09+Video+Integration+Lesson+Plan

Your Name: Kyle Purpura

Lesson Title: The Monopoly

Introduction: After studying the outcomes of perfectly competitive firms, students now need to examine the other end of the competitive spectrum, that being the absence of competition: the monopoly. In this lesson, students are introduced to monopolies and learn to graph them through the use of video instruction. Afterwards, students will complete a short multi-choice/short answer quiz on monopolies.

Content Area and Grade or Age Level of Students: 11/12 grade; AP Economics

Objectives: (What will the students know or be able to do after completing the lesson?) Students will be able to:
 * 1) Explain what a monopoly is.
 * 2) Explain why graphing the monopoly firm and the monopoly industry are the same procedures.
 * 3) Analyze three instructional videos detailing the workings of monopolies.
 * 4) Given cost & demand information, find the monopoly's profit-maximizing rate of output.
 * 5) Calculate the monopoly's profit.loss at the profit-maximizing rate of output.

Standards Addressed: Economic Decision-Making: 1. To produce the profit-maximizing level of output and hire the optimal number of workers, and other resources, producers must compare the marginal benefits and marginal costs of producing a little more with the marginal benefits and marginal costs of producing a little less. Allocation: 1. Comparing the benefits and costs of different allocation methods in order to choose the method that is most appropriate for some specific problem that can result in more effective allocations and a more effective overall allocation system. Competition & Market Structure: 3. Some market structures are dominated by large firms, often competing against only a few other firms. Prices in such markets may be higher than they would be in more competitive markets.

Relative Advantage: The use of video to deliver instruction and the ability for the video to be uploaded for the students to view, and review, at their leisure is a clear advantage here. The alternative is student's relying on their class-notes from a teacher lecture or class discussion.

Timeline: 2-3 45-minute periods.

Materials: Computer overhead, teacher laptop, student laptops preferable Handouts: [|04 Pure Monopoly stuhand 02.docx] [|05 Regulating Monopoly stuhand 03.docx]

Grouping Strategies: Students will work on this lesson either individually or in groups of 2-3.

Learning Activities:
 * 1) Students will discuss their experiences with the game of monopoly and discuss their original definitions of "monopoly"
 * 2) Students will view the video, "Monopolies".
 * 3) media type="youtube" key="7UWgKZsKZOc" height="167" width="201"
 * 4) Working individually or in small groups, students will complete the handout "04 Pure Monopoly stuhand 02" and review the answers in class, making corrections as needed.
 * 5) Students will view the video "Monopoly: How ti Graph It".
 * 6) media type="youtube" key="fg08G21ZiV0" height="167" width="201"
 * 7) Have students practice the graph several times in their notes.
 * 8) Students will view the video, "Regulation".
 * 9) media type="youtube" key="lZfbZDK0hLw" height="167" width="201"
 * 10) Working individually or in small groups, students will complete the handout "05 Regulating Monopoly stuhand03" and review the answers in class, making corrections as needed.
 * 11) Students will successfully complete a short quiz on monopolies. The quiz contains both multi-choice and short answer response questions.

Assessment: Students will complete a quiz of 5-10 AP-style multiple choice questions about various aspects of monopolies. The quiz will also include one AP-style free response questions about monopoly regulation.

Adaptations for Learners with Special Needs: All of my course material is uploaded to my teacher-Moodle site and is available for students to use as needed; this caters to students who need extra time and who may have slower processing speeds.

References: Council for Economic Education. (2010). //Voluntary national content standards in economics//, 2nd ed. New York, NY: Author.