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Business Economics and Game Theory for Decision Making
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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.

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4.8

2,009 Enrolled

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English

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Provider Logo
olive-leaves-logo

4.8

2,009 Enrolled

olive-leaves-logo

English

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

Pricing
Microeconomics
Business Strategy
Competitiveness
Market Economics
Game Theory
Elasticity
Market Power
Oligopoly
Auctions

This course includes:

7.5 Hours PreRecorded video

21 assignments

Access on Mobile, Tablet, Desktop

FullTime access

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Top companies offer this course to their employees

Top companies provide this course to enhance their employees' skills, ensuring they excel in handling complex projects and drive organizational success.

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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

Reviews

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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.

Business Economics and Game Theory for Decision Making

Intermediate

Skill Level

39 Hours

Self-paced lessons

Course Cost

Free course

Completion

CERTIFICATE

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.