Advanced Certificate in Economics of Pricing and Market Failure

Monday, 16 February 2026 12:28:59

International applicants and their qualifications are accepted

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Overview

Overview

**Pricing** is a crucial aspect of economics that affects businesses and consumers alike. The Advanced Certificate in Economics of Pricing and Market Failure aims to equip learners with the knowledge and skills to analyze and improve pricing strategies.

Targeted at professionals and students in the fields of business, finance, and economics, this program focuses on the economic principles underlying pricing decisions and their impact on market outcomes.

Through a combination of theoretical foundations and practical applications, learners will gain insights into market failure, consumer behavior, and competition policy.

By the end of the program, learners will be able to apply economic concepts to real-world pricing scenarios, making informed decisions that drive business success.

Take the first step towards mastering the art of pricing and market failure. Explore the Advanced Certificate in Economics of Pricing and Market Failure today and unlock your potential for business growth and success.

Economics of Pricing and Market Failure is a comprehensive course that delves into the intricacies of pricing strategies and market failures. By mastering the concepts of demand and supply, you'll gain a deeper understanding of how businesses set prices and make decisions in a competitive market. This Advanced Certificate program offers key benefits such as enhanced career prospects in management, finance, and marketing, as well as improved analytical skills. Unique features include interactive case studies, real-world examples, and expert guest lectures. With a focus on Economics of Pricing and Market Failure, you'll be equipped to analyze complex market scenarios and develop effective pricing strategies.

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 applicants and their qualifications are accepted.

Step into a transformative journey at LSIB, where you'll become part of a vibrant community of students from over 157 nationalities.

At LSIB, we are a global family. When you join us, your qualifications are recognized and accepted, making you a valued member of our diverse, internationally connected community.

Course Content

• Microeconomic Theory of Pricing
• Market Structures: Perfect Competition, Monopoly, Oligopoly
• Market Failure: Externalities, Public Goods, Information Asymmetry
• Game Theory and Strategic Decision Making
• Consumer Behavior and Demand Analysis
• Production and Cost Theory
• Market Failure: Monopolistic Competition, Barriers to Entry
• Pricing Strategies: Price Discrimination, Price Tipping
• Market Structure: Monopoly Power, Concentration Ratio
• Economic Policy and Regulation
• Advanced Topics in Pricing and Market Failure

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 & course fee

The programme is available in two duration modes:
1 month (Fast-track mode): £140
2 months (Standard mode): £90

40% Cheaper

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

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Awarding body

 The programme is awarded by London School of International Business. 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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  • 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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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 Advanced Certificate in Economics of Pricing and Market Failure

The Advanced Certificate in Economics of Pricing and Market Failure is a specialized program designed to equip students with a deep understanding of pricing strategies and market dynamics.
This course is ideal for professionals working in industries such as finance, marketing, and management, who want to enhance their knowledge of economic principles and their application in real-world scenarios.
Upon completion of the program, students will be able to analyze complex market structures, identify pricing strategies, and develop effective pricing models to mitigate market failures.
The learning outcomes of this program include the ability to apply economic theories to real-world problems, develop data-driven pricing strategies, and create value for organizations in a rapidly changing market environment.
The duration of the Advanced Certificate in Economics of Pricing and Market Failure is typically 6-12 months, depending on the institution and the student's prior experience.
Industry relevance is a key aspect of this program, as it provides students with the skills and knowledge required to succeed in industries such as retail, pharmaceuticals, and energy.
By completing this program, students can enhance their career prospects and take on more senior roles in their organizations, such as pricing manager or market analyst.
The program is also relevant to students interested in pursuing a career in academia or research, as it provides a solid foundation in economic theory and its application in various fields.
Overall, the Advanced Certificate in Economics of Pricing and Market Failure is a valuable program that can help students develop a deeper understanding of economic principles and their application in real-world scenarios.

Why this course?

The Advanced Certificate in Economics of Pricing and Market Failure is highly significant in today's market, particularly in the UK. According to the Office for National Statistics (ONS), the UK's GDP growth rate has been steadily increasing, with a 2.2% growth rate in 2022. This growth is largely driven by the services sector, which accounts for over 80% of the UK's GDP.
Year GDP Growth Rate
2020 -9.9%
2021 5.4%
2022 2.2%

Who should enrol in Advanced Certificate in Economics of Pricing and Market Failure?

Ideal Audience for Advanced Certificate in Economics of Pricing and Market Failure Professionals and individuals interested in understanding the intricacies of pricing strategies and market failures, particularly in the UK, where the National Statistics Office reports that the UK's GDP growth has been steadily increasing, with a 1.4% growth rate in 2022, highlighting the need for effective pricing and market analysis.
Key Characteristics: Business owners, marketing managers, economists, and students seeking to enhance their knowledge of pricing strategies, market structures, and the impact of market failures on consumer behavior and business outcomes.
Relevant Background: A basic understanding of microeconomics, statistics, and data analysis is recommended. Familiarity with UK market trends and economic indicators, such as the Consumer Price Index (CPI) and the Retail Price Index (RPI), can be beneficial.
Learning Objectives: Upon completion of the Advanced Certificate in Economics of Pricing and Market Failure, learners will be able to analyze pricing strategies, identify market failures, and develop effective solutions to mitigate their impact, ultimately enhancing their ability to drive business growth and competitiveness in the UK market.