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This Oligopolies and Game Theory instructional video also includes:
Challenge your young economists with a problem on oligopolies and game theory in which they determine two sample firms' dominant strategies and options for maintaining and lowering prices.
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7 Downloads
CCSS:
Adaptable
Concepts
Additional Tags
Instructional Ideas
- Assign video as a homework problem that can be discussed the following day in class, or offer link to video as a tool for review
Classroom Considerations
- Appropriate for an advanced placement economics class
- Reviews concept of a dominant strategy
- This video is hosted on YouTube
Pros
- Video prompts independent practice, and then explains answers in detail
- Offers very useful tips for approaching these types of problems on a standard economics assessment
Cons
- None