ECO 561 Exceptional Education - snaptutorial.com

ECO 561 Week 5 Assignment Effectiveness of
the Counter-Cyclical Policies (2 PPT,
Automobile Industry)
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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
 Commodity and stock markets
 An industry of your choice, such as the automobile industry, the
airline industry, retail trade, or any other major industry that
suffered heavy losses during the Great Recession
Your analysis will extend from the beginning of the Great Recession,
which was December 2007, to the present and should include the
following:

 An Excel® workbook with the following datasets:
o One dataset related to the U.S. housing industry such as
housing starts, the FHFA housing price index, or another
dataset of your choice related to the housing market.
o One dataset related to personal or household income or to
personal or household saving.
o One dataset related to the labor market such as the
unemployment rate, initial claims for unemployment
insurance, or another dataset of your choice related to the
U.S. labor force.
o One dataset related to production and business activity
within the market or industry you choose to analyze.
 Find your datasets by using different internet data sources,
including, but not limited to, the Federal Reserve Bank of St.
Louis's FRED site, U.S. Dept. of Commerce's Bureau of
Economic Analysis (BEA), U.S. Dept. of Labor's Bureau of
Labor Statistics, U.S. Census Bureau, and The Organization for
Economic Co-operation and Development (OECD). Using data
results analyze the economic and sociological forces that drove
the market equilibrium to unsustainable heights, commonly
referred to as "bubbles," and the shocks that brought the markets
back down.
 Discuss specific changes in supply and demand within the
markets and/or industries you chose to analyze.
 Examine prior government policies and legislation that might
have exacerbated the impact of the shocks. Also, discuss
government actions/regulations that might be undertaken, and/or
have been undertaken, to moderate the effects of extreme
economic fluctuations.
 Evaluate the actions of the federal government (fiscal policy)
and the Federal Reserve (monetary policy) to restore the
economy and foster economic growth. Base your evaluation on
information available at Internet sources such as, but not limited
to, the Fed's The Economy Crisis and Response website as well
as other appropriate sources found on the Internet and in the
University Library. Be sure you address the effectiveness of
those counter-cyclical policies.

Cite a minimum of three peer-reviewed sources and economic data
not including the course text. Submit the data results in a separate
Microsoft® Excel® file.
Format the assignment consistent with APA guidelines.
ECO 561 Week 5 DQ 1
How does the Federal Reserve's monetary policy affect your
industry's, or company's growth?
ECO 561 Week 5 DQ 2
How would you evaluate monetary policy today? Is monetary policy
contradictory with fiscal policy? Why or Why not? Support your
analysis with examples.
ECO 561 Week 5 Team Assignment
Comparative And Absolute Advantage (2
Papers)

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 a % of World GDP
Country exports per capita
Country exports as a % of GDP
Country exports as a % of World exports.
Country imports per capita
Country imports as a % of GDP
Country imports as a % of World imports (world imports = world
exports)

Discuss reasons why the economic growth of the four countries varies
so markedly. How does trade influence the strength of the economy
worldwide?
Determine the stage in the lifecycle for each country's economy.
Discuss the following for each country:
At least two products that have provided the country an absolute
advantage in trade (if any)
At least two products that have provided the country a comparative
advantage in trade
Factors that have prevented a country from achieving either
Cite a minimum of three peer reviewed sources.
ECO 561 Week 5 Team Assignment
Comparative and Absolute Advantage (New
Syllabus, 2 Papers)
Paper 1: USA, China,France
Paper 2: USA, China, Democratic republic of Congo, Saudi
Arabia
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 Exports
• Country Real Imports
• Country Unemployment Rate
• Country Industrial Production
• Discuss reasons why the economic growth of the three countries
varies. How does international trade influence the strength of the
economy worldwide?
• Discuss the following for each country:
• At least two products that have provided the country an absolute
advantage in trade (if any).
• At least two products that have provided the country a comparative
advantage in trade.
• Factors that might have prevented any of your three chosen
countries from achieving absolute and/or comparative advantages.
Cite a minimum of three peer-reviewed sources.
ECO 561 Week 6 Challenges Of Expansion To
A Foreign Location (2 Papers)

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 your findings. The use of tables
and/or charts to display economic data over the time period discussed
is highly encouraged.
Describe current global economic conditions and their effect on local
macroeconomic indicators in your selected country. Consider
forecasts for population growth, GDP growth, GDP per capita growth,
export growth, and sales growth.
Evaluate the competitors' existing production in the chosen country.
Evaluate forecast sales in the selected country.
Determine the type of economy that exists in your selected country -
closed, mixed, or market. What is the difference between these types
of economies and how might this affect your expansion?
Describe how your chosen country's current credit market conditions
affect demand for your product or service and your planning or
operating decision for your production in that country.
Analyze the role of the selected country's central bank on that
country's economy.

