Complexity and Distribution in Economics


Lecturer: Prof. Mishael Milakovic, PhD

This course deals with alternative approaches to the usual equilibrium concepts in economics. As it turns out, many economic and financial variables of interest exhibit robust distributional regularities across space and time, but have received at best minor attention in the literature. A crucial aspect of the course is to move beyond standard texts and introduce students to the possibly most challenging problem facing macroeconomic methodology today: the theory of aggregation. We will consider recent developments in statistical equilibrium theory, which is particularly suitable for studying problems that arise from the aggregation of many agents, and centers around the idea of an equilibrium distribution in economic variables.

More information on this course can be found in Univis and here:

Complexity and Distribution in Economics(12.4 KB)