I. Bellwork

Page 646-647 MC 1-5

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?
• The Kinked Demand Curve Model of Oligopoly Pricing

IV.  Classwork

Section 65 Folder on iLearn:  65.1 & 65.3

V.  Homework

iLearn:   Oligopoly/Game Theory Work

I.  Bellwork:

Analyze the cartoon below completing the 4-Square below.

Discuss with elbow partner.

II.  Objectives:

• Determine the central ideas or information; provide an accurate summary that makes clear the relationships among the key details and ideas.
• Examine, analyze, and discuss the fundamental principles associated with taxation.

III. Discussion/Notes:

A.  Review:  Taxes Video

IV.  The Economics of Taxation Pages 229-236

• PPT file and attached  Chapter 09 Section 1 -Notes in Notebook
  • Bubble Map – Economic Impact of Taxes
  • Brace Map – Criteria for Effective Taxes
  • Brace Map – Principles of Taxation
  • Types of Taxes Figure 9.2

V.  Classwork:

• Page 229 Vocabulary (16)
• Page 236 Q&A 2-6