Evaluate the availability, education, and job skills of the work force in
the selected country. Discuss the additional challenges of international
production, such as political stability, availability of government
financing or other incentives, threat of capital controls, and exchange
rate risks.
Discuss any additional supply chain challenges you anticipate if
attempting to sell your product made in your chosen country to
countries outside of that market.
Discuss any comparative advantages your company will have over
competitors in that country.
Recommend either for or against expanding your company's
production into your chosen country based on your research.
Cite a minimum of three peer reviewed sources not including the
textbook.
Format your assignment consistent with APA guidelines.
ECO 561 Week 6 DQ 1
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
ECO 561 Week 6 Signature Assignment
Challenges of Expansion to a Foreign
Location (GameStop)

This week students will review and revise their Week 3 Research
Analysis for Business Signature Assignment based on economic
analysis and the feedback provided by their facilitator. Students will
also expand their Week 3 analyses to evaluate the challenges of
expanding their chosen company's production to a foreign market.
About Your Signature Assignment
This signature assignment is designed to align with specific program
student learning outcome(s) in your program. Program Student
Learning Outcomes are broad statements that describe what students
should know and be able to do upon completion of their degree. The
signature assignments might be graded with an automated rubric that
allows the University to collect data that can be aggregated across a
location or college/school and used for program improvements.
Assignment Steps
Revise your Week 3 assignment, Research Analysis for Business,
using the feedback provided by your facilitator. This Week 6 report
should only include one conclusion, so you will need to rewrite the
conclusion you included in your Week 3 assignment, Research
Analysis for Business.
Select a foreign market in which to expand your chosen product. If
you wish, you may use one of the countries your team analyzed in
their Week 5 Comparative and Absolute Advantage Assignment.
Prepare a minimum1,750-word report addressing the points listed
below. The use of tables and/or charts to display economic data over
the time period discussed is highly encouraged, you may submit any

economic data in Microsoft® Excel® format in a separate file. You
may use the U.S. Department of Labor's Bureau of Labor Statistics
(BLS), U.S. Dept. of Commerce's Bureau of Economic Analysis
(BEA), the Federal Reserve of St. Louis's FRED data, the CIA World
Fact Book, World Bank data, and World Trade Organization, or other
appropriate sources you might find on the Internet or in the University
Library. The new sections of your report should:
· Evaluate current global economic conditions and their effects
on macroeconomic indicators in your selected country. Provide
forecasts for population growth, gross domestic product (GDP)
growth, GDP per capita growth, export growth, and sales growth.
· Evaluate any competitors' existing production in the chosen
country.
· Assess sales forecasts in the selected country by using the
Federal Reserve of St. Louis's FRED data, the CIA World Fact Book,
World Bank data, World Trade Organization, or other appropriate
sources you might find on the Internet or in the University Library.
· Categorize the type of economy that exists in your selected
country as closed, mixed, or market. What is the difference between
these types of economies and how might this affect your expansion?
· Assess how your chosen country's current credit market
conditions, especially interest rates and the availability of financing,
affect demand for your product or service and your planning or
operating decision for your production in that country.
· Analyze the role of the selected country's central bank on that
country's economy.
· Compare the availability, education, and job skills of the work
force in the selected country. Discuss any additional challenges of
international production, such as political stability, availability of
government financing or other incentives, threat of capital controls,
and exchange rate risks.
· Explain any additional supply chain challenges you anticipate if
attempting to make your product in your chosen country and selling
the product in other countries.
· Based on the data gathered and analysis performed for this
report write a conclusion in which you:

· Create business strategies, including price and non-price
strategies, based on your market structure to ensure the market share
and potential market expansions and explore global opportunities for
your business in a dynamic business environment and provide
recommendations.
· Develop a recommendation for how the firm can manage its
future production by synthesizing the macroeconomic and
microeconomic data presented.
· Propose how the firm's position within the market and among
its competitors will allow it to take your recommended action.
· Recommend strategies for the firm to sustain its success going
forward by evaluating the findings from demand trends, price
elasticity, current stage of the business cycle, and government.
· Recommend any comparative advantages your company will
have over competitors currently operating in that country, and defend
your position, either for or against, expanding your company's
production into your chosen country based on your research.
Integrate with the Week 3 Individual Assignment, and incorporate
corrections and suggestions from the instructor's feedback. The final
report should be a minimum of 2,800 words.
textbook.
Include all peer-reviewed references and government economic data
sources/references from Week 3.
Challenges of Expansion to a Foreign
Location (General Motors)

• Evaluate current global economic conditions and their effects on
macroeconomic indicators in your selected country. Provide forecasts
for population growth, gross domestic product (GDP) growth, GDP
per capita growth, export growth, and sales growth.
• Evaluate any competitors' existing production in the chosen country.
• Assess sales forecasts in the selected country by using the Federal
Reserve of St. Louis's FRED data, the CIA World Fact Book, World
Bank data, World Trade Organization, or other appropriate sources
you might find on the Internet or in the University Library.
• Categorize the type of economy that exists in your selected country
as closed, mixed, or market. What is the difference between these
types of economies and how might this affect your expansion?
• Assess how your chosen country's current credit market conditions,
especially interest rates and the availability of financing, affect
demand for your product or service and your planning or operating
decision for your production in that country.
• Analyze the role of the selected country's central bank on that
country's economy.
• Compare the availability, education, and job skills of the work force
in the selected country. Discuss any additional challenges of
international production, such as political stability, availability of
government financing or other incentives, threat of capital controls,
and exchange rate risks.
• Explain any additional supply chain challenges you anticipate if
attempting to make your product in your chosen country and selling
the product in other countries.
• Based on the data gathered and analysis performed for this report
write a conclusion in which you:
• Create business strategies, including price and non-price strategies,
based on your market structure to ensure the market share and

