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Professional Certification in The Market Structure and Game Theory

The programme aims to develop pro-active decision makers, managers and leaders for a variety of careers in business sectors in a global context.

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.

Course start dates
    Please find below our next course start dates:
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  Duration

The programme is available in two duration modes:
1 month (Fast-track mode)
2 months (Standard mode)

  Course Delivery

Online

  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.

  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.

  Course fee

The fee for the programme is as follows:
1 month (Fast-track mode) - £140
2 months (Standard mode) - £90

  Payment plans

Please find below available fee payment plans:
1 month (Fast-track mode) - £140

2 months (Standard mode) - £90

  Accreditation

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.

  How to apply ?

Simply follow the steps given below to enrol:
1. Fill enrolment form on-line at https://www.lsib.uk/enrolment-form/start.html
2. Pay enrolment fee of GBP £10
(This can be paid online using credit or debit card)

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