Study the theory of the market economy to equip yourself with useful tools and methods to boost your managerial skills. The goal of market theory is to use the tools of ‘economic reasoning’ to explain the market process and improve a company’s financial performance. You will be guided through the notion of ‘perfect competition’ (especially in the stocks and credit-card markets) and different economic analyses. You will study the behaviour of individuals and firms in monopolistic and oligopolistic environments, as well as price determination and discrimination.
| College | Alison |
| Course ID | 196062 |
| Course Type | Online Learning |
| Course Qualification | CPD Diploma |
| Course Duration | 10-15 hours |
| Course Fee | Free |
| Entry Requirements | Like all courses on the Alison Free Learning platform this is a free, CPD-accredited course. A Graduate can choose to buy a certificate or diploma upon successful completion of a course, but this is not required or necessary. At Alison we believe that free education, more than anything, has the power to break through boundaries and transform lives. Alison is the world’s largest free online empowerment platform for education and skills training, offering over 5000 CPD accredited courses and a range of impactful career development tools. It is a for-profit social enterprise dedicated to making it possible for anyone, to study anything, anywhere, at any time, for free online, at any subject level. Through our mission, we are a catalyst for positive social change, creating opportunity, prosperity, and equality for everyone. |
| Career Path | What You Will Learn In This Free Course • Discuss the concept of 'the market' • Categorize the various types of market • Explain long-run equilibrium • Recall the characteristics of perfect competition • Discuss perfect competition in the real world • Contrast monopoly with oligopoly • List the characteristics of monopolies and oligopolies • Contrast collusive oligopoly with non-collusive oligopoly • Define 'game theory' • Explain product pricing • List the basic determinants of price • Contrast the Ramsey problem (or Ramsey–Boiteux pricing) to peak-load pricing |
| Course Code | 2897 |
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