Unit #3 Ippolito Spring 2016
Unit #3 Overview: In this unit we examine the 3 most common market structures in the U.S. economy: Monopoly, Oligopoly &
Monopolistic Competition. Our economic model of Perfect competition will be our comparison benchmark as we determine how each market structure finds market equilibrium as well as calculate the costs & benefits of each market structure.
Topic I Monopoly Chapter 15 (311-335)
Monopoly, , profit-maximizing rule, natural monopoly, deadweight loss, Anti-Trust Laws, economies of scale, price discrimination, perfect price discrimination
Topic II Oligopoly Chapter 16 (345-360)
Oligopoly, Prisoner’s dilemma, dominant strategy, Nash Equilibrium, excess capacity, non-collusive oligopoly, collusion, oligopoly, Cartel, concentration ratio
Chapter 17 ( 373-386) Topic III: Monopolistic Competition
Monopolistic Competition, incentive to advertise, excess capacity
Friday February 26 th
Monopoly & Anti-trust Laws
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Monday February 29 th
Marginal Revenue & Monopolies
Reading for Week: Pages 311-335
Tuesday March 1 st
Monopolies vs. Perfect Competition
Thursday March 3 rd
Monopolies & Deadweight Loss
Diamonds: DeBeers & the free market
Friday March 4 th
Price Discrimination
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Monday March 7 th
Practice Test & Free Response
Reading for Week: Pages 345-360
Tuesday March 8 th
Oligopolies and Game theory
Thursday March 10 th
Oligopoly Pricing
Friday March 11 th
Practice Tests
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Monday March 14 th
No SchoolStaff Development Day
Tuesday March 15 th
Monopolistic Competition
Reading for Week: Pages 373-386
Thursday March 17 th
Last Unit Free Response, Practice Test
Friday March 18 th
TBA
Monday March 21 st
Practice MC test & study guide time
Tuesday March 22 nd
Practice Free Response
Thursday March 24 th
Unit Test: Multiple Choice & Free Response
Due: Study Guide #3
This will maximize profit for all market structures!