Aim: Why do businesses in different industries experience varying degrees of competition in a market economy and what is the impact of that competition on consumers, society and the government?
Bell Ringer: Review Journal 37
Objectives:
- SS.912.E.1.6: Compare the basic characteristics of the four market structures (monopoly, oligopoly, monopolistic competition, pure competition).
- SS,912.E..3.6: Differentiate and draw conclusions about historical economic thought theorized by economists.
Agenda:
- 1. Bell Ringer (10 min)
- 2. Introduce Chapter 7 (handout: assumptions)
- Assign groups. (5 min)
- 3. Complete the note-taking guide (Market Structures) using their textbook (McGraw-Hill Economics Principles and Practices pp. 168-167193), online resources, or class notes as appropriate. (rest of class)
Home Learning:
- 1. Work on designated section of the NTG Section 1 Review: 2 – 5 / to be completed in the additional boxes located at the end of the NTG
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