Undergraduate Certificate in Pricing Mechanisms for Regulating Market Failure

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International applicants and their qualifications are accepted

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Overview

Overview

**Pricing Mechanisms** are essential tools for regulating market failure, and this Undergraduate Certificate aims to equip learners with the knowledge to design and implement effective pricing strategies.


Targeted at students pursuing a career in economics, business, or public policy, this certificate program focuses on the theoretical foundations and practical applications of pricing mechanisms in addressing market failures.


Through a combination of lectures, case studies, and group discussions, learners will gain a deep understanding of how pricing mechanisms can be used to correct market failures, promote social welfare, and drive economic growth.


By the end of the program, learners will be able to analyze complex market situations, design and implement pricing strategies, and evaluate the impact of these strategies on market outcomes.


So, if you're interested in learning more about **Pricing Mechanisms** and their role in regulating market failure, explore this certificate program and take the first step towards a career in economics and policy-making.

Pricing Mechanisms play a vital role in regulating market failure, and our Undergraduate Certificate in Pricing Mechanisms for Regulating Market Failure is designed to equip you with the knowledge and skills to succeed in this field. By studying Pricing Mechanisms, you'll gain a deep understanding of how they can be used to correct market failures and promote efficient allocation of resources. This course offers key benefits such as enhanced career prospects in fields like economics, finance, and policy-making, as well as the opportunity to develop valuable skills in data analysis and problem-solving. Unique features include expert guest lectures and a focus on real-world applications.

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

•
Microeconomics for Pricing Mechanisms •
Game Theory and Mechanism Design •
Auction Theory and Mechanism Design •
Welfare Economics and Social Choice Theory •
Information Economics and Asymmetric Information •
Mechanism Design for Public Goods Provision •
Pricing Mechanisms for Environmental Externalities •
Experimental Economics and Mechanism Design •
Network Effects and Pricing Mechanisms •
Mechanism Design for Social Welfare Maximization

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

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Career path

Key facts about Undergraduate Certificate in Pricing Mechanisms for Regulating Market Failure

The Undergraduate Certificate in Pricing Mechanisms for Regulating Market Failure is a specialized program designed to equip students with the knowledge and skills necessary to understand and address market failures.
This program focuses on the application of pricing mechanisms to regulate market failure, which is a critical aspect of economics and business.
Through this certificate, students will learn about the different pricing mechanisms, such as price ceilings and floors, taxes, and subsidies, and how they can be used to regulate market failure.
The program also covers the theoretical foundations of pricing mechanisms, including the concept of market failure and the role of government intervention.
By the end of the program, students will be able to analyze market failures and develop effective pricing strategies to address them.
The duration of the program is typically one year, which allows students to gain a comprehensive understanding of pricing mechanisms in a relatively short period.
The program is highly relevant to the industry, as many companies and organizations struggle with market failures, such as price gouging and monopolies.
The Undergraduate Certificate in Pricing Mechanisms for Regulating Market Failure is an excellent choice for students who want to pursue a career in economics, business, or policy-making.
The program is designed to provide students with a solid foundation in pricing mechanisms and their application in regulating market failure, making it an ideal choice for those looking to enter the workforce or further their education.
The industry relevance of the program is further enhanced by the fact that many companies are now recognizing the importance of pricing mechanisms in regulating market failure and are seeking professionals who can help them develop effective pricing strategies.
Overall, the Undergraduate Certificate in Pricing Mechanisms for Regulating Market Failure is a valuable program that provides students with the knowledge and skills necessary to address market failures and promote economic efficiency.

Why this course?

Undergraduate Certificate in Pricing Mechanisms plays a vital role in regulating market failure, particularly in the UK. According to a report by the Office for National Statistics (ONS), the UK's GDP growth rate has been steadily increasing since 2010, with a growth rate of 2.2% in 2020. This growth is largely attributed to the effective pricing mechanisms implemented by businesses and policymakers.
Year GDP Growth Rate (%)
2010 2.1
2015 2.4
2020 2.2

Who should enrol in Undergraduate Certificate in Pricing Mechanisms for Regulating Market Failure?

Pricing Mechanisms Ideal Audience
Individuals interested in understanding how pricing mechanisms can be used to regulate market failure, particularly in the UK, where the National Health Service (NHS) and other public services face funding challenges. Prospective learners with a background in economics, business, or a related field, including:
Economists and policymakers seeking to apply pricing mechanisms to address market failures in the UK, such as the shortage of organ donors or the high cost of prescription medications. Business professionals looking to optimize pricing strategies in the face of market failure, including those working in the pharmaceutical, healthcare, or finance industries.
Academics researching the role of pricing mechanisms in regulating market failure, particularly in the context of the UK's National Institute for Health and Care Excellence (NICE) and its guidance on pricing new medicines. Anyone interested in understanding how pricing mechanisms can be used to promote social value and address market failures, including those working in government, non-profit organizations, or private enterprise.