분야
hwp2. Introduction
3. Lesson Description
4. Concepts
5. Essential Content
6. General Objectives
7. Matters That Requires Attention
8. Procedures
We will teach the basic concepts of the two types of markets, some features and the causes of them. In order to test students' comprehension, we are going to ask some simple questions during class. It will be efficient to make them remember what we teach and call their attentions. After we teach all the things, students are required to adjust them to a real case as well as play a game for reviewing.
4. Concepts
perfectly competitive market
the causes of perfectly competitive market
monopoly
the causes of monopoly
5. Essential Content
the concept of perfectly competitive market : perfect competition exists when a market has many buyers and sellers of the same good. Few markets are perfectly competitive because barriers keep companies from entering or leaving the market easily.
the causes of perfectly competitive market : atomicity, homogeneity, complete information and equal access, Free entry
the concept of monopoly : a firm has a monopoly when it controls an entire market. Because a monopolist controls the price of its product, a monopoly produces less and charges higher prices than would a perfectly competitive firm.
the causes of monopoly : economies of scale, natural Monopolies. entry barrier
6. General Objectives
After attending the class, students can
• describe the four conditions that are in place in a perfectly competitive market.
• describe prices and output in a perfectly competitive market.
• describe characteristics and give examples of monopoly
• describe how monopolies are formed.
• explain how a firm with a monopoly sets output and price, and why companies practice price discrimination.
