• Unit V-1: 6 Characteristics of a Monopoly
    Objectives:
    1. TSW define the 6 characteristics of a monopoly.
    2. TSW take a pre-test to see what they know about monopolies.
     
    Homework:
    Read and Outline Chapter 15: Monopolies for Friday 12/19 (10 Points)
     
    Unit V-2: Monopoly Reffonomics Review
    Objectives:
    1. TSW using laptops review Chapter 10 in Reffonomics: Monopolies 
     
    Homework: 
    1. Monopoly Practice Problems (10 Points)
     
    Unit V-3: 4 Origins of Monopolies
    Objectives:
    1. TSW define the 4 Origins of Monopolies.
    2. TSW identify the similarities and differences between monopolies and perfectly competitive markets.  
     
    Homework: 
    None
     
     
    Unit V-4: Divorce of MR & DARP
    Objectives:
    1. TSW define why MR does not equal Price in a monopoly.
    2. TSW graph the curves of MR & DARP.
    3. TSW define the elastic and inelastic ranges of the demand curve in a monopoly. 
     
    Homework: 
    None
     
    Unit V-5: Finding Profit Maximizing Quantity
    Objectives:
    1. The students will use the profit maximizing rule (MR=MC) to find Qpm.
     
    Homework: 
    Chapter 15 Outline Due (10 Points) 
     
    Unit V-6: Quiz: Monopoly (20 Points)
    Objectives:
    1. TSW take the Quiz: Monopoly (20 Points)
     
    Homework: 
    None
     
    Unit V-7: Monopoly Profits/Losses (Lip Dub)
    Objectives:
    1. TSW will graph monopolies earning profits/losses. 
    2. TSW identify why monopolies have the prospect for profits in the long run. 
     
    Homework: 
    None 
     
    Unit V-8: Monopolies vs. Perfect Competition (Check for Understanding)
    Objectives:
    1. TSW practice in their packets completing multiple choice problems on pages 24-26.
     
    Homework: 
    None
     
    Unit V-9: Natural Monopolies + Barriers to Entry
    Objectives:
    1. TSW identify the 4 Barriers to Entry with regard to monopolies.
    2. TSW define natural monopolies and how the government encourages monopolies in certain aspects of the economy.
     
    Homework: 
    None
     
    Unit V-10: Price Discrimination and Efficiencies
    Objectives:
    1. TSW define price discrimination with regard to monopolies.
    2. TSW explain examples of price discrimination.
    3. TSW identify consequences of price discrimination vs. a single price monopolist. 
     
    Homework: 
     None
     
     
     
    Unit V-11: Test: Monopoly
    Objectives:
    1. TSW take the Unit V Test: Monopoly
     
    Homework:
    1. None
     
Last Modified on January 7, 2015