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Market Structures

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(1)

Market Structures

Amelie Rieß | Leya Lenz | Economics

(2)

Business Game:

Monopolist

• Download im App Store / PlayStore

• Play With Friends -> Create

Room -> andere treten mit CODE bei

• 4 x 4 Gruppen & 1 x 6er Gruppe

• Spielzeit: 30 Minuten

(3)

What is a market?

• Latin "mercatus"

• Process of establishing the prices of goods and services

• Place where potential buyers & sellers meet

• Different types of markets

(4)

Pricing

• Determined by cost, the market & competition

• Supply and demand

• Goals: low expenses & highest possible income

• 7 pricing models

(5)
(6)

The market structures 

• Describes the structure of supply & demand

• 3 main structures

Polypoly (many suppliers)

Oligopoly (few suppliers)

Monopoly (only supplier)

• examples

(7)

Most

competetive Competiti Perfect

on / Polypoly

 Monopolis Competititic

on

 Oligopoly  Monopoly  

Least competitive

The market

structures

(8)

Discussion

• Money-Management

• Similarities Monopoly/Bankrupt vs. Real-Life Economics

• Learning effects of the game

(9)

Thank you for your attention!!

Leya Lenz | Amelie Rieß

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