2023-2024 Catalog

ECON 410 Computational Simulation of Markets and Behavior

We explore models of individuals' and firms' decision-making and interaction by running, modifying, and creating agent-based modeling simulations. We study the relationships of these techniques to mathematical models, including those that employ Nash equilibrium as their solution concept. In addition to considering the results of related empirical models and their estimates of market and individual behavior, we analyze our own simulations' results with relevant statistical tools. [W]


ECON 251, ECON 252, and ECON 253