Monopoly Podcasts

Today, you will view the podcasts on Monopoly, however, this time they were done by a guy named Sal Khan.

You do not HAVE to view the first one, "Perfect Competition," but he does refer to it in the Monopoly podcasts so it might be helpful (his videos are one big lecture broken into smaller videos so it's sort of a continuation) and/or good review.

You DO have to view the following videos:

• Monopoly Basics
• Monopolist Optimizing Price (part 1)- Total Revenue.
• Monopolist Optimizing Price (part 2)- Marginal Revenue
• Monopolist Optimizing Price (part 3)- Dead Weight Loss.avi  

Another video that may be helpful, but is not required:

• Review of Revenue and Cost Graphs for a Monopoly

All links can be found here. 

When you are finished, please work in small groups on the problems section at the end of chapter 10 of your textbook.

Please let me know if you have any questions!