Game Theory and Oligopoly

Competition makes the economy go 'round! Learn about non-price competition and other elements of game theory, along with the details of oligopolies, with a video from Crash Course Economics.

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CCSS: Adaptable
Instructional Ideas
  • Connect the lesson to a math class when discussing the payoff matrix
  • Have learners examine famous cases of collusion and price fixing
  • Prompt class members to write about a time when they chose one product over a very similar competitor, and why
Classroom Considerations
  • Comment section is open to the public and may contain inappropriate language
  • The 26th video in a series of 35 resources about economics
  • This resource is only available on an unencrypted HTTP website. It should be fine for general use, but don’t use it to share any personally identifiable information
Pros
  • Differentiates between monopolies and oligopolies
  • Real-world examples are applicable and engaging
Cons
  • None