Unit 2.11: Market power (HL only)
Introduction
This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans for the new microeconomics unit, 2.11: Market power.
Typically each lesson plan includes resources to use on an interactive whiteboard and worksheets to print. The pages have full student access to give maximum flexibility to the teacher and the student. There are theoretical notes for extended reading and teacher notes at the top that provide timing information lesson objectives and activity instructions.
Links to pages with lesson plans for unit 2.11 (HL only)
Direct links to the unit pages can be accessed at:
Production (HL only)
This page contains the activities, with student access, for the teacher page: Production (HL only) What is the difference between production / output and revenue in economics?Total product is the total...
Revenue theory (HL only)
This page contains the activities, with student access, for the teacher page: Revenue theory (HL only) Total revenue (TR) is the total revenue produced by a firm, measured in monetary terms usually...
Average and marginal revenue short answer questions
This page contains the activities, with student access, for the teacher page: Average and marginal revenue short answer questions 1. Revenue Concepts-total, average and marginalTotal revenue is not the...
Costs of production (HL only)
This page contains the activities for the teacher page: Costs of production (HL only) In economics what is the difference between the short run and the long run?Key definitions:Total cost (TC) - represents...
Economic profit (HL only)
This page contains the student activities for the teacher page: Economic profit (HL only) Imagine that you resign from a well paid job earning $ 90,000 per year and set up a business. What would your...
Market power crossword
This page contains the student activities for the teacher page: Market power crossword Across4. The minimum a firm needs to make to stay inbusiness7. When at least one cost of the business is fixed9....
Revision exercise on cost and revenue (HL only)
The student activities on this page are connected to the teacher page: Revision exercise on cost and revenue (HL only) Fit the appropriate word into the table so that it fits with the correct definition....
Unit 2.11: Costs, revenue and profit review sheet (HL only)
The student activities on this page are connected to the teacher page: Unit 2.11: Costs, revenue and profit review sheet (HL only) Review sheet available as a PDF file at: Review sheet
Unit 2.11: Multiple choice quiz (HL only)
The student activities on this page are connected to the teacher page: Unit 2.11: Multiple choice quiz (HL only) The questions are available as a PDf file at: Quiz questions
Market structures (HL only)
Direct links to the unit pages can be accessed at:This is the beginning of the section on perfect competition. There are a number of paper one questions on this topic, some of which are included on this...
Perfect competition (HL only)
The student activities on this page are connected to the teacher page: Perfect competition (HL only) Very large numbers of sellers and buyers, each too small to influence the market supply/demand and...
Monopoly (HL only)
This page contains the student activities for the teacher page: Monopoly (HL only) Take a look at the following video and then answer the following questions:1. Identify examples of monopolies within...
Monopolistic competition (HL only)
This page contains the student activities for the teacher page: Monopolistic competition (HL only) Consider the following industries in your local area:Start by writing down some of the characteristics...
Monopolistic competition revision questions
This page contains the student activities for the teacher page: Monopolistic competition revision questions 1. Complete the following table for monopolistic competition’s market characteristics.
Oligopoly (HL only)
This page contains the student activities for the teacher page: Oligopoly (HL only) Start by taking a look at the following presentation Oligopoly and then write down a list of a few oligopolies operating...
Unit 2.11: Multiple choice quiz (HL only)
This page contains the student activities for the teacher page: Unit 2.11: Multiple choice quiz (HL only) Available as a PDF file at: Theory of the firm