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Teaching Agent-Based Computational Economics to Graduate Students

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  • Tesfatsion, Leigh

Abstract

Agent-based computational economics (ACE) is roughly defined as the computational study of economies modeled as evolving decentralized systems of autonomous interacting agents. A key focus of ACE research is understanding how global regularities' arise from the-bottom^up, through the repeated local interactions-of autonomous agents channeled through socioeconomic institutions, rather than from top down coordination mechanisms such as imposed market clearing constraints or an assumption of single representative agents. This paper discusses how ACE materials have been.introduced into graduate-level courses in macroeconomic theory over the past several years, using an ACE labor market framework for concrete illustration...

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  • Tesfatsion, Leigh, 1998. "Teaching Agent-Based Computational Economics to Graduate Students," ISU General Staff Papers 199807010700001043, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:199807010700001043
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    JEL classification:

    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • E - Macroeconomics and Monetary Economics
    • J - Labor and Demographic Economics

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