Business Economics and Game Theory for Decision Making

Illinois Tech connects business decisions with demand, intervention and strategic competition. Pricing with market power leads into competing firms and game theory. The course helps learners consider how a decision depends on other participants, rather than treating a firm’s price or strategy as a choice made in isolation.

What you will learn

• Explain demand elasticity and policy trade-offs.
• Compare pricing decisions under market power.
• Describe strategic interactions using game-theory concepts.

Who this suits

Intermediate-level course; no specific background is required. The provider says professional experience, including non-business work, may help.

Before you enroll

Compare the model with the question it is meant to answer. Use fictional or historical examples for practice and identify assumptions that could change the interpretation of the result.

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Put it into practice

Create a simple two-firm pricing scenario. Explain how each firm’s preferred decision changes when it considers the likely response of the other.

Source and review

This overview is based on the provider's published information, checked on 12 October 2026. It is an editorial assessment, not a claim that we completed the resource. Time filters are approximate study ranges; projects and exercises can take longer.

View the curriculum and current access options at Coursera.

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