Oligopolies and Game Theory

This Oligopolies and Game Theory video also includes:

Challenge your young economists with a problem on oligopolies and game theory in which they determine two sample firms' dominant strategies and options for maintaining and lowering prices.

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CCSS: Adaptable
Instructional Ideas

  • Assign video as a homework problem that can be discussed the following day in class, or offer link to video as a tool for review
Classroom Considerations

  • Appropriate for an advanced placement economics class
  • Reviews concept of a dominant strategy
Pros

  • Video prompts independent practice, and then explains answers in detail
  • Offers very useful tips for approaching these types of problems on a standard economics assessment
Cons

  • None
Common Core