Seminar in Economic Modeling

Term: Fall 2010

Subject Code: GECO

Course Number: 6335

Evolutionary and institutional economics: Theory and simulation. The first half of the workshop offers an overview of conceptions, theories, and models of evolutionary and institutional economics. Biological analogies in economic theory, complexity, and evolutionary processes of complex systems will be discussed. The conceptions of "self-organization," "equilibrium," and "emergence" will be compared. Applications will include "self-policing" institutions, the "evolution of cooperation," the evolution of technology selection, and the evolutionary theory of the firm. The second half will combine reading papers in the simulation literature with student pilot research projects. 

Students must have completed Advanced Micro I, Advanced Macro I or II, and Advanced Econometrics I, or have permission of the instructor before being eligible for registration.

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