| Unit 4: Imperfect Competition |
| Steven M. Reff Economics Lecturer University of Arizona (2007 - 2016) The 2015 University of Arizona Five-Star Faculty Award |
| Principles and Models |
| Production Choices and Behavior |
4.1 Introduction to Imperfectly Competitive Markets
| Graphing and Visuals |
| Production Choices and Behavior |
4.2 Monopoly
Class Starter 3-by-3 eVideos (3 min. and 3 multiple choice questions)
Types of Market Structure, Part I (3:13)
Types of Market Structure, Part II (3:15)
Types of Market Structure, Part I (3:13)
Types of Market Structure, Part II (3:15)
Class Starter 3-by-3 eVideos (3 min. and 3 multiple choice questions)
Monopoly Characteristics (3:01)
Monopoly (MR and P), Part I (3:22)
Monopoly (MR and P), Part II (3:22)
Monopoly (D and TR) (3:28)
Monopoly (MC), Part I (2:31)
Monopoly (MC), Part II (3:00)
Monopoly (ATC) (3:15)
Monopoly (Profit, Break Even, Loss) (3:55)
Monopoly (NOT Allocatively Efficient) (3:14)
Monopoly (NOT Productively Efficient) (2:33)
Monopoly Characteristics (3:01)
Monopoly (MR and P), Part I (3:22)
Monopoly (MR and P), Part II (3:22)
Monopoly (D and TR) (3:28)
Monopoly (MC), Part I (2:31)
Monopoly (MC), Part II (3:00)
Monopoly (ATC) (3:15)
Monopoly (Profit, Break Even, Loss) (3:55)
Monopoly (NOT Allocatively Efficient) (3:14)
Monopoly (NOT Productively Efficient) (2:33)
Interactive Lessons, Movable Graphs, or Drawable Graphs:
MR for a Perfectly Competitive Firm and a Monopoly (Three Graphs)
Interactive Monopoly Graph (D = P, MR, MC, ATC, Profit/Loss)
Interactive Monopoly Graphs (Economic Profit, Economic Profit = 0, Economic Loss)
Interactive Monopoly Graphs (Allocative and Productive Efficiency) (Three Graphs)
Interactive 1st Degree, 2nd Degree, 3rd Degree Monopolies (Three Graphs + a Test)
Interactive Natural Monopoly (One Graph and One Interactive TR and TC)
MR for a Perfectly Competitive Firm and a Monopoly (Three Graphs)
Interactive Monopoly Graph (D = P, MR, MC, ATC, Profit/Loss)
Interactive Monopoly Graphs (Economic Profit, Economic Profit = 0, Economic Loss)
Interactive Monopoly Graphs (Allocative and Productive Efficiency) (Three Graphs)
Interactive 1st Degree, 2nd Degree, 3rd Degree Monopolies (Three Graphs + a Test)
Interactive Natural Monopoly (One Graph and One Interactive TR and TC)
8 - 10 Class Periods
22 - 25% of exam
| Resource Alignment with the Microeconomics Classroom |
NOTE: This website is not a College Board sponsored website. Everything on this
website can be used by teachers or students to get a better understanding of their
college-level Microeconomics and Macroeconomics courses.
website can be used by teachers or students to get a better understanding of their
college-level Microeconomics and Macroeconomics courses.
Reffonomics eTextbook: http://reffonomics.com/TypesofMarketStructures3.html
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Reffonomics eTextbook: Monopoly, Part I
4.5 Oligopoly and Game Theory
4.4 Monopolistic Competition
Interactive Lessons, Movable Graphs, or Drawable Graphs:
Monopolistic Competition Characteristics and Examples
Monopolistic Competition Firm Demand and Marginal Revenue Graph
Monopolistic Competition Advertising (three graphs)
Monopolistic Competition Allocative and Productive Efficiency
Monopolistic Competition Excess Capacity (three graphs)
Monopolistic Competition Characteristics and Examples
Monopolistic Competition Firm Demand and Marginal Revenue Graph
Monopolistic Competition Advertising (three graphs)
Monopolistic Competition Allocative and Productive Efficiency
Monopolistic Competition Excess Capacity (three graphs)
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Reffonomics eVideos 3 x 3 videos
Monopolistic Competition Characteristics (2:52)
Monopolistic Competition Advertising (2:04)
Monopolistic Competition (Profit, Loss, Break Even) (3:35)
Monopolistic Competition (Entry and Exit) (1:57)
Monopolistic Competition Characteristics (2:52)
Monopolistic Competition Advertising (2:04)
Monopolistic Competition (Profit, Loss, Break Even) (3:35)
Monopolistic Competition (Entry and Exit) (1:57)
Reffonomics eTextbook: http://reffonomics.com/MonopolisticCompetition.html
| Production Choices and Behavior |
Interpretation |
| Graphing and Visuals |
Economics Baseball Game: Monopoly
Cell Phone -- Graphing PPF Interactive:
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Cell Phone -- Graphing PPF Interactive:
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Quick Notes by Steven Reff (There is NO sound; just notes written quickly. See if you can keep up.)
