Market Structures and Competition

This lesson can be used either to teach Business students about competition, market structures and how consumers can be affected by anti-competitive practices OR to teach Economics students about the different features of market structures and why competition / a lack of competition affects different stakeholders.

Included in this lesson:

A colourful and detailed title slide outlining the key learning objectives

An income elasticity of demand starter activity suitable for both Business and Economics students (calculation / explain / diagram question). A printable slide of the questions has been provided with a detailed answer key on next slide for peer marking.

A detailed and contextualised example of how a lack of competition affects different stakeholders (Epic Games legal battle with Apple over Fortnite)

Brainstorming activity on competition

A rank in order activity on types of competitive markets

Detailed notes on competition, monopolies, oligopolies, monopolistic competition, perfect competition, Game Theory, types of anti-competitive practices such as Cartels, OFT.

This presentation contains 37 slides and took me an hour to go through with my students.