Macroeconomic outcomes result from the interaction of millions of heterogeneous individual and firms. At the same time, the individual behavior at the microeconomic level is influenced and constrained by emergent structures at the macro level such as habits or social norms.
Modeling these interactions between many heterogeneous agents and the interaction between different levels of the economy is very challenging with mathematical equilibrium models. The new field of emergent macroeconomics uses agent-based modeling as a modern computer simulation approach to macroeconomics.
- Kursleiter/in: Michelle Alfers
- Kursleiter/in: Michael Roos
Semester: SoSe 2025