Price discrimination classifies consumers into different groups which allows producers to charge different prices and maximize profits. The rationale and constraints of price discrimination, along with the ethical perspective of such strategy will be explored. The majority of the course focuses on the evaluation and interpretation of real-life pricing examples according to price discrimination, particularly the use of demographics, behavioral traits, signals, and other invented tools to classify consumers. Degrees of price discrimination will also be discussed.
Objectives
Understand the concept, rationale, and constraint of price discrimination
Evaluate real-life pricing schemes according to price discriminating strategy
Apply the price discriminating strategy to maximize profits
Target Group
The public
Period
Total online learning hours 12 hrs.
Self-paced
Every academic year
Evaluation
The results are measured and assessed through the post-test of 100 points. Students must score a total score of 70% or more to be able to obtain the Certificate.