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<strong>ECO</strong> <strong>561</strong> <strong>Final</strong> <strong>Exam</strong><br />
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and <strong>ECO</strong> <strong>561</strong> <strong>Final</strong> <strong>Exam</strong> answers free for your study material.<br />
<strong>ECO</strong> <strong>561</strong> Week 1 Complete<br />
<strong>ECO</strong> <strong>561</strong> Week 1<br />
DQ1.What is the definition of economics (distinguish between microeconomics<br />
and macroeconomics). What is the role of economic theory in economics?<br />
DQ2.what is the difference between a command system and a market system?<br />
DQ3.There are several determinants of demand or the "other things," besides<br />
price, which affect demand. Can you provide a few examples?<br />
DQ4.Different products have different elasticity's. Heart medication, for<br />
example is inelastic; and corn is elastic. Find a product and describe its price<br />
elasticity and income elasticity. How much control might an organization have<br />
over pricing based on a product's elasticity?<br />
Individual Assignment - Week One Knowledge Check<br />
Complete the Week One Knowledge Check.
Read More Courses Online here ……….. <strong>ECO</strong> <strong>561</strong> Week 1 DQ 1 | <strong>ECO</strong><br />
<strong>561</strong> Week 1 DQ 2 | <strong>ECO</strong> <strong>561</strong> Week 1 DQ 3 | <strong>ECO</strong> <strong>561</strong> Week 1 DQ 4 |<br />
<strong>ECO</strong> <strong>561</strong> Week 1 Quiz or Knowledge Check<br />
<strong>ECO</strong> <strong>561</strong> Week 2 Complete<br />
<strong>ECO</strong> <strong>561</strong> Week 2<br />
DQ1.Distinguish between explicit and implicit costs, and between normal and<br />
economic profits.<br />
DQ2.Briefly (in a few words) state the basic characteristics of pure<br />
competition, pure monopoly, monopolistic competition, and oligopoly. Under<br />
which of these market classifications does each of the following most<br />
accurately fit? (a) a supermarket in your hometown; (b) the steel industry; (c)<br />
a Kansas wheat farm; (d) the commercial bank in which you or your family has<br />
an account; (e) the automobile industry. In each case justify your classification.<br />
DQ3.Why do you think the resource demand curve slopes downward? What<br />
are some determinants of resource demand?<br />
Individual Assignment - Week Two Knowledge Check<br />
Complete the Week Two Knowledge Check<br />
Individual Assignment - Market Equilibration Process Paper<br />
Equilibration is the process of moving between two equilibrium points as a<br />
result of some change in supply or demand. Understanding how market<br />
equilibrium is sought following such a change is essential for business<br />
managers. It is important to understand how economic principles, and
specifically supply, demand, and their determents are a part of your everyday<br />
business decisions.<br />
Write a paper, or create a PowerPoint presentation using a real world<br />
experience in a free market (not government regulated) to describe a change<br />
that occurred in supply or demand as a result of world events that led to the<br />
need for a move between two equilibrium states. Explain the process of how<br />
that movement occurred using behaviors of consumers and suppliers. Graph<br />
the movement between the two<br />
points as well.<br />
Required Elements:<br />
• Include academic research to support your ideas<br />
• Consider the Law of demand and the determinants of demand<br />
• Consider the Law of supply and the determinants of supply<br />
• Describe Efficient markets theory<br />
• Explain Surplus and shortage<br />
• Deliver the content in no more than a 700-word paper, OR 7- to 10- slide<br />
Microsoft PowerPoint presentation (Please choose one of these choices, not<br />
both)<br />
• Use University of Phoenix Material: Appendix A to create graphs illustrating<br />
the movement between the two equilibrium points and include this in the<br />
body of the assignment.<br />
• Your assignment is consistent with APA guidelines.<br />
Click the Assignment Files tab to submit your assignment.
Read More Courses online Here ……….. <strong>ECO</strong> <strong>561</strong> Week 2 DQ 1 |<br />
<strong>ECO</strong> <strong>561</strong> Week 2 DQ 2 | <strong>ECO</strong> <strong>561</strong> Week 2 DQ 3 | <strong>ECO</strong> <strong>561</strong> Week 2<br />
Market Equilibration Process Paper | <strong>ECO</strong> <strong>561</strong> Week 2 Quiz or<br />
Knowledge Check<br />
<strong>ECO</strong> <strong>561</strong> Week 3 Complete<br />
<strong>ECO</strong> <strong>561</strong> Week 3<br />
DQ1.How was De Beers able to control the world price of diamonds over the<br />
past several decades even though it produced only 50 percent of the<br />
diamonds? What factors ended its monopoly? What is its new strategy for<br />
earning economic profit, rather than just normal profit?<br />
DQ2.Why is there so much advertising in monopolistic competition and<br />
oligopoly? How does such advertising help consumers and promote<br />
efficiency? Why might it be excessive at times?<br />
Individual Assignment - Week Three Knowledge Check<br />
Complete the Week Three Knowledge Check.<br />
Read More Courses online Here ……….. <strong>ECO</strong> <strong>561</strong> Week 3 DQ 1 | <strong>ECO</strong><br />
<strong>561</strong> Week 3 | DQ 2<strong>ECO</strong> <strong>561</strong> Week 3 Quiz or Knowledge Check | AJS<br />
504 Week 3 DQ 2
<strong>ECO</strong> <strong>561</strong> Week 4 Complete<br />
<strong>ECO</strong> <strong>561</strong> Week 4<br />
Individual Assignment - Business Proposal<br />
You will apply economic principles presented in Weeks One through<br />
Three in this week's assignment. Your assignment will be reviewed<br />
by your peers and by your facilitator in week five and should be<br />
revised as necessary based on feedback as the first part of the final<br />
assignment in<br />
week six.<br />
Select a new, realistic good or service for an existing industry.<br />
Write the economic analysis section of a business proposal. This will<br />
include statements about the market structure and the elasticity of<br />
demand for the good or service, based on text book principles. You<br />
need to create hypothetical data, based on similar real world<br />
products to estimate fixed and variable costs.<br />
Required Elements:<br />
• Identify market structure<br />
• Identify elasticity of the product<br />
• Include rationale for the following questions:<br />
• How will pricing relate to elasticity of your product?<br />
• How will changes in the quantity supplied as a result of your pricing<br />
decisions affect marginal cost and marginal revenue?
