Eco 561 - Course Topics & Objectives Week One:...

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Week One: Increasing Revenue 1.1 Choose methods to increase revenue in an organization. 1.2 Explain market equilibrating process. Week Two: Cost Concepts 2.1 Identify production level to maximize profits. 2.2 Explain how to balance fixed and variable costs. 2.3 Apply economic cost concepts in making business decisions. Week Three: Market Structure 3.1 Determine pricing strategy to meet organizational goals. 3.2 Determine ways to create non-price barriers to entry based on market structure. 3.3 Determine ways to increase product differentiation based on market structure. 3.4 Determine ways to reduce costs for an organization. Week Four: Macroeconomic Conditions 4.1 Determine the economy’s stage in the business cycle. 4.2 Evaluate current macroeconomic condition based on key indicators. Week Five: Credit Markets and Globalization 5.1 Project the effect of credit markets on the economy. 5.2 Project the effect of global economic conditions regarding trade and specialization business decisions. Week Six: Improving Business Decisions 6.1 Apply economic concepts in making business decisions. 6.2 Integrate economic concepts and strategic planning. Course Materials McConnell, C. R., Brue, S. L., & Flynn, S.M. (2009). Economics: Principles, problems, and policies (18th ed.). New York: McGraw-Hill Irwin. Pugel, T. A. (2009) International economics (14th ed.). New York: McGraw-Hill Irwin. Ball, L. (2009) Money, banking and financial markets. New York: Worth Publishers. All electronic materials are available on your student Web site. Point Values for Course Assignments Week One: The Basic Concepts of Economic Reasoning Participation: (Discussion Questions, Weekly Summaries) 3 Assignment: Lecture Exam Questions 2 Assignment: Scenario Concept 9 Participation (Discussion Questions, Weekly Summaries) 3 Assignment: Lecture Exam Questions 2 Assignment: Scenario Analysis Simulation Summary 10 + 1
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Participation (Discussion Questions, Weekly Summaries) 3 Assignment: Learning Team Assignment: Milestone 1: Business Recommendations Based on Economic Projections 10 Participation (Discussion Questions, Weekly Summaries) 3 Assignment: Lecture Exam Questions 2 Assignment: Simulation analysis 10 Participation (Discussion Questions, Weekly Summaries) 3 Assignment: Lecture Exam Questions 2 Assignment: Learning Team Assignment: Milestone 2: Business Recommendations Based on Economic Projections 10 Week Six: Global Context: Business Beyond National Borders Participation ( Weekly Summaries) 2 Assignment: Learning Team Assignment: Business 3: Recommendations Based on Economic Projections 10 Final Exam 15 Point Total 100 If you have any questions about appropriate academic citations, you may want to review the
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Eco 561 - Course Topics & Objectives Week One:...

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