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Economics of Strategy
Learner Ground

Video & PDF Combined Course | Free PDF Certificate | Instant Access for Life | Learn on a Whim | For People in a Hurry

Summary

Price
£21.49 inc VAT
Study method
Online, On Demand 
Duration
1.5 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed Courses Certificate of Completion - Free
Additional info
  • Tutor is available to students
1 student purchased this course

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Overview

Economics of Strategy is a comprehensive course situated at the intersection of Social Science and Economics. It explores how firms formulate and execute strategies by applying fundamental principles of economics to real-world business challenges. The course leverages core concepts from Economics to analyze competitive dynamics, market structure, and firm behavior, providing students with a robust understanding of strategic decision-making from an economic perspective.

Key Takeaways

  • Application of Economics to real-world business strategy
  • Understanding of market structure and competitive dynamics through Economics
  • Integration of Social Science concepts with Economic analysis
  • Insights into firm behavior, pricing, and strategic market entry
  • Development of economic frameworks for strategic decision-making
  • Enhanced ability to analyze and predict business outcomes based on Economics

Certificates

Curriculum

1
section
7
lectures
1h 31m
total

    • 1: Module 1 Introduction to Strategic Management 09:00
    • 2: Module 2 External Analysis and Competitive Advantage 21:14
    • 3: Module 3 Internal Analysis and Competitive Advantage 11:00
    • 4: Module 4 Competitive Strategies in Practice 20:04
    • 5: Module 5 Corporate-Level Strategy 11:00
    • 6: Module 6 Innovation and Technology Strategy 18:37
    • 7: Economics of Strategy Assignment -

Description

This course offers a detailed examination of the Economics underlying strategic choices in business environments. Rooted in Social Science, Economics serves as the primary lens through which market forces, incentives, and firm interactions are studied. Students will engage with key Economic theories and models such as game theory, competitive strategy, pricing strategies, and market entry, enabling them to grasp how Economics shapes firm performance and long-term sustainability. The Economics of Strategy highlights how economic analysis can guide firms in creating competitive advantages and responding effectively to market conditions. Throughout the course, the integration of Economics and Social Science concepts equips learners to interpret complex strategic issues with an economic framework, improving their capacity to predict outcomes and influence market behavior.

Who is this course for?

This course is designed for individuals interested in understanding business strategy through the lens of Social Science and Economics. It is ideal for students, analysts, and professionals who want to deepen their knowledge of how Economics informs strategic decisions in competitive markets.

Requirements

No formal qualification in Economics of Strategy is required for this course.

Career path

Graduates of this course can pursue careers in strategy consulting, economic analysis, market research, and corporate strategy, where expertise in Economics and strategic thinking is essential.

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Legal information

This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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