Professional Certificate in Market Failure, Public Good, and Pricing Strategies

Friday, 20 February 2026 01:32:06

International applicants and their qualifications are accepted

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Overview

Overview

Market failure

is a critical concept in economics that affects the way businesses and governments make decisions. This course explores the causes and consequences of market failure, focusing on public goods and pricing strategies.
Public goods are goods that are non-rivalrous and non-excludable, making them challenging to produce and distribute. The course delves into the characteristics of public goods and how they differ from private goods.
Pricing strategies play a crucial role in addressing market failure. Learners will study various pricing techniques, including price discrimination and subsidies, to optimize revenue and social welfare.
By understanding market failure, public goods, and pricing strategies, learners can develop effective solutions to real-world problems. Explore this course to gain a deeper understanding of these complex concepts and their applications in business and economics.

Market Failure is a critical concept in economics that affects businesses and policymakers alike. Our Professional Certificate in Market Failure, Public Good, and Pricing Strategies equips you with the knowledge to navigate these challenges. By mastering market failure and pricing strategies, you'll gain a competitive edge in the job market. This course covers key topics such as public goods, externalities, and information asymmetry, providing a solid foundation for making informed decisions. With market failure in mind, you'll be able to develop effective pricing strategies that balance revenue goals with social responsibility. Enhance your career prospects and stay ahead in the industry.

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

• Public Goods Theory • Market Failure and Externalities • Pricing Strategies for Public Goods • Tragedy of the Commons • Information Asymmetry and Pricing • Non-Rivalry and Non-Excludability • Cost-Benefit Analysis of Pricing • Pricing Strategies for Network Goods • Auctions and Pricing Mechanisms • Consumer Behavior and Pricing Decisions

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

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Career path

Key facts about Professional Certificate in Market Failure, Public Good, and Pricing Strategies

The Professional Certificate in Market Failure, Public Good, and Pricing Strategies is a comprehensive course designed to equip learners with the knowledge and skills necessary to analyze and address market failures, public goods, and pricing strategies in various industries.
This certificate program is typically offered by top-tier institutions and takes around 4-6 months to complete, with learners expected to dedicate around 10-15 hours per week to coursework and assignments.
Upon completion, learners can expect to gain a deep understanding of market failure, public goods, and pricing strategies, as well as the ability to apply this knowledge to real-world scenarios in industries such as healthcare, finance, and non-profit management.
The course covers essential topics such as the concept of market failure, public goods, and externalities, as well as pricing strategies for public goods and non-rivalrous goods.
Industry relevance is a key aspect of this certificate program, as it provides learners with the skills and knowledge necessary to address market failures and optimize pricing strategies in a variety of industries.
Learners can expect to develop a range of skills, including data analysis, critical thinking, and problem-solving, which can be applied to a range of roles in industries such as market research, policy analysis, and business strategy.
The Professional Certificate in Market Failure, Public Good, and Pricing Strategies is an ideal course for professionals looking to upskill or reskill in areas related to market analysis, policy development, and business strategy.
By completing this certificate program, learners can demonstrate their expertise in market failure, public goods, and pricing strategies, and enhance their career prospects in a range of industries.

Why this course?

Market Failure, Public Good, and Pricing Strategies are crucial concepts in today's market, particularly in the UK. According to a report by the UK's Office for National Statistics (ONS), the country's GDP growth rate has been steadily increasing, with a 1.4% growth rate in 2022. However, this growth is largely driven by consumer spending, which can be influenced by market failure and public good concepts.
Year GDP Growth Rate
2020 -9.9%
2021 -6.3%
2022 1.4%

Who should enrol in Professional Certificate in Market Failure, Public Good, and Pricing Strategies?

Ideal Audience for Professional Certificate in Market Failure, Public Good, and Pricing Strategies Professionals seeking to enhance their understanding of market dynamics, particularly those working in the UK's National Health Service (NHS), where public goods are often at the forefront of policy decisions, are the primary target audience for this certificate.
Demographics The ideal candidate is likely to be a UK-based professional with at least 2-3 years of experience in a related field, such as economics, business, or public policy. According to a report by the UK's Office for National Statistics, there are approximately 3.2 million public sector employees in England and Wales, with many of these roles involving decision-making on public goods and services.
Skills and Knowledge To benefit from this certificate, learners should possess basic knowledge of microeconomics, including market structures, consumer behavior, and public goods. They should also be familiar with pricing strategies and their applications in various industries. The certificate is designed to equip learners with the necessary skills to analyze market failure, design effective pricing strategies, and make informed decisions on public goods.
Career Outcomes Upon completion of the certificate, learners can expect to enhance their career prospects in fields such as policy development, market research, and public sector management. According to a report by the Chartered Institute of Marketing, the average salary for a marketing manager in the UK is £43,000, with experienced professionals earning up to £70,000 or more.