Unit 2.5 - Monopolies and Market Structure
Discuss the above political cartoon with your groups.
Learning Goals: Students can analyze market structures and reflect on applications of supply and demand. |
Success Criteria:
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Together we will discuss the below lesson on types of markets. Reflect on the following question:
1. Which system is best for consumers? Why?
2. Which system is best for producers? Why?
1. Which system is best for consumers? Why?
2. Which system is best for producers? Why?
Market Systems | |
File Size: | 3730 kb |
File Type: | ppt |
Monopoly Game Simulation
Monopoly Game Practice and Reflection 2.5%
Monopoly Assignment Rubric | |
File Size: | 14 kb |
File Type: | docx |
Together we will play Monopoly. You will be put into 2 groups where you will play against one another. Monopoly instructions are linked here. Go over some of the important ones, but I will be there to settle disputes. Also practice. Visit this link and play / practice with friends in the class or against yourself.
The winner and top 2nd place will then play off to win a prize. Your goal is to make as much money as possible. After playing the game you will write a short reflection on your game play. In the reflection you must:
Round 1 Will take place on Tuesday and Round 2 on Wednesday. Even if you are not in the Final you will still be able to play. Remember you may need to adjust your strategy from Day 1 to Day 2. You will outline this in your reflect as well.
1. Explain your strategy and if it was successful. Why or why not?
2. Explain economic concepts you applied or saw when playing the game.
3. Explain what you learned through playing the game and examining it through an economic sense.
4. Explain what you did well and what you would do differently.
5. Who was the best player and why do you think so.
Review the rubric above to see exactly what you need to do to be successful.
The winner and top 2nd place will then play off to win a prize. Your goal is to make as much money as possible. After playing the game you will write a short reflection on your game play. In the reflection you must:
Round 1 Will take place on Tuesday and Round 2 on Wednesday. Even if you are not in the Final you will still be able to play. Remember you may need to adjust your strategy from Day 1 to Day 2. You will outline this in your reflect as well.
1. Explain your strategy and if it was successful. Why or why not?
2. Explain economic concepts you applied or saw when playing the game.
3. Explain what you learned through playing the game and examining it through an economic sense.
4. Explain what you did well and what you would do differently.
5. Who was the best player and why do you think so.
Review the rubric above to see exactly what you need to do to be successful.
Extension: Marijuana In Toronto
Read the article linked here and this one here. What type of market is the marijuana industry in Toronto? How is it affecting other market sectors? What is going on with that market and what can we learn from it?