Episode 57 of 60 · Financial Literacy: Cash Course
The Imperfect Markets Showdown
Grades 6th+
Economics · Captions
About This Video
Is the economy a fair game, or is it rigged by the biggest players? This episode of Cash Course puts imperfect market players to the test, revealing how monopolies, oligopolies, and barriers to entry shape economic outcomes. Teach your teens how competition—fair or not—affects prices, choices, and even cupcakes.
Standards Met in Ohio
- 6.E.15Grades 6thThe interaction of supply and demand, influenced by competition, helps to determine price in a market. This interaction also determines the quantities of outputs produced and the quantities of productive resources (entrepreneurship, human resources, natural resources and capital) used.
- SS.6.15Grades 6thThe interaction of supply and demand, influenced by competition, helps to determine price in a market. This interaction also determines the quantities of outputs produced and the quantities of productive resources (e.g., entrepreneurship, human resources, natural resources, capital) used.