This lesson introduces:
1 - The difference between public and private goods
2 - The free rider problem
3 - The provision of public goods such as street lighting
Complete A2 lesson with learning objectives, diagrams and video links including a section on Game Theory and the Prisoner’s Dilemma.
This lesson covers everything students need to know about Oligopoly for their A2 Economics course. It is a significantly lengthy powerpoint as a result that fills a double lesson of teaching, particularly if you make good use of the prisoner’s dilemma.
(The Prisoner’s Dilemma - Select two pairs of students to leave the room and discuss their options they must be seperated from each other. Give these options on a bit of paper and make out like they are not the same for each student, even though they are.)