Business Economics and Game Theory for Decision Making

Module 1, "Price Elasticity of Demand," provides a foundational understanding of elasticity and its impact on pricing decisions. Gain insights into elasticity's relationship with profitability and explore real-world applications through quizzes and assessments.

Module 2, "Policy and Intervention," delves into the implications of government intervention and externalities on market efficiency. Analyze the unintended consequences of price ceilings, price floors, and positive/negative externalities in this module.

Module 3, "Pricing with Market Power," explores market power sources and their implications on pricing strategies. Understand the 4-step process for setting prices, analyze monopolistic competition, and learn about barriers to entry in monopolies.

Module 4, "Competing Market," delves into pricing strategies with different demand segments, market power effects, and potential collusion in oligopoly. Gain insights into corporate mergers and the role of antitrust policy in regulating monopolies.

Module 5, "Game Theory," introduces simultaneous and sequential games, auctions, and oligopolistic price/quantity competition. Understand the impact of adverse selection and asymmetric information on strategic decision making in various scenarios.

The summative course assessment in Module 6 evaluates your comprehension of the course material, providing a comprehensive review of the key concepts covered throughout the course.