731369 Computer simulation in energy and resource economics (in Eng.)

Art
Vorlesung und Seminar
Semesterstunden
2
Vortragende/r (Mitwirkende/r)
Schmidt, Johannes
Organisation
Angeboten im Semester
Wintersemester 2024/25
Unterrichts-/ Lehrsprachen
Englisch
Lehrinhalt

Bubbles and crashes on energy and resource markets, and complex, non-fully rational human behaviour pose serious problems to traditional economic modeling techniques. This course introduces the students to the concept of complex systems and the method of agent based modeling: both, the concept as well as the method, are highly relevant when trying to explain the above mentioned economic phenomena. This course gives an introduction to complex systems in economics, teaches students how to apply agent based modelling in the context of electricity markets - and tries to shed light on the question how a zombie outbreak may be best survived.
Inhaltliche Voraussetzungen (erwartete Kenntnisse)

Basic programming knowledge in any programming language (R, Python, C, Java, VB-Script, etc...) is a prerequisite.
Lehrziel

The students learn to understand the concept of complex systems and how the concept may be applied to agent based modeling. They get to know important agent based models from various disciplines (economy, sociology, biology) and learn how to apply them appropriately. Students will also learn how to implement, verify and validate basic agent based models in the programming language NetLogo.
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