ECUE Economic dynamics

ECUE's code : IMEK109

This course belong to UE Economic dynamics (3 ECTS) which contains 1 ECUE

Structure

EUR ELMI

Disciplinary domain

Sciences économiques

Campus

Campus Saint Jean d'Angély

Course's level

Master 2

Semester

Semestre impair

Language

Anglais

PRESENTATION

This course is about non-linear economic dynamics, and it is centred on modelling human behaviours in economic systems where the aggregation of individual actions give rise to complex emergent phenomena. Examples of non-linear economic features that we will study are multiple equilibria, critical mass effects, social tipping points and non-equilibrium outcomes such as periodic and chaotic patterns.

Course's manager(s)

In class

20h of lectures

PREREQUISITES

Before the start of the course, I must ...

know the basic instruments of mathematical calculus
be familiar with fundamentals of microeconomics analysis

OBJECTIVES

By the end of this course, I should be able to...

run and study non-linear economic models evaluating different long run attractors and the qualitative changes in the dynamics induced by parameters changes
analyse a simple dynamical system with system dynamics analytical tools, finding equilibria and assessing their stability

CONTENT

Non-linear economic dynamics models

Examples of econmic models based on heterogeneous expectations, adaptive expectations, and discrete choice theory
System dynamics

Mathematical framework for the study of dynamical systems, with elements of bifurcation theory

Access to complete Syllabus (Authentification required)

Important

This syllabus has no contractual value. Its content is subject to change throughout this year: be aware to the last updates