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# ECO 415 UOP COURSE/UOPHELP

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ECO 415 Entire Course

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ECO 415 Week 1 Individual Assignment Basic Concepts Paper
ECO 415 Week 1 DQ 1
ECO 415 Week 1 DQ 2
ECO 415 Week 2 Learning Team Instructions Maximizing Profits Within Markets Paper
ECO 415 Week 2 DQ 1
ECO 415 Week 2 DQ 2
ECO 415 Week 3 Individual Assignment Let’s Talk Money Interview Transcript
ECO 415 Week 3 DQ 1
ECO 415 Week 3 DQ 2
ECO 415 Week 4 Individual Assignment Hello I am Your Motivational Speaker
ECO 415 Week 4 DQ 1
ECO 415 Week 4 DQ 2

ECO 415 Week 5 Learning Team Instructions Sustainability Paper and Presentation

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ECO 415 Final Exam Guide

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ECO 415 Final Exam Guide

Page 1

1. According to Figure 1.3, The Production Possibilities Curve. the point where only satellites are produced is:

2. According to Figure 1.3, at which point is it possible for the economy to produce more of both goods?

3. According to Figure 1.3, which point cannot be obtained without an increase in production technology?

4. The principle that the cost of something is what is sacrificed to get it, is known as the:

5. The opportunity cost of going to college:

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6. A demand curve is defined as the relationship between

7. The law of demand states that quantity demanded of a product increases as

8. The law of supply states that

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9. Figure 4.1 illustrates the supply and demand for blue jeans. If the actual price of blue jeans is \$30, there is

10. Figure 4.1 illustrates the supply and demand for blue jeans. If the actual price of blue jeans is \$50, there is

11. Figure 4.1 illustrates the supply and demand for blue jeans. If the actual price of blue jeans is \$30, we would expect that

12. Judy demands more peanuts as her income increases. From this, we can conclude that

13. A normal good is defined as a good for which demand decreases when

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14. Two goods are complements if

15. Suppose that consumers expect the price of a product to decrease in the future. The result is that

16. Figure 4.2 illustrates the demand for guitars. An increase in the demand for guitars is represented by the movement from

17. Figure 4.2 illustrates the demand for guitars. A decrease in the demand for guitars is represented by the movement from

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18. An inferior good is defined as a good for which demand decreases when

19. When Mary's income increases, she purchases less hamburger. We can conclude that hamburger is

20. If a technological advance makes it possible to produce bananas at a lower cost,

21. The value of all final goods and services produced during a given time period measures a nation's:

22. How does real gross domestic product (GDP) differ from nominal GDP?

23. If Sam does not have a job and is actively looking for work, he is considered:

24. Which of the following should be included in U.S. GDP?

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25. A period when economic growth is negative for at least six months is called a:

26. The period of time in which the level of output moves out of recession to a peak is called:

27. Which of the following would cause an increase in aggregate demand?

28. The relationship between the level of prices and the quantity of real GDP supplied is known as:

29. Which of the following factors influence the position of the aggregate demand curve?

30. Keynesian fiscal policy refers to:

31. Government policies designed to decrease total demand and GDP are called _________ policies.

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32. Government policies designed to increase total demand and GDP are called _________ policies.

33. When money is accepted as payment for a good or service, it is being used as a:

34. For the perfectly competitive firm:

35. A perfectly competitive market:

36. A market in which firms sell a homogenous product and cannot influence market price is most likely:

37. Pepsi uses advertising to create the impression that Pepsi is superior to any other soft drink. Pepsi is attempting to:

38. As compared to a perfectly competitive firm, a monopolistically competitive firm will:

39. Price fixing is an arrangement whereby firms agree to:

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40. Which of the following statements is false?

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ECO 415 Week 1 Individual Assignment Basic Concepts Paper

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Individual Assignment: Basic Concepts Paper

Resource: Supply and Demand simulation located on your student website Prepare a 1,050- to 1,400-word paper that discusses basic concepts in applied economics in the context of the simulation.

