Market Structure Perfect Competition and Monopoly ’ppt’ IGCSE Economics. Use these materials to engage your students, and relax. You can consistently produce A*s, As, and Bs.
User guidelines:
- Duplicate the file. Delete the answers to the activities in one file and share to students before or during the class.
- Project the file. Teach and / or discuss the content within 5 to 15 minutes of lesson time.
- Let students work on the activities provided.
- Watch and guide them individually or collectively as the needs arise, such that they
understand and do the needful. - Use the activities as you find fit. Project the answers. Let students exchange and mark their own scripts for short and direct responses questions. Mark the detailed responses yourself. Best regards.
Lesson Objectives
At the completion of the lesson, all students should be able to;
• Define Competitive markets - Explain the effect of having a high number of firms on price, quality, choice, profit.
Note: the theory of perfect and imperfect competition and diagrams are not required.
• Define Monopoly markets - Explain the characteristics, advantages and disadvantages of monopoly. Note: diagrams are not required.
‘Class Activities’ ‘Multiple Choice Questions’ with Answers.
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