potential market expansions and explore global opportunities for your
business in a dynamic business environment and provide
recommendations.
• Develop a recommendation for how the firm can manage its future
production by synthesizing the macroeconomic and microeconomic
data presented.
• Propose how the firm's position within the market and among its
competitors will allow it to take your recommended action.
• Recommend strategies for the firm to sustain its success going
• Recommend any comparative advantages your company will have
over competitors currently operating in that country, and defend your
position, either for or against, expanding your company's production
into your chosen country based on your research.
textbook.
Research Analysis for Business (Starbucks)

This week students will review and revise their Week 3 Research
Analysis for Business Signature Assignment based on economic
analysis and the feedback provided by their facilitator. Students will
also expand their Week 3 analyses to evaluate the challenges of
expanding their chosen company's production to a foreign market.
About Your Signature Assignment
This signature assignment is designed to align with specific program
student learning outcome(s) in your program. Program Student
Learning Outcomes are broad statements that describe what students
should know and be able to do upon completion of their degree. The
signature assignments might be graded with an automated rubric that
allows the University to collect data that can be aggregated across a
location or college/school and used for program improvements.
Assignment Steps
Revise your Week 3 assignment, Research Analysis for Business,
using the feedback provided by your facilitator. This Week 6 report
should only include one conclusion, so you will need to rewrite the
conclusion you included in your Week 3 assignment, Research
Analysis for Business.
Select a foreign market in which to expand your chosen product. If
you wish, you may use one of the countries your team analyzed in
their Week 5 Comparative and Absolute Advantage Assignment.
Prepare a minimum1,750-word report addressing the points listed
below. The use of tables and/or charts to display economic data over
the time period discussed is highly encouraged, you may submit any

 Evaluate current global economic conditions and their effects on
macroeconomic indicators in your selected country. Provide
forecasts for population growth, gross domestic product (GDP)
growth, GDP per capita growth, export growth, and sales
growth.
 Evaluate any competitors' existing production in the chosen
country.
 Assess sales forecasts in the selected country by using the
Federal Reserve of St. Louis's FRED data, the CIA World Fact
Book, World Bank data, World Trade Organization, or other
appropriate sources you might find on the Internet or in the
University Library.
 Categorize the type of economy that exists in your selected
country as closed, mixed, or market. What is the difference
between these types of economies and how might this affect
your expansion?
 Assess how your chosen country's current credit market
conditions, especially interest rates and the availability of
financing, affect demand for your product or service and your
planning or operating decision for your production in that
country.
 Analyze the role of the selected country's central bank on that
country's economy.
 Compare the availability, education, and job skills of the work
force in the selected country. Discuss any additional challenges
of international production, such as political stability,
availability of government financing or other incentives, threat
of capital controls, and exchange rate risks.
 Explain any additional supply chain challenges you anticipate if
attempting to make your product in your chosen country and
selling the product in other countries.

 Based on the data gathered and analysis performed for this
 Create business strategies, including price and non-price
strategies, based on your market structure to ensure the market
share and potential market expansions and explore global
opportunities for your business in a dynamic business
environment and provide recommendations.
 Develop a recommendation for how the firm can manage its
 Propose how the firm's position within the market and among its
 Recommend strategies for the firm to sustain its success going
 Recommend any comparative advantages your company will
have over competitors currently operating in that country, and
defend your position, either for or against, expanding your
company's production into your chosen country based on your
research.
textbook.
ECO 561 All Assignments (2 Sets With Final)

This Tutorial contains 2 Papers for each Assignment
ECO 561 Final Exam Guide (New, 2017) (Score 29/30)
ECO 561 Week 1 Assignment Influence of Economics on Household
Decision (2 Papers)
ECO 561 Week 2 Assignment Government Interventions (Bailout of
U.S. auto makers)
ECO 561 Week 2 Government Interventions vs. Market Based
Solutions (2 PPT)
ECO 561 Week 3 Assignment Research Analysis for Business
(GameStop)
(Starbucks)
(General Motors)
ECO 561 Week 3 Team Managing Fixed and Variable Cost (2 PPT)
ECO 561 Week 4 Assignment Inflation and Analyses of Monetary
Policies (2 Papers)
ECO 561 Week 5 Team Assignment Comparative and Absolute
Advantage (2 Papers)

ECO 561 Week 5 Assignment Effectiveness of the Counter-Cyclical
Policies (2 PPT)
ECO 561 Week 6 Signature Assignment Challenges of Expansion to a
Foreign Location (GameStop)
Foreign Location (General Motors)
Foreign Location (Starbucks)
ECO 561 All Assignments (2 Sets, No Final)
This Tutorial contains 2 Papers for each Assignment
ECO 561 Week 1 Assignment Influence of Economics on Household
Decision (2 Papers)
ECO 561 Week 2 Assignment Government Interventions (Bailout of
U.S. auto makers)
ECO 561 Week 2 Government Interventions vs. Market Based
Solutions (2 PPT)

