Business Economics and Game Theory for Decision Making
Master economic concepts and game theory for strategic decision-making in business. Optimize pricing and market strategies.
Course Cost
Free course
Intermediate
Skill Level
39 Hours
Self-paced lessons
Dive into advanced business economics and game theory with this comprehensive course designed for strategic decision-makers. Explore crucial concepts like price elasticity, market power, and game theory to enhance your business acumen. Learn to optimize pricing strategies, analyze market interventions, and navigate competitive landscapes. This course equips you with powerful tools to make informed decisions, maximize profitability, and gain a competitive edge in dynamic business environments. Ideal for professionals seeking to deepen their understanding of economic principles and strategic interactions in the marketplace.
What you'll learn
Develop a deep understanding of price elasticity and its applications in pricing strategies
Analyze the implications of market interventions on various stakeholders
Identify sources of market power and optimize pricing for profit maximization
Apply market segmentation techniques for effective price customization
Understand oligopolistic competition and its impact on business strategies
Master key concepts in game theory for strategic decision-making
Evaluate auction mechanisms and their economic implications
Assess the effects of information asymmetry on market outcomes
Skills you'll gain
This course includes:
7.5 Hours PreRecorded video
21 assignments
Access on Mobile, Tablet, Desktop
FullTime access
Shareable certificate
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There are 6 modules in this course
This course provides an in-depth exploration of business economics and game theory for strategic decision-making. Students will delve into crucial concepts such as price elasticity of demand, market power, and game theory applications in business contexts. The curriculum covers optimal pricing strategies, market interventions, oligopolistic competition, and strategic interactions among firms. Through a combination of theoretical frameworks and practical case studies, learners will develop the analytical skills necessary to navigate complex business environments. The course emphasizes the application of economic principles to real-world scenarios, enabling students to make informed decisions on pricing, market segmentation, and competitive strategies. By integrating game theory concepts, the course equips participants with tools to analyze and predict outcomes in various strategic interactions, enhancing their ability to formulate effective business strategies in competitive markets.
Price Elasticity of Demand
Module 1 · 6 Hours to complete
Policy; Winners and Losers from Intervention; Influencing Policy
Module 2 · 8 Hours to complete
Pricing with Market Power
Module 3 · 7 Hours to complete
Competing with Market Power
Module 4 · 6 Hours to complete
Game Theory
Module 5 · 9 Hours to complete
Summative Course Assessment
Module 6 · 3 Hours to complete
Fee Structure
Payment options
Financial Aid
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Faculties
These are the expert instructors who will be teaching you throughout the course. With a wealth of knowledge and real-world experience, they're here to guide, inspire, and support you every step of the way. Get to know the people who will help you reach your learning goals and make the most of your journey.
Frequently asked Questions
Below are some of the most commonly asked questions about this course. We aim to provide clear and concise answers to help you better understand the course content, structure, and any other relevant information. If you have any additional questions or if your question is not listed here, please don't hesitate to reach out to our support team for further assistance.






