If you're looking to build a lesson that introduces your students to the basics of oligopolies, this bundle has exactly what you need!
This "Oligopolies" bundle includes:
1) A customizable lecture that you can adjust to meet your needs and the needs of your students. This bundle includes a version of this lecture in Keynote (Mac), Powerpoint (PC), and PDF format for users of every operating system.
*****Depending on the version of the presentation software that you use to present in your classroom, fonts and sizes in our lecture presentations may need adjustment. To make it easier for you to create a lecture that engages your students and looks like the PDF file included in this bundle, we offer downloadable font bundles in our store for FREE!
At absolutely no cost to you, you can get your hands on the fonts that we use in our lectures so that you can customize your presentations. Download the Free Font Bundle, install the fonts onto your computer, and customize your lecture in the way that works of you. Adjust sizes, fonts, images, and content to meet your needs and the needs of your students!*******
2) An "Oligopolies" Activity. It begins with a detailed list of characteristics of oligopolies and asks your students to explain several key attributes of oligopolistic firms. Then, students will be provided with a detailed flowchart of the price leadership model of an oligopolistic industry. Students will be tasked with explaining how price leadership works, including what happens when price leadership breakdowns and how the ensuing price wars impact consumers and firms in the market. Next, students will be asked about colluding oligopolies. Students will define cartels and explain how colluding firms have a unique need for interdependency. Students will then be provided with a basic game theory matrix and will be asked to analyze the players, strategies, and potential payoffs to investigate the strategic decision-making of cartels in oligopolistic industries. Lastly, students will take a more in-depth look at game theory. Students will identify several key components of game theory, including dominant strategies, dominated strategies, Pareto Optimal outcomes, and Nash Equilibrium outcomes. Your class will then use a game theory matrix provided to identify the components discussed and predict the decisions and strategies of two firms who dominate a oligopolistic industry. Students will learn how firms make decisions when faced with potential outcomes and how they strategically maximize their profits when paired with colluding and non-colluding partners.
This activity can be used in many different ways in the classroom. Students can work independently, in pairs or this activity can be used as a jigsaw in order to facilitate a class wide discussion about the topics discussed in the activity.
3) A detailed answer key to the lesson activity to save you time and help guide student comprehension.
If you like this activity, check out our Unit Activity Bundle that includes activities for all of the objectives in this unit.
Best of all, this activity aligns to our "Unit 4.8 - Oligopolies" video lecture, which can be found here:
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