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Teaching Market Structures

On the agenda for November's EconEdChat were 3 questions:

1) How can we help students get to grips with diagrams?

2) How can we teach Market Structures effectively?

3) Do starters still have a place in Economics lesson planning, and, if so, what forms might they take?

This post focusses on the second question, you can find the first here.

For a fairly lengthy discussion, there aren't many references here!

We mention a few times how important it is for students to have really strong foundations in production, costs, revenues and profits. I've written quite a lengthy post about that topic here.

Ryan mentioned his graphic organisers, which you can find here. There's also an interesting activity from @EconomiesW that's also worth a look.

We talk about 'tables': a very common way to record stuff in Market Structures, typically something like this:

Sarah Jones has posted a nice GIF of how we build the market-firm diagram to show perfect competition in the long run.

I think that's everything we referenced, but if we talk about something in the video and it's not clear, let me know and I'll add extra references!

Econ Ed Chat takes place the first Wednesday of the month at 6pm GMT. All welcome.


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