Monopolies and Anti-Competitive Markets: Crash Course Economics Video Analysis with Key- This is a 12 page document that contains a video analysis assignment and a completed teachers key for easy marking. It contains 36 questions based on The Crash Course Economics video:Monopolies and Anti-Competitive Markets.
This assignment will ask students to go to YouTube and watch the Crash Course video: Monopolies and Anti-Competitive Markets. The video will first introduce students to the robber barons of late 19th century America and how they formed powerful monopolies. The concept of monopolies being the opposite of competition is highlighted, as is the negative impacts of many monopolies- such as crony capitalism. Oligopoly's are then covered- a few firms that control the vast market share of a good or service- Android and iOS operating systems are used as an example. Anti-trust laws and government regulation are then reviewed and students will see how the U.S. government interferes with the market to prevent monopolies from forming. The process of mergers and acquisitions is used to demonstrate how many monopolies form, whether through horizontal or vertical integration. Also, the government blocking mergers (T-Mobil and AT&T) is highlighted. The video also looks at positive examples of monopolies- such as patents and utility providers. The video concludes by covering the topics of deregulation and price discrimination by monopolies.
This video analysis can be easily used as an introduction to the topic, a study guide, or a quick and easy sub plan. Students love the independence of this assignment by getting to use laptops, Chromebooks, or even their own cellphones to watch the video. Crash Course videos tend to move fast so students often find success if they watch the video through once before going back to pause/play to find the answers to all of the questions.