilibrat
ing Process Paper
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.

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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?

Doing
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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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 Individual Assignment Market Equilibrat
ion Process Paper
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

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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

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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.

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ECO 561 Week 2 Team Assignment Learning Team Project
Product Pricing Component (Apple)
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.

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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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In your industry, would you support regulation or
deregulation and why or why not?

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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 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 Week 3 Learning Team Reflection
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.

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ECO 561 Week 3 Team Assignment Market Structures Simu
lation (Apple)
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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How does the Federal Reserve's monetary policy affect
your industries, or company's growth?

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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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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 Week 4 Learning Team Project Macroeconomic Fo
recast Outline (Apple)
\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?

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

Doing
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)
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

Doing
ECO 561 Week 5 Learning Team Project Macroeconomic
Forecast Component (Apple)
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

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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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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 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
Autos planning.

Doing

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