Thursday, March 23rd, 2006

Market Failures: Monopoly

OBJECTIVE 

Students shall be able to

1. define monopoly.

2. identify characteristics of monopoly.

3. explain how a monopolist maximizes profit.

4. list examples of monopoly.

5. define natural monopoly.

 

ACTIVITIES

1. Students shall watch "Economics USA: Monopoly."

2. Answer questions from the video.

Assignment:

1. Watch "Economics USA: Monopoly."

2. Answer questions from "Economics USA: Monopoly" on the left side of your notebook.

 

ASSESSMENT PROCEDURES

Monitor and adjust as necessary. Check student responses in the notebook.

TEKS involved: 2A, 2B, 2C, 2D, 4A, 4B, 7A, 9C, 12B, 15A, 15B, 19A, 19D, 21A, 23B, 24A, 24B, 24C, 24D, 26B, 26C, 26D