2 or 3 credits
Fall 2025 LectureComputational study of economic systems involving interacting agents who do not necessarily possess perfect rationality and information. In addition to equilibrium analysis, agent-based models focus on out-of-equilibrium dynamics that may or may not lead to equilibrium in the long run. Pre-requisite: ECON 67000 or STAT 51200 or STAT 51600 or equivalent.
Learning Outcomes1Provide foundation for implementing agent-based simulations in Python.
2Use agent-based approach to explain and/or complement findings from studies that use human subject experiments.