Businesses face many difficult choices when deciding how best to compete with their rivals. What prices should they charge for their product? And what product should they sell? Firms need to make decisions about RandD, investments and where they should locate. In this OLE we introduce a set of analytical (game theoretic) tools that can be used to study business and negotiation strategy. Students will apply these tools to real-world business decisions, such as: bargaining; pricing and quantity strategies; product choice; capacity competition; and strategic investment and innovation. This analysis helps us understand the day-to-day problems faced by firms, their decision-making process and the wider implications in the market of their choices.
1x2hr online lecture/week, 1x1hr online tutorial/week over 4 weeks
2x online quiz (25%) 2 x written assignment/problem set (30%) 1x 1hr Final exam (45%)