AP Economics – 11/28/18
I. Bellwork
Based upon the Payoff Matrix below:
- Does McDonald’s have a dominant strategy? Explain.
- Does Burger King have a dominant strategy? Explain
- Is there a Nash/Non-cooperative equilibrium/ Explain
II. Objectives:
- Explain the payoffs, dominant strategies, and Nash equilibrium given a payoff matrix
- Examine the demand curve for a firm operating in a noncollusive oligopoly and explain the kink
III. Class Discussion
- Oligopolies and Game Theory- EconMovies #8: The Dark Knight
- Copy Payoff Matrix from PPT in your Notebook
- Discuss: 65.2 worksheet.png
- Micro 4.10 Game Theory Dominant Strategy Practice:
- Review AP Problems on PPT
- Kinked demand curve – Noncollusive Firms -PPT – Why the kink?
IV. Classwork
iLearn: Oligopoly/Game Theory Work
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