Introduction to Complexity in Economics.

Catalog description

This course introduces students to the new economic paradigm of complexity in which economic systems are characterized by interconnected and interdependent elements. Students will learn about feedback processes and emergence – the idea that the behavior of systems emerges—often unpredictably—from the interaction of the parts. Complexity requires that researchers consider the perspective from which she/he/they view the world. It is applicable in all settings and starts with the individuals and how simple behaviors can result very complex outcomes. Students will also learn how to use computer software that focuses on networks and multiagent simulation in economics. Prerequisite: EC 2301 , EC 2303 , CS 2313 , and either CS 3300 or CS 4315 or permission of the instructor.