AP Economics – 11/20/19
I. Bellwork:
A. Page 641
- Explain ADM’s actions.
- Explain how fast food companies compete.
II. Objectives:
- Explain why oligopolies have an incentive to ac in ways that reduce their combined profit.
- Explain why oligopolies can benefit from collusion
- Determine the meaning of words and phrases as they are used in economics
III. Discussion and Notebook
A. Introduction to Oligopoly Pages 642-646
- Characteristics of Oligopolies
- Oligopolies and Game Theory- EconMovies #8: The Dark Knight
- Oligopoly and Game Theory- Micro Topic 4.5
- Game Theory
- Collusion & Competition
V. Classwork
- Page 646 Check Your Understanding #1
- Page 647 Free Response #2
- On iLearn 64.1 worksheet
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