ECUE Agent-based modelling

This course introduces the fundamentals of agent-based modeling (ABM) and its application in Economics. Agent-based modeling is a computational approach that allows for the exploration of complex systems by simulating the interactions of individual agents with heterogeneous behaviors. This methodology complements traditional economic modeling by providing a framework to analyze emergent phenomena, nonlinear dynamics, and decentralized decision-making.

The course is structured in two parts:

1. Foundations of Agent-Based Modeling: Key concepts, theoretical underpinnings, and comparison to standard economic methodologies.
2. Practical Implementation: Hands-on development of an agent-based model from scratch, with opportunities to test and explore scenarios relevant to economic contexts.

By the end of the course, students will be equipped with the skills to conceptualize, develop, and analyze agent-based models to address economic questions.