{"id":16522,"date":"2018-11-27T23:10:25","date_gmt":"2018-11-28T04:10:25","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=16522"},"modified":"2018-11-27T23:25:08","modified_gmt":"2018-11-28T04:25:08","slug":"ap-economics-11-28-18","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2018\/11\/27\/ap-economics-11-28-18\/","title":{"rendered":"AP Economics &#8211; 11\/28\/18"},"content":{"rendered":"<p><strong>I.\u00a0 Bellwork<\/strong><\/p>\n<p><b>Based upon the Payoff Matrix below:<\/b><\/p>\n<ol>\n<li><b>Does McDonald&#8217;s have a dominant strategy? \u00a0Explain.<\/b><\/li>\n<li><b>Does Burger King have a dominant strategy? \u00a0Explain<\/b><\/li>\n<li><b>Is there a Nash\/Non-cooperative equilibrium\/ Explain<\/b><\/li>\n<\/ol>\n<p><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2018\/11\/Game-Theory-Burgers.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-16523\" src=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2018\/11\/Game-Theory-Burgers.png\" alt=\"\" width=\"501\" height=\"305\" \/><\/a><strong>II.\u00a0 Objectives:<\/strong><\/p>\n<ul>\n<li><b>Explain the payoffs, dominant strategies, and Nash equilibrium given a payoff matrix<\/b><\/li>\n<li>Examine the demand curve for a firm operating in a noncollusive oligopoly and explain the kink<\/li>\n<\/ul>\n<p><strong>III.\u00a0 Class Discussion<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/youtu.be\/JMq059SAQXM\"><b>Oligopolies and Game Theory- EconMovies #8: The Dark Knight<\/b><\/a><\/li>\n<li><b>Copy Payoff Matrix from PPT in your Notebook<br \/>\n<\/b><\/li>\n<li><b>Discuss: \u00a0<\/b><a href=\"https:\/\/moodle.dearbornschools.org\/pluginfile.php\/295657\/mod_folder\/content\/0\/65.2%20worksheet.png?forcedownload=1\"><b>65.2 worksheet.png<\/b><\/a><\/li>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=CDKlaxeKVGw&amp;list=PL6EB232876EAB5521&amp;index=14\"><b>Micro 4.10 Game Theory Dominant Strategy Practice:<\/b><\/a><\/li>\n<li>Review AP Problems on PPT<\/li>\n<li><b>Kinked demand curve &#8211; Noncollusive Firms -PPT &#8211; Why the kink?<\/b><\/li>\n<\/ul>\n<p><strong>IV.\u00a0 Classwork<\/strong><\/p>\n<p>iLearn: \u00a0 Oligopoly\/Game Theory Work<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 Bellwork Based upon the Payoff Matrix below: Does McDonald&#8217;s have a dominant strategy? \u00a0Explain. Does Burger King have a dominant strategy? \u00a0Explain Is there a Nash\/Non-cooperative equilibrium\/ Explain II.\u00a0 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 [&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-16522","post","type-post","status-publish","format-standard","hentry","category-ap-economics"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16522","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=16522"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16522\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=16522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=16522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=16522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}