Exploring Market Structures

Janelle·

Economics

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At a Glance

Grade Level12th Grade

SubjectEconomics

Original Prompt

Create a comprehensive student workbook for economics that explores markets and competition dynamics, designed to build critical analytical skills. Include real-world case studies that demonstrate various market structures from perfect competition to monopolies, with scaffolded activities that gradually increase in complexity. Incorporate data analysis exercises using current economic indicators that help students visualize market forces in action. Design problem-solving scenarios that challenge...

This learning resource focuses on understanding various market structures, including perfect competition, monopolistic competition, oligopoly, and monopoly. It provides comprehensive learning objectives aimed at enabling learners to analyze market efficiency using economic indicators and predict market outcomes under different conditions. Students will review key concepts like elasticity and market efficiency, compare different market structures, identify their characteristics, and evaluate real-world examples. Practical applications, such as calculations of price elasticity of demand, deepen knowledge through hands-on exercises. The inclusion of antitrust case studies, particularly concerning major technology firms, allows learners to see the real-world implications of monopolistic practices and regulatory responses.