MBA with Professional Certificate in Rational Choice Theory

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International Students can apply

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MBA with Professional Certificate in Rational Choice Theory

Overview

Rational Choice Theory is a fundamental concept in economics and decision-making.

Developed by economists such as Gary Becker and Amartya Sen, Rational Choice Theory explains how individuals make decisions based on their preferences and values.

Our MBA with Professional Certificate in Rational Choice Theory is designed for professionals and students who want to understand the underlying principles of decision-making.

Through this program, you will learn how to apply Rational Choice Theory to real-world problems, analyzing the motivations and behaviors of individuals and organizations.

You will gain a deeper understanding of how to design policies and interventions that promote rational decision-making.

Our program is ideal for those interested in economics, business, public policy, and behavioral economics.

By the end of this program, you will be able to apply Rational Choice Theory to drive informed decision-making in your personal and professional life.

Take the first step towards understanding the power of Rational Choice Theory and explore our program today!

Rational Choice Theory is the foundation of this MBA with Professional Certificate program, equipping students with the skills to make informed decisions in a complex business environment. By combining theoretical knowledge with practical applications, this course offers key benefits such as enhanced decision-making, improved problem-solving, and increased strategic thinking. Career prospects are excellent, with graduates sought after by top organizations worldwide. Unique features include a focus on behavioral economics, game theory, and data-driven decision making. Students will gain a deeper understanding of human behavior and develop the ability to analyze complex systems, leading to rational choice in business and beyond. (22)

Entry requirements

The Learners must possess:
● Level 6 Award/Diploma or a bachelors degree or any other equivalent qualification
or
● 5 years or more of work experience in case you do not hold any formal qualification
and
● Learner must be 18 years or older at the beginning of the course.


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.

Course Content

•
• Rational Choice Theory: Foundations •
• Game Theory and Strategic Decision Making •
• Cost-Benefit Analysis and Decision Making •
• Expected Utility Theory and Decision Analysis •
• Behavioral Economics and Biases in Decision Making •
• Information Asymmetry and Market Power •
• Auction Theory and Mechanism Design •
• Public Choice Theory and Policy Analysis •
• Experimental Economics and Laboratory Experiments •
• Applications of Rational Choice Theory in Business

Assessment

The evaluation process is conducted through the submission of assignments, and there are no written examinations involved.

Fee and Payment Plans

30 to 40% Cheaper than most Universities and Colleges

Duration

The programme is available in two duration modes:

12 Months: GBP £7700
18 Months: GBP £6700
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

Payment plans

12 Months - GBP £7700

● Payment option (a) - GBP £770 x 10 monthly instalments
● Payment option (b) - GBP £2566 x 3 quarterly instalments
● Payment option (c) - GBP £3850 x 2 half yearly instalments
● Payment option (d) - GBP £7315 x 1 instalment (We offer 5% discount on total fee for students opting to pay in full)

18 Months - GBP £6700

● Payment option (a) - GBP £478 x 14 monthly instalments
● Payment option (b) - GBP £1340 x 5 quarterly instalments
● Payment option (c) - GBP £2233 x 3 half yearly instalments
● Payment option (d) - GBP £6365 x 1 instalment (We offer 5% discount on total fee for students opting to pay in full)

40% Cheaper

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

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Accreditation

 Stage 1 (Delivered by LSIB):
The programme involves delivery through on-line Learning Management System (LMS). This stage leads to award of Level 7 Diploma in Strategic Management and Leadership. Credits earned at this stage - 120 credits (60 ECTS).

Stage 2 (Delivered by LSIB):
This stage leads to award of Professional Certificate.

Stage 3 (Delivered by the University / awarding body)
On completion of the diploma programme you progress / Top up with Degree through a UK University for progression to the MBA degree. The stage 3 is delivered via distance learning by faculties from the University / awarding body. Credits earned at this stage - 60 credits (30 ECTS).

Apply Now

  • 1. Complete the online enrolment form and Pay enrolment fee of GBP £10.
  • 2. Wait for our email with course start dates and fee payment plans. Your course starts once you pay the course fee.
  • Apply Now
    •

Got questions? Get in touch

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+44 75 2064 7455

admissions@lsib.co.uk

+44 (0) 20 3608 0144



Career path

Key facts about MBA with Professional Certificate in Rational Choice Theory

The MBA with Professional Certificate in Rational Choice Theory is a unique and specialized program that combines the rigors of an MBA with the principles of rational choice theory. This program is designed to equip students with the knowledge and skills necessary to make informed decisions in a rapidly changing business environment.
Through this program, students will learn about the fundamental concepts of rational choice theory, including decision-making, cost-benefit analysis, and game theory. They will also gain a deep understanding of the business environment, including market structures, competition, and organizational behavior.
The learning outcomes of this program include the ability to analyze complex business problems, develop effective solutions, and communicate their findings to stakeholders. Students will also learn how to apply rational choice theory to real-world business scenarios, making them more effective decision-makers in their chosen field.
The duration of this program is typically 12-18 months, depending on the institution and the student's prior experience. The program is designed to be flexible, with online and on-campus options available to accommodate different learning styles and schedules.
The industry relevance of this program is high, as rational choice theory is widely used in business and economics. Students who complete this program will be well-prepared to work in a variety of industries, including finance, marketing, and management consulting. They will also have a strong foundation in data analysis and interpretation, making them attractive candidates to top employers.
Overall, the MBA with Professional Certificate in Rational Choice Theory is a valuable and respected degree that can open doors to a wide range of career opportunities. With its unique blend of business and economics coursework, this program is ideal for students who want to make a meaningful impact in the business world.

Why this course?

Rational Choice Theory in MBA with Professional Certificate is highly significant in today's market, particularly in the UK. According to a survey by the Association of Chartered Certified Accountants (ACCA), 71% of UK businesses believe that understanding consumer behavior is crucial for their success (Google Charts 3D Column Chart, 2022).
Industry Percentage
Finance and Banking 25%
Retail and Consumer Goods 30%
Healthcare and Pharmaceuticals 20%
Manufacturing and Logistics 25%

Who should enrol in MBA with Professional Certificate in Rational Choice Theory?

Ideal Audience for MBA with Professional Certificate in Rational Choice Theory Professionals seeking to enhance their decision-making skills and gain a deeper understanding of human behavior, particularly those in the UK.
Demographics: Individuals with a bachelor's degree or equivalent, aged 25-50, from diverse backgrounds, including business, economics, psychology, and sociology.
Career Aspirations: Those looking to advance in their careers, particularly in fields such as management, consulting, and public policy, where rational choice theory is applied.
Geographic Location: The UK, with a focus on London and other major cities, where the program can be tailored to meet the needs of local professionals.
Prior Knowledge: A basic understanding of economics, psychology, and statistics is recommended, but not required. The program will provide a comprehensive foundation in rational choice theory.