Managerial Economics | Product Pricing | Free Online Course | Alison
Loading

The New Alison App has just launched Download Now

Product Pricing in Managerial Economics

This free online course will teach you about product pricing to improve your understanding of business management.

Economics
Free Course
Optimal product pricing is a fundamental part of managerial economics. In this free course, you will first be taught about the formulating ‘right price’ and its basic determinants. The material covers the three degrees of price discrimination and how it is achieved through consumer peculiarities and the nature of goods. By the end of the course, the natural basis for the determination of overall price will be highlighted.
  • Duration

    10-15 Hours
  • Certification

    Yes
  • Mobile Friendly

    Yes
  • Publisher

    NPTEL
  • Accreditation

    CPD

Description

Modules

Outcome

Certification

View course modules

Description

This specialist certificate course is about product pricing in managerial economics. First, you will be introduced to multi-product pricing and the basic determinants of price. Price discrimination and its degrees will be covered, with graphical and numerical examples for a better understanding. International price discrimination will be highlighted, with a specific emphasis on dumping.

Then, you will learn about cost-based pricing and pricing based on the firm’s objectives. Competition-based pricing will be specifically unravelled and the material will address product life-cycle pricing. You will also be taught how prices are set at the various stages of the business cycle, along with cyclical pricing and value pricing. Following multi-product pricing, you will also learn about Ramsey pricing (also known as the Ramsey problem or Ramsey–Boiteux pricing)  and transfer pricing, among other pricing models.

This course will be particularly interesting to anyone specialising in business management and useful to those working as sales managers. Marketing and commerce or economics students will also find this material to be relevant and helpful.

Start Course Now

Learning Outcomes

Upon successful completion of this course, you will be able to:


  • Explain product pricing 
  • List the basic determinants of price
  • Explain price discrimination
  • Contrast Ramsey pricing to peak load pricing
  • Discuss the three degrees of price discrimination
  • Define 'dumping'
  • Explain pricing based on the firm’s objectives
  • Describe the product lifecycle pricing
  • Contrast cyclical pricing to cost-based pricing
  • Define 'multi-product pricing'
  • List other types of pricing
  • Compare Ramsey pricing to transfer pricing

Certification

All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire an official Certificate, which is a great way to share your achievement with the world. Your Alison Certificate is:

Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
An indication of your commitment to continuously learn, upskill and achieve high results
An incentive for you to continue empowering yourself through lifelong learning

Alison offers 3 types of Certificates for completed Certificate courses:

Digital Certificate - a downloadable Certificate in PDF format, immediately available to you when you complete your purchase
Certificate - a physical version of your officially branded and security-marked Certificate, posted to you with FREE shipping
Framed Certificate - a physical version of your officially branded and security-marked Certificate in a stylish frame, posted to you with FREE shipping

All Certificates are available to purchase through the Alison Shop. For more information on purchasing Alison Certificates, please visit our FAQs. If you decide not to purchase your Alison Certificate, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Certificate pricing, please visit our Pricing Page.

Careers

    Notification
    You have received a new notification
    Click here to view them all