Tuesday, December 29, 2009

Oligopoly Lesson Plan for AP Microeconomics

Summary: Jason Welker's plan. Two-Minute Drill.

An interactive plan for teaching oligopoly behavior is here.

Did you know that "oligopoly" comes from a Greek root meaning "few"? Usually, an oligopoly market is taught with four firms sharing the market or few firms. When teachers teach game theory, these use a duopoly, or two firms.

After reviewing the plan linked above, I have two questions. 1. What is a prisoner's dilemma? Would the game between Starbucks and SF Coffee be a prisoner's dilemma if it looked like the payoff matrix shown in here?

About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, Iowa.


Post a Comment

Have thoughts about this post? Want to share your comments about Teaching AP Economics? This is your chance.