(GameStop)
(Starbucks)
(General Motors)
ECO 561 Week 3 Team Managing Fixed and Variable Cost (2 PPT)
Policies (2 Papers)
ECO 561 Week 5 Team Assignment Comparative and Absolute
Advantage (2 Papers)
ECO 561 Week 5 Assignment Effectiveness of the Counter-Cyclical
Policies (2 PPT)
Foreign Location (GameStop)
Foreign Location (General Motors)
Foreign Location (Starbucks)
ECO 561 Final Exam Guide (New 2019) (Score
29 30)

ECO 561 Final Exam Guide (New, 2018) (Score 29/30)
1 Which of the following have substantially equivalent effects on a
nation's volume of exports and imports?
Exchange rate appreciation and domestic deflation
Exchange rate depreciation and domestic inflation
Exchange rate appreciation and a decrease in the domestic supply of
money
Exchange rate depreciation and domestic deflation
2 Which of the following statements best describes the 12 Federal
Reserve Banks?
They are privately owned and publicly controlled central banks whose
basic goal is to earn profits for their owners.
They are privately owned and privately controlled central banks
whose basic goal is to provide an ample and orderly market for U.S.
Treasury securities.

basic function is to minimize the risks in commercial banking in order
to make it a reasonably profitable industry.
basic goal is to control the money supply and interest rates in
promoting the general economic welfare
3 Buyers will opt out of markets in which:
there are only foreign sellers
there is inadequate information about sellers and their products
there are significant negative externalities
standardized products are being produced
4 Pure monopolists may obtain economic profits in the long run
because:
of advertising
marginal revenue is constant as sales increase
of rising average fixed costs
of barriers to entry

5 All else equal, a large decline in the real interest rate will shift the:
investment demand curve rightward
investment demand curve leftward
investment schedule upward
investment schedule downward
6 In order for mutually beneficial trade to occur between two
otherwise isolated nations:
each nation must be able to produce at least one good relatively
cheaper than the other
each nation must face constant costs in the production of the good it
exports
one nation's production must be labor-intensive while the other
nation's production is capital-intensive
each nation must be able to produce at least one good absolutely
cheaper than the other

7 If the Federal Reserve System buys government securities from
commercial banks and the public:
the money supply will contract
commercial bank reserves will decline
it will be easier to obtain loans at commercial banks
commercial bank reserves will be unaffected
8 Normal profit is:
the average profitability of an industry over the preceding 10 years
determined by subtracting explicit costs from total revenue
the return to the entrepreneur when economic profits are zero
determined by subtracting implicit costs from total revenue
9 The term "recession" describes a situation where:
an economy's ability to produce is destroyed
output and living standards decline

inflation rates exceed normal levels
Government takes a less active role in economic matters
10 If an unintended increase in business inventories occurs at some
level of GDP, then GDP:
is too low for equilibrium
entails a rate of aggregate expenditures in excess of the rate of
aggregate production
is too high for equilibrium
may be either above or below the equilibrium output
11 The fact that international specialization and trade based on
comparative advantage can increase world output is demonstrated by
the reality that:
a nation's production possibilities and trading possibilities lines
coincide
the production possibilities curves of any two nations are identical
a nation's trading possibilities line lies to the right of its production
possibilities line

a nation's production possibilities line lies to the right of its trading
possibilities line
12 In the theory of comparative advantage, a good should be
produced in that nation where:
its cost is least in terms of alternative goods that might otherwise be
produced
its absolute cost in terms of real resources used is least
its absolute money cost of production is least
the production possibilities line lies further to the right than the
trading possibilities line
13 Why are economists concerned about inflation?
Inflation lowers the standard of living for people whose income does
not increase as fast as the price level

Real GDP is necessarily falling when there is inflation
Inflation generally causes unemployment rates to rise
Inflation increases the value of peoples' saving and encourages
overspending on goods and services
14 Two major virtues of the market system are that it:
results in an equitable personal distribution of income and always
maintains full employment
results in price level stability and a fair personal distribution of
income
allocates resources efficiently and allows economic freedom
eliminates discrimination and minimizes environmental pollution
15 Suppose you have a limited money income and you are purchasing
products A and B, whose prices happen to be the same. To maximize
your utility, you should purchase A and B in such amounts that:
the income and substitution effects associated with each are equal
their marginal and total utilities are proportionate

their total utilities are the same
their marginal utilities are the same
16 Macroeconomics approaches the study of economics from the
viewpoint of:
governmental units
the entire economy
individual firms
the operation of specific product and resource markets
17 Mrs. Arnold is spending all her money income by buying bottles of
soda and bags of pretzels in such amounts that the marginal utility of
the last bottle is 60 utils and the marginal utility of the last bag is 30
utils. The prices of soda and pretzels are $.60 per bottle and $.40 per
bag respectively. It can be concluded that:
Mrs. Arnold should spend more on soda and less on pretzels

