Professional Certification in The Market Structure and Game Theory

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International Students can apply

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Professional Certification in The Market Structure and Game Theory

London School of International Business (LSIB) is a decade old institution offering a wide range of Degree and Diploma Courses delivered 100% online. We are proud of our global community of over 10,000 successful alumni.

Overview


The Professional Certification in Market Structure and Game Theory provides a comprehensive exploration of market structures and the application of game theory in strategic decision-making. In this course, participants will gain a deep understanding of different market structures, including perfect competition, monopoly, oligopoly, and monopolistic competition. They will examine the characteristics of each market structure and analyze how they influence pricing, production, and market behavior.

Furthermore, learners will delve into game theory, a powerful tool for analyzing strategic interactions between players in competitive environments. They will study various concepts, such as Nash equilibrium, dominant strategies, and prisoner's dilemma, to understand how individuals and firms make decisions in strategic settings. Through case studies and interactive discussions, participants will develop the analytical skills and strategic thinking necessary to assess market conditions, anticipate competitive behavior, and formulate effective business strategies.

This certification is suitable for professionals across industries who are interested in gaining a deeper understanding of market dynamics and strategic decision-making. Whether you are a business executive, entrepreneur, consultant, or economist, this course will equip you with valuable insights into market structures and game theory, enabling you to make informed strategic choices to gain a competitive advantage in the marketplace.

Key facts about Professional Certification in The Market Structure and Game Theory

1. Comprehensive curriculum covering market structure and game theory.
2. Learn essential concepts such as monopoly, oligopoly, and competitive markets.
3. Understand strategic decision-making through the lens of game theory.
4. Gain insights into pricing strategies, market dynamics, and competitive behavior.
5. Practical case studies and real-world examples enhance learning.
6. Acquire analytical skills to assess market structures and make informed business decisions.
7. Suitable for professionals in economics, business, and related fields.
8. Enhance your career prospects with a recognized certification.
9. Flexible online learning options for self-paced study.
10. Expert instructors and support available throughout the course.

Enroll in the "Professional Certification in The Market Structure and Game Theory" to boost your expertise in market analysis and strategic decision-making.

Why choose LSIB ?

    1. Comprehensive curriculum covering market structure, game theory, and strategic decision-making.
    2. Explore key concepts such as monopoly, oligopoly, perfect competition, and pricing strategies.
    3. Gain insights into the dynamics of markets and competitive behavior.
    4. Practical applications of game theory to analyze strategic interactions in business.
    5. Develop analytical and problem-solving skills applicable to various industries.
    6. Flexible online learning with self-paced modules and expert guidance.
    7. Earn a recognized certification to enhance your career prospects.
    8. Suitable for professionals in economics, business, and related fields.
    9. Learn from industry experts and access valuable resources.
    10. Stay ahead in the competitive market by mastering market structure and game theory.

    Enroll in the "Professional Certification in The Market Structure and Game Theory" to deepen your understanding of market dynamics and strategic decision-making.


Flexible study

Study from anywhere, Study anytime
Flexibility: Study from anywhere, Study anytime

Our dynamic and flexible course will help you attain world class qualification from the comforts of your home or office.

We welcome applications from students of all backgrounds and from any part of the world. We set high standards, and we challenge, pushing students to new heights. We support and guide students through their studies, research and careers.

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Entry requirements

The program operates on an open enrollment basis, and there are no specific entry requirements. Individuals with a genuine interest in the subject matter are welcome to participate.


International Students can apply

Joining our world will be life-changing with a student body representing over 157 nationalities.

LSIB is truly an international institution with history of welcoming students from around the world. With us, you're not just a student, you're a member.

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Course content

1. Introduction to Market Structures:
   - Overview of different market structures
   - Characteristics and key players in each market structure
   - Implications for pricing, production, and competition

2. Perfect Competition:
   - Assumptions and characteristics of perfect competition
   - Equilibrium in a perfectly competitive market
   - Pricing and output decisions in perfect competition

3. Monopoly:
   - Features and barriers to entry in a monopoly
   - Monopoly pricing and output decisions
   - Regulation and antitrust issues in monopolistic markets

4. Oligopoly:
   - Characteristics and interdependence among firms in an oligopoly
   - Game theory and strategic decision-making in oligopolistic markets
   - Collusion, cartel behavior, and strategic interactions

5. Monopolistic Competition:
   - Features and differentiation in monopolistic competition
   - Pricing and advertising decisions in monopolistically competitive markets
   - Product differentiation and market entry barriers

6. Introduction to Game Theory:
   - Basics of game theory and its applications in business
   - Strategic behavior and payoff matrices
   - Nash equilibrium and dominant strategies

7. Simultaneous Games:
   - Understanding and analyzing simultaneous games
   - Prisoner's dilemma and its variations
   - Mixed strategies and the concept of equilibrium

8. Sequential Games:
   - Analyzing sequential games and strategic timing
   - Stackelberg and Cournot models in oligopolistic markets
   - Subgame perfect equilibrium and backward induction

9. Bargaining and Negotiation:
   - Bargaining models and negotiation strategies
   - Nash bargaining solution and its extensions
   - Integrative and distributive bargaining approaches

10. Game Theory Applications in Business:
    - Applications of game theory in pricing decisions
    - Strategic decision-making in advertising and promotion
    - Game theory in competitive strategy and market entry

11. Behavioral Economics and Game Theory:
    - Behavioral biases and their impact on strategic decision-making
    - Prospect theory and its implications in game theory
    - Experimental economics and game theory experiments

12. Case Studies and Practical Applications:
    - Analyzing real-world case studies applying market structures and game theory
    - Strategic decision-making exercises and simulations
    - Critical thinking and problem-solving in market dynamics and game theory

Assessment

The assessment is done via submission of assignment. There are no written exams.

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Fee and Payment Plans


Duration

The programme is available in two duration modes:

1 month (Fast-track mode)
2 months (Standard mode)

Fees

1 month (Fast-track mode) - £140
2 months (Standard mode) - £90 * This programme does not have any additional costs.
* The fee is payable in monthly, quarterly, half yearly instalments.
** You can avail 5% discount if you pay the full fee upfront in 1 instalment

Fee Payment plans

1 month (Fast-track mode) - £140

2 months (Standard mode) - £90

40% Cheaper

Our course fee is upto 40% cheaper than most universities and colleges.

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Accreditation

This programme offers wide range of career paths. Here are just a few:

This program is not intended to replace or serve as an equivalent to obtaining a formal degree or diploma. It should be noted that this course is not accredited by a recognised awarding body or regulated by an authorised institution/ body.
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Our goal

Prepare yourself with the key skill sets to succeed in a hyper-competitive environment. Study with us from anywhere in the world and receive a fully accredited qualification.

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  • Start this course anytime from anywhere.
  • 1. Simply select a payment plan and pay the course fee using credit/ debit card.
  • 2. Course starts
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