ap microeconomics cram – game theory & monopoly

timestamps

• 0:00

  Technical Setup Issues

• 0:31

  Joining Zoom Session

• 2:45

  Waiting for Attendees

• 6:50

  Game Theory Overview

• 7:24

  Key Terms Explained

• 8:27

  Nash Equilibrium Defined

• 9:00

  Prisoners Dilemma Example

• 10:33

  Coca-Cola Pepsi Problem

• 11:05

  Finding Nash Equilibrium

• 13:08

  Dominant Strategy Analysis

• 14:09

  Better Outcome Discussion

• 16:13

  Practice FRQ Introduction

• 19:47

  FRQ Part A and B

• 21:44

  Incentive to Cheat

• 23:16

  Dominant Strategy Check

• 24:19

  Nash Equilibria Identification

• 25:21

  Redrawn Matrix with Payment

• 27:26

  FRQ Part B Review

• 30:01

  Showing Work Tips

• 32:37

  Matrix Redraw Explanation

• 34:43

  Nash in Redrawn Matrix

• 36:17

  Final FRQ Introduction

• 39:42

  Monopoly Graph Drawing

• 42:20

  Elasticity at Profit Max

• 42:51

  Break-Even Point

• 44:25

  Deadweight Loss Explanation

• 47:37

  Game Theory in Monopoly

• 51:46

  Dominant Strategy Check

• 53:22

  Best Response Analysis

• 54:54

  Nash Equilibrium Identification

• 56:27

  Group Discussion Start

• 56:59

  Natural Monopoly Graph

• 1:01:49

  Government Regulation Questions

• 1:03:33

  Accounting vs Economic Profit

• 1:05:46

  Cram Quiz Introduction

• 1:10:23

  Gas Prices Expectation Question

• 1:13:21

  Public Good Underproduction

• 1:15:38

  Brand Name Reputation

• 1:18:34

  Demand Elasticity in Mon Comp

• 1:21:40

  Deadweight Loss in Monopoly

• 1:23:58

  Demand for Complementary Goods

• 1:25:04

  Natural Monopoly Example

• 1:26:08

  Session Wrap-Up