Mrs. Arnold is buying soda and pretzels in the utility-maximizing
amounts
the two commodities are substitute goods
Mrs. Arnold should spend more on pretzels and less on soda
18 The simple circular flow model shows that:
households are on the selling side of the resource market and on the
buying side of the product market.
businesses are on the selling side of both product and resource
markets.
households are on the buying side of both product and resource
markets.
businesses are on the buying side of the product market and on the
selling side of the resource market.
19 Assume the reserve ratio is 25 percent and Federal Reserve Banks
buy $4 million of U.S. securities from the public, which deposits this
amount into checking accounts. As a result of these transactions, the
supply of money is:

directly increased by $4 million and the money-creating potential of
the commercial banking system is increased by an additional $16
million.
not directly affected, but the money-creating potential of the
commercial banking system is increased by $12 million.
directly increased by $4 million and the money-creating potential of
the commercial banking system is increased by an additional $12
million.
directly reduced by $4 million and the money-creating potential of the
commercial banking system is decreased by an additional $12 million.
20 As output increases, total variable cost:
increases at a constant rate
increases at a decreasing rate and then at an increasing rate
increases continuously at a decreasing rate
increases more rapidly than does total cost

21 The two basic markets shown by the simple circular flow model
are:
product and resource
free and controlled
household and business
capital goods and consumer goods
22 Countercyclical discretionary fiscal policy calls for:
surpluses during both recessions and periods of demand-pull inflation
deficits during both recessions and periods of demand-pull inflation
surpluses during recessions and deficits during periods of demand-
pull inflation
deficits during recessions and surpluses during periods of demand-
pull inflation
23 Because the federal government typically provides disaster relief
to farmers, many farmers do not buy crop insurance even through it is
federally subsidized. This illustrates:

the moral hazard problem
the special interest effect
the adverse selection problem
logrolling
24 A monopolistically competitive industry combines elements of
both competition and monopoly. The monopoly element results from:
the likelihood of collusion
mutual interdependence
product differentiation
high entry barriers
25 Research for industrially advanced countries indicates that:
the more independent the central bank, the higher the average annual
rate of unemployment.

the more independent the central bank, the higher the average annual
rate of inflation
the more independent the central bank, the lower the average annual
rate of inflation
there is no relationship between the degree of independence of a
country's central bank and its inflation rate.
26 The business cycle depicts:
short-run fluctuations in output and employment
the phases a business goes through from when it first opens to when it
finally closes
fluctuations in the general price level
the evolution of technology over time
27 The primary gain from international trade is:
increased employment in the domestic export sector
increased employment in the domestic import sector

more goods than would be attainable through domestic production
alone
tariff revenue
28 Contractionary fiscal policy is so named because it:
necessarily reduces the size of government
is aimed at reducing aggregate demand and thus achieving price
stability
involves a contraction of the nation's money supply
is expressly designed to expand real GDP
29 If the prices of all goods and services rose, but the quantity
produced remained unchanged, what would happen to nominal and
real GDP?
Real GDP would rise, but nominal GDP would be unchanged
Nominal and real GDP would both be unchanged

Nominal GDP would rise, but real GDP would be unchanged
Nominal and real GDP would both rise
30 Which of the following will generate a demand for country X's
currency in the foreign exchange market?
Charitable contributions by country X's citizens to citizens of
developing nations
The imports of country X
The desire of foreigners to buy stocks and bonds of firms in country X
Travel by citizens of country X in other countries
ECO 561 Week 1 Assignment Influence of
Economics on Household Decision (2 Papers)

To locate, retrieve, and evaluate the effects of macroeconomic
indicators on your own decision making.
Assignment Steps
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 right time to make the purchase given economic conditions at the
time of your purchase. While analyzing your decision, keep in mind
everything from interest rates to the prices of complementary and
substitute goods are driven by human economic behavior.
Develop a minimum 1,050-word analysis of your decision-making
process in which you include the following:
 Retrieve statistics on Real Gross Domestic Product (GDP) and
on Real Personal Consumption Expenditures (PCE) by year for
the last ten years. You can retrieve those statistics from internet
sources including, but not limited to, the Federal Reserve of St.
Louis's FRED web site, the U.S. Department of Commerce's
Bureau of Economic Analysis (BEA) web site, or another
credible source of your choice. Post these statistics in a single
worksheet of an Excel® workbook and submit your Excel® file
with your report. In your report, discuss the latest 10-year trends
in both GDP and PCE. Also discuss how the trends in GDP
compare with trends in PCE. You are encouraged to include
graphs of these statistics in your report; you could create the
graphs in Excel®and copy them into your report.
 Retrieve statistics on the Effective Federal Funds Rate and on
the Consumer Price Index: All Items Less Food and Energy by
year for the last 30 years. You can retrieve those statistics from
internet sources including, but not limited to, the Federal
Reserve of St. Louis's FRED web site, the U.S. Department of
Labor's Bureau of Labor Statistics (BLS) web site, or other

credible sources of your choice. Post these statistics in a single
worksheet of an Excel® workbook and submit your Excel® file
with your report. In your report, discuss how the trends in the
Effective Federal Funds Rate compare with trends in inflation. If
you took out a loan to pay for your "big-ticket" purchase, what
was the interest rate on your loan? Were interest rates rising or
falling at that time? Were interest rates relatively high or low at
that time? You are also encouraged to include graphs of these
statistics in your report.
 Discuss the influence of any Federal government or state
government programs, such as tax credits or tax deductions for
energy-saving/efficiency purchases, on your decision to make
your last big purchase; or if government incentives did not
factor into your decision, explain why not.
 Develop conclusions about the economy's influence on personal
and business decision-making relative to purchases of big-ticket
items, investments, or other major purchases.
Cite a minimum of three peer-reviewed sources. Note: The Federal
Reserve of St. Louis, the Bureau of Economic Analysis, and the
Bureau of Labor Statistics can be cited to fulfill this requirement.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment. Be sure
you submit your paper as well as the two required Excel® files.
ECO 561 Week 1 DQ 1