• Besides your pricing decisions, what are your suggested nonpricing<br />
strategies? What nonpricing strategies will you use to increase<br />
barriers to entry?<br />
• How could changes in your business operations alter the mix of<br />
fixed and variable costs in line with your strategy?<br />
• No more than 1400 words<br />
• Your proposal is consistent with APA guidelines<br />
Click the Assignment Files tab to submit your assignment<br />
Individual Assignment - Week Four Knowledge Check<br />
Complete the Week Four Knowledge Check.<br />
Read More Courses online Here ………..<strong>ECO</strong> <strong>561</strong> Week 4 Business<br />
Proposal | <strong>ECO</strong> <strong>561</strong> Week 4 Quiz or Knowledge Check<br />
<strong>ECO</strong> <strong>561</strong> Week 5 Complete<br />
<strong>ECO</strong> <strong>561</strong> Week 5<br />
DQ1.Briefly describe the multiplier effect. The multiplier effect is<br />
based on two facts - what are they?<br />
DQ2.What backs the money supply in the United States?<br />
DQ3.After you have a chance to read the chapter, I look forward to<br />
hearing from you on what interested you the most?
DQ4.How do mortgage backed securities work? Why did banks think<br />
that selling mortgage backed securities would relieve them of the<br />
risks involved with mortgage lending? How did the banks indirectly<br />
come to once again be exposed to mortgage lending risk? What<br />
happened to bank reserves during the mortgage debt crisis? How did<br />
the Fed respond?<br />
Learning Team Assignment - Peer Review<br />
Resource: Business Proposal Feedback Checklist.<br />
Choose two business proposals from members of your Learning<br />
Team.<br />
Provide feedback to your peers on the proposals using the Business<br />
Proposal Feedback Checklist. Include detailed, substantive<br />
comments.<br />
Submit the completed checklists with comments to the<br />
corresponding students.<br />
Submit a copy of the completed checklists with comments to your<br />
facilitator. Your comments are evaluated based on how well they<br />
correspond with the economic principles presented in Weeks One<br />
through Three.<br />
Click the Assignment Files tab to submit your assignment.<br />
Individual Assignment - Week Five Knowledge Check<br />
Complete the Week Five Knowledge Check.
Read More Courses Here ………….<strong>ECO</strong> <strong>561</strong> Week 5 DQ 1 | <strong>ECO</strong> <strong>561</strong><br />
Week 5 DQ 2 | <strong>ECO</strong> <strong>561</strong> Week 5 DQ 3 | <strong>ECO</strong> <strong>561</strong> Week 5 DQ 4 | <strong>ECO</strong><br />
<strong>561</strong> Week 5 Peer Review | <strong>ECO</strong> <strong>561</strong> Week 5 Quiz or Knowledge<br />
Check<br />
<strong>ECO</strong> <strong>561</strong> Week 6 Complete<br />
<strong>ECO</strong> <strong>561</strong> Week 6<br />
DQ1.Is growth sustainable? Yes, say proponents of growth.<br />
DQ2.What are the four supply factors of economic growth? What is<br />
the demand factor? What is the efficiency factor?<br />
Individual Assignment - Week Six Knowledge Check<br />
Complete the Week Six Knowledge Check.<br />
Individual Assignment - <strong>Final</strong> Proposal<br />
Resource: Business Proposal and Peer Review feedback.<br />
Revise your Week Four business proposal using the feedback<br />
provided by your peers and facilitator as necessary. In addition to<br />
your week four paper, the second part of your paper will use the<br />
revised information to recommend appropriate pricing and non<br />
pricing strategies for your new or existing good or service based on<br />
the projected economy's stage in the business cycle and the
prevailing projected economic conditions for one or more<br />
macroeconomic factors. Explain the<br />
evidence that supports these recommendations.<br />
Required Elements:<br />
• Describe the current global economic conditions and their effect on<br />
local macroeconomic indicators for your good or service.<br />
• Describe the local economy's stage in the business cycle.<br />
• Describe how current credit market conditions affect your planning<br />
or operating decision for your good or service.<br />
• No more than 2100 words (in addition to the 1400 word paper<br />
completed in week four, an additional three pages at most is<br />
needed)<br />
Click the Assignment Files tab to submit your assignment.<br />
Read More Courses Here …………. <strong>ECO</strong> <strong>561</strong> Week 6 DQ 1 | <strong>ECO</strong> <strong>561</strong><br />
Week 6 DQ 2 | <strong>ECO</strong> <strong>561</strong> Week 6 <strong>Final</strong> Proposal | <strong>ECO</strong> <strong>561</strong> Week 6<br />
Quiz or Knowledge Check | <strong>ECO</strong> <strong>561</strong> Week 6 <strong>Final</strong> <strong>Exam</strong>
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