Computational Economics
- type: Lecture (V)
- semester: WS 21/22
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time:
Fr 2021-10-22
08:00 - 18:30, once
Fr 2021-10-29
08:00 - 18:30, once
- lecturer: PD Dr. Pradyumn Kumar Shukla
- sws: 2
- lv-no.: <a target="lvn" href="https://campus.studium.kit.edu/events/0x083F3C57A6B34A9895E7B294DC4F342C">2590458</a>
- information: Online
Content | Examining complex economic problems with classic analytical methods usually requires making numerous simplifying assumptions, for example that agents behave rationally or homogeneously. Recently, widespread availability of computing power gave rise to a new field in economic research that allows the modeling of heterogeneity and forms of bounded rationality: Computational Economics. Within this new discipline, computer based simulation models are used for analyzing complex economic systems. In short, an artificial world is created which captures all relevant aspects of the problem under consideration. Given all exogenous and endogenous factors, the modelled economy evolves over time and different scenarios can be analyzed. Thus, the model can serve as a virtual testbed for hypothesis verification and falsification. Learning objectives: The student
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Language of instruction | English |
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