Theme 3: Oligopoly and collusive behaviour

Click here to access today's presentation on oligopoly and collusion.

Theme 3: Updated presentation on Monopoly

Basics of the Economics of Monopoly from tutor2u

Unit 1: Introduction to micro-economics and the basic economic problem

Introduction to microeconomics from mattbentley34

Unit 3: Contestable markets - a presentation

How does the threat of competition affect a firm’s behaviour?

Students should be able to:

• Understand the characteristics of this market structure with particular reference to the interdependence of firms
• Explain the behaviour of firms in this market structure
• Explain reasons for collusive and non-collusive behaviour
• Evaluate the reasons why firms may wish to pursue both overt and tacit collusion

Contestable Markets from tutor2u

Unit 3: Monopolistic competition presentation

Monopolistic Competition from tutor2u

A clip helping explain short to long run equilibrium....

Unit 4: The economics of a minimum wage rise

A really useful presentation on the minimum wage. It focuses on some of the arguments surrounding the possible introduction of a £7 per hour national minimum wage in the UK. 

It also gives you an idea about how to evaluate. Try and argue against the point made on slide 19 - a useful exercise in evaluation.

A2 Micro: Economics of £7 Minimum Wage from tutor2u

Unit 3: Revenue Vs Profits

Another useful presentation on Revenues and Profits.

Revenues and Profits from tutor2u

Unit 3: Perfect Competition Presentation

An updated presentation on aspects of Perfect Competition from tutor2u.

Perfect competition summary from tutor2u

Unit 3: Satisficing

Here is an updated revision presentation on satisficing as an alternative to profit maximisation and also some of the factors affecting the profitability of a business such as Stagecoach plc.

 

Satisficing & Profitability Factors from tutor2u

Unit 3: Fixed Vs Variable costs presentation

A2 Micro: Fixed and Variable Costs from tutor2u

Unit 3: Monopolistic Competition

In case you didn't get it through my amazing teaching....here is a short clip explaining the theory in more detail:



Related questions:

Minicab taxi firms are best described by the model of monopolistic competition. Which
of the following will be true for such firms in long-run equilibrium?

   Productive efficiency        Profit                            Product
A Yes                            Supernormal                     Homogenous
B No                             Normal                             Differentiated
C Yes                            Normal                             Homogenous
D No                             Supernormal                     Differentiated
E Yes                            Normal                              Differentiated

Unit 4: The Economics of International trade - Presentation

Presentation on International trade - excellent up to date notes to help you with the Unit 4 essay and data questions.

International Trade from tutor2u

Unit 3: Oligopoly Presentation

A useful presentation which introduces the key features of an Oligopolistic market structure. It also has some useful examples for you to discuss.

Oligopoly an Introduction from mattbentley34

Questions for discussion:

Please use the earlier blog post to answer the questions on Jamie's Restaurant.