605.221 (21S) Agent-based-Modeling

Sommersemester 2021

Registration deadline has expired.

First course session
21.06.2021 11:00 - 18:00 ONLINE Off Campus
... no further dates known

Overview

Due to the COVID-19 pandemic, it may be necessary to make changes to courses and examinations at short notice (e.g. cancellation of attendance-based courses and switching to online examinations).

For further information regarding teaching on campus, please visit: https://www.aau.at/en/corona.
Lecturer
Course title german Agent-based Modeling
Type Seminar (continuous assessment course )
Course model Online course
Hours per Week 2.0
ECTS credits 4.0
Registrations 8 (15 max.)
Organisational unit
Language of instruction English
Course begins on 21.06.2021
eLearning Go to Moodle course

Time and place

Please note that the currently displayed dates may be subject to change due to COVID-19 measures.
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Course Information

Intended learning outcomes

  • Understanding the core ideas of Agent-based modelling (ABM)
  • Getting an idea of applications of ABM as research approach in business and economics including its virtues and drawbacks
  • Getting a basic understanding of how to implement agent-based models including some computer exercises (but: this course is not a programming course!)

Teaching methodology including the use of eLearning tools

Lecture, discussion, students' presentation, computer exercises.

Please, have a notebook with MS-Excel or a comparable spreadsheet tool installed with you.

Course content

  • Agent-Based Modelling: A Brief Introduction
  • Building Agent-Based Models: Basic Introduction and Some Computer Exercises
  • Agent-Based Computational Economics
  • Examples of Research Studies Employing Agent-Based Models (Students’ Presentations)
  • Agent-Based Modelling as a Research Approach: Virtues and Drawbacks

Literature

Chang M-H, Harrington JE (2006) Agent-based Models of Organizations. In: Tesfatsion L, Judd KL (eds) Handbook of Computational Economics: Agent-based Computational Economics, vol 2. Elsevier, Amsterdam, pp 1273-1337

Macal CM, North MJ (2010) Tutorial on Agent-based Modelling and Simulation. Journal of Simulation 4 (3):151-162

Squazzoni F (2010) The Impact of Agent-based Models in the Social Sciences. History of Economic Ideas 18 (2):197-233

Wall F (2016) Agent-based Modeling in Managerial Science: An Illustrative Survey and Study. Review of Managerial Science 10(1):135-193

Further literature will be mentioned in the course's material.

Examination information

Im Fall von online durchgeführten Prüfungen sind die Standards zu beachten, die die technischen Geräte der Studierenden erfüllen müssen, um an diesen Prüfungen teilnehmen zu können.

Examination methodology

Short oral presentation (20 min.) and a paper of 12 pages at maximum (not including index, references, appendix...).

Examination topic(s)

To each examinee a research paper employing agent-based modelling will be assigned.

The oral presentation is intended to give a short overview about the research question and the agent-based model in that paper.

The paper should in depth show/discuss how the research question is captured by the agent-based model employed in the research paper.

Assessment criteria / Standards of assessment for examinations

Attendance of at least 75%.

For the presentation and the paper:

  • correctness and clarity (i.e., are the key ideas of the research paper correctly and concisely captured and presented).

For the paper additionally:

  • Elaboration of how the agent-based model reflects the research question of the paper.

Grading scheme

Grade / Grade grading scheme

Position in the curriculum

  • Thematic Doctoral Programme Modeling, Simulation and Optimization in Business and Economics (SKZ: ---, Version: 16W.2)
    • Subject: Modelling, Simulation, Optimization in Business and Economics (Compulsory subject)
      • Modelling, Simulation, Optimization in Business and Economics ( 0.0h XX / 0.0 ECTS)
        • 605.221 Agent-based-Modeling (2.0h SE / 4.0 ECTS)
  • Doctoral programme Doctoral programme in Social and Economic Sciences (SKZ: 300, Version: 18W.1)
    • Subject: Studienleistungen gem. § 3 Abs. 2a des Curriculums (Compulsory subject)
      • Studienleistungen gem. § 3 Abs. 2a des Curriculums ( 0.0h XX / 80.0 ECTS)
        • 605.221 Agent-based-Modeling (2.0h SE / 4.0 ECTS)
  • Doctoral programme Doctoral programme in Social and Economic Sciences (SKZ: 300, Version: 12W.4)
    • Subject: Studienleistungen gem. § 3 Abs. 2a des Curriculums (Compulsory subject)
      • Studienleistungen gem. § 3 Abs. 2a des Curriculums ( 40.0h XX / 80.0 ECTS)
        • 605.221 Agent-based-Modeling (2.0h SE / 4.0 ECTS)
  • Doctoral programme Doctoral programme in Social and Economic Sciences (SKZ: 784, Version: 12W.4)
    • Subject: Studienleistungen gem. § 3 Abs. 2a des Curriculums (Compulsory subject)
      • Studienleistungen gem. § 3 Abs. 2a des Curriculums ( 40.0h XX / 80.0 ECTS)
        • 605.221 Agent-based-Modeling (2.0h SE / 4.0 ECTS)

Equivalent courses for counting the examination attempts

Sommersemester 2024
  • 605.221 VC Agent-based Modeling (RACE2: Modeling Boundedly Rational Agents) (2.0h / 4.0ECTS)
Sommersemester 2020
  • 605.221 SE Agent-based Modeling (2.0h / 4.0ECTS)
Sommersemester 2019
  • 605.221 SE Agent-Based Modelling (2.0h / 4.0ECTS)
Sommersemester 2018
  • 605.221 SE Agent-Based Modelling (2.0h / 4.0ECTS)
Sommersemester 2017
  • 605.221 SE Agent-Based Modelling (2.0h / 4.0ECTS)