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.
ECO 561 Week 1 DQ 2
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.
ECO 561 Week 2 Assignment Government
Interventions (Bailout of U.S. auto makers)
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). Students will examine articles from the University
library to analyze real-world examples of U.S. government
intervention programs and apply current week readings to make
intelligent conclusions about the economic policies.

Examples of intervention programs you may select, but are not
limited to:
US agriculture support programs
Low income support programs (Food Stamps, Earned Income Tax
Credit, Child Tax Credit, and Temporary Assistance to Needy
Families)
Medicaid, Children's Health Insurance Program, The Affordable Care
Act (Obamacare)
Low-income rent controls and housing vouchers
Government promotion of renewable energy sources to discourage
use of fossil fuels such as coal and oil
Unemployment Insurance
Bailout of U.S. banks and other financial institutions during the Great
Recession
Bailout of U.S. auto makers during the Great Recession
Social Security retirement benefits
Develop a minimum 10-slide Microsoft® PowerPoint® presentation
including detailed speaker notes or voiceover including the following:
Describe the intervention and detail its history.
Analyze the arguments for government intervention as opposed to
arguments for market-based solutions. Hint: See the information in
our course textbook on market failures.
Examine who may be helped and who may be hurt by the selected
government intervention.
Examine externalities and/or unintended consequences of such
intervention.

Determine the cost trend of the intervention program since its
implementation including whether costs are increasing, decreasing, or
vary with the state of the economy.
Evaluate the success or failure of the intervention in achieving its
objectives and develop conclusions.
Recommend whether the program should be continued as is,
discontinued, or modified and defend your recommendation.
Note: The use of tables and/or charts to display economic data over
the time period discussed is highly encouraged. However, if your
source includes the copyright symbol, which looks like this: ©, then
you should not copy any table and/or charts from that source. You
could use, but are not required to use, charts/graphs retrieved from the
Federal Reserve Bank of St. Louis FRED web site as long as the data
sources used by FRED to create those charts are government sources
such as the Bureau of Economic Analysis or the Bureau of Labor
Statistics.
Cite a minimum of three scholarly, peer-reviewed references.
Interventions (Low income support programs)

limited to:
Families)
Act (Obamacare)
Recession

intervention.
Statistics.
Interventions (Low-income rent controls and
housing vouchers)

limited to:
Families)
Act (Obamacare)
Recession

intervention.
Statistics.

Interventions (Medicaid Under the Affordable
Care Act)
limited to:
Families)
Act (Obamacare)

Recession
intervention.

Statistics.
Interventions (Social Security retirement
benefits)

Statistics.
Interventions (Unemployment Insurance)

intervention.
Statistics.
ECO 561 Week 2 DQ 1

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?
ECO 561 Week 2 DQ 2
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?
ECO 561 Week 2 Government Interventions vs.
Market Based Solutions (2 PPT)

THIS TUTORIAL CONTAINS 2 PPT
ECO 561 WEEK 2 GOVERNMENT INTERVENTIONS VS.
MARKET BASED SOLUTIONS
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:
Families)
Medicaid, Children's Health Insurance Program, Obamacare
Low income rent controls and housing vouchers
Government promoting renewable energy sources, discouraging fossil
fuel sources
Develop a 16-slide presentation including detailed speaker notes
or voiceover including the following:
arguments for market-based solutions.
intervention.
implementation.
Defend the use of or discontinuation of the selected intervention.

the time period discussed is highly encouraged.
Cite a minimum of three scholarly references.
ECO 561 Week 3 Assignment Research
Analysis for Business (Coca Cola)
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 your firm's future in the market. Hints: Be sure you
review the barriers to entry discussed in the course text. You
might consider presenting the data graphically.
 Identify and explain trends in current macroeconomic indicators
for last three years including:

 Current stage of the business cycle.
 Real gross domestic product (GDP).
 Inflation as measured by the consumer price index (CPI).
 Unemployment rate.
 Federal funds rate.
 Current rate for borrowing funds such as the so-called "prime
rate." Note: A requirement of the Week 1 Influence of
Economics on Household Decision Making report was to gather
data on the CPI, GDP, and interest rates, so you should consider
reviewing the feedback you received on the Week 1 report.
 Evaluate trends in demand over last three years and explain their
impact on the industry and the firm. Include quarterly (last two
quarters) and annual sales (last three years) figures for the
product your firm sells. Create business strategies by analyzing
information and data related to the demand for and supply of
your firm's product(s) to support your recommendation for the
firm's actions. Remember to include a graphical representation
of the data and information used in your analysis.
 Examine available, current data and information, such as pricing
and the availability of substitutes, and explain how you could
determine the price elasticity of demand for your firm's product.
Assess how the price elasticity of demand impacts the firm's
pricing decisions and revenue growth.
 Apply the concepts of variable and fixed costs to your firm for
informing its output decisions. For instance, analyze how
different kinds of costs (labor, research and development, raw
materials) affect the firm's level of output.

