{"id":16501,"date":"2018-11-26T23:53:18","date_gmt":"2018-11-27T04:53:18","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=16501"},"modified":"2018-11-27T10:09:38","modified_gmt":"2018-11-27T15:09:38","slug":"ap-economics-11-27-18","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2018\/11\/26\/ap-economics-11-27-18\/","title":{"rendered":"AP Economics &#8211; 11\/27\/18"},"content":{"rendered":"<p><b>I.\u00a0 Bellwork Q&amp;A<\/b><\/p>\n<p><span style=\"font-weight: 400;\">A.\u00a0\u00a0https:\/\/www.cnbc.com\/2018\/06\/07\/opec-meeting-on-june-22-likely-to-see-disagreements.html<\/span><\/p>\n<ol>\n<li>&#8211;<b>Why do some oil producing nations prefer to restrict output to keep prices high? <\/b><\/li>\n<li>&#8211;<b>Why do others prefer a lower price strategy?<\/b><\/li>\n<li>&#8211;<b>How does the article illustrate the difficulty of maintaining collusion?<\/b><\/li>\n<\/ol>\n<p><b>II.\u00a0 Objectives:<\/b><\/p>\n<ul>\n<li><b><\/b>Use game theory to enhance your understanding of oligopoly<\/li>\n<li>Analyze a prisoners\u2019 dilemma using a payoff matrix<\/li>\n<li>Determine dominant strategies and Nash equilibria in a variety of game<b>s<\/b><\/li>\n<\/ul>\n<p>III.\u00a0\u00a0<b>Discussion: Game Theory Pages 648-655<\/b><\/p>\n<ul>\n<li>Prisoner\u2019s Dilemma<\/li>\n<li>Game Theory<\/li>\n<li>Payoff &amp; Payoff Matrix<\/li>\n<li>Dominant Strategy<\/li>\n<li>Nash Equilibrium\/Non-cooperative equilibrium<\/li>\n<li>tit for tat and tacit collusion.<\/li>\n<li><a href=\"https:\/\/www.yousubtitles.com\/Game-Theory-and-Oligopoly-Crash-Course-Economics-26-id-22336\"><b>Game Theory and Oligopoly: Crash Course Economics #26<\/b><\/a><\/li>\n<\/ul>\n<p><strong>IV.\u00a0\u00a0Classwork:\u00a0 on iLearn<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=AOEbJF0k8vM\">https:\/\/www.youtube.com\/watch?v=AOEbJF0k8vM<\/a><\/li>\n<li><span style=\"font-weight: 400;\">Worksheets 65.1, 65.2. &amp; 65.3<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 Bellwork Q&amp;A A.\u00a0\u00a0https:\/\/www.cnbc.com\/2018\/06\/07\/opec-meeting-on-june-22-likely-to-see-disagreements.html &#8211;Why do some oil producing nations prefer to restrict output to keep prices high? &#8211;Why do others prefer a lower price strategy? &#8211;How does the article illustrate the difficulty of maintaining collusion? II.\u00a0 Objectives: Use game theory to enhance your understanding of oligopoly Analyze a prisoners\u2019 dilemma using a payoff matrix [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":["post-16501","post","type-post","status-publish","format-standard","hentry","category-ap-economics"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/comments?post=16501"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16501\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=16501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=16501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=16501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}