Faculty of Business and Economics

Monash University

Undergraduate - Unit

This unit entry is for students who completed this unit in 2013 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

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FacultyFaculty of Business and Economics
Organisational UnitDepartment of Econometrics and Business Statistics
OfferedNot offered in 2013
Coordinator(s)Dr Simon Angus and Dr Brett Parris


The aim of this unit is to enable students to understand some of the complexities of interdisciplinary policy problems, particularly in the areas of sustainable development, and to enable them to design and undertake integrated modelling exercises for themselves. A complex systems science perspective will be adopted, introducing Agent-Based Modelling (ABM) as a flexible and powerful tool for exploring solutions to complex real-world problems. The ABM approach will be demonstrated and critically assessed through several interdisciplinary, integrated economy/sustainability models. Additionally, a flexible ABM modelling platform (NetLogo) will be introduced and demonstrated.


The learning goals associated with this unit are for students to:

  1. understand some of the complexities of interdisciplinary policy problems, particularly in the areas of sustainable development
  2. comprehend and critically assess the complex systems perspective
  3. critically evaluate agent-based models and their outputs
  4. develop and analyse an agent-based model of an integrated modelling problem
  5. undertake verification, validation, evaluation and assessment of integrated modelling outputs
  6. apply integrated modelling approaches to real-world interdisciplinary economic problems.


Within semester assessment: 60%
Examination: 40%

Chief examiner(s)

Dr Simon Angus (First semester)
Dr Brett Parris (Second semester)

Contact hours

3 hours per week


Students must have passed ETC1000 before undertaking this unit


It is recommended that students study ECC2800 Prosperity, poverty and sustainability in a globalised world