Undergraduate Certificate in Game Theory, Pricing, and Market Failure

Thursday, 11 September 2025 02:54:30

International applicants and their qualifications are accepted

Start Now     Viewbook

Overview

Overview

Game Theory

is a powerful tool for understanding market behavior and decision-making.
Understand how game theory applies to pricing and market failure, and gain insights into the strategic interactions between firms and consumers.
This certificate program is designed for undergraduate students interested in economics, business, or management, who want to develop a deeper understanding of market mechanisms and their limitations.
Through a combination of lectures, case studies, and group discussions, learners will explore the fundamental concepts of game theory, including Nash equilibrium and Pareto optimality.
Discover how game theory can inform your understanding of market failure and develop practical skills to analyze and solve real-world problems.
Explore this exciting field further and take the first step towards a career in economics, finance, or management.

Game Theory is the backbone of this Undergraduate Certificate, providing a comprehensive understanding of strategic decision-making and competitive behavior. This course delves into the intricacies of pricing and market failure, equipping students with the skills to analyze complex economic systems. By mastering game theory, students can develop innovative solutions to real-world problems, enhancing their career prospects in fields like finance, economics, and business. Unique features of the course include interactive simulations, expert guest lectures, and a focus on practical applications. Graduates can expect to excel in roles such as market analyst, economic consultant, or strategy advisor.

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

• Game Theory Fundamentals • Microeconomic Theory • Game Theory and Mechanism Design • Auction Theory • Industrial Organization • Market Structure and Competition • Pricing Strategies and Models • Market Failure and Externalities • Information Economics and Asymmetric Information • Experimental Economics and Game Theory

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.

Start Now

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.

Start Now

  • Start this course anytime from anywhere.
  • 1. Simply select a payment plan and pay the course fee using credit/ debit card.
  • 2. Course starts
  • Start Now
    •

Got questions? Get in touch

Chat with us: Click the live chat button

+44 75 2064 7455

admissions@lsib.co.uk

+44 (0) 20 3608 0144



Career path

Key facts about Undergraduate Certificate in Game Theory, Pricing, and Market Failure

The Undergraduate Certificate in Game Theory, Pricing, and Market Failure is a specialized program designed to equip students with a deep understanding of the theoretical foundations of game theory, pricing mechanisms, and market failure.
This program is ideal for students interested in pursuing a career in economics, finance, or business, particularly in areas such as competition policy, regulatory economics, and market design.
Through this certificate, students will learn how to analyze complex economic situations using game theory, pricing mechanisms, and market failure concepts.
The program's learning outcomes include the ability to apply game theory to real-world problems, understand the impact of market failure on economic outcomes, and develop effective pricing strategies.
The duration of the program is typically one year, consisting of two semesters of full-time study.
The industry relevance of this certificate is high, with applications in various sectors such as finance, healthcare, and technology.
Graduates of this program can pursue careers in policy analysis, market research, and competition law, among others.
The program's curriculum is designed to provide students with a strong foundation in mathematical economics, microeconomics, and econometrics, as well as specialized courses in game theory, pricing, and market failure.
By completing this certificate, students can enhance their employability and career prospects in fields related to economics and finance.
The program is offered by various institutions worldwide, including top universities and research centers.
Admission requirements typically include a bachelor's degree and relevant work experience, although specific requirements may vary depending on the institution.
Overall, the Undergraduate Certificate in Game Theory, Pricing, and Market Failure is a valuable program for students seeking to develop advanced analytical skills and knowledge in economics and finance.

Why this course?

Undergraduate Certificate in Game Theory, Pricing, and Market Failure holds significant importance in today's market, particularly in the UK. According to a report by the Centre for Economic Performance at the London School of Economics, the UK's economy is heavily reliant on services, with a significant portion of the workforce employed in industries such as finance and business services.
Industry Employment Rate (%)
Finance and Business Services 23.1%
Retail and Wholesale 12.3%
Manufacturing 9.5%

Who should enrol in Undergraduate Certificate in Game Theory, Pricing, and Market Failure ?

Game Theory Ideal Audience
Undergraduate Certificate Individuals with a strong interest in economics, business, and computer science, particularly those pursuing careers in finance, marketing, and data analysis, are well-suited for this programme. In the UK, this could include students from top universities such as Oxford, Cambridge, and Imperial College London, with 22,000 students graduating in economics in 2020.
Pricing and Market Failure Those with a solid understanding of mathematical and computational techniques, as well as a keen eye for detail, will excel in this programme. In the UK, the average salary for an economist is £43,000, with top graduates from this programme potentially earning upwards of £60,000.
Market Failure Prospective learners should be comfortable working with data, programming languages such as Python and R, and statistical software. With the UK's economy facing challenges such as Brexit and the COVID-19 pandemic, understanding market failure and its implications has never been more crucial.