ECONOMICS
FOR THE WEEK STARTING 4/14/14
MONDAY
DAY 2
4/14
TUESDAY
DAY 1
4/15
WED.
Day 2
4/16
THURSDAY
Day 1
4/17
FRIDAY
Day 2
4/18
CLASS:
CLASS:
CLASS:
1. Notes: Perfect Competition
and Monopolies
CLASS:
CLASS:
ECONOMICS MIDTERM EXAM
1. Ch. 7 Quiz (Market
Structures)
3. Reading The NFL’s New Turf
(Textbook)
2. Simulation: Cartels
and Competition
CLASS OBJECTIVES:
CLASS
OBJECTIVES:
CLASS OBJECTIVES:
) STUDENTS WILL BE
ABLE TO IDENTIFY
THE ADVANTAGES &
DISADVANTAGES OF
MONOPOLIES.
1) STUDENTS WILL BE ABLE
TO IDENTIFY THE
ADVANTAGES &
DISADVANTAGES OF
MONOPOLIES.
2) STUDENTS WILL
BE ABLE TO
DISTINGUISH
BETWEEN NATURAL
MONOPOLIES AND
STRUCTURED
MONOPOLIES
2) STUDENTS WILL BE ABLE
TO DISTINGUISH BETWEEN
NATURAL MONOPOLIES AND
STRUCTURED MONOPOLIES
3)
CLASS
OBJECTIVES:
CLASS OBJECTIVES:
Explain how market
principles apply to the
monopolistic structure of
cartels
VOCAB:
ECONOMIES OF
SCALE
PRICE
DISCRIMINATION
PATENT
FRANCHISE
NATURAL
MONOPOLY
PERFECT
COMPETITION
BARRIER TO ENTRY
IMPERFECT
COMPETITION
START-UP COSTS
PRACTICE:
Read Ch. 7 / Sec. 1 and
2 (pgs. 159-173)
Complete Grid
VOCAB:
VOCAB: MONOPOLY
VOCAB:
ECONOMIES OF SCALE
PRICE DISCRIMINATION
PATENT
FRANCHISE
NATURAL MONOPOLY
PERFECT COMPETITION
BARRIER TO ENTRY
IMPERFECT COMPETITION
START-UP COSTS
PRACTICE:
PRACTICE:
Read Ch. 7 / Sec. 3 (pg. 155-159)
VOCAB:
CARTELS
PRACTICE:
PRACTICE:
None