Monday, October 26, 2009

Perfect Competition in AP Microeconomics

Summary: Outline for teaching perfect competition and study guides.

If you are teaching AP Microeconomics for the first time and want an outline, click here. I found that students want to know exactly what will be covered so an outline gives them the big picture.

Jason Welker has study guides here. Both his description and graphical representation will complement the notes from the outline link above. There's no need to carry a heavy textbook around for this unit--just use the links above.

The Advanced Placement Economics, by John Morton, has devoted unit 3 to perfect competition.

When I teach perfect competition, I stress the role of competition that drives the prices to long-run equilibrium and normal profits.

A YouTube Video is here.

What do you do to teach perfect competition that would enhance this blog offering?

About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He blogs at Mikeroeconomics and and believes that perfect competition is microeconomics' major contribution to economics.


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