The economy as an interdependent system: Computational models (Agent-based modeling and simulation)

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TU Chemnitz | Sommersemester 2025 The economy as an interdependent system: Computational models (Agent-based modeling and simulation)
Computational methods like computer simulation, agent-based modeling, machine learning, and others are commonly employed in economics, finance, business analytics, and other fields. Though many are not exact analytical methods, they offer convenient ways to approximate analytical results while being inexpensive and time saving even when dealing with very complex settings. The seminar "The economy as an interdependent system: Computational models (Agent-based modeling and simulation)" will cover computational methods, techniques, and their applications with a particular focus on agent-based models. This includes the creation of an appropriate implementation in a formal programming language (e.g. Python), the process of carrying out, validating and improving the program and the final evaluation of the obtained results. Possible topics for term papers include: the simulation of markets, the simulation of business cycles and investment cycles, that of the stability of banking systems, or that of models of innovation and technological change, or empirical applications of sentiment analysis or automated classification as well as other topics.

 

 

Students should give short mid-term presentations (5 minutes each), full final presentations (15 minutes each) and complete a term paper. Students will work mostly independently and in exchange with their supervisor, but there will be sessions for the introduction to the seminar, for the introduction to methods and for the student's presentations. These sessions which will be held as joint sessions for the Bachelor and the Master level seminars on computational methods to enable discussions and feedback among students at different levels. 

The requirements and standards for the bachelor and the master level will, of course, be different:

  • The bachelor level Berufsfeldseminar/Wiwi-Seminar/BWL-Seminar requires a literature analysis on a defined topic.
  • The bachelor level seminar on computational methods ("Agent-based modeling and simulation") requires the implementation of a defined task and the analysis and description of the resulting model.
  • The master level seminar on computational methods ("Agent-based modeling and simulation") requires reproducing a paper and model from the literature or parts thereof and the analysis and description of the resulting re-implementation.

The seminar is open to the following Bachelor students:

Europa-Studien SO2018 and SO2022:

  • VWL-Seminar (please sign up as "Bachelor-Seminar Professur Mikroökonomie (Berufsfeldseminar / Wiwi-Seminar / VWL-Seminar)")

WiWi SO2018:

  • WiWi-Seminar (Modul 15) (please sign up as "Bachelor-Seminar Professur Mikroökonomie (Berufsfeldseminar / Wiwi-Seminar / VWL-Seminar)")
  • Berufsfeld GM (please sign up as "Bachelor-Seminar Professur Mikroökonomie (Berufsfeldseminar / Wiwi-Seminar / VWL-Seminar)")
  • Berufsfeld VIP (please sign up as "Bachelor-Seminar Professur Mikroökonomie (Berufsfeldseminar / Wiwi-Seminar / VWL-Seminar)")

WiWi SO2022:

  • Modul 262032-203: Agent-based modeling and simulation (please sign up as "Seminar - Bachelor level (Agent-based modeling and simulation)")
  • Modul 260000-240: Seminar Industrieökonomik (please sign up as "Bachelor-Seminar Professur Mikroökonomie (Berufsfeldseminar / Wiwi-Seminar / VWL-Seminar)")
  • Modul 260000-212: Seminar Innovations- und Technologieökonomik I (please sign up as "Bachelor-Seminar Professur Mikroökonomie (Berufsfeldseminar / Wiwi-Seminar / VWL-Seminar)")
  • Modul 260000-213: Seminar Innovations- und Technologieökonomik II (please sign up as "Bachelor-Seminar Professur Mikroökonomie (Berufsfeldseminar / Wiwi-Seminar / VWL-Seminar)")
  • Modul 260000-241: Seminar Internationale Ökonomik (please sign up as "Bachelor-Seminar Professur Mikroökonomie (Berufsfeldseminar / Wiwi-Seminar / VWL-Seminar)")
  • Modul 260000-243: Seminar Methoden in der Ökonomik (please sign up as "Bachelor-Seminar Professur Mikroökonomie (Berufsfeldseminar / Wiwi-Seminar / VWL-Seminar)")
  • Modul 260000-218: Seminar Politische Ökonomik I (please sign up as "Bachelor-Seminar Professur Mikroökonomie (Berufsfeldseminar / Wiwi-Seminar / VWL-Seminar)")
  • Modul 260000-219: Seminar Politische Ökonomik II (please sign up as "Bachelor-Seminar Professur Mikroökonomie (Berufsfeldseminar / Wiwi-Seminar / VWL-Seminar)")
  • Modul 260000-214: Seminar Umwelt und Nachhaltigkeit I (please sign up as "Bachelor-Seminar Professur Mikroökonomie (Berufsfeldseminar / Wiwi-Seminar / VWL-Seminar)")
  • Modul 260000-215: Seminar Umwelt und Nachhaltigkeit II (please sign up as "Bachelor-Seminar Professur Mikroökonomie (Berufsfeldseminar / Wiwi-Seminar / VWL-Seminar)")
  • Modul 260000-244: Seminar Wettbewerb und Regulation (please sign up as "Bachelor-Seminar Professur Mikroökonomie (Berufsfeldseminar / Wiwi-Seminar / VWL-Seminar)")

The seminar is open to Master students in various Master programs:

  • Master students should sign up as "Seminar - Master level ('Computational models' and 'Agent-based modeling and simulation')"
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