Explain, with examples, the theory of perfect Book page KWHL Drawing diagrams Revision resources competition Workbook page Labeling diagrams Describe and assess the assumptions underlying Worksheet no Interpreting Class tests perfect competition diagrams Illustrate, explain and interpret a firm’s demand Competition made simple Collated SEC exams & curve doc Q & A using Bloom’s schemes Describe the equilibrium for a perfectly prompts Show-me board to competitive firm in the short run Powerpoints practice drawing Exam question Define and illustrate supernormal profits Discuss why new firms enter the industry Drawing diagrams Think-pair-share diagrams & AfL template doc Critically analyse the effects on equilibrium of Perfect competition new entrants Student presentation STUDYCLIX HL Describe, with the aid of a diagram, the equilibrium for a perfectly competitive firm in STUDYCLIX OL the long run Derive the supply curve for a perfectly competitive firm Analyse perfect competition as a market from the point of view of consumers, producers and the use of scarce resources and as a model in understanding market structures LEAVING CERTIFICATE ECONOMICS MICRO TOPIC 14: MARKET STRUCTURES – MONOPOLY WEEK: Differentiated Differentiated resources, methods & activities for AfL & AoL Expected Learning Outcomes General Literacy Numeracy Revision The students will be able to do the following: & Comprehension, Language, writing, oral language estimation, problem AoL
Explain, with examples, the theory of perfect competition Describe and assess the assumptions underlying perfect competition Illustrate, explain and interpret a firm’s demand curve Describe the equilibrium for a perfectly competitive firm in the short run Define and illustrate supernormal profits Discuss why new firms enter the industry Critically analyse the effects on equilibrium of new entrants Describe, with the aid of a diagram, the equilibrium for a perfectly competitive firm in the long run Derive the supply curve for a perfectly competitive firm Analyse perfect competition as a market from the point of view of consumers, producers and the use of scarce resources and as a model in understanding market structures Book page Workbook page Worksheet no Competition made simple doc Powerpoints Drawing diagrams Perfect competition Student presentation KWHL Q & A using Bloom’s prompts Think-pair-share Drawing diagrams Labeling diagrams Interpreting diagrams Show-me board to practice drawing diagrams & AfL Revision resources Class tests Collated SEC exams & schemes Exam question template doc STUDYCLIX HL STUDYCLIX OL LEAVING CERTIFICATE ECONOMICS MICRO TOPIC 14: MARKET STRUCTURES – MONOPOLY WEEK: Differentiated Expected Learning Outcomes The students will be able to do the following: Differentiated resources, methods & activities for AfL & AoL General Literacy Comprehension, writing, oral language Numeracy Language, estimation, problem Revision & AoL