Answer the following questions in the paper:

How do changes in the business environment cause changes in supply and demand? Cite and explain at least two examples from the simulation.

o Why is marginal analysis important when making business decisions? How is marginal analysis used to respond to shifts in supply and demand? Cite and explain at least one example from the simulation.

o How did your team determine appropriate output levels in the simulation? Cite at least two examples. Were your team’s output decisions successful? If so, explain specifically how your decision making process led to financial success. If not, identify any mistakes and explain what your team could have done differently.

o What fixed and variable costs does the operating company in the simulation have? Cite at least two examples for each.

o Describe a market situation in which the operating company faces economic difficulties and the need to cut costs. What cost cutting strategies might the operating company use to remain profitable? What would be the benefits and drawbacks of each? Format your paper consistent with APA guidelines

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ECO 415 Week 2 Learning Team Instructions Maximizing Profits Within Markets Paper

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Learning Team Instructions: Maximizing Profits Within Markets Paper

Select one of the companies from the following list:o Pepsi-Cola Company™o Wal-Mart Stores, Inc.™o Lowe’so Starbuck’s Coffee Companyo Barnes &Nobleo Amazon.com, Inc.©o Hewlett Packard Development Company, L.P. ©o Dell Inc. ©o The Walt Disney Company©o Microsoft

Prepare a 1,750- to 2,450-word paper:

o Summarize differences between the four market types.o Provide a general explanation of how businesses may maximize profits within each market typeo Identify the market type in which the selected business exists.

o Explain how this market type affects the selected business’s ability to maximize profits.

o Determine the optimal profit maximizing strategy for the selected business within its given market type.

o Explain specifically how this strategy may be used to maximize profits within the given market type. Format your paper consistent with APA guidelines.

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ECO 415 Week 3 Individual Assignment Let’s Talk Money Interview Transcript

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Individual Assignment: Let’s Talk Money Interview Transcript

Create a 1,050- to 1,400-word fictitious dialogue that takes place during a segment of Let’s Talk Money, a fictitious TV talk show that interviews prominent individuals in the business community. During the segment, the show’s host, a government official, and a business savvy CEO discuss the relationship between the government, the economy, and a company selected from the following list:o Pepsi-Cola Company™o Wal-Mart Stores, Inc.™o Lowe’so Starbuck’s Coffee Companyo Barnes &Nobleo Amazon.com, Inc. ©o Hewlett Packard Development Company, L.P. ©o Dell Inc. ©o The Walt Disney Company©oMicrosoftNote.

You may use a company with which you are familiar as a substitute. Use your creativity with this dialogue and develop the points of view of the characters involved. The following questions must be addressed and serve as the basis for grading this assignment:

o In what type of situations might the selected company run a high risk of violating antitrust laws? How might the government react to assure fair competition within the company’s given market?

o In what ways might the selected company create a benefit externality? In what ways might it create a cost externality? How might the government respond to the externalities created by the selected company?

o What is the importance of the government as a buyer in a market economy? Explain from both a governmental and a business perspective

o In what ways might the selected company do business with the government? From the company’s perspective, what might be the benefits and drawbacks of selling to the government? From the government’s perspective, what might be the benefits and drawbacks of buying from the company?

In what situation would the selected company likely consider a merger with one of the other companies on the list? What risks and benefits would a possible merger present? How might the government respond to the merger? Would the two companies merge? Explain why or why not.

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ECO 415 Week 4 Individual Assignment Hello I am Your Motivational Speaker

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Individual Assignment: Hello, I’m Your Motivational Speaker

You are renowned business guru and motivational speaker Mai Biz.

You have been contracted by a prestigious national business organization to deliver a two part seminar on a couple of today’s hottest business topics: competitive advantage and international business.

Create a full 1,750- to 2,100-word transcript of your planned speech to meet the organization’s request. Address the following questions for each topic

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ECO 415 Week 5 Learning Team Instructions Sustainability Paper and Presentation

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Learning Team Instructions: Sustainability Paper

Select one of the companies from the following list and investigate its commitment to and performance in sustainable business:o Pepsi-Cola Company™o Wal-Mart Stores, Inc.™o Lowe’so Starbuck’s Coffee Companyo Barnes &Nobleo Amazon.com, Inc. ©o Hewlett Packard Development Company, L.P. ©o Dell Inc. ©o The Walt Disney Company©o Microsoft

Write a 1,400- to 2,100-word paper in which you:

o Define sustainability.

o Explain why sustainability is important for financial success.

o Evaluate the selected business in terms of sustainability, addressing the following: Identify its financial and non-financial stakeholders. Describe how economic and non-economic business decisions may negatively or positively affect stakeholders.

Explain how those decisions may affect profits when stakeholder reactions are taken into account. Identify ways in which the selected business is succeeding and ways in which it is falling short in terms of sustainability. Compare the selected business to other businesses within the same industry in terms of sustainability. Consider at least one of the following:

o Commitment to environmental issueso Company and employee relationso Commitment to the communities in which the company operates

o Product design Create a sustainability strategy for the selected business:

o Identify ways in which it may expand upon current or past sustainability successes.

o Identify opportunities for turning sustainability shortcomings into areas of sustainability growth.o Identify ways to improve stakeholder relationships. Explain how specific actions and policies must be implemented.

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