Steven M. Reff
Economics Lecturer
University of Arizona
(2007 - 2016)
The 2015 University of Arizona
Five-Star Faculty Award

Steven Reff's Resume
Unit 4:  Imperfect Competition

• Topic 3.7   
REVIEW:  Perfect Competition
• Topic 4.1   Introduction to Imperfectly Competiitve Markets
• Topic 4.2   Monopoly
• Topic 4.3   Price Discrimination
• Topic 4.4   Monopolistic Competition
• Topic 4.5   Oligopoly and Game Theory
(15% – 22% of the exam)
8 - 10 class periods
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Unit 4
Imperfect Competition
Week 8
Below are lessons for Unit 4: Topics 3.7, 4.1 - 4.2 aligned to the AP® Microeconomics CED.
You will have textbook readings, short videos with 3 multiple choice questions, workbook
assignments, multiple choice questions, "free" response questions and much more.

These resources can be displayed on the instructor's projection system inside the classroom,
or the instructor can copy the links and give to the students as homework.

Link to the  
AP®  Microeconomics CED (Course and Exam Description) to see in-depth
coverage on each of the topics listed below for Unit 4:  Imperfect Competition
Principles of Microeconomics
Days 1:  Week 8
Topic 3.7   REVIEW:   Perfect Competition
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Remember, you still have all of the resources and
assessments that The College Board
® provides for you
and your students.
Reffonomics Baseball Rules
Days 2:  Week 8
Topic 3.7   Perfect Competition REVIEW
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Topic 3.7 Perfect Competition, Part XIV (Questions, II)
Topic 3.7 Perfect Competition, Part XV (Questions, III)
Topic 3.7 Perfect Competition, Part XVI (Questions, I)
Topic 3.7 Perfect Competition, Part XIV (17 Multiple Choice)
Reffonomics Baseball -- Perfect Competition
Topic 3.7 Perfect Competition, Part XV (15 Multiple Choice)
Topic 3.7 Perfect Competition, Part XVI (Questions, IV)
Days 3:  Week 8
Topic 3.7   Perfect Competition REVIEW
News Article on Perfect Competition (The Farming Industry)
Topic 3.7 Perfect Competition, Point on a Firm Graph
2017 FRQ #1 (Perfect Competition, Change in Demand, Long Run, Price Ceiling)
2010 FRQ #1 (Perfect Competition and Change in Demand)
2015 FRQ #1 (Perfect Competition, AR, TR, Lump-Sum Subsidy)
2008 FRQ #1 (Perfect Competition, Lump-Sum Subsidy, SR v. LR)
4.2   Monopoly, Part I
eVideos -- Short Videos:
eWorkbook Activities Interactive:
eTextbook Reading:
Monopoly, Part I
Monopoly I:  (Drag, Drop, and Draw Monopoly Graphs)
Monopoly (MR and P) Part II
Monopoly Characteristics
Monopoly (D, MR, and TR, Part I)
Monopoly (MR and P) Part I
Monopoly (D, MR, and TR, Part II)
(3 min. or less, along with 3 multiple choice questions)
4.1   Introduction to Imperfectly Competitive Markets
eTextbook Reading:
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Market Structure Interactive Activity
Different Market Structures
eVideos -- Short Videos:
eWorkbook Activities Interactive:
(3 min. or less, along with 3 multiple choice questions)
Types of Market Structures (Characteristics, Part I)
Types of Market Structures (Characteristics, Part II)
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Days 4:  Week 8
Days 5:  Week 8
REVIEW VIDEOS:  Monopoly
Monopoly Graph, Part I (D, MR, MR, ATC, CS, and DWL )
Monopoly Graph, Part II (ATC, Profit, and Loss)
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2017 FRQ #1 Scoring Guidelines (rubric)
2015 FRQ #1 Scoring Guidelines (rubric)
2010 FRQ #1 Scoring Guidelines (rubric)
2008 FRQ #2 Scoring Guidelines (rubric)