Reffonomics college-level eTextbook: http://reffonomics.com/1.html
Reffonomics high school eTextbook: http://reffonomics.com/hs.html
Reffonomics eVideos for Microeconomics (3 minutes + 3 multiple choice questions): http://reffonomics.com/VideosReffonomicsMicroeconomics
Reffonomics eVideos for Macroeconomics (3 minutes + 3 multiple choice questions): http://reffonomics.com/VideosReffonomicsMacroeconomics
Reffonomics Financial Literacy Activities eWorkbook: http://reffonomics.com/FinancialLiteracy.html
Reffonomics for Teachers and Students eWorkbook: http://reffonomics.com/teachers.html
Reffonomics All the Graphs You "Need" to Know eWorkbook: http://reffonomics.com/graphing.html
Reffonomics Cell Phone Graphing eCellbook: http://reffonomics.com/cellgraphing.html
FRQs for Microeconomics eWorkbook: http://reffonomics.com/FRQMicroReview.html
FRQs for Macroeconomics eWorkbook: http://reffonomics.com/FRQMacroReview.html
Reffonomics high school eTextbook: http://reffonomics.com/hs.html
Reffonomics eVideos for Microeconomics (3 minutes + 3 multiple choice questions): http://reffonomics.com/VideosReffonomicsMicroeconomics
Reffonomics eVideos for Macroeconomics (3 minutes + 3 multiple choice questions): http://reffonomics.com/VideosReffonomicsMacroeconomics
Reffonomics Financial Literacy Activities eWorkbook: http://reffonomics.com/FinancialLiteracy.html
Reffonomics for Teachers and Students eWorkbook: http://reffonomics.com/teachers.html
Reffonomics All the Graphs You "Need" to Know eWorkbook: http://reffonomics.com/graphing.html
Reffonomics Cell Phone Graphing eCellbook: http://reffonomics.com/cellgraphing.html
FRQs for Microeconomics eWorkbook: http://reffonomics.com/FRQMicroReview.html
FRQs for Macroeconomics eWorkbook: http://reffonomics.com/FRQMacroReview.html
| "Free" Quick-Reference Resources by Reffonomics.com: |
| Production Choices and Behavior |
| Production Choices and Behavior |
4.3 Price Discrimination
| Graphing and Visuals |
Activity 1 Monopoly graph interactive, I
Grokkingecon Activities:
Grokkingecon Multiple Choice:
Activity 7 Monopoly graph interactive, VII
27 questions on Monopoly
Activity 2 Monopoly graph interactive, II
Activity 3 Monopoly graph interactive, III
Activity 5 Monopoly graph interactive, V
Activity 6 Monopoly graph interactive, VI
Activity 4 Monopoly graph interactive, IV
15 questions on Monopoly
Activity 8 Monopoly graph interactive, VIII
RB9: Activity 1: Oligopoly Matrix
RB9: Activity 2: Oligopoly Matrix
RB9: Activity 3: Oligopoly Matrix
Grokkingecon Activities:
RB10: Activity 1: Monopolistic Competition Graphing
RB10: Activity 2: All Market Structures
RB10: Activity 3: Competition Game 1
RB10: Activity 4: Competition Game 2
RB10: Activity 5: Competition Game 3
RB10: Activity 6: Competition Game 4
Grokkingecon Activities:
Grokkingecon Multiple Choice:
Grokkingecon Multiple Choice:
15 questions on oligopoly and game theory
11 questions on oligopoly and game theory
(3:02)
(3:25)
(2:58)
(2:53)
(3:21)
Quick Notes by Steven Reff (There is NO sound; just notes written quickly. See if you can keep up.)
Economics Baseball Game: Monopolistic Competition and Oligopoly
(the title states, Part I, but this is Part II)
All the Graphs You "Need" to Know: Monopoly
Monopoly Graph with Questions: http://reffonomics.com/c11.html
Monopoly Graph WITHOUT Questions: http://reffonomics.com/cc11.html
Monopoly Graph with Question: http://reffonomics.com/c12.html
Monopoly Graph WITHOUT Questions: http://reffonomics.com/cc12.html
Natural Monopoly Graph with Question: http://reffonomics.com/c13.html
Natural Monopoly Graph WITHOUT Questions: http://reffonomics.com/cc13.html
Monopoly Graph WITHOUT Questions (2019): http://reffonomics.com/cc11.html
Monopoly Graph WITHOUT Questions (2019): http://reffonomics.com/cc12.html
Natural Monopoly Graph WITHOUT Questions (2019): http://reffonomics.com/cc13.html
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| Check Your Knowledge (Unit 1: Basic Concepts) NOTE: This is a paid membership website www.grokkingecon.com |
All the Graphs You "Need" to Know: Monopolistic Competition
Monopolistic Competition with Questions: http://reffonomics.com/c16.html
Monopolisitic Competition WITHOUT Questions: http://reffonomics.com/cc16.html
Monopolisitic Competition WITHOUT Questions (2019): http://reffonomics.com/ccc16.html
| Check Your Knowledge (Unit 1: Basic Concepts) NOTE: This is a paid membership website www.grokkingecon.com |
(#3 Monopoly and Economies of Scale)
(#1 Monopoly, Lump-Sum Subsidy, DWL)
(#1 Monopoly, Accounting vs. Economic Profit, 1st Degree Monopoly, CS)
(#1 Monopoly, Alloc. Efficiency, Normal Profits, 1st Degree Monopoly)
(#2 Oligopoly Matrix)
(#3 Oligopoly Matrix)
(#2 Oligopoly Matrix)
(#3 Oligopoly Matrix)
| Check Your Knowledge (using College Board® FRQs) |
(#1 Monopoly, negative economic profits, perfectly competitive labor market
| Check Your Knowledge (using College Board® FRQs) |
Reffonomics eTextbook: http://reffonomics.com/Oligopoly.html
Reffonomics eVideos 3 x 3 videos
Interactive Lessons, Movable Graphs, or Drawable Graphs:
Cell Phone -- Graphing PPF Interactive:
Oligopoly with Questions: http://reffonomics.com/c15.html
Oligopoly with Questions: http://reffonomics.com/cc15.html
Oligopoly with Questions (2019): http://reffonomics.com/ccc15.html
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| Check Your Knowledge (Unit 1: Basic Concepts) NOTE: This is a paid membership website www.grokkingecon.com |
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