elasticity, current stage of the business cycle, and government
policies.
Cite a minimum of three peer-reviewed references and a minimum of
two government economic data sources/references.
Analysis for Business (GameStop)
success.
• 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 your
firm's future in the market. Hints: Be sure you review the barriers to

entry discussed in the course text. You might consider presenting the
data graphically.
• Identify and explain trends in current macroeconomic indicators for
last three years including:
• Current stage of the business cycle.
• Real gross domestic product (GDP).
• Inflation as measured by the consumer price index (CPI).
• Unemployment rate.
• Federal funds rate.
• Current rate for borrowing funds such as the so-called "prime rate."
Note: A requirement of the Week 1 Influence of Economics on
Household Decision Making report was to gather data on the CPI,
GDP, and interest rates, so you should consider reviewing the
feedback you received on the Week 1 report.
• Evaluate trends in demand over last three years and explain their
quarters) and annual sales (last three years) figures for the product
your firm sells. Create business strategies by analyzing information
and data related to the demand for and supply of your firm's
product(s) to support your recommendation for the firm's actions.
Remember to include a graphical representation of the data and
information used in your analysis.
• Examine available, current data and information, such as pricing and
the availability of substitutes, and explain how you could determine
the price elasticity of demand for your firm's product. Assess how the
price elasticity of demand impacts the firm's pricing decisions and
revenue growth.
• Apply the concepts of variable and fixed costs to your firm for
informing its output decisions. For instance, analyze how different
kinds of costs (labor, research and development, raw materials) affect
the firm's level of output.

recommendations.
data presented.
policies.
Analysis for Business (General Motors)

success.
• 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 your
firm's future in the market. Hints: Be sure you review the barriers to
entry discussed in the course text. You might consider presenting the
data graphically.
• Identify and explain trends in current macroeconomic indicators for
last three years including:
• Current stage of the business cycle.
• Real gross domestic product (GDP).
• Inflation as measured by the consumer price index (CPI).
• Unemployment rate.
• Federal funds rate.
• Current rate for borrowing funds such as the so-called "prime rate."
Note: A requirement of the Week 1 Influence of Economics on
Household Decision Making report was to gather data on the CPI,
GDP, and interest rates, so you should consider reviewing the
feedback you received on the Week 1 report.
• Evaluate trends in demand over last three years and explain their
quarters) and annual sales (last three years) figures for the product
your firm sells. Create business strategies by analyzing information
and data related to the demand for and supply of your firm's
product(s) to support your recommendation for the firm's actions.
Remember to include a graphical representation of the data and
information used in your analysis.
• Examine available, current data and information, such as pricing and
the availability of substitutes, and explain how you could determine
the price elasticity of demand for your firm's product. Assess how the
price elasticity of demand impacts the firm's pricing decisions and
revenue growth.
• Apply the concepts of variable and fixed costs to your firm for
informing its output decisions. For instance, analyze how different

kinds of costs (labor, research and development, raw materials) affect
the firm's level of output.
recommendations.
data presented.
policies.
Analysis for Business (Smoothie King)

success.

policies.
Analysis for Business (Starbucks)

success.

policies.
Analysis for Business (Wal-Mart)

success.

policies.
ECO 561 Week 3 DQ 1

Do you think that competition can be counted on to discipline the
industrial business firms of a modern economy? Explain.
**************************************************
ECO 561 Week 3 DQ 2
In your industry, would you support regulation or deregulation and
why or why not?
**************************************************
ECO 561 Week 3 Market Structure And
Pricing Power

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 various brands (e.g. a luxury car
vs an economy car).
Determine how pricing relates to elasticity of demand for competing
models.
Explain how changes in the quantity supplied as a result of pricing
decisions might affect the company's marginal cost, marginal revenue,
and market share as production volume rises. What reaction might be
expected by other producers if one producer changes its pricing
strategy?
Determine strategies that a company might use to develop product
differentiation and market segmentation. What alternative non-
pricing strategies are available? What alternative non-pricing
strategies can be used to increase barriers to entry?

Discuss how producers might alter the mix of fixed and variable costs
to support their pricing strategy.
**************************************************
ECO 561 Week 3 Team Managing Fixed and
Variable Cost (2 PPT)
This Tutorial contains Presentations
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
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 have low fixed costs and high variable costs.
Note: A publicly-held organization is a private-sector firm that is
owned by stock holders. Companies with high fixed costs include
manufacturing companies, such as automobile manufactures, whereas
service companies, such as accounting firms, might have low fixed
costs.
Create and Present to the class a minimum 15 minute 8-slide
Microsoft® PowerPoint®presentation, including detailed speaker
notes , analyzing the methods of managing cost depending on the cost
construction. Research the University Library for recent publications
regarding each company and the industry data. The analysis should
include the following:
• Analyze your two chosen companies' cost construction. Do the
companies have high fixed costs or low fixed costs? Do the
companies have high variable costs or low variable costs? What
evidence presents itself to support your findings?
• In Excel®, chart the relationship between total cost and the number
of units produced (output) for each organization/company. Plot two
lines on the graph - one line for each company you analyzed. Copy
your graph from Excel® and paste it into your PowerPoint®
presentation.
• Analyze currently used methods to minimize costs for the
companies and provide recommendations how to improve the process
of minimizing costs based on the available information for the
industries in which the companies operate. Note: Companies are
categorized by the industries they operate in. For example, Wal-Mart
is a company operating within the retail trade industry. Hoover's
Company Profiles by ProQuest located in the University Library may
be helpful.
Cite a minimum of three peer-reviewed sources.
Click the Assignment Files tab to submit your PowerPoint®
presentation and your Excel® file.
Note: Grades are awarded based upon individual contributions to the
Learning Team assignment. Each Learning Team member receives a

