3.4.4 Oligopoly - Theme 3 Edexcel A Level Economics
This double/triple lesson introduces learners to oligopolies, we start by looking at characteristics of this market structure. We look at examples of firms that operate within the market structure before looking at how the demand curve is kinked - which leads on to collusive behaviour. Game theory and prisoner's dilemma is used to demonstrate collusive behaviour. We look at a real life example involving Apple before looking at the pros and cons of collusive behaviour. We also look at competitive oligopolies which lead to price wars. A group task which can be presented back towards the end and a link to a kahoot quiz and a box plenary to finish with.
Colourful, concise and engaging slides!