The Graduate Certificate in Business Game Theory introduces students to the fundamental concepts and applications of game theory in business contexts. Core modules include:
Introduction to Game Theory: Students explore the basic principles of game theory, including strategic decision-making, payoff matrices, and Nash equilibrium. They learn how game theory models interactions between rational decision-makers and analyze various types of games.
Strategic Interactions: This module delves into strategic interactions among players in competitive environments. Topics include dominant strategies, iterated games, and the prisoner's dilemma. Real-world case studies illuminate strategic decision-making in contexts such as pricing, negotiation, and strategic alliances.
Applications in Business: Students examine the application of game theory concepts in business strategy, marketing, and operations management. They analyze case studies to understand how firms use game theory to formulate pricing strategies, design auctions, and manage competitive rivalries.
Advanced Topics: This module covers advanced topics such as signaling, bargaining, and evolutionary game theory. Students explore cutting-edge research and emerging applications of game theory in business and economics.
Throughout the program, students engage in interactive discussions, simulations, and group projects to reinforce learning and apply theoretical concepts to real-world scenarios. By mastering game theory, students develop a strategic mindset and analytical toolkit to tackle complex business challenges effectively.
Apply now to gain a competitive edge in the dynamic world of business with our Graduate Certificate in Business Game Theory.