grade based upon his/her contributions to the team assignment.
Students might receive different grades for the team assignment
depending on their contributions to the team assignment.
**************************************************
ECO 561 Week 4 Assignment Inflation and
Analyses of Monetary Policies Presentation (2
PPT)
This Tutorial contains 2 Presentation
Policies
**************************************************
ECO 561 Week 4 AssignmentInflation and
Analyses of Monetary Policies (2 Papers)

Inflation and Analyses of Monetary Policies
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 you are allowed to use
other sources.
Develop a minimum 700-word analysis of inflation by including the
following:
 Choose a product or service you currently consume/use, such as
apparel or educational services, that is included in the CPI's
"market basket." Find the annual CPI index numbers for your
chosen good or service for the years 1995, 2005, 2010, and
2015. Enter those index numbers in an Excel® file and calculate
the percent change (inflation rates) in those index numbers from
1995 to 2005, from 1995 to 2010, and from 1995 to 2015.
 Analyze the trends in overall inflation over the last five years
and whether your income has kept pace with inflation. How has
inflation over the last five years affected you and/or your
family?
 Discuss how a business manager, such as a human resources
manager, might use CPI statistics.

Click the Assignment Files tab to submit your assignmen
**************************************************
t.
ECO 561 Week 4 DQ 1
How does the Federal Reserve's monetary policy affect your
industry's, or company's growth?
ECO 561 Week 4 DQ 2
How would you evaluate monetary policy today? Is monetary policy
contradictory with fiscal policy? Why or Why not? Support your
analysis with examples.

**************************************************
ECO 561 Week 4 Team Assignment Business
Cycles, Economic Shocks, And Restoring
Equilibrium
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 drove the market
equilibrium to unsustainable heights and the shocks that brought the
markets back down. What might be done to moderate the effects of
these economic swings?
Discuss specific changes in supply and demand.
Examine prior government policies and legislation that exacerbated
the impact of the shocks.

Evaluate the actions of the federal government and the Federal
Reserve to restore equilibrium. How effective were these counter-
cyclical policies?
Cite a minimum of three peer reviewed sources not including the text.
**************************************************
ECO 561 Week 5 Assignment Effectiveness of
the Counter Cyclical Policies (2 PPT)
This Tutorial contains 2 Presentations
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

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
 Commodity and stock markets
 An industry of your choice, such as the automobile industry, the
airline industry, retail trade, or any other major industry that
suffered heavy losses during the Great Recession
Your analysis will extend from the beginning of the Great Recession,
which was December 2007, to the present and should include the
following:
 An Excel® workbook with the following datasets:
o One dataset related to the U.S. housing industry such as
housing starts, the FHFA housing price index, or another
dataset of your choice related to the housing market.
o One dataset related to personal or household income or to
personal or household saving.
o One dataset related to the labor market such as the
unemployment rate, initial claims for unemployment
insurance, or another dataset of your choice related to the
U.S. labor force.
o One dataset related to production and business activity
within the market or industry you choose to analyze.
 Find your datasets by using different internet data sources,
including, but not limited to, the Federal Reserve Bank of St.
Louis's FRED site, U.S. Dept. of Commerce's Bureau of
Economic Analysis (BEA), U.S. Dept. of Labor's Bureau of
Labor Statistics, U.S. Census Bureau, and The Organization for
Economic Co-operation and Development (OECD). Using data
results analyze the economic and sociological forces that drove
the market equilibrium to unsustainable heights, commonly
referred to as "bubbles," and the shocks that brought the markets
back down.
 Discuss specific changes in supply and demand within the
markets and/or industries you chose to analyze.

 Examine prior government policies and legislation that might
have exacerbated the impact of the shocks. Also, discuss
government actions/regulations that might be undertaken, and/or
have been undertaken, to moderate the effects of extreme
economic fluctuations.
 Evaluate the actions of the federal government (fiscal policy)
and the Federal Reserve (monetary policy) to restore the
economy and foster economic growth. Base your evaluation on
information available at Internet sources such as, but not limited
to, the Fed's The Economy Crisis and Response website as well
as other appropriate sources found on the Internet and in the
University Library. Be sure you address the effectiveness of
those counter-cyclical policies.
Cite a minimum of three peer-reviewed sources and economic data
not including the course text. Submit the data results in a separate
Microsoft® Excel® file.
**************************************************

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