Monopoly
Documents for Download
Yale's Central Power PlantWe will take a field trip to Yale University's Central Power Plant, which has provided the campus with electricity, steam heat, and chilled water for the last 90 years. The plant utilizes cutting-edge technology to produce energy at maximum attainable efficiency.
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Monopoly Board GameWe will play the board game Monopoly to simulate a market economy and to facilitate a discussion about the given market structure. How can we change the rules to better simulate a true Monopoly.
Listen to the PlanetMoney podcast "Monopoly, A Dangerous Game?" |
Unit 5 Videos
The following videos are for Unit 5. Be sure to watch them all, write down any questions you have, and be prepared to discuss them in class.
- Episode 27: Monopoly
- Episode 27B: Deadweight Loss from Monopoly
- Episode 28: Regulation
Episode 27: Monopoly
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Episode 27B: Deadweight Loss from Monopoly
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Episode 28: Regulation
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Listen to the PlanetMoney podcast "The Blue Pallet." The podcast discusses a massive change to an industry that had remained unchanged pretty much since its inception. The pallet industry essentially transforms into a monopoly as smaller firms have trouble